India's gem and jewellery industry is reeling from US President Trump's decision to double import tariffs to 50%. The industry plans to establish manufacturing units in the UAE and Mexico to circumvent the high tariffs and maintain access to the crucial US market. Industry leaders fear significant disruptions and job losses if alternative routes aren't established swiftly.
The investigation into the fatal Air India crash on June 12 in Ahmedabad is ongoing, and the Aircraft Accident Investigation Bureau (AAIB) will examine all the aspects to determine the probable causes and contributory factors leading to the flight AI 171 accident, the Parliament was informed on Thursday.
Among Sensex firms, Tech Mahindra, HCL Tech, Eternal, Axis Bank, Maruti, Tata Steel, HDFC Bank and Asian Paints were the gainers
The Sensex recovers 925 points or 1.1% from the day's low to close at 80,623, which is 79.27 points or 0.1% higher than the previous close. Know why market was down in the morning:
At the interbank foreign exchange, the domestic unit opened at 87.69 and moved in a range of 87.67-87.77 during the day before settling at 87.69 (provisional), rising 3 paise from its previous close
Union Minister Nitin Gadkari has directed the top officials to study the condition and to take appropriate steps for the National Highway-8, officials said on Wednesday.
JSW Cement IPO GMP: Its grey market premium currently stands at 4.08%, indicating a weak market debut.
Speaking to The Hindu, Scott Wang, Vice President, Asia Pacific, for the World Trade Centers Association, acknowledged that the world is becoming more divided and that the international trade landscape was becoming more fragmented.
A casual ride during an inspection turned controversial after it was revealed that the scooter used had 34 traffic violations and unpaid fines totalling Rs 18,500.
A cumulative 50 per cent tariff threatens widespread job losses, destabilises local economies, and risks eroding a rich cultural heritage. We urge the government to act swiftly and engage in trade negotiations that protect these livelihoods and uphold India's global leadership in handcrafted jewellery."
Highway Infrastructure IPO: The IPO's grey market premium has fallen to 51.43%, compared with 57.14% earlier, still indicating strong listing gains for investors.
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