Thursday, September 24
US President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs Monday, but then said he may be flexible on his new August deadline to reach deals.Trump sent letters to trading partners including key US allies Japan and South Korea, announcing that duties he had suspended in April would snap back even more steeply in three weeks.Tokyo and Seoul would be hit with 25 percent tariffs on their goods, he wrote. Countries including Indonesia, Bangladesh, Thailand, South Africa and Malaysia were slapped with duties ranging from 25 percent to 40 percent.But in a move that will cause fresh uncertainty in a global economy already unsettled by his tariffs, the 79-year-old once again left the countries room to negotiate a deal."I would say firm, but not
Shares of PC Jeweller fell as much as 8.1% on Tuesday to Rs 17.20 on BSE after both BSE and NSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework.The decline comes after a sharp rally in recent sessions. On Monday, the stock had surged 11.8%, extending a two-day gain of up to 33% to a high of Rs 18.69, driven by the company’s strong business update for the June quarter (Q1FY26).In a filing last week, PC Jeweller reported that its standalone revenue for Q1FY26 rose approximately 80% compared to the same period last year. The company described the quarter as “very promising and fulfilling,” attributing the performance to continued customer trust and goodwill.Despite volatility in gold prices, the jeweller cited strong sales traction during the weddin
Shares of Indian textile companies including Gokaldas Exports, KPR Mill, Vardhman Textiles, and Arvind Ltd zoomed up to 8.2% in intraday trade on Tuesday, July 8, after the US administration, under President Donald Trump, announced a 35% tariff on Bangladesh, with specific implications for the apparel and textile sector.The shares of Gokaldas Exports surged 8.2% on Tuesday, reaching a high of Rs 974.70, and leading the gains among textile stocks. Vardhman Textiles shares followed closely, rising 7.9% to touch Rs 537.70. KPR Mill shares climbed 4% to reach Rs 1,204.85 during the session, while the shares of Arvind Ltd gained 2.9%, hitting an intraday high of Rs 356.35.The newly announced tariff, which takes effect from August 1, is a slight drop from the 37% rate that had been proposed earl
The Indian market is likely to consolidate on Tuesday, tracking mixed global cues.The Nifty future closed positively with marginal gains at 25,541 levels on Monday. India VIX rose by about 2% to close at 12.56.On the options front, the maximum Call OI is placed at 25,500 and then towards 26,000 strikes while the maximum Put OI is placed at 25,400 and then towards 25,300 strikes.Call writing is seen at 25,500 and then towards 25,600 strikes, while Put writing is seen at 25,400 and then towards 25,300 strikes.“Options data suggests a broader trading range in between 25,000 to 26,000 zones while an immediate range between 25,300 to 25,700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“On the daily chart, it formed a small-bodied candle o
-The Nobel Peace Prize is one of the most prestigious honours that can be awarded to individuals and organisations internationally. Israeli Prime Minister Benjamin Netanyahu has nominated U.S. President Donald Trump for the prize. If Trump wins, he will be the fifth U.S. president on the list after Theodore Roosevelt, Woodrow Wilson, Jimmy Carter, and Barack Obama. Here is a look at how the award works: WHO CAN WIN? According to the will of Swedish industrialist Alfred Nobel, the inventor of dynamite, the prize should go to the person "who has done the most or best to advance fellowship among nations, the abolition or reduction of standing armies, and the establishment and promotion of peace congresses." In an introduction on the Nobel website, Chair of the Peace Prize Committee Jorgen W
