Monday, September 14
U.S. President Donald Trump imposed an additional 25% tariff on goods imported from India this week, citing New Delhi's continued purchase of Russian oil. The new import tax, effective 21 days after August 7, will raise duties on some Indian goods to as high as 50% - among the highest levied on any U.S. trading partner. While some sectors like smartphones, pharmaceuticals and energy are currently exempt from any reciprocal tariffs, other items like gems and jewellery, textiles and some auto components, which make up a large part of Indian exports to the U.S., will take a hit. Below are some of the largest exports to the U.S. from India. SMARTPHONES Apple Inc suppliers Foxconn Hon Hai, Tata Electronics, Pegatron Corp and Wistron Infocomm are the largest exporters from India to the U.S., sh
Despite India being labeled the "tariff king," Fitch Ratings has estimated that the US effective tariff rate for all countries currently stands at 17% after the latest reciprocal tariff announcements, The Times of India reported. Before August 27, Indian goods faced an effective US tariff rate of 20.8%, including exempted products.In 2024, the latest year with data available from the World Trade Organization (WTO), India’s simple average tariff was estimated at 16.2%, with agricultural products at 36.7% and non-agricultural goods at 13%. Following the February Budget, this average is expected to have declined further.According to the WTO database cited by TOI, the average US tariff in 2024 was 3.3%, with farm goods facing a 5% levy and non-agricultural products attracting a 3.1% import d
Info Edge (India) on Friday reported a 27% year-on-year jump in its consolidated net profit for the June quarter at Rs 296 crore compared to Rs 233 crore in the year-ago period. The profit after tax (PAT) is attributable to the equity holders of the parent. The operator of Naukri.com platform reported revenue of Rs 791 crore in the quarter under review which was 17% higher from Rs 677 crore reported in the corresponding quarter of the last financial year.On a sequential basis, the PAT was down 36% from Rs 463 crore reported in the January-March quarter of FY25 while the topline was up 5.5% from 750 crore in Q4FY25.The total comprehensive income for the company in Q1 was Rs 7,918 crore in Q1FY26 versus Rs 3,583 crore in Q1FY25.Profit before tax (PBT) without exceptional items in the June '
