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Markets decline in early trade dragged down by selling pressure in IT stocks

Mumbai, Jul 11 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Friday dragged down by selling pressure in IT stocks post earnings announcement by TCS. The 30-share BSE Sensex dropped 398.45 points to 82,791.83 in early trade. The 50-share NSE Nifty declined 111.25 points to 25,244. From the Sensex firms, Tata Consultancy Services traded nearly 2 per cent lower after reporting its June quarter earnings. Country’s largest IT services company TCS on Thursday reported a 6 per cent growth in June quarter net profit at Rs 12,760 crore, helped by a jump in non-core income even as

Tesla to open first India store on July 15 in Mumbai

July 11 (Reuters) – Electric vehicle maker Tesla inched closer to start its sales in India, as it said on Friday it would be opening its first showroom at the financial hub of Mumbai on July 15, dubbed as an “experience center”. Reuters reported in March that the Elon Musk-led company had signed a lease deal to open its first showroom in Mumbai to start its sales in India. As a part of its entry into the South Asian nation, the EV maker had stepped up hiring and in the past was scouting for showroom sites in Mumbai and India’s

The UN warns millions will die by 2029 if US funding for HIV programs isn’t replaced

LONDON, July 11, 2025 (AP) — Years of American-led investment into AIDS programs has reduced the number of people killed by the disease to the lowest levels seen in more than three decades and provided life-saving medicines for some of the world’s most vulnerable. But in the last six months, the sudden withdrawal of U.S. money has caused a “systemic shock,” U.N. officials warned, adding that if the funding isn’t replaced, it could lead to more than 4 million AIDS-related deaths and 6 million more HIV infections by 2029. A new UNAIDS report released Thursday said the funding losses have

Trump plans to hike tariffs on Canadian goods to 35%

WASHINGTO, July 11, 2025 (AP) — President Donald Trump said in a Thursday letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. The letter to Canadian Prime Minister Mark Carney is an aggressive increase to the top 25% tariff rates that Trump first imposed in March after months of threats. Trump’s tariffs were allegedly in an effort to get Canada to crack down on fentanyl smuggling despite the relatively modest trafficking in the drug from that country.

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