Trade Financial News

Modi will hold talks with Crown Prince Mohammed bin Salman, who is also the PM of Saudi Arabia. Both sides will look to take forward agreements finalised during the crown prince’s trip to India in 2023. The protracted Israel-Hamas crisis and tensions in the Red Sea besides the India–Middle East–Europe Economic Corridor (IMEEC) are likely to figure in the discussion agenda, it has been learnt. Saudi Arabia plays a critical role in the proposed IMEEC connecting India with Europe through UAE and Saudi Arabia. Ahead of the PM's trip to Riyadh, Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, also the Defence Minister of UAE, is expected to visit New Delhi next week in yet another display of special ties. Sheikh Hamdan will meet defence minister Rajnath Singh as India moves to step up engagements with UAE’s next generation leadership. Last year, the Crown Prince of Abu Dhabi was hosted by the Modi government.

«Dead» investors often beat the living — at least, when it comes to investment returns.

reciprocal tariffs" on more than 200 nations. The majority of countries received a standard tariff rate of 10%, while others were imposed tailored rates according to a given formula created by the US Trade Representative (USTR). This equation, designed to balance trade imbalances, establishes tariffs based on import, export, and demand elasticity factors. The following is a detailed explanation of how the Trump Tariff equation operates and what it implies for international commerce, as mentioned in a report by USA Today.

Modi was also honoured with Sri Lanka's highest civilian award, Mithra Vibhushana, for his exceptional efforts in bolstering the ties between the two nations and highlighting the spiritual and cultural heritage of both countries. New Delhi and Colombo will move strategically closer in terms of joint maritime surveillance, military exercises, and equipment support with the defence agreement. The other MoUs focus on implementing India's UPI payment system in Sri Lanka, enhancing renewable energy trade through a proposed grid connectivity project, and ferry and aviation services to improve people-to-people ties. The Modi and the Lankan President virtually inaugurated the construction of the Sampur solar power project. They also inaugurated the recently completed temperature-controlled warehousing facility at Dambulla, which is possibly the first facility of its kind in the island, and a project for supply of solar rooftop systems to nearly 5,000 religious institutions across Sri Lanka.

reciprocal tariffs imposed by the US and has a first mover advantage as compared to other countries because of the Bilateral Trade Agreement (BTA) that the two are negotiating, officials said, adding that Indian exporters are better positioned to deal with the additional US tariffs as compared to their competitors. The country, they said, will take all measures to check dumping of goods from China as Beijing is slapped with steeper tariffs and work within the World Trade Organization (WTO) framework to prevent the dumping of excess capacity into its markets by countries hit by high US tariffs. “The government is there to protect domestic industry from any possibility of dumping of goods in such a situation,” said an official. New Delhi is also exploring measures to protect sensitive sectors like dairy and agriculture amid the trade war. While the reciprocal tariffs on India are 26%, those on China are 34%. India is also likely to gain from the US-China trade war.

Why are bank stocks crashing globally even though Trump’s tariffs don’t target them?- If you've been keeping an eye on the stock market, you probably noticed a wild swing recently—especially in the banking sector. Billions of dollars have vanished from global banks, and the confusion is real. You might be asking: Wait, aren’t Trump’s tariffs aimed at goods? Why are banks bleeding? That’s the heart of the issue. While President Donald Trump’s new tariff walls—reportedly the toughest in a century—don’t hit banks directly, the ripple effects are enough to spook the financial world. And the selloff we’re seeing now? It’s not just a blip. It could be the early signs of something much bigger, potentially tipping the global economy toward a 2025 recession.

US stock market has started witnessing a chaos. President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6 per cent on Friday, the Dow Jones Industrial Average plunged 5.5 per cent and the Nasdaq composite dropped 5.8 per cent. Wall Street went into free fall, following similar collapses in Asia and Europe. For a second straight day, markets plunged, wiping vast sums off investment and retirement portfolios alike. US Federal Reserve Chairman Jerome Powell warned the tariffs were likely to spur «higher inflation and lower growth», as per an AFP report. Losses in US financial markets were estimated at more than $6 trillion since Trump unveiled his «Liberation Day» tariffs. Trump, who unveiled his barrage of import duties against dozens of countries Wednesday, was unrepentant, posting that «my policies will never change,» AFP reported. «This is a great time to get rich,» he wrote.

Eternal, has resigned, the company said Saturday. Food delivery is the company's biggest revenue generating vertical. Chandra had joined the company in 2018 and was elevated to the role of food delivery COO in 2023. In the food delivery segment, which is led by Rakesh Ranjan, the company has witnessed a slowdown in growth amid broader consumption softness.

Donald Trump has unveiled his latest tariffs, and they could have significant implications for your wallet, as per a report. President Trump's sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increase prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality, AP reported. Which impacts will be felt by consumers and workers first? And what can households do in the face of so much uncertainty? Here's what you need to know: Which consumer goods will be affected? The tariffs announced by Trump Wednesday, on top of other levies that are already in effect, tax imports from nearly all of America's trading partners. And U.S. shoppers currently rely on a lot of goods made abroad, as per a report.

The worldwide sell-off for financial markets slammed into a higher, scarier gear

Is Trump actually playing a strategic ‘chess’ game—and are we all just pawns? On April 2, Trump unveiled sweeping new tariffs on foreign imports, calling the day “Liberation Day” for American industry. The move includes a 25% tariff on all foreign-made cars and a baseline 10% tariff on imports from every country not part of the USMCA trade deal—leaving the EU, UK, and others scrambling to respond. China, of course, fired back with a 34% tariff on U.S. goods. But as the political fallout begins to swirl, a viral social media theory is giving the chaos a dramatic twist.

Indian seafood exports will face significant pressure following the imposition of the US reciprocal tariffs, according to a study by the industry body FICCI. India's exports of fish, meat, and processed seafood are valued at US USD 2.58 billion with six product categories--Frozen Shrimp, Frozen Fish, Fish Meal and Fish Feed, Frozen Squid, Surimi & Analogue Products, and Frozen Cuttlefish--accounting for 94 per cent of total export value. US is India's largest seafood export market, holding a 34.5 per cent share of total export value. Frozen shrimp dominates, contributing 91.9 per cent of the export value (USD 2.34 billion) and 90.4 per cent of the volume (2.97 lakh tonnes). «Indian seafood exports will face significant pressure following the imposition of the US reciprocal tariffs,» the study said. India competes with countries like Canada, Ecuador, Indonesia and Vietnam in these categories. Other Latin American countries also compete in the market.

US stock market has slipped into its worst crisis since Covid as bear market fear sets in Wall Street investors. Nasdaq composite dropped 5.8 per cent, Dow Jones Industrial Average plunged 5.5 per cent, and S&P 500 fell 6 per cent. The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week. Not even a better-than-expected report on the U.S. job market was enough to stop worries about the escalating trade war possibly causing a recession. The head of the Federal Reserve also warned about how tariffs can push up on inflation. On Friday, S&P 500 fell 322.44 points to 5,074.08, Dow Jones Industrial Average dropped 2,231.07 points to 38,314.86, and Nasdaq composite sank 962.82 points to 15,587.79. Russell 2000 index of smaller companies fell 83.51 points, or 4.4 per cent, to 1,827.03. For the week, S&P 500 is down 506.86 points, or 9.1 per cent, Dow is down 3,269.04 points, or 7.9 per cent, Nasdaq is down 1,735.20 points, or 10 per cent, and Russell 2000 is down 196.24 points, or 9.7 per cent. For the year, S&P 500 is down 807.55 points, or 13.7 per cent, Dow is down 4,229.36 points, or 9.9 per cent, Nasdaq is down 3,723.01 points, or 19.3 per cent, and Russell 2000 is down 403.13 points, or 18.1 per cent.

Among those ousted were its director, Dr. John Howard, who had been in the job through three previous presidential administrations, AP reported. The layoffs are stalling — and perhaps ending — many programmes, including a firefighter cancer registry and a lab that is key to certifying respirators for many industries, as per the report. The cuts are «a very pointed attack on workers in this country», said Micah Niemeier-Walsh, vice president of the union local representing NIOSH employees in Cincinnati. Unions that represent miners, nurses, flight attendants and other professions have criticized the cuts, saying it will slow the identification and prevention of workplace dangers. Rallies in Cincinnati and other cities drew not only fired CDC employees but also members of unions representing teachers, postal workers and bricklayers, Niemeier-Walsh said.

Trump's move on Wednesday to place stiff new tariffs on imports from nearly all U.S. trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans. It was the realization of his four decades of advocacy for a protectionist foreign policy and the belief that free trade was forcing the United States into decline as its economy shifted from manufacturing to services. The tariff announcement was the latest and perhaps boldest manifestation of Trump's second-term freedom to lead with his instincts after feeling his first turn in the Oval Office was restrained by aides who did not share his worldview. How it shakes out could be a defining judgment on his presidency. The early reviews have been worrisome. Financial markets had their worst week since the onset of the COVID-19 pandemic, foreign trade partners retaliated and economists warned that the import taxes may boost inflation and potentially send the U.S. into a recession. It's now Republican lawmakers who are fretting about their party's future while Democrats feel newly buoyant over what they see as Trump's overreach.

Donald Trump ramps up trade tariffs on nations worldwide. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump's tariffs, the business newspaper said, without citing the source of its information. The Japanese automaker's Rogue SUV, a key model in the U.S. market, is now produced in Fukuoka and the United States, the report said. On Thursday, Nissan said it would not take new orders from the U.S. for two Mexican-built Infiniti SUVs after earlier Trump tariff announcements, marking, a drastic scale-back of its operations at a joint venture plant. The automaker now plans to maintain two shifts of production of the Rogue at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month.

Real Estate Investment Trusts (REITs) are becoming an essential part of diversified investment strategies in today's fast-changing financial landscape. As the property market evolves, REITs offer a way to benefit from real estate returns without the hassle of direct property ownership. The appeal of REITs lies in the stability and growth of the Indian real estate sector. REITs have delivered competitive returns, with consistent rental yields and potential for capital appreciation. Collectively, these REITs distributed ₹4,259 crores in the first nine months of FY25, marking a 15% YoY growth from ₹3,706 crores in 9M FY24 (Source: Indian REITs Association Data). This makes them a compelling choice, positioned between traditional fixed-income investments and full equity exposure, offering portfolio balance to investors.

tariff rate of 10% on countries across the globe, big and small. From the imposed reciprocal tariff rates, Asia and Europe on the higher end of the tariff scale. In Asia, the highest rate of reciprocal tariff is on Cambodia and Vietnam. India faces reciprocal tariffs of 27% while China faces reciprocal tariffs of 34%. Indonesia and Taiwan are facing higher tariffs than India at 32%. Mexico and Canada are exempted from new tariffs, while the previously announced 25% tariff on autos is to take effect from April 3, 2025. Reciprocal tariffs to the equivalent of ~50% of combined estimated rate of tariff and non-tariff barriers faced by US exports in the respective countries have been announced. A retaliation might put the global economy in a trade war. The efforts to reach a bilateral agreement between India-USA provides hope and scope to limit the impact of these reciprocal tariffs levied on India.

While some items may seem niche or indulgent, they’re part of daily routines and cultural habits that touch millions of households. And the costs are set to climb.

Samajwadi Party chief Akhilesh Yadav on Saturday said it is very important to pay attention to the slump of India's markets as common people are losing their money and this could cause the economy to sink. In a post on X in Hindi, the former Uttar Pradesh chief minister held the central government responsible for this «double vicious circle» of the economy. Indian markets plunged on Friday after US President Donald Trump announced sweeping reciprocal tariffs, including 27 per cent on India, to reduce the trade deficit and boost domestic manufacturing. «It is very important to pay attention to the loss of millions of crores in the country's stock market because the savings and capital of the common people, who have some extra money to invest and with which they buy goods or services and vehicles and land, is being lost. »These are the things that keep the wheel of buying and selling moving in the market and also the economy. If the money of the common people is lost in the stock market, then both the market and the economy sink," Yadav said in his post. Investors' wealth dropped by Rs 10 lakh crore on Friday as the BSE Sensex slumped over 900 points to crash below the 76,000 level due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears.