Monday, September 14
President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products from the EU, Japan and South Korea are taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh are taxed at 20%. Trump also expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the United States. "I think the growth is going to be unprecedented," Trump said Wednesday. He said the U.S. was "taking in hundreds of billions of dollars in tariffs," but did not provide a specific figure for revenues because "we don't even
Gold October futures prices at MCX on Friday hit another new all-time high of Rs 1,02,191/10 grams, driven by US trade tariff uncertainty and safe-haven buying by global central banks.Additionally, silver September contracts were also resilient, trading at Rs 1,14,900/kg, up by Rs 614 or 0.54%.On Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold October futures contract settled at Rs 1,01,468 per 10 grams with a gain of 0.20%, and the silver September futures contract settled at Rs 1,14,286 per kilogram with a gain of 0.56%.Analysts believe that the rally in precious metals is supported by safe-haven buying and global uncertainty.Gold and silver have gained amid US trade tariff uncertainty and safe-haven buying by global central banks. The
Apparel manufacturer Page Industries Ltd has reported a 21.52 per cent increase in its net profit to Rs 200.79 crore for the June quarter of FY26, helped by volume growth, supply chain efficiency and cost optimisation. The company had posted a net profit of Rs 165.22 crore during the April-June period a year ago, according to a filing from Page Industries Ltd (PIL) on Thursday. Revenue from operations increased 3 per cent to Rs 1,316.56 crore in the June quarter of this fiscal year, against the Rs 1,277.51 crore in the corresponding period a year ago. Page Industries, which is the exclusive licensee of JOCKEY International Inc (USA) for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, in its earnings statement said in the June quarter, its "Sales volume growth wa
