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Stock Market LIVE: GIFT Nifty muted; Asia mixed; China Q2 GDP, Q1 nos. eyed
7:09 AM
Stock Market LIVE Updates: Temasek's India exposure hits $50 bn, eyes $3-4 bn annual investments
Stock Market LIVE Updates: Temasek Holdings, the Singapore government-owned investment firm, has increased its exposure to India to more than $50 billion as of March this year, up from $37 billion a year earlier, reinforcing its confidence in the country's long-term economic trajectory.
The investment firm plans to deploy $3 billion-4 billion annually in India, a senior executive said in an interview with Business Standard.
'We are long-term investors,' said Ravi Lambah, head of India and strategic initiatives, here on Monday. READ MORE
7:04 AM
Stock Market LIVE Updates: President Donald Trump on Monday threatened to impose 'secondary tariffs' on Russia's trade partners 'at about 100 per cent' if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.
'We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about 100 per cent, they call them secondary tariffs,' Trump said from the White House while meeting with NATO's secretary general, Mark Rutte.
The president said that he is 'disappointed' with Putin, because he thought they would have had a deal months ago.
If a ceasefire deal is not reached by September, said Trump, 'we're going to be doing secondary tariffs.'
Trump also announced Monday that the United States would send 'billions of dollars worth of military equipment' purchased from American companies, paid for by European countries and delivered to NATO allies to be sent on to Ukraine.
Trump's announcement — coupled with the secondary tariff threat against Russia — marks a shift in the president's support for Ukraine, and underscores his growing frustration with the Russian leader.
7:03 AM
Stock Market LIVE Updates: Electric two-wheeler firms in talks with govt for localisation relief
Stock Market LIVE Updates: Electric two-wheeler (e2W) firms have approached the Ministry of Heavy Industries (MHI), seeking exemptions from including
electric motors in the localisation calculations under the production-linked incentive (PLI) scheme for automobile and auto components — and from the phased manufacturing programme (PMP) localisation requirement for subsidy eligibility under the PM Electric Drive Revolution in Innovative Vehicle Enhancement scheme.
In a meeting with the MHI, 2W companies told the government that their stock of rare earth magnets is dwindling, leaving them with no option but to import electric motors — already fitted with rare earth magnets — directly from China. Earlier, many companies would import the magnets from China and assemble the motors locally. READ MORE
7:02 AM
Stock Market LIVE Updates: India-US trade talks moving fast as fresh deadline nears: Piyush Goyal
Stock Market LIVE Updates: Commerce and Industry Minister Piyush Goyal on Monday said that talks between India and the United States (US) are progressing rapidly, at a time when negotiators from New Delhi have arrived in Washington for a week-long round of intense discussions.
'Trade talks between the two nations are going at a fast pace, in the spirit of mutual cooperation, so that we can come out with a win-win agreement,' Goyal said.
A team of officials headed by Chief Negotiator and Commerce Department Special Secretary Rajesh Agrawal are back in Washington—less than two weeks after the conclusion of the previous round of talks. Thereafter, the US administration extended the deadline for the imposition of country-specific reciprocal tariffs by three weeks to 31 July. READ MORE
6:59 AM
Stock Market LIVE Updates: US markets end higher on Monday
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