Foreign investors withdrew Rs 10,355 crore from India's equity markets in the last four trading sessions this month due to the US imposing sweeping tariffs, including on India. This outflow followed a significant net investment of Rs 30,927 crore during the six trading sessions from March 21 to March 28.
Economists predict the RBI will lower interest rates by 25 basis points during its three-day monetary policy meeting. Falling inflation, easing growth, and lower crude oil prices are creating room for this move. Additionally, a shift towards an 'accommodative' policy stance is expected.
Jaguar Land Rover is pausing shipments to the US in response to a new 25% tariff on vehicle imports imposed by the Trump administration. The company is reassessing its trading strategies to adapt to the new tariffs. In the past year, nearly a quarter of JLR's 430,000 vehicle sales were in North America.
Commerce and Industry minister Piyush Goyal has announced that a significant part of the Rs 10,000 crore second fund of funds for startups will support seed funding of smaller players to drive deep-tech innovation. Sidbi, a government financial institution, will administer this fund with a Rs 2,000 crore allocation for the year.
To counter Donald Trump's reciprocal tariffs, Indian companies, including Apple, significantly boosted goods exports to the US, close to last year's $437 billion target. Sectors like electronics, gems, and apparel saw a marked increase in shipments. India's total goods and services exports reached an estimated $800 billion for the fiscal year, with hopes of reduced uncertainty ahead.
Delhivery is acquiring Ecom Express for ₹1,407 crore in an all-cash deal, marking a significant consolidation in the logistics sector. This move follows challenges faced by Ecom Express, which had to stall its public listing plans and lay off hundreds of employees.
Dalal Street saw a significant decline as the escalating trade war caused investor sentiment to fall. US tariffs led to a 34% retaliatory tariff by China, resulting in a sharp decrease in sensex and Nifty, with intense selling affecting auto, metal, and pharma stocks.
Oil prices hit their lowest since mid-2021, influenced by China's tariff retaliation against the US and OPEC+'s decision to increase production. This decline offers India an opportunity to lower fuel prices, easing inflationary pressures and reducing import costs. Lower fuel costs could benefit the economy and households.
Global stock markets continued their steep decline as China retaliated against US tariffs, escalating fears of a prolonged trade war. The Dow Jones tumbled, with significant losses for tech companies like Apple and Tesla. Concerns about a potential recession grew, despite positive US job growth. Investors remain anxious about long-term economic impacts.
Aditya Birla Group's UltraTech Cement is set to acquire Wonder Cement's white cement business for Rs 235 crore. This acquisition will enhance UltraTech's production capacity, leveraging Wonder Cement's strategically located plant and booming turnover in the competitive putty manufacturing market.
US President Donald Trump announced new reciprocal tariffs to counter high duties charged on US goods by foreign countries. With tariffs on countries like China, India, and the EU, the move aims to rebalance trade.
Ratan Tata, who passed away in October 2024, left nearly Rs 3.5 crore for his house helps and office staff, waived off their loans, and ensured his belongings benefited the underprivileged. He bequeathed substantial amounts to his long-time cook, butler, and driver, canceled loans, and directed funds for his executors and domestic servants.
The Indian government is closely monitoring the US reciprocal tariffs, which are expected to impact exports and demand. Trade experts anticipate higher duties on Indian goods, including agricultural products, to be a strategic move by the US in bilateral talks. India plans to push forward with trade negotiations to counter the tariff impacts.Foreign investors withdrew Rs 10,355 crore from India's equity markets in the last four trading sessions this month due to the US imposi...
