Latest news with #GeneralAgreementonTradeandTariffs
Mint
14-05-2025
- Business
- Mint
Tata Steel, SAIL, JSPL, JSW Steel rise up to 4% after THIS India's snub to US at WTO
Stock Market Today: Tata Steel, SAIL, JSPL, JSW Steel share prices gained up to slightly more than 4% in the morning trades on Wednesday. Tata Steel share price that opened at ₹ 151.20 on the BSE on Wednesday, slightly higher than the previous days closing price of ₹ 149.50, continued to rise further. The Tata Steel share price rose to intraday high of ₹ 157.15, which translated in gains of around 4.5% for the Tata Steel share price. SAIL or Steel Authority of India Ltd share price also after opening slightly higher at ₹ 116.85, compared to previous close of ₹ 116.05 , gained further. The SAIL share price gained up to ₹ 120.75 during the intraday trades and this meant rise of up to 4%. Jindal Steel and Power Ltd or JSPL share price and JSW steel share price also gained up to 2-3% during the morning trades on Wednesday. Tata Steel share price led the gains for the Nifty Metal Index that also saw intraday highs of 9,085.05, which meant gains of 2.8% for the metals index. Nifty metals index while was rising led by contribution from steel stocks most other metal stocks including those of NALCO and Hindalco Industries Ltd, too gained up to more than 4% The rise in steel and other metal stocks while is attributed to positive developments on the US China Tariff talks , India also has taken a firm stand on the Tariffs imposed by the US on metal imports from India According to a PTI report, India has proposed to impose retaliatory taxes on the United States in response to President Donald Trump's steel and aluminum tariffs, and it has submitted this plan to the World Trade Organization (WTO). The news reports suggest that the safeguards measures would have an impact on $7.6 billion worth of relevant product imports from India into the US, with $1.91 billion in duty revenue collected. India as per news reports argues that the US's actions are in violation of the 1994 General Agreement on Trade and Tariffs (GATT) and the Agreement on Safeguards (AoS) and also that India reserves the right to suspend concessions or other obligations that are substantially equivalent to the adverse effects of the measure to India's trade Meanwhile as India and the US are still to resolve the abovesaid issue on tariff, the positive developments in China -US trade talks is encouraging. China is the largest producer and consumer of commodities and thereby influences the international prices of commodities. Hence resolution and positive developments on US -China tariff discussions is a big positive for Steel and metal producers in India too Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
14-02-2025
- Business
- Yahoo
Stitt picks Norman lawyer, business leader to lead DOGE-OK. 'Time is of the essence'
After announcing the plans to bring Elon Musk's Department of Government Efficiency strategy to Oklahoma, Gov. Kevin Stitt has appointed its new advisor. Marc Nuttle will serve as an "unpaid, special volunteer" leading DOGE-OK with hopes of refining agency budgets, legislative appropriations and more, according to a press release from the governor's office. "Marc Nuttle is volunteering his time to lead this effort and root out additional waste. With his help, we'll leave state government leaner than we found it," Stitt said about Nuttle's selection in the press release. With the new leader, Stitt said that DOGE-OK would submit a report outlining agency budget findings, recommendations for fiscal reforms and strategies for efficiencies by March 31. "We recognize President Trump's commitment, through DOGE, to restructure government spending. This includes federal funds co-managed with state funds. We will work to establish a new federal/state fiscal partnership to develop an acceptable plan to realize savings while maintaining critical services necessary to protect Oklahoma's way of life," Nuttle said in the press release. More: Gov. Kevin Stitt launches DOGE-OK, calls for income tax cuts, attacks DEI during state address To Nuttle, he said his mission is simple: to ensure every tax dollar is spent strategically with purpose and accountability. "Time is of the essence," he said. In Nuttle's daily work, he is an attorney based in Norman specializing in international trade, international foreign policy and political affairs. Nuttle has served on the Industrial Policy Advisory Committee for Trade and Policy under the President Ronald Reagan administration. During this time, he wrote and advised the administration on international trade and General Agreement on Trade and Tariffs (GATT) for six year. He has gone on to advise for George H.W. Bush's presidential campaigns and legal advisor in the Bush-Gore re-count effort in Florida 2000. Nuttle's international experience also includes advising the countries of Bulgaria, Ukraine, Russia and Guatemala as well as corporations owned by the People's Republic of China. Inspired by Elon Musk's efforts in the country's newly formed Department of Government Efficiency, Governor Kevin Stitt noted during his State of the State speech on Feb. 3 that the state will form a similar practice. Nuttle's position will be unpaid and operate in the Office of Management and Enterprise Services to build upon past efficiency initiatives. 'Our top responsibility as leaders is ensuring we are working on behalf of all four million Oklahomans in the most efficient way possible,' Stitt said in a statement. 'DOGE-OK will help identify and root out inefficiencies and government waste. It's an essential part of making us a top-10 state.' This article originally appeared on Oklahoman: Oklahoma Gov. Kevin Stitt picks Marc Nuttle to lead DOGE-OK
