By Ananta Agarwal and Rishika Sadam (Reuters) -Indian pharmaceutical stocks fell 2% on Friday after U.S. President Donald Trump announced a 100% tariff on imports of branded and patented drugs, effective Oct. 1. The U.S. is India’s largest market for pharmaceutical exports, accounting for over a third of the total volume, mostly of cheaper generic …
(Reuters) -U.S. customs officials said on Thursday they were investigating whether Indian solar company Waaree Energies sidestepped U.S. tariffs on Chinese-made cells and panels by labeling them as made in India. Waaree has co-operated with the U.S. investigations in the past and will continue to co-operate in ongoing investigation, it said in an exchange filing …
US probes India’s Waaree Energies for possible evasion of solar tariffs Read More »
By Aditi Shah NEW DELHI (Reuters) -India has proposed relaxing stringent fuel efficiency norms for small cars, according to a draft of the new rules made public late on Thursday, sending shares of small carmaker Maruti Suzuki to a record high. Under current Corporate Average Fuel Efficiency norms, the quantity of permissible carbon dioxide emissions …
India proposes relaxing fuel efficiency norms for small cars boosting Suzuki shares Read More »
By Praveen Paramasivam CHENNAI -India’s Hatsun Agro expects to grow its revenues by about 15% in the current fiscal year, its chairman said on Thursday, as the dairy group prepares to launch protein-based products to leverage rising demand and recent tax cuts. Asia’s third-largest economy reduced consumption taxes on hundreds of household goods earlier this …
Indian dairy group Hatsun Agro bets on tax, protein boost to sales Read More »
(Reuters) -Shares of India’s Waaree Energies fell 4.5% to 3,288.9 rupees on Friday after U.S. customs officials said they were investigating if the solar panels maker sidestepped tariffs on Chinese-made cells and panels by labeling them as made in India. The U.S. Customs and Border Protection said in a memo on Friday that there was …
India’s Waaree Energies plunges on US probe into suspected solar tariff evasion Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold pared earlier gains on Thursday after U.S. weekly jobless claims unexpectedly declined, while investors awaited key inflation data that could shape the Federal Reserve’s next interest rate moves. Spot gold was up 0.1% at $3,739.42 per ounce, as of 01:41 p.m. EDT (1741 GMT) after rising as much …
Gold pares gains as weekly jobless claims fall, investors eye key inflation report Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee traded in a narrow range on Thursday and closed nearly flat, with likely central bank intervention staving off the pressure from weak equities and foreign outflows. The rupee closed at 88.6650 against the U.S. dollar, nearly unchanged from its previous close at 88.69. The RBI most …
Rupee ends flat as likely RBI intervention blunts drag from weak stocks Read More »
By Helen Reid and Greta Rosen Fondahn STOCKHOLM (Reuters) -Fashion retailer H&M is seeking to expand in emerging markets such as Brazil and India, its CEO said on Thursday, as consumer spending weakens in Europe, its core region, and U.S. tariffs weigh on demand in its second-largest market. The push into new territories is part …
H&M targets Brazil and India as US, European spending slows Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India purchased 300,000 metric tons of soyoil from Argentina during Tuesday and Wednesday, the largest ever purchase in a two-day period, dealers said, taking advantage of Buenos Aires’ move to scrap export taxes on soybeans and other food products. The aggressive purchases will help Argentina cut its soyoil stocks, but …
By Shivam Patel and Hritam Mukherjee NEW DELHI (Reuters) -India signed a deal worth 623.70 billion rupees ($7.03 billion) on Thursday to buy indigenous fighter aircraft from state warplane maker Hindustan Aeronautics Ltd (HAL) in the effort to modernise its armed forces. The acquisition comes in the face of the growing military strength and influence …
India signs $7 billion deal for homegrown Tejas fighter jets Read More »
