Friday, September 25
Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.Trump is due to send a first batch of letters to up to 15 trading partners from noon local time (1600 GMT), warning that US levies on imports will snap back to elevated levels if foreign governments fail to reach agreements with Washington.The duties will not bounce back until August 1, Treasury Secretary Scott Bessent said over the weekend, a move that appears to give more room for dealmaking.Trump imposed a 10 percent tariff on imports from almost all trading partners in early April, but some economies including the European Union were slated to have this rate increase further.As
Ace investor Mukul Mahavir Agrawal added Jammu & Kashmir Bank in his portfolio in the June ended quarter buying 1.27% stake representing 1.40 crore shares in the state-run lender.The shares of Jammu & Kashmir Bank have outperformed the sector with nearly 5% returns over a 1-year period versus Nifty PSU Bank index, which has fallen by 3%. Its returns have been in-line with Nifty’s returns in the same period. Jammu & Kashmir bank today announced its Q1FY26 updates, where the PSU bank reported a 9.5% year-on-year growth in its total business at Rs 2,49,784.15 crore. Total deposits jumped 12% YoY to Rs 1,48,542.07 crore while total advances grew 5.5% YoY to Rs 1,040,39.84 in the quarter under review.Agrawal publicly holds 60 stocks with a net worth of over Rs 6,618.7 crore, accor
