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Time of India
31-07-2025
- Business
- Time of India
Who's most at risk from Trump's 25% India tariffs
US President Donald Trump 's 25% tariff on Indian exports from Aug. 1 is expected to hurt a spate of sectors — from makers of electronics and generic drugs to jewelry and auto component firms. India's tariffs were 'among the highest in the World,' Trump said in a post on the Truth Social platform on Wednesday, with the country imposing 'the most strenuous and obnoxious non-monetary Trade Barriers of any Country.' He also threatened an additional penalty due to the country's energy purchases from Russia. 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Vietnam faces 20% tariffs while Indonesia has 19% and Japan 15%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sleep Apnea Ruined My Life – Then I Found This Simple Trick Health Insight Undo About 10% of total Indian exports would be affected in July to September if tariff exceeds 25%, Bloomberg News reported earlier citing a person familiar with India's internal calculations. The two-way trade between India and the US stood at $129.2 billion in 2024. The final impact on Indian businesses in any particular sector will also depend on how it compares with tariffs levied on other nations it competes with. While there's no clarity right now on sectoral tariff rates and the penalty level, these are the industries that potentially stand to lose the most: Live Events Gems & Jewelry The tariff is a 'deeply concerning development' that could disrupt critical supply chains and threaten thousands of livelihoods, with the gems sector in particular 'severely impacted', India's Gem and Jewellery Export Promotion Council said in a statement late Wednesday. The US accounts for over $10 billion worth of India's exports from this industry and a blanket tariff will 'inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain' from workers to large manufacturers, the trade group said. Pharmaceuticals India is the largest exporter of non-patented drugs to the US at an approximate annual value of $8 billion. Some of the country's biggest companies, like Sun Pharmaceutical Industries Ltd. , Dr. Reddy's Laboratories Ltd., Cipla Ltd. , receive at least 30% of their revenue from the US. Four out of every ten prescriptions filled in the US in 2022 were supplied by Indian companies, according to IQVIA. Overall, medicines from Indian companies provided nearly $220 billion in savings to the US health care system in 2022 and a total of $1.3 trillion in the decade through 2022. Textiles, Apparels Home fabrics, apparel, and shoe makers in India serve the global supply chains of large US retailers, including companies such as The Gap Inc., Pepe Jeans, Walmart Inc. and Costco Wholesale Corp. India earlier sought lower tariffs than countries like Vietnam which would give a comparative advantage to this industry. This presents a 'stiff challenge' for the sector, according to a statement from the Confederation of Indian Textile Industry. 'It will seriously test the resolve and resilience of India's textile and apparel exporters as we will not enjoy a significant duty differential advantage.' Vardhman Textiles Ltd. , which supplies to several US companies, said in an earnings call this month that business from the US had been slow due to uncertainty on tariffs. Others like Welspun Living Ltd. , Indo Count Industries Ltd. and Arvind Fashions Ltd. will also be at a disadvantage. Electronics India overtook China to become the top source of smartphones sold in the US, after Apple Inc. shifted to assemble more of its iPhones in the South Asian country. This could be under risk after the latest levy. 'Apple's US iPhone sourcing strategy from India to circumvent China tariffs could be meaningfully set back if tariffs in India extend to 25%,' Bloomberg Intelligence analysts Anurag Rana and Andrew Girard wrote in a note July 30. 'A 25% surcharge would most likely force Apple to revise this plan.' Indian Refiners State refiners such as Indian Oil Corp Ltd., Bharat Petroleum Corp Ltd. and Hindustan Petroleum Corp Ltd., along with private sector firms like Reliance Industries Ltd. could also lose out with the new tariffs. India gets nearly 37% of its oil imports from Russia. Those barrels come at a discount to market rates and have been a key support for gross refining margins. If Russian crude is no longer available, the cost of imports will spike and dent refiners' profits. Reliance had signed a deal to buy as much as 500,000 barrels a day from Russia this year to become India's largest buyer of Russian crude.
Time of India
30-07-2025
- Automotive
- Time of India
Mercedes-Benz trims profit margin forecast due to $420 million US tariff impact
Mercedes-Benz trimmed its annual car sales and profit margin forecasts on Wednesday, flagging a nearly $420 million impact from U.S. tariffs in 2025. The German luxury carmaker said it expects a profit margin of 4% to 6% for its car business this year and annual group revenue "significantly below" 2024 levels, both for its cars and vans, factoring in the impact of tariffs. 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It withdrew that guidance in April. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Man Revealing His Strategy To Earn Upto 3K-5K Daily Income thefutureuniversity Learn More Excluding tariffs, the unit's margin outlook would have been at the lower end of the original guidance, it said on Wednesday. Mercedes shares were down 1.5% in early Frankfurt trading. Live Events The result reflect the wider repercussions of Trump's tariff policy, which has seen European carmakers hit with higher U.S. import taxes this year. Volkswagen's luxury brand Porsche cut its full-year profitability target on Wednesday. The U.S. struck a framework trade agreement with the EU on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade. Mercedes halved its expectations for the impact of tariffs on its car business margin to about 150 basis points, a company spokesperson said. That would result in a tariff effect of 362 million euros ($418 million) on the division's adjusted operating profit (EBIT) in 2025. Chancellor Friedrich Merz welcomed the trade deal, which averted a trade conflict that would have hit Germany's export-driven economy and its large auto sector hard. BENEFICIARY OF TRADE DEAL Mercedes is among the most significant beneficiaries of the U.S.-EU trade deal due to its greater share of imports into the U.S. from Europe than from Mexico or Canada, Morningstar analysts wrote in a research note on Monday. It also produces cars in its U.S. plant of Tuscaloosa, Alabama. The company's second-quarter adjusted operating income more than halved to 1.99 billion euros ($2.30 billion). The impact of tariffs, efficiency measures and a 750 million euro impact from the sale of a plant and restructuring in Argentina lowered its reported EBIT, or operating profit, even further to 1.27 billion euros, it said in a statement. Its revenues dropped 9% to 33.15 billion euros on lower car and van sales, as well as the impact of tariffs. Sales and operating profit figures were "no surprise", Jefferies said in a note, pointing to lower volume and price and sales in China. Unit sales in China decreased by 10% and 19% respectively in the first and second quarters of 2025 compared to last year, it had said earlier this month. The company and other German carmakers face a decline in China due to intensifying local competition.
Time of India
29-07-2025
- Entertainment
- Time of India
South Park Season 27: Episode 2 release date, time, episode schedule and how to watch
South Park is continuing its 27th season with Episode 2, set to release on July 30, 2025. The animated series has returned with a full 10-episode schedule, bringing back its usual format after years of shorter seasons and specials. Episode 2 follows a controversial premiere that caught global attention. South Park Season 27 Episode 2 Release Date and Time South Park Season 27 Episode 2 airs on Wednesday, July 30, at 10pm ET/PT on Comedy Central . It becomes available on Paramount Plus on Thursday, July 31, at 6am ET / 3am PT. 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Here are the time zone conversions: Brazil – 11pm UK – 3am (July 31) Central European Time – 4am (July 31) India – 7:30am (July 31) Australia – 12pm (July 31) New Zealand – 2pm (July 31) For Paramount Plus streaming: Live Events Brazil – 7am UK – 11am Central Europe – 12pm India – 3:30pm Australia – 8pm New Zealand – 10pm South Park Season 27 Episode Count There will be 10 episodes in Season 27. This marks a return to a traditional format. Recent seasons were shorter due to specials and a complex streaming rights situation between Paramount and HBO Max. Trey Parker and Matt Stone signed a $1.5 billion deal over five years to produce 50 new episodes, extending South Park through multiple seasons. Stone said, 'We want to thank Chris McCarthy and Keyes Hill-Edgar for years of great partnership and are looking forward to continuing to make South Park for the next five years.' Parker added, 'We are grateful for this opportunity and deeply honored by the trust placed in us. This is about our commitment to the organization, our teammates, and our fans.' Also Read: Solar Eclipse Rumors NASA Clarification: Will the world go dark on August 2, 2025 or 2027? See when will next total solar eclipse happen South Park Season 27 Episode Schedule Here is the full list of South Park Season 27 episode release dates: Episode 1: July 23 (Paramount Plus July 24) Episode 2: July 30 (Paramount Plus July 31) Episode 3: August 6 (Paramount Plus August 7) Episode 4: August 13 (Paramount Plus August 14) Episode 5: August 20 (Paramount Plus August 21) Episode 6: August 27 (Paramount Plus August 28) Episode 7: September 3 (Paramount Plus September 4) Episode 8: September 10 (Paramount Plus September 11) Episode 9: September 17 (Paramount Plus September 18) Episode 10: September 24 (Paramount Plus September 25) Also Read: Ozzy Osbourne Funeral: How to watch The Osbournes online and see funeral procession date, route, start time and live performance South Park Season 27: How to Watch New Episodes? New episodes can be viewed live on Comedy Central through cable TV or streaming platforms. For those who prefer streaming, Paramount Plus will release each episode the following day. Free trial options include: 7-day free trial for new users on Paramount Plus 30-day trial for Walmart Plus subscribers South Park Season 27 Episode 2 Episode 1 stirred conversation after depicting Donald Trump in a relationship with Satan. The closing scene showed a fake ad with a naked Trump, ending in a surreal and controversial endorsement from his animated genitals. Viewers now expect more intense satire and social commentary in upcoming episodes. FAQs What time does South Park Season 27 Episode 2 release on Paramount Plus in India? South Park Episode 2 will be available on Paramount Plus in India at 3:30pm IST on July 31. How many total episodes are in South Park Season 27? Season 27 consists of 10 episodes, released weekly on Wednesdays and streamed on Thursdays.
Time of India
29-07-2025
- Automotive
- Time of India
Tata Power-DDL, Magna Yuma to jointly set up battery-swapping stations for EVs in Delhi
New Delhi: Tata Power-DDL and Magna Yuma have joined hands to set up battery-swapping stations in Delhi for electric vehicles (EVs). As per the agreement, Tata Power-DDL will provide dedicated space for establishing battery-swapping stations, while Magna Yuma will be responsible for designing, procuring, installing, and maintaining these stations. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Digital Marketing Finance Operations Management others Public Policy Degree Others Product Management Artificial Intelligence CXO Healthcare Data Science Data Science MBA healthcare PGDM Cybersecurity Data Analytics Design Thinking Project Management MCA Management Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details In a statement on Tuesday, Tata Power-DDL said it is collaborating with Magna Yuma Pvt Ltd to establish battery-swapping stations in the national capital. EV calculator How much will I save if I choose an electric vehicle? SELECT vehicle type Calculate Initially, Magna Yuma will set up two battery-swapping stations in Tata Power-DDL grid substations at the Shalimar Bagh facility -- Centre Grid and Badli Grid. Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a leading power utility supplying electricity to about 9 million people in North Delhi. Live Events Dwijadas Basak CEO Tata Power Delhi Distribution Ltd said, "This initiative is aligned with our commitment to drive clean energy adoption and promote sustainable mobility."
Time of India
29-07-2025
- Business
- Time of India
Solar Eclipse Rumors NASA Clarification: Will the world go dark on August 2, 2025 or 2027? See when will next total solar eclipse happen
Solar Eclipse Rumors NASA Clarification is available. When will the next total solar eclipse happen, on August 2, 2025 or 2027? See the truth. A viral message has sparked fear and curiosity online, claiming the world will go dark on August 2, 2025, due to a total solar eclipse. Many posts suggest this rare event won't repeat for a century. NASA and experts have now responded with facts, explaining the real timeline of upcoming solar eclipses. 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NASA has denied these claims. According to their records, no such event is scheduled for that date. Instead, a partial solar eclipse will occur later that year on September 21, 2025. This will be visible only in select regions and will not cause complete darkness. Solar Eclipse Rumors NASA Clarification: Next One Is on August 2, 2027 The real total solar eclipse being referred to will happen on August 2, 2027. This eclipse will be visible in parts of Europe, North Africa, and the Middle East. It is being called the "eclipse of the century" because it will last up to 6 minutes and 23 seconds—the longest seen from land since 1991. Live Events Solar Eclipse Rumors NASA Clarification: Where will Next Total Solar Eclipse Be Visible? This eclipse will cover a narrow path around 160 miles wide, stretching over 9,462 miles, passing through 11 countries: Spain, Gibraltar, Morocco, Algeria, Tunisia, Libya, Egypt, Sudan, Saudi Arabia, Yemen, and Somalia. Solar Eclipse Rumors NASA Clarification: Why Is the 2027 Eclipse So Long? The 2027 eclipse will last longer due to specific astronomical factors: The Earth will be near aphelion (its farthest point from the Sun), making the Sun appear smaller. The Moon will be near perigee (its closest point to Earth), making it appear larger. The eclipse's path will pass near the equator, where the Moon's shadow moves more slowly across Earth. These combined effects will extend the period of darkness during the eclipse. What Happens During a Total Solar Eclipse? A total solar eclipse occurs when the Moon moves directly between the Earth and the Sun. It blocks the Sun's light completely for a few minutes. People in the eclipse's path will see: The Sun completely covered The corona, or outer layer of the Sun A brief moment of near-total darkness in daytime Total solar eclipses are rare and only visible from narrow regions on Earth. Partial Solar Eclipse in 2025: What to Expect? While the rumor focused on August 2, 2025, the only notable event that year is a partial solar eclipse on September 21, 2025. It will be visible in parts of Africa, Europe, and southern Asia. North America and other regions will not experience any eclipse. During a partial eclipse, the Moon covers part of the Sun, causing it to appear crescent-shaped. Why the Obsession With Solar Eclipses? Solar eclipses attract global interest because they are rare and visually striking. Events like the upcoming 2027 eclipse draw attention from scientists, tourists, and sky-watchers. The last eclipse of this length happened in 1991. The next one this long will not happen again until well after 2100. For many, witnessing a total eclipse is a once-in-a-lifetime event. FAQs Will the world go dark on August 2, 2025, due to a solar eclipse? No. NASA confirms there is no total solar eclipse on that date. The next total eclipse is scheduled for August 2, 2027. Where will the August 2, 2027 solar eclipse be visible? It will be seen in parts of Spain, North Africa, and the Middle East. Other areas will only witness a partial eclipse or none at all.
