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Business Standard
10 hours ago
- Business
- Business Standard
Trump tariffs a call for nations to consider trade governance reforms
It is time for collective action among like-minded economies rather than be caught in the US tariff turmoil Premium Amita Batra Listen to This Article It is now close to 60 days since 'liberation day' and the subsequent announcement by United States President Donald Trump of a 90-day stay on the implementation of reciprocal tariffs. Notwithstanding this, tariff threats by the US President against not just 'countries of concern' but also allies and domestic firms continue almost on a daily basis. While this uncertain trade policy context makes it difficult to discern trends, some early signs of how global trade is evolving may be worth outlining. First, while the exemption from reciprocal tariffs for United States-Mexico-Canada Agreement-compliant products and value added in case of auto/
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Business Standard
13 hours ago
- Automotive
- Business Standard
Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu
German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts Premium Anjali Singh Dev Chatterjee Listen to This Article German automotive and industrial supplier Schaeffler AG will invest 500 million euros (approximately ₹4,800 crore) in India over the next five years, anticipating growing demand in the local market. The investment will focus on expanding production capacity, increasing localisation, and strengthening the company's presence in electric mobility, railways, and renewable energy component manufacturing, Schaeffler AG chief executive officer (CEO) Klaus Rosenfeld announced here on Wednesday. Company executives outlined plans for the Indian market, which, they said, continues to present opportunities despite a flattening global automotive demand.
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Business Standard
19 hours ago
- Business
- Business Standard
These 5 pharma stocks can fall up to 12% as technical charts flag caution
Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma flag caution signals on technical charts; here are the key levels to watch out for. Premium Rex Cano Mumbai Listen to This Article Abbott India, Aurobindo Pharma, Cipla, Dr Lal PathLabs and Torrent Pharma are the 5 pharma stocks that have flagged a caution signal on the technical charts. Technically, these 5 stocks have seen a negative crossover of the key momentum oscillators like - the Relative Strength Index (RSI), Stochastic Slow or the Moving Average Convergence-Divergence (MACD) on the daily scale. Negative crossover of key momentum oscillators, coupled with violation of key support levels tends to weigh on the stock sentiment. Here's a detailed technical analysis of each of these 5 stocks - Abbott India, Aurobindo Pharma, Cipla, Dr Lal
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Business Standard
2 days ago
- Business
- Business Standard
Assam alternative destination for electronics makers: Himanta Biswa Sarma
Assam the alternative destination for electronics makers Premium Aashish Aryan New Delhi Listen to This Article The announcement of the setting up of an outsourced semiconductor assembly and test (OSAT) unit at Jagiroad near Guwahati in Assam has piqued the interest of several domestic and international investors, especially in the electronics manufacturing sector, Assam Chief Minister (CM) Himanta Biswa Sarma said. The Assam CM was in Delhi to talk to investors and companies about the state's Rs 25,000 crore electronics component manufacturing scheme (ECMS). The scheme envisages offering a top-up incentive of up to 60 per cent to companies that are approved under the central government's ECMS. In an interview with Aashish Aryan, Sarma said that,
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Business Standard
2 days ago
- Business
- Business Standard
India needs entrepreneurship 2.0 with risk-taking, visionary founders
India, in fact, was a major exporter to West Asia, where two large empires - the Safavid and the Ottoman - provided a lucrative marketing area Premium Nitin Desai Listen to This Article The entrepreneurship that India requires must have two key characteristics. First, it must be willing to be innovative in the sense that it takes on new products and processes as part of its business. Second, it must be global in its marketing orientation so that it can compete with foreign suppliers in India and in global markets. This was the case in the past. A very readable book by Lakshmi Subramanian provides useful information about entrepreneurship in the pre-Independence era. In Mughal times, innovation was not prominent, as it was a pre-Industrial Revolution era. What mattered was finance, where the