Gaurav Bansal

[ad_1] US export shipments from China are on hold. Indian companies and Chinese part makers are negotiating to lower prices by up to 5%. (AI image) Chinese electronics component makers are offering price reductions of up to 5% to Indian companies as part of new sourcing contract negotiations, driven by concerns over the US trade conflict. US President Donald Trump has slapped a whopping 125% tariff on Chinese goods after China announced retaliatory tariffs.The US-China trade dispute has considerably reduced new orders to Chinese manufacturers, as global supply networks adjust to reciprocal tariffs, with the US imposing the highest rate of 125% on Chinese goods. The decreased American demand for Chinese electronics will also affect component requirements.The discounts being offered by Chinese companies are a substantial concession in an industry with slim 4-7% profit margins, according to an ET report. […]

[ad_1] NEW DELHI: Indian exporters got a three-month reprieve from the 26% reciprocal tariff, but the good news comes with higher risk of desperate Chinese industry scrambling for alternative markets to dump their goods, amid Trump's 125% duty on China.Indian policymakers were seeing it as a cautionary tale about the fluidity and volatility of the situation and justified their decision to engage with the US rather than being baited into a knee-jerk reaction.Trump's 90-day pause suddenly makes sourcing of goods from India more attractive for companies that have a presence both in India and China, a move that could help spur economic activity in the country. It also gives time for govt to work out a strategy and engage with the US to speed up the proposed trade deal, although officials will have to get back to the drawing board.The […]

[ad_1] Bitcoin experienced an exhilarating rally on Wednesday afternoon, spiking more than 7% to hit $82,350.37, following a surprise announcement from US President Donald Trump. Trump revealed on social media that he had authorized a 90-day pause on tariffs, offering a brief but much-needed breather to the market. This move not only sparked a surge in Bitcoin’s price but also had a ripple effect across the broader cryptocurrency landscape.Earlier in the day, Bitcoin had dipped as low as $74,567.02, pressured by a brief spike in the US 10-year Treasury yield, which had climbed over 4.51%. However, as Trump’s tariff pause news broke, Bitcoin’s price quickly reversed course, soaring higher, as per CNBC report. The broader crypto market didn’t miss out on the action. Ethereum, Dogecoin, and XRP all surged by more than 12%, while Solana’s token shot up by an […]

[ad_1] MUMBAI: The rupee fell 41 paise against the dollar on Wednesday, tracking weakness in the yuan. The local unit, which closed at 86.27 on Tuesday, declined to a three-week low of 86.71 before settling at 86.68. In three days the rupee has weakened by 144 paise against the dollar.The stock market traded steady on Wednesday despite escalation of the US-China tariff war and closed marginally down. RBI decision to cut interest rates by an expected 25-basis points (100bps = 1 percentage point), did not have much impact on Dalal Street investors as that was already discounted by investors in the run-up to the rate setting committee meeting. The stock market will open next on Friday as Thursday is a trading holiday on account of Mahavir Jayanti. [ad_2] Source link

[ad_1] NEW DELHI: After collecting a record Rs 74,000 crore in dividends from central public sector undertakings during the last financial year, govt on Wednesday encouraged private companies to provide fair dividends to their shareholders. It also asserted that it would adjust its disinvestment strategy according to the prevailing market conditions."While market capitalisation of public sector undertakings is only 10% of the overall m-cap, they have distributed about 25% of total dividends. We will also encourage private corporations to declare fair dividends for their minority shareholders so that together, we can make our stock market a more inclusive and rewarding space for the common investor," Dipam secretary Arunish Chawla told reporters.At the same time, he assured investors that the payout did not come at the cost of capital expenditure and that even in the current financial year, they would meet […]

[ad_1] Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after US President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Brent futures were up $1.8, or 3%, to $64.6 a barre - the contracts lost about 7% earlier in the session before the reversal. Meanwhile, gold extended gains for the biggest intraday jump in five years as global markets gyrated and bonds sold off after Trump's announcement and China and Europe hit back with levies of their own. Spot gold rose as much as 3.8% to as high as $3,095 an ounce on Wednesday, the biggest intraday increase since March 2020. "Gold is currently the ultimate safe haven," said an analyst.Agencies [ad_2] Source link

[ad_1] MUMBAI: Pratyush Sinha, a former chief vigilance officer and retired IAS officer, has been appointed to lead Sebi's high-level committee (HLC) focusing on conflict of interest, disclosures and associated matters concerning the regulatory body's members and officials. The other members of the committee include Injeti Srinivas, Uday Kotak, G Mahalingam, Sarit Jafa, and R Narayanaswamy, a Sebi release said.Sebi in its March 24 board meeting had approved the constitution of a committee that will conduct a thorough assessment of regulations regarding conflict of interest, declarations of property, investments, liabilities, and associated matters pertaining to the regulator's board members and officials.The HLC will review Sebi's existing policies and frameworks governing conflict of interest, disclosures and related matters and identify any gaps or ambiguities, the release said. It will also recommend a robust framework for preventing, mitigating and managing conflict of […]

[ad_1] LONDON/ DELHI: Finance minister Nirmala Sitharaman said on Wednesday that the govt is focusing on ensuring that domestic demand stayed strong to maintain the underlying strength of the Indian economy. Her comments come amid fears that US tariffs would cause global slowdown, which also prompted RBI to lower the forecast for the current fiscal year. While backing RBI's latest rate cut, FM said the Indian economy would require support from both the central bank and the ministry to maintain growth in the face of global uncertainties induced by the US tariff hikes. "The ministry has been keeping pace with certain policy decisions and also in the Budget, several announcements have been made to invigorate growth and now, therefore coming to this decision (rate cut) is absolutely welcome," Sitharaman said.On the long-term impact of US tariffs on Indian imports, she […]

[ad_1] MUMBAI: A smart recovery in the US markets overnight, positive global cues and short covering in Tuesday's session aided an impressive comeback for the stock market after Monday's rout. At close, the sensex was up 1,089 points or 1.5% at 74,227 points while the Nifty was up 374 points or 1.7% at 22,536 points. On Monday, the sensex had lost 2,227 points, its sixth biggest single-day fall ever.Tuesday's rise came on the back of reports that several countries have reached out to the US to negotiate trade terms and overcome impending hurdles to bilateral trade after Trump proposed steep new tariffs on April 2 on many of the US's trading partners."Following positive global cues, led by interest of many nations to enter into bilateral agreements with the US, the domestic market witnessed a recovery," said Vinod Nair of Geojit […]

[ad_1] Global markets experienced significant declines on Wednesday as the US-China trade war escalated. China retaliated to US tariffs with an announcement of new levies of 84% on US goods, causing US equity futures to fall by 1.7%. European stocks also slumped, losing more than 4%, according to Bloomberg.The selloff continued as the yield on 30-year US Treasuries surged above 5% for the first time since November 2023, signalling growing concerns about the US bond market’s status as a safe haven. The surge in bond yields spread across global markets, with UK borrowing costs rising to their highest levels since 1998 and Japanese 40-year bond yields hitting a record peak. The US dollar weakened for a second consecutive day.“We’re well into an escalation phase in the trade war, and investors have nothing to hold onto at the moment,” said Alexandre […]