This a representative AI image US President Donald Trump’s decision to double tariffs on Indian imports to 50% has alarmed the Indian gem and jewellery industry, which is now looking at setting up manufacturing units in low-tariff countries like UAE and Mexico to continue exporting to the US.Calling the move a “doomsday” for the sector,…
Trump tariff impact: Market experts caution that export-oriented stocks may face significant pressure, with uncertainty likely to continue for several months. (AI image) The stock markets are in a wait-and-watch mode over US President Donald Trump’s tariff moves on India. Trump on Wednesday announced a 25$ additional tariff rate on India for its crude oil…
The Indian rupee edged up by 5 paise to 87.67 against the US dollar in early trade on Thursday, trading in a tight range.At the interbank foreign exchange, the rupee opened at 87.69 and strengthened slightly to 87.67, up from Wednesday’s close of 87.72. The previous day had seen the rupee rebound 16 paise from…
Gold rate today: The yellow metal approached the significant $3400 mark. (AI image) Gold rate today: Gold prices increased on Thursday due to heightened safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, intensifying trade tensions between the two economies.The spot gold price advanced 0.3% to $3,378.18 per ounce…
TCS CHRO Milind Lakkad and CHRO Designate K Sudeep confirmed that the salary adjustments would take effect from September 1. TCS salary hike: Tata Consultancy Services (TCS), India’s largest IT services firm, has announced salary hikes for approximately 80% of its staff members. The salary hikes will mainly cover the IT giant’s junior and mid-level…
US President Donald Trump on Wednesday announced that the reciprocal tariffs would take effect at midnight, targeting countries he said have exploited the United States for years.In a series of posts on Truth Social, Trump said the tariffs would bring in billions of dollars, while once again attacking the US judicial system, warning that only…
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7,…
Reserve Bank of India (RBI) governor Sanjay Malhotra MUMBAI: Reserve Bank of India on Wednesday dismissed US President Donald Trump‘s comment that India is a “dead economy”, highlighting the country’s strong growth contribution to the world. “I am not the right person to react to the US President,” governor Sanjay Malhotra said, adding that India’s…
BENGALURU: Amid uncertainty over onboarding, lateral hires offered roles at TCS are now rethinking their resignations. Recently, TCS informed candidates that their onboarding would be contingent upon business requirements, leaving approximately 650 lateral hires in a state of uncertainty. These individuals, who possess varying levels of experience, were initially scheduled to join the company between…
MUMBAI: China’s Ant Group will exit Eternal (formerly Zomato) by selling its remaining 1.9% stake worth Rs 5,370 crore ($612 million) through one or more block deals on Thursday, term sheet of the deal showed. This will be the second startup exit for the Chinese firm this week after Paytm. Ant Group, an affiliate of…
