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Stock markets decline in early trade as Trump slaps additional 25 pc tariff on Indian goods

Stock markets decline in early trade as Trump slaps additional 25 pc tariff on Indian goods

Mumbai, Aug 7 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods over New Delhi’s continued imports of Russian oil. The move that is likely to hit sectors such as textiles, marine and leather exports hard was slammed by India as “unfair, unjustified and unreasonable”. With this action singling out New Delhi for the Russian oil imports, India will attract the highest US tariff of 50 per cent along with Brazil. The 30-share

Rupee rises 5 paise to 87.67 against US dollar in early trade

Rupee rises 5 paise to 87.67 against US dollar in early trade

Mumbai, Aug 7 (PTI) The rupee traded in a narrow range and appreciated 5 paise to 87.67 against the US dollar in early trade on Thursday, after US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods over New Delhi’s continued imports of Russian oil. Forex traders said Trump’s aggressive move, which kicks in 21 days, threatens to raise total duties on select Indian exports to as high as 50 per cent — making them among the most heavily taxed US imports globally. At the interbank foreign exchange,

Tata Consultancy Services to roll-out wage hikes for about 80 pc of employees, effective Sept 1

Tata Consultancy Services to roll-out wage hikes for about 80 pc of employees, effective Sept 1

New Delhi, Aug 7 (PTI) India’s largest IT services company Tata Consultancy Services (TCS) on Wednesday (August 6, 2025) informed employees that it will roll-out wage hikes for about 80% of workforce, covering mid to junior levels. The wage hikes come at a time when TCS is set to lay off about 12,000 employees this year. The wage hikes will be effective from September 1, TCS CHRO Milind Lakkad and CHRO Designate K Sudeep said in an email to employees on Wednesday (August 6, 2025). “We are pleased to announce a compensation revision for all eligible associates in grades upto

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Aug 7 (Reuters) – Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions. Spot gold was up 0.4% at $3,380.76 per ounce as of 0247 GMT. U.S. gold futures gained 0.3% to $3,443.30. “Trump has been dishing up fresh tariff threats which is keeping gold in the frame as a defensive play for investors,” Tim Waterer, chief market analyst at KCM Trade said. “Gold is moving towards the doorstep of the psychological $3400, with risk-assets being kept off-balance somewhat by the constant tariff proclamations

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