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With July 9 deadline near, stock markets shrug off US tariff worries
Sundar Sethuraman Samie Modak Mumbai
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Domestic stock markets are holding firm even as the July 9 deadline approaches for the new US tariff rates — ranging from 10 per cent to 50 per cent — announced by US President Donald Trump on April 2.
The tariffs, paused for 90 days to allow for bilateral trade negotiations, have sparked cautious optimism among investors who foresee an extension or a favourable US-India trade deal.
The benchmark Nifty 50 index last ended at 25,542, less than 3 per cent below its record closing of 26,179 on September 27, 2024. From this year's low of 22,162 on April 7,
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India Today
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- India Today
Not acceptable: Top Trump aide accuses India of financing Russia's war in Ukraine
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The Hindu
2 hours ago
- The Hindu
Another slip up by India in the trade pact with the U.K.
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The price came down to less than ₹8,800 for a month's treatment, from the ₹2,80,428 charged by the owner of the patent on the medicine, Bayer Corporation ( For remedying such instances of excessive rent-seeking, India's law-makers included compulsory licensing as a key safeguard while amending the Patents Act to make it compatible with the World Trade Organization's (WTO) Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). Both Houses of the Parliament unanimously adopted this legislation after a Joint Parliamentary Committee had carefully considered its provisions ( Also Read | India, U.K. sign trade deal, PMs launch new partnership framework Grant of compulsory licence India's TRIPS-consistent Patents Act allows grant of compulsory licence to anyone interested in producing a patented product in India, three years after the grant of a patent. 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- Time of India
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