Thursday, March 12
Indian electronics manufacturers are facing challenges in meeting production targets under the ECMS due to rare earth mineral shortages caused by Chinese export restrictions. Companies have raised concerns with MeitY, seeking leniency and exploring alternative sourcing. While the government considers extending the application window, the industry remains hopeful for a resolution to the supply chain disruptions.
Union Minister Piyush Goyal stated that the EU's Carbon Border Adjustment Mechanism (CBAM) might negatively impact European industries more than India. He highlighted growing opposition to CBAM among European business leaders, suggesting it could increase India's export opportunities. The India-UK Free Trade Agreement (FTA) ensures significant access for Indian exports and protects sensitive sectors.
A Policybazaar report reveals a surge in NRIs seeking medical treatment in India, driven by significantly lower costs. Health insurance purchases by NRIs have jumped 150% in 2024-25. Treatment costs in India can be 60-90% less than in the US, with heart bypass surgery costing Rs 4.5-8 lakh compared to Rs 60 lakh-1.3 crore in the US.
Commerce minister Piyush Goyal announced that trade agreement talks with the US are progressing rapidly, with the next negotiation round scheduled for August in India. Both nations aim to finalize the initial agreement tranche by fall, targeting a significant boost to bilateral trade from $191 billion to $500 billion.
The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to significantly boost India's seafood exports by eliminating UK import tariffs, potentially increasing exports by 70%. This levels the playing field with countries already enjoying UK duty benefits. The agreement also extends to other sectors like textiles, leather, and IT, benefiting Indian MSMEs and job creation.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday. While Nifty50 went below 24,900, BSE Sensex was down over 550 points.
Wall Street saw slight gains Friday, with the S&P 500 and Nasdaq near record highs, as investors anticipated a busy week of earnings, data, and trade deadlines. Intel's disappointing earnings contrasted with rallies from Deckers and Boston Beer. Markets are closely watching Trump's trade negotiations and the upcoming Federal Reserve policy meeting for further direction.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Friday. While Nifty50 went below 24,850, BSE Sensex was down over 700 points.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Friday. While Nifty50 went below 24,850, BSE Sensex was down over 700 points.
Stock market today: The NSE Nifty 50 decreased by 157.80 points (0.63 per cent) to 25,062.10. Stock markets declined on Thursday as the Sensex dropped 542.47 points. The index fell 542.47 points (0.66 per cent) to close at 82,184.17. During trading, it decreased by 679.42 points (0.82 per cent) to 82,047.22.
