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Stock Market LIVE: GIFT Nifty up; Nikkei up 2.5% on US trade deal; Infosys, Paytm, Dixon Q1 eyed
6:55 AM
Stock Market LIVE Updates: Asian markets pops on US-Japan trade deal
Stock Market LIVE Updates: Asian markets pops on US-Japan trade deal
-- Nikkei up about 2.5 per cent
-- Topix up 2.51 per cent
-- ASX 200 jumps 0.42 per cent
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India.com
15 minutes ago
- India.com
France denounces US-European Union trade deal, French PM calls it..., Emmanuel Macron...
(Image: President Donald Trump shakes hands with European Commission chief Ursula von der Leyen in Turnberry. Pic: Reuters) New Delhi: France has criticized Sunday's, July 28 trade deal between US President Donald Trump and European Union (EU) President Ursula von der Leyen. French Prime Minister François Bayrou called it a dark day for the EU. What did France say over US-EU trade deal? François Bayrou said the EU had bowed to President Trump's increasing tariff pressure. He wrote on X: 'It is sad when a coalition of independent countries, formed to protect their common values and interests, buckles under pressure.' At the same time, French Minister of European Affairs Benjamin Haddad said that this situation is not good and the EU should take countermeasures. French Trade Minister Laurent Saint-Martin said, 'Trump only understands the language of power. If we should have taken countermeasures earlier, the deal might have been better.' However, French President Emmanuel Macron has remained silent on the matter. What is the response of Italy and Germany? German Chancellor Friedrich Mertz and Italian Prime Minister Giorgia Meloni welcomed the agreement. European Trade Commissioner Maros Sefcovic called it a 'big step' as it averted a trade war between the USA and Europe. Under the agreement, most goods going from Europe to the US will face a 15% tariff, three times the current 4.8%. However, the 30% tariff was avoided after Trump's threat of August 1. How much of Europe's goods will face 15% tariff? According to the details of the agreement, 70% of goods from Europe will be subject to 15% tariff. This includes cars, medicines and electronics. However, some agricultural products such as aircraft parts, some chemicals, semiconductor equipment and cork will not be subject to tariffs. There will be no tariff on drugs yet, and if there is one in the future, it will not be more than 15%. The EU will buy energy worth 750 billion dollars or about 64 lakh crore rupees from America in the next three years. Along with this, the EU will invest 600 billion dollars i.e. 51 lakh crore rupees in America.
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Business Standard
2 hours ago
- Business Standard
US smartphone market sees slow growth as India-made phones surge: Canalys
In response to tariffs, Apple earlier this year sought to make most of its iPhones sold in the United States at factories in India Reuters The United States smartphone market grew just 1 per cent in the second quarter as vendors front-loaded device inventories amid tariff concerns, while supply chain negotiations between China and the United States boosted shipments of Indian-made phones, research firm Canalys said on Monday. The imposition of US tariffs has prompted smartphone makers to reorganize their supply chains to avoid higher import costs and protect their margins. China, a major hub for electronics manufacturing, has been targeted by significant tariffs, pushing hardware makers to explore other Asian countries to maintain low production costs. In response to tariffs, Apple earlier this year sought to make most of its iPhones sold in the United States at factories in India. However, the move drew criticism from US President Donald Trump, who threatened additional tariffs on the Cupertino-based company if it did not produce domestically. "India became the leading manufacturing hub for smartphones sold in the US for the very first time in Q2 2025, largely driven by Apple's accelerated supply chain shift to India amid an uncertain trade landscape between the US and China," said Sanyam Chaurasia, Principal Analyst at Canalys. "The market only grew 1 per cent despite vendors front-loading inventory, indicating tepid demand in an increasingly pressured economic environment and a widening gap between sell-in and sell-through," said Runar Bjorhovde, Senior Analyst at Canalys. The share of US smartphone shipments assembled in China fell from 61 per cent in the second quarter of 2024 to 25 per cent in the second quarter of 2025. India picked up most of the decline, with Indian-made smartphone volume growing 240 per cent year-on-year. iPhone shipments declined by 11 per cent while Samsung shipments grew 38 per cent in the second quarter. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India.com
2 hours ago
- India.com
No India, China, America in the top 10, population of rich people is increasing rapidly in these countries, check full list
Countries with fastest-growing millionaire populations- AI image for representation Countries with fastest-growing millionaire populations: Do you know which are the countries who have the fastest-growing millionaire populations. Is it the US, Or China or India? No! While global economic giants like the United States, China, and India often dominate economic milestone discussions across the world, they are not the top countries in the list of fastest-growing millionaire populations. According to the UBS Global Wealth Report 2024, smaller and emerging economies are experiencing a sharp surge in the number of individuals with wealth exceeding $1 million. Here are all the details you need to know about the UBS Global Wealth Report 2024. What has UBS Global Wealth Report revealed? In a significant development, the UBS Global Wealth Report 2024 has revealed a surprising trend which says that the fastest growth in the number of millionaires is not happening in economic power houses like the US, China, or India. Instead, smaller and emerging economies are seeing the sharpest rise in wealthy individuals. Countries with fastest-growing millionaire populations Talking about the fastest-growing millionaire populations, Taiwan ranks first, with 760,000 millionaires and an average adult wealth of $312,075. Turkey follows closely, having added 7,000 millionaires in the past year, 8.4% increase, bringing its total to 68,000, projected to reach over 87,000 by 2028. Both countries are experiencing rapid financial uplift backed by tech and economic reforms. Many Asian countries including Kazakhstan, Indonesia, South Korea, Israel, Mexico, Thailand, along with Europe's Sweden form the top 10 countries with fast-growing millionaire populations. These shifts show that global wealth is expanding beyond traditional centers, driven by regional growth, favorable policies, and rising investment opportunities.
