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India’s UK trade deal skips carbon tax exemption, hits steel and aluminium exports: GTRI

India was unable to secure a carve-out from the UK’s upcoming carbon tax regime under the newly signed Free Trade Agreement (FTA), a shortcoming that could hurt Indian exports of carbon-intensive products such as steel and aluminium from 2027, according to think tank Global Trade Research Initiative (GTRI).The UK government plans to implement its Carbon…

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Cipla Q1 results: Cipla Q1 profit rises 10% to Rs 1,298 crore; revenue grows to Rs 6,957 crore on India, Africa boost

Pharmaceutical major Cipla posted a 10% year-on-year increase in consolidated net profit at Rs 1,298 crore for the quarter ended June 30, 2025, aided by solid demand in domestic and select international markets. The company had reported a net profit of Rs 1,178 crore in the same period last year.Revenue from operations stood at Rs…

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Louis Vuitton eyes US expansion: CEO Bernard Arnault announces second Texas factory; hopes for good results from US-EU trade talks

Representative image (AI) Bernard Arnault , CEO of French luxury multinational conglomerate Louis Vuitton, on Thursday announced his intention to open a second factory in Texas, while hoping for a good conclusion for US-Europe trade talk, according to news agency Reuters.The recent quarterly numbers put out by the LVMH show lower-than-expected sales. This comes amid…

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‘Been hit quite hard…’: Bajaj Auto reels from China’s rare earth magnet curbs; Rajiv Bajaj says ‘looking at a zero month’

India’s second-largest electric scooter manufacturer by volume has been compelled to reduce its EV production by 50% this month. China’s rare earth magnet curbs are set to hit India’s auto sector, with Bajaj Auto being possibly the first to halt production of its electric scooters in August. According to Bajaj Auto managing director Rajiv Bajaj,…

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Stock market today: Nifty50 goes below 24,900; BSE Sensex down over 550 points – why is market falling?

Market experts anticipate Indian markets to trade within a defined range, with movements influenced by first-quarter earnings results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Friday. While Nifty50 went below 24,900, BSE Sensex was down over 550 points. At 11:07 AM, Nifty50 was trading…

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No more beef over beef: Australia to finally take a bite of American meat; ‘we are going to sell so much’ says Donald Trump

Australians will be finally biting onto American meet burgers and steaks as Canberra has decided to remove the trade barriers obstructing US meat’s way into the country.US President Donald Trump on Thursday (local time) hailed Australia’s decision to lift a decades-long ban on American beef as a “historic win” and proof that US produce is…

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Gold price prediction today: What’s the gold rate outlook for July 25, 2025; why a ‘sell on rise’ strategy makes sense?

Gold price prediction today: The short-term outlook for gold remains cautious, with bearish signals intact across major indicators. (AI image) Gold price prediction today: Gold rates will be under pressure with a bearish outlook for the near term, say analysts. Here’s the analysis from Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities:Gold…

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Asian stocks dip, breaking longest winning streak; S&P 500 notches record closing highs – Fed uncertainty weighs on global sentiment

Asian markets opened lower on Friday, ending their longest winning streak since January, as investor sentiment took a hit amid growing uncertainty over potential US Federal Reserve rate cuts. Shares in Japan and Australia declined, while South Korea edged slightly higher.With Japan’s trade agreement with the US temporarily settled, market focus shifted to the European…

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