Trade Financial News
01.04 / 14:21
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Elon Musk’s megadeal between X and xAI breaks Wall Street’s rulebook
Subscribe to enjoy similar stories. Elon Musk struck what could be considered the biggest deal of the year, and he broke all the normal rules. Musk’s splashy merger of the social-media company X and his artificial-intelligence startup xAI values the combined company at over $110 billion.
01.04 / 13:33
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Why govt’s Vodafone Idea stake will hasten telecom tariff hikes
Subscribe to enjoy similar stories. On Saturday, the government converted ₹36,950 crore overdue spectrum charges from Vodafone Idea Ltd into equity, becoming the biggest shareholder in India’s third-largest telecom operator with a 49% stake. The original promoters of Vi, Aditya Birla group and British telecom company Vodafone Plc., will own a 25.7% minority stake but will continue to be classified as its promoters.
01.04 / 12:59
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Waters
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rights
Suffering from success: Can Reliance’s Campa keep up with demand?
Subscribe to enjoy similar stories. Mumbai: In 1983, a teenaged Salman Khan boarded a yacht off the Andaman Islands with a group of young, happening folks and a red icebox filled with chilled glass bottles of Campa Cola. They pitch tents on a pristine beach, chanting ‘Campa Cola’ to an electric guitar.
01.04 / 12:47
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Wall Street giants hike recession risk expectations amid impending Trump tariffs
President Donald Trump is expected to unveil sweeping tariffs on major trading partners on Wednesday (2 April) in what he is calling ‘Liberation Day', with the president warning reporters last week that tariff plans «would start with all countries, so let us see what happens». Goldman Sachs economists Ronnie Walker, Alec Phillips and David Mericle have consequently hiked the 12-month recession probability to 35%, up from their previous 20% estimate. The Big Question: Can Donald Trump's stance on tariffs work alongside US stock market growth? According to the Goldman trio, their p...
01.04 / 12:09
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You can now gift securities online. Here's how.
Some brokers now allow investors to gift securities to family and friends online, directly from their demat account. You can use this to easily gift shares, bonds, exchange traded funds and even mutual funds held in your demat account.
01.04 / 10:37
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2020
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Trump's tariff threat is turning two of the world's biggest foes into friends
“We are willing to work with the Indian side to strengthen practical cooperation in trade and other areas, and to import more Indian products that are well-suited to the Chinese market,” the ambassador to India was quoted as saying by China’s state-run Global Times, in a story posted Monday. Bilateral trade between the neighbors stood at $101.7 billion in 2023-24, according to India’s trade ministry, with India running a significant deficit. India’s main exports include petroleum oil, iron ore, marine products and vegetable oil, amounting to $16.6 billion, according to the government figures. The envoy’s remarks were to mark the 75th anniversary of the diplomatic ties. US President Donald Trump, who is set to roll out reciprocal tariffs Wednesday on countries around the world, has called out China and India for trade practices that he sees as unfair.
01.04 / 10:17
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The tariff timeline: How Trump 2.0 policy is reshaping global trade
Subscribe to enjoy similar stories. When Donald Trump announced his bid for reelection in November 2022, the 45th President of the US relied on promises of sweeping reforms to win the American people over. Among these promised reforms was the idea of increasing tariffs.
01.04 / 10:17
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New US report flags ‘Make in India’, other Indian policies as trade barriers
Subscribe to enjoy similar stories. New Delhi: The US has once again raised objections to India’s trade policies, including key initiatives meant to support local manufacturing, casting a shadow on ongoing negotiations between the two nations for a bilateral trade agreement.
01.04 / 10:17
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Gold set for best quarter since Chernobyl. Miners are doing even better.
Subscribe to enjoy similar stories. Gold’s latest quarterly gains now seriously rival the rise seen in 1986, the year of the Chernobyl disaster. The comparison is powerful, yet it pales against the performance of gold miners, which could keep gaining, acording to Wall Street analysts.
01.04 / 09:11
markets
Digital
Apple
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reports
US raises concerns at India’s high duties, IPR regime
In its 2025 National Trade Estimate (NTE) report, the US Trade Representative raised concerns on India’s opaque and unpredictable quantitative restrictions, patent regime and digital trade barriers such as data storage requirements. Most of the issues are repeat of the earlier reports while those such as equalisation levy and WTO disputes, which are already resolved, continue to be mentioned in the report, experts said. Also Read: India is going to drop tariffs: Trump hints at ‘Liberation Day’ trade victory a day before April 2 deadline It also criticized India’s strict import licensing for remanufactured goods and medical devices. In 2024, India stopped issuing licenses for refurbished American medical devices, affecting exports. While Washington sees this as unnecessary red tape, India worries that relaxing the rules could lead to a flood of secondhand or low-quality products that might harm consumers and hurt local industries.
01.04 / 09:11
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EU has 'strong plan' to hit back at US tariffs if needed, EU chief says
European Union has a «strong plan» to retaliate against tariffs imposed, and set to be imposed, by U.S. President Donald Trump, although it would prefer to negotiate a solution, EU executive chief Ursula von der Leyen said on Tuesday. The Trump administration put in place tariffs on imported steel and aluminium in March and higher duties on cars will take effect on Thursday. Trump will also set out plans for «reciprocal tariffs» on Wednesday. Von der Leyen said she understood U.S. arguments that others had taken advantage of global trade rules, adding the EU had suffered too. She also said she understood the U.S. wanted to re-industrialise, as does the EU. However, she said U.S. tariffs were taxes on its consumers that would fuel inflation and make American factories pay more for components, costing jobs. «Our objective is a negotiated solution. But of course, if need be, we will protect our interests, our people, and our companies,» von der Leyen said in a speech to the European Parliament in Strasbourg.
01.04 / 09:11
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Diversity
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India, Chile decide to start talks on comprehensive trade pact
India and Chile on Tuesday decided to start negotiations on a mutually beneficial comprehensive economic partnership agreement as Prime Minister Narendra Modi hosted Chilean President Gabriel Boric Font for wide-ranging talks focusing on boosting bilateral ties in diverse areas. Boric is on a five-day state visit to India to explore ways to shore up bilateral cooperation in a number of areas, including trade and defence. «Today, we have directed our teams to begin discussions on a mutually beneficial comprehensive economic partnership agreement,» Modi said in his media statement after the talks. Partnership in the field of critical minerals will be explored, he said. The prime minister said work will also be done to establish resilient supply and value chains.
01.04 / 09:07
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IPO
Manufacturing
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Jain Resource Recycling files draft papers for Rs 2,000-cr IPO
IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 1,500 crore, according to the Draft Red Herring Prospectus (DRHP) filed on March 30. The OFS comprises sale of shares worth Rs 1,430 crore by promoter Kamlesh Jain and Rs 70 crore by shareholder Mayank Pareek.
01.04 / 06:43
Digital
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Vivek Kaul: Fast thinking is the great enabler of digital fraud
Subscribe to enjoy similar stories. If you are the kind who reads the inside pages of newspapers, you may have noticed a surge in fraudulent digital arrests, WhatsApp money transfer scams, online Ponzi schemes, deepfake videos of famous people recommending some fraudulent investment and investors losing money on financial derivatives. The digital system as it has evolved is at the heart of such things.
01.04 / 06:43
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The Great Escape: As investors abandon US for greener pastures, Indian stocks stand to benefit
Subscribe to enjoy similar stories. US equity indices have been in the red for the past month as recession fears take centre-stage. Add to that the US President’s steep spending cuts and tariff hikes and it’s no wonder investors are getting jittery, preferring to shift their stock bets to other countries.
01.04 / 05:39
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Sensex falls! These stocks are down 5% or more on BSE
On the BSE, Punjab Sind Bank(down 18.96 per cent), Ashiana Ispat(down 14.34 per cent), Kay Power & Paper(down 14.11 per cent), Abhinav Leasing(down 11.87 per cent) and Veer Global Infraconstruction(down 9.96 per cent) were among the stocks that plunged over 5 per cent during the session.
01.04 / 05:39
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Stock market update: Fertilisers stocks up as market falls
Khaitan Chemicals & Fertilizers Ltd.(up 5.47%), Rama Phosphates Ltd.(up 4.22%), Paradeep Phosphates Ltd.(up 3.88%), Krishana Phoschem Ltd.(up 3.62%), Agro Phos India Ltd.(up 3.18%), Madras Fertilizers Ltd.(up 3.02%), Southern Petrochemicals Industries Corporation Ltd.(up 2.25%), Zuari Agro Chemicals Ltd.(up 2.23%), Madhya Bharat Agro Products Ltd.(up 2.18%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.92%) were among the top gainers.
01.04 / 05:39
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Stocks to buy today: Axis Bank, BEL among top 5 trading ideas for 1 April 2025
Indian market is likely to trade lower on Tuesday, tracking muted global cues. The Nifty future closed negative with losses of 0.57% at 23,643 levels on Friday.
01.04 / 05:39
01.04 / 04:39
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Cycling
Trump’s Russian oil threat pushes India to seek alternatives
Donald Trump’s threat of more penalties against Russia raised concerns over potential disruptions to oil flows. State-owned Bharat Petroleum Corp. and Hindustan Petroleum Corp. are seeking additional supplies for May arrival from regions such as the Middle East, North Sea and Mediterranean, said people familiar with the matter. The trading cycle for barrels delivered next month is typically concluded in early March. On Sunday, Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine. The comments drove benchmark futures higher, with West Texas Intermediate surging 3.1% on Monday, the biggest gain in almost 11 weeks.
01.04 / 04:39
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Citi
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Bengaluru property owners, get ready to pay a 'fee' to BBMP for solid waste management
The Solid Waste Management fee will be determined by the built-up area of residential properties, as per ANI. For properties up to 600 sq ft, resident owners will pay Rs 10 per month; from 600–1,000 sq ft one will have to pay Rs 50 per month; Rs 150 per month for built up area of 2,000–3,000 sq ft; Rs 200 per month from 3,000–4,000 sq ft; and finally Rs 400 per month above 4,000 sq ft. The plans were announced in the municipal body's budget on Saturday, which proposed to collect a solid waste management user fee along with property tax from the year 2025-26. Prepared under the «Brand Bengaluru» concept, the BBMP budget has an outlay of about Rs 19,930 crore, an almost 50 per cent increase from the previous fiscal year.
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