In the past five days, the BSE IT index has slipped nearly 10 per cent, and it has tanked 26 per cent thus far in calendar year 2025.
Credit event risks have been a feature of nearly all the past crises such as the global financial crisis in 2008 and the more recent Covid-triggered scare in 2020.
JLR posts flat volume growth for FY25
The contraction will be led by a drop in exports of fish and crustaceans, which may fall by a fifth
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in the state's politically vital aquaculture sector. SHINE JACOB elaborates
The biggest issue is the assumption that while Mr Trump upends the existing order at his own will, "all other things will remain equal"
Buyers are reassessing existing orders, with some seeking discounts. They are also exploring the best possible sources for imports, given the varied but steep reciprocal tariffs, exporters said
In a scathing attack on the government over the imposition of tariffs by the US, Congress general secretary Sachin Pilot on Sunday said that Prime Minister Narendra Modi should have worked out a constructive solution during his last America visit rather than just indulging in "photo ops" and exchanging gifts. He said that at a time the world is responding to the imposition of reciprocal tariffs by the US, the Indian government is merely buying time and leaving everything to fate. In an interview to PTI, the former minister for Corporate Affairs said the Indian government is accepting what has been given out and has not even offered a response. "I would imagine, when the PM was in Washington (in February) and met the president of the US, instead of just photo ops and exchanging gifts, something more constructive should have come out of it," Pilot said. "If our relations are as strong as the two leaders claim, then we would not have been slapped with these steep tariffs. Clearly our
Prime Minister Shehbaz Sharif set up two committees to tackle the economic implication of the new tariffs imposed by US President Donald Trump, Finance Minister Muhammad Aurangzeb said on Saturday. The two bodies include a steering committee chaired by the finance minister and comprising ministers, prominent business leaders, secretaries, and academics, while the second was a working group led by the secretary of commerce. You should never let a good crisis go to waste, Aurangzeb told a press conference here and explained that while the situation created immediate challenges, it also would open doors for negotiation and long-term engagement. He said that the government's intention was to formulate and present a well-structured package to the US administration and the recommendations are expected to be finalised in the coming days and submitted to the prime minister for approval. He said that following that approval, a high-level delegation will travel to Washington to convey ...
The impact on US GDP will depend on the level of retaliation from its trading partners and how the tariff revenues get used, especially if they fund tax cuts, S&P said
The 26 per cent tariffs imposed by the US on India may create some headwinds, but relatively higher levies on competing nations may hand India an edge, tilting the scales in its favour and increasing its appeal in global supply chains, according to electronics and IT hardware industry body MAIT. Manufacturing hubs such as China face a 54 per cent levy, Vietnam (46 per cent), and Thailand (36 per cent) as a result of the US' sweeping tariff actions, which have since spooked financial markets and trade partners. India's USD 7-billion smartphone exports to the US may face some pressure due to evolving trade policies, but the real advantage lies in the comparative tariffs imposed on competing nations, Manufacturers Association for Information Technology (MAIT) said. "While US trade barriers could theoretically dampen India's export volumes, the higher reciprocal tariffs on China and Vietnam create a relative advantage for Indian manufacturers. This discrepancy tilts the scales in India'
Emkay analysts believe a possible US recession from tariffs could reduce Nifty's FY26 earnings by 3 per cent, potentially derating the index to 21,500 in the near-term.
The downturn in IT stocks can be attributed to fears around recession and as manufacturing hubs in China and Taiwan face new tariffs above 30 per cent
All 20 Nifty Pharma constituents settled in the green. Among others, Ipca Laboratories was up 4.59 per cent, Lupin was up 4.19 per cent, Cipla was up 3.28 per cent, Sun Pharma was up 3.41 per cent
US President Donald Trump's tariff imposition decision gives India's textile industry a competitive edge as its competitors like Vietnam, Bangladesh and China will face higher tariffs
The drop in these shrimp stocks followed the imposition of a 27 per cent reciprocal tariff on India by US President Donald Trump
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.
From April 9, nearly 60 countries, including those in the EU, will face steeper tariffs. World leaders, including Italy's Giorgia Meloni and Australia's Anthony Albanese condemned Trump's move
Pharmaceutical products have been on the radar of US President Donald Trump, who has indicated that tariffs of up to 25 per cent could be imposed on this category