Operation Kalanemi: Police nab 82 fake saints during Char Dham, Kanwar Yatra in Uttarakhand
Tesla debuts in India with first showroom at Mumbai's BKC, Model Y priced at ₹60-68 lakh
Tesla debuts in India with first showroom at Mumbai's BKC, Model Y priced at ₹60-68 lakh
Spanish PM Pedro Sanchez arrives in India to inaugurate Tata-Airbus Aircraft plant with PM Modi
PM Modi, Andhra CM Chandrababu Naidu and DY CM Pawan Kalyan hold mega road show in Visakhapatnam
PM Modi flags off first 'Make in India' Locomotive export to Guinea from Marhowrah Factory
PM Modi flags off first 'Make in India' Locomotive export to Guinea from Marhowrah Factory
Modi receives ceremonial welcome in Brunei; Indian Diaspora welcomes PM with pride and enthusiasm
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Time of India
6 minutes ago
- Time of India
Foreign outflows, weak macro signals to keep investors on edge
Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday. Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump's new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Indian benchmark indices ended lower on Thursday after swinging between gains and losses as investors weighed the impact of US President Donald Trump's unexpected announcement imposing 25% tariffs on Indian exports to the US from August Nifty fell 86.7 points, or 0.35%, to close at 24,768.35. BSE's Sensex declined 296.28 points, or 0.36%, to end at 81,185.58. Both indices had declined nearly 1% in early hours of trading. The Nifty 50 was up 0.4% intraday, before ending the day lower."Despite the movement, there is no sign of panic among traders, as further escalation appears unlikely," said Amit Khurana, head of equities at Dolat Capital Volatility Index or VIX - popularly known as the fear gauge of the market - gained 3% to end at 11.54 levels, indicating heightened caution among rebound is likely to face hurdles in the absence of limited positive triggers, said Sriram Velayudhan, senior vice president, IIFL Capital Services "Rallies in the short term may face resistance around the 25,100-25,200 levels," he said. " Investor sentiment will remain cautious owing to headwinds like weak earnings, depreciating rupee, uncertainty around trade agreement and foreign outflows."The broad market indices also fell, with Nifty Midcap 150 dropping 0.8% and Nifty Small-cap 250 declining 0.9%. Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday.
Hindustan Times
6 minutes ago
- Hindustan Times
BJP, Congress trade barbs as Rahul says economy is dead
Leader of the Opposition in the Lok Sabha Rahul Gandhi's claim on Thursday that mirrored US president Donald Trump's statement that the Indian economy is 'dead ' triggered a war of words with the ruling BJP, which said that the world recognizes India's achievements even as Gandhi tried to run it down. BJP, Congress trade barbs as Rahul says economy is dead 'Yes, he (Trump) is right, Everybody knows this except the Prime Minister and the Finance Minister. Everybody knows that the Indian economy is a dead economy. I am glad that President Trump has stated a fact... The entire world knows that the Indian economy is a dead economy...,' Gandhi told journalists outside Parliament. Later on, in a post on X , he listed his criteria for his view on the state of the Indian economy. Trump's overnight comments were made in the context of India and Russia's bilateral trade. After imposing a 25% tariff on Indian exports to the US and an additional penalty for buying Russian oil, Trump said on Truth Social: 'I don't care what India does with Russia. They can take their dead economies down together, for all I care…' . He also alleged that tariffs in India are 'too high' and 'among the highest in the world'. Union Culture and Tourism Minister Gajendra Singh Shekhawat slammed Gandhi for his comments. 'Contrary to your political career, Rahul Gandhi, India's economy is not dead — it is fully alive and moving forward with strong momentum,' he said. In his statement, Shekhawat said that during the tenure of the United Progressive Alliance (UPA) government India was counted among the 'Fragile Five' countries, and today India is now counted among the 'Robust Five'. 'India's economy is not only setting new standards of stability and growth, but it is also firmly moving towards becoming the world's third-largest economy,' he added. Sambit Patra, a Lok Sabha lawmaker of the BJP, said on X, 'Rahul Gandhi has crossed all limits—publicly endorsing Donald Trump's slur that India is a 'dead economy'. Whose side is he really on?' 'While the world recognises India's aspiration, achievement, and wellbeing, Rahul Gandhi seems intent on running it down. IMF just upgraded India's growth forecast: 6.9% for 2025, the fastest among major economies.. World Bank calls India the 'standout growth story' of the decade. Inflation is at a 6-year low. PMI is at a 17.5-year high. Rahul Gandhi is attempting to chip away at India's collective spirit of its ambition & achievements but he's simply out of sync with a nation chasing its dreams with determination. Shameful!!' Patra said. While no other senior Congress leader commented on Trump's statement, party leader Jairam Ramesh said that the Indian economy has never really recovered from the twin shocks of a 'bizarre demonetisation' and a fundamentally flawed 'GST' (goods andservices tax) . 'The growth rate of the Indian economy will simply not accelerate with current levels of private corporate investment and current levels of private consumption. The Modi government's own policies are responsible for this twin deficit,' he said Congress MP Rajiv Shukla, however, took a different position and told the media, 'It is incorrect for Trump to say that the Indian economy is dead.' Shukla added that economic reforms were ushered in by the Narsimha Rao government and the UPA government and the current government has taken more steps. 'In no way, our economy is weak,' he said Parliamentary affairs minister Kiren Rijiju cited Shukla's comment and said on X, 'Now, a senior Congress leader Rajiv Shukla ji is also speaking in our country's favour! Indian economy will never be dead.' Calling the Leader of the Opposition , or LoP, an 'LoB' -- 'Leader Opposing Bharat'-- former Union minister and BJP MP Anurag Thakur said, 'Rahul Gandhi's job is only to oppose India. Anyone from around the world makes an anti-India statement, Rahul catches hold of it and starts speaking without thinking... The most popular leader in the world is PM Modi. Perhaps this is what Rahul Gandhi cannot digest, because he has only seen the 'lost decade of opportunities'. In Rahul Gandhi's language, the 'dead decade of opportunities'...'
Hindustan Times
6 minutes ago
- Hindustan Times
Trump increases tariff on Canada to 35% from 25%
U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said. US President Donald Trump announced a 25 per cent, plus a penalty, on Indian goods on Wednesday. (AP) Goods transshipped to another country to evade the new tariffs will be subject to a transshipment levy of 40%, according to a White House fact sheet. The increased tariff, which the White House said was the result of Canada's "continued inaction and retaliation," comes after Trump told reporters that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place. Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to higher tariffs imposed on goods. "We haven't spoken to Canada today. He's (Carney) called and we'll, we'll see," Trump told reporters during an event at the White House before the 35% rate was announced. Carney's office did not immediately respond to a request for comment. The Canadian leader previously said trade talks with Washington had been constructive, but the talks may not conclude by the deadline. Talks between the two countries were at an intense phase, he added, but a deal that would remove all U.S. tariffs was unlikely. Earlier on Thursday, Trump said it would be "very hard" for the U.S. and Canada to strike a deal after Ottawa moved toward recognizing Palestinian statehood. He said later on Thursday, however, that he did not view the move as "a deal breaker" in trade talks. "Well, they have to pay a fair rate - that's all. It's very simple. They have been charging very, very high tariffs to our farmers, some over 200% and they've been treating our farmers very badly," Trump said when asked about negotiations. He added that while he loves Canada, it has treated the United States "very badly" for years. U.S. Commerce Secretary Howard Lutnick said Trump could reconsider the tariff if Carney 'starts turning on the charm and if he takes off his retaliation.'
