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India Inc. guarded as US tariffs loom

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  India has vulnerabilities with regard to its agriculture sector too, both in terms of reduced access to the US markets, and possible tariff cuts by India leading to rise in imports. Large sections of Indian industry, including sectors that are seen to be relatively more vulnerable to the reciprocal tariffs by the US, appeared largely unperturbed on Wednesday ahead of the Donald Trump’s administration’s imminent disruptive move. Several key industries that have high interest in the lucrative US markets, including electronics, pharmaceuticals, auto parts, and gems & jewellery, feel import duty cuts by New Delhi would be the best way to mitigate any adverse impact on their shipments. This will reduce the tariff gap between the two nations, which is a substantive 5% on a country-wide basis and much higher for scores of individual products.  Even after the reciprocal levies are announced by the US, New Delhi would have the window to lower its tariffs, and urge the US to readj...

Trump Reciprocal Tariffs: Indian Pharma shares may see positive reaction on tariff exemption for now

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  Markets today NIFTY ▲   ‎+0.72%‎ SENSEX ▲   ‎+0.78%‎ Gold ▲   ‎+0.13%b Orchid Pharma Ltd. has announced the successful completion of a surprise inspection by the U.S. Food and Drug Administration (USFDA) at its Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu. The inspection, which commenced on 10 February 2025 and concluded on 18 February 2025, resulted in seven minor observations, none of which pertain to the data integrity of the facility Shares of Indian Pharma companies with significant exposure to the US, such as Gland Pharma Ltd., Aurobindo Pharma Ltd., Dr. Reddy's Laboratories Ltd., Sun Pharma Ltd. among others will be in focus on Thursday, April 3, after US President Donald Trump did not make any specific reciprocal tariff announcements with regards to the Pharma sector. Trump announced reciprocal tariffs for more than 60 countries, including India, the European Union, China, Vietnam, among others. Drugs and other produc...

Donald Trump's reciprocal tariffs to kick in from April 5: A 10-point guide

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  For China, the 34% reciprocal tariff rate comes in addition to the fentanyl-related 20% tariffs imposed by the US in February. United States President Donald Trump sought to fulfil his long-standing promise of imposing high tariffs on several nations as a retaliatory move for levying high duties on the US. On April 2, which he declared as the ‘Liberation Day’ for the American economy, Trump announced a universal tariff of 10 per cent on almost all goods imported in the US, and reciprocal tariffs on around 60 countries in retaliation. President Trump made the announcement with a chart in his hands, which named the countries set to face the reciprocal tariffs and mentioned what they charge the US and what they will now be charged. The names included key trading partners such as India, China, Vietnam, European Union among others. While the exact impact of these duties is yet to be seen, experts have predicted that it could lead to a global trade war or instability in ...

Woman thought her doorstop was a simple rock. Turns out it was worth over Rs 9 crores

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  Woman thought her doorstop was a simple rock. Turns out it was worth over Rs 9 crores For decades, a Romanian woman unknowingly used a rare and valuable chunk of amber as a doorstop, completely unaware of its worth. The 3.5-kilogram (7.7-pound) stone, found in a streambed in southeastern Romania, has been identified as one of the largest intact pieces of amber ever discovered. Experts estimate its value at approximately $1.1 million (Rs 9,39,73,239). From Humble Doorstop to Priceless Find The woman, who lived in the village of Colti—a region known for its amber deposits—came across the stone decades ago. She used it simply to keep her door open, never suspecting that the unassuming object was an exceptionally rare variety of amber known as rumanite. This type of amber, famous for its deep reddish hues, has been mined in the region since the 1920s. Even when jewel thieves targeted her home, the stone was overlooked and remained in place, continuing its role as a simple household i...

How China's J-10C, JF-17 and J-35 fighter jets and Pakistan's Dragon Air Force are a boon for India | Explained

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  How China's J-10C, JF-17 and J-35 fighter jets and Pakistan's Dragon Air Force are a boon for India | Explained Pakistan Air Force has recently restructured its fighter jet fleet into a 3-tier and under this, JF-17 Block 3 has been placed at the lower/middle level, J-10C at the middle/upper tier and J-35 stealth fighter jet at the top which Islamabad had announced to buy it from China last year. On paper, it seems that with this 3-tier fleet of fighter aircraft, the Pakistani Air Force has now become very strong, but according to experts it is found that in reality this is the best thing for the Indian Air Force. According to a report, the presence of three types of advanced fighter jets from China in the Pakistan Air Force is actually a very good thing for the Indian Air Force. Because this will not require India to make separate strategies for both the air forces. The report also states that this alliance of Pakistan and Chinese Air Force is actually the best thing for the ...

"May god shower blessings upon India and its leadership!": Myanmar locals hail Operation Brahma

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  "May god shower blessings upon India and its leadership!": Myanmar locals hail Operation Brahma Operation Brahma by India is operating at full tilt aimed towards providing rescue and relief to Myanmar, which was struck by a devastating 7.7-magnitude earthquake. The locals have hailed India's aid and support in this time of distress. A Myanmar local, Hussain spoke to and expressed thanks for the Indian efforts underway in Myanmar. He said, "We got a great sense of relief when you came. You (Indians) are very hardworking people. We are very happy and at peace. We have benefited a lot from the arrival of NDRF. May god shower blessings upon India and its leadership". NDRF crew member Kavita Singh spoke to ANI. She said, "There is no possibility for people being alive because few days have passed, hot weather. We have only retrieved dead bodies". She highlighted the conviction of NDRF and told ANI that despite the infrastructural damage difficulties, the ...

Forbes lists countries with the most Billionaires 2025: 50% wealthy live in THESE 3 countries… Check top 10 here

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  Forbes World's Billionaires List 2025: Where do the wealthy live? We take a look at the top 10, including the US, China and India, here. Pictured above: Skyline of New York city, USA. Forbes lists countries with the most Billionaires 2025: Over 3,000 billionaires across the world are richer by a combined $16.1 trillion wealth, according to Forbes' World's Billionaires 2025 List.  In fact, 50 per cent of these billionaires come from only three countries — the United States of America, China, and India. These three countries also account for the highest billionaire wealth generated over the past year, it added.  Forbes World's Billionaires List for 2025 The Forbes' World's Billionaires List 2025 has 3,028 entrepreneurs on the ranks — up 247 in numbers, compared to last year. They are also and richer by a collective $2 trillion, to be worth $16.1 trillion combined. The United States topped the list with a record 902 billionaires (up from 813 last year), followed ...