Fuel supply from Nayara Energy’s Vadinar refinery has been severely disrupted after shipowners, wary of European Union sanctions, stopped lifting products from the facility, forcing the Rosneft-backed company to seek government help to arrange alternate shipping support.Nayara, which used vessels to supply petrol and diesel to consumption hubs along India’s west coast and as far…
India’s merchandise imports are set to grow at more than double the pace of exports in the current financial year, according to the Reserve Bank of India’s latest economic outlook.The central bank released the Survey of Professional Forecasters on Macroeconomic Indicators (95th Round) on Wednesday.According to the apex bank’s findings, “Merchandise exports and imports are…
The Chamber of Trade and Industry (CTI) has voiced concerns over the US’s latest decision to impose an additional 25% tariff on Indian goods, taking the total duty to 50%. The body warned of serious consequences for India’s export driven businesses.CTI chairman Brijesh Goyal wrote to PM Narendra Modi, calling for immediate and strategic action,…
India is the world’s third-largest oil consumer, and has significantly stepped up its procurement of Russian crude oil. (AI image) US President Donald Trump, through his 25% additional tariffs on India for its Russia crude oil trade, wants to put pressure on Vladimir Putin to end the war with Ukraine – feel experts. But with…
US President Donald Trump’s sweeping “reciprocal” tariffs officially came into effect just after midnight on Thursday, hitting exports from over 60 countries and the European Union with higher import duties.The move marks a significant escalation in Trump’s aggressive trade policy, aimed at penalising nations he claims have taken “unfair advantage of the US.” “IT’S MIDNIGHT!!!…
The recent hike in US tariffs on Indian imports could severely impact labour-intensive and manufacturing sectors in India, posing a risk to the country’s economic growth if the 50% duty continues, experts warned.They said the steep tariffs not only risk slowing exports and investment but also add pressure on the rupee, raising concerns for the…
US President Donald Trump on Wednesday announced a steep 100% tariff on imported computer chips and semiconductors, a move that could lead to higher prices for electronics, cars, appliances, and other tech-driven products.Speaking at the Oval Office alongside Apple CEO Tim Cook, Trump said, “We’ll be putting a tariff of approximately 100% on chips and…
Donald Trump has declared the implementation of a ‘secondary tariff’ on Indian imports to the US. (AI image) US President Donald Trump has announced a secondary or additional tariff on India for its crude oil trade with Russia. During his second presidential term, Donald Trump has wielded tariffs extensively to achieve various objectives: from enhancing…
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…
