Business

[ad_1] Billionaire investor and founder of Bridgewater Associates, Ray Dalio, is sounding the alarm—not about tariffs, but about something far more systemic. In a lengthy statement, Dalio urges the public and policymakers not to fixate on the headline-grabbing tariff wars, but instead to understand the underlying economic, political, and geopolitical forces that are fundamentally reshaping the world order."Don't make the mistake of thinking that what's now happening is mostly about tariffs," Dalio wrote. “A huge amount of attention is being justifiably paid to the announced tariffs and their very big impacts… while very little attention is being paid to the circumstances that caused them and the biggest disruptions that are likely still ahead.”Dalio, whose macroeconomic insights have guided Bridgewater to become one of the world’s most successful hedge funds, paints a grim but historically grounded picture. According to him, the […]

[ad_1] NEW DELHI: Commerce and industry minister Piyush Goyal will hold a key meeting with exporters on Wednesday to discuss the implications of the 26% additional reciprocal tariffs recently imposed by the US under President Donald Trump’s administration, according to an industry official.Senior officials from the commerce ministry, representatives from various Export Promotion Councils (EPCs), and the Federation of Indian Export Organisations (FIEO) are expected to attend the meeting.An official from one of the councils said exporters are preparing to raise concerns over the potential fallout of the U.S. tariffs, which could hurt demand and ultimately impact India's outbound shipments. “The duty may impact demand in the US, which would hurt our exports,” an exporter noted.The U.S. is India’s largest export market, accounting for nearly 18% of India’s total goods exports, 6.22% of imports, and 10.73% of bilateral trade. India's […]

[ad_1] BENGALURU: Doing more for less is regaining traction in the IT sector. Indian IT firms are grappling with volatility and bearish sentiment amidst a widespread stock market rout. Infosys and HCLTech stock prices declined by nearly 4% on Monday, while Cognizant and Accenture dropped 4% and 2% respectively in early trade on Nasdaq. US remains the largest revenue-contributing geography for large IT firms, accounting for over 50% of industry revenue. The IT index declined approximately 20% year-to-date, indicating elevated uncertainty stemming from Trump's reciprocal tariffs. IT companies were hopeful of some recovery in discretionary spending, but the current scenario will further push the recovery cycle.Incred Equities, in its research note, said the recent uncertainty and lack of urgency to spend could potentially moderate spending pattern and, in turn, heighten call for 'doing more for less'. "This implies vendors need […]

[ad_1] NEW DELHI: JP Morgan CEO Jamie Dimon has suggested that the US, in its effort to make trade fairer for the nation, need not ask "non-aligned nations, like India and Brazil" to align but "can bring them closer" by "extending a friendly hand with trade and investment." This comes as Donald Trump's 10% tariffs on all US imports kick in."We already trade with most nations on the planet – and, of course, we should always be trying to make it better and fairer for America. Deepening high-standard trade with key trading partners is good economics and great geopolitics. And we don’t need to ask many non-aligned nations, like India and Brazil, to align with us – but we can bring them closer to us by simply extending a friendly hand with trade and investment," Dimon said in his annual […]

[ad_1] This is an AI generated image (For representative purposes only) BENGALURU: In India’s newest retail experiment, the question isn’t just what consumers want – but how fast they want it. A cluster of startups and incumbents, including Slikk Club, Myntra MNow, Rocketzone, and Blip, are re-engineering fashion ecommerce for hyperlocal speed, compressing the timeline between trend discovery and doorstep delivery to as little as 30 minutes.This emerging sector, which blends rapid fulfilment with curated selection, borrows from both social media and supply chain playbooks. Platforms drop limited-time edits tailored to micro trends and urban context, often inspired by influencers or viral aesthetics. Inventory is held in dark stores, local warehouses, or hyperlocal offline retailers, optimised not for breadth but for relevance and turnover.“It’s a shift from variety to velocity,” says Angshuman Bhattacharya, partner and national leader of the consumer […]

[ad_1] The incident highlighted the stark contrast in potential outcomes of Trump's international trade policies. (AI image) It was a $2.5 trillion rally that lasted just 7 minutes - amidst all the global gloom and doom - the US stock markets rallied briefly on Monday. And all because of a rumour that Trump may for now decide not to impose reciprocal tariffs. Investors quickly discounted a false report about US President Donald Trump's supposed 90-day tariff pause and adjusted their trading accordingly.Subsequently, trading activity stabilised, with investors neither aggressively selling nor buying. The main US indices fluctuated between positive and negative territory throughout Monday's session, reflecting market uncertainty.This incident highlighted the stark contrast in potential outcomes of Trump's international trade policies. Maintaining current tariffs could potentially trigger economic contraction and push the S&P 500 into bearish territory. Conversely, removing them […]

[ad_1] File photo of US President Donald Trump and Tesla and SpaceX CEO Elon Musk (Pic credit: AP) Tech billionaire and DOGE head Elon Musk made direct appeals to US President Donald Trump to reverse sweeping tariffs over the past weekend. According to a report in Washington Post, which cited sources, Musk's efforts were unsuccessful.Highest-profile disagreement between Musk and Trump The interaction represents the highest-profile disagreement between Musk and Trump, who have until now largely aligned on policy matters. The rift came after the president announced a sweeping 10 per cent baseline tariff on all imports to the United States, alongside steeper duties targeting specific countries.Both the White House and Musk are yet to respond to the report of Tesla CEO's request to Trump.Global marketplummet The global market on Monday witnessed a meltdown after Trump doubled down on his tariffs […]

[ad_1] Investors who rebalanced their portfolios in September 2024 when markets were zooming suffered much less. Whenever markets go into a tailspin, investors start thinking about asset allocation. But it should not be that way, because periodic rebalancing in a disciplined way controls the portfolio risk and ensures stability of returns in the long term. That's not just theory–rebalancing actually works. Investors who rebalanced their portfolios in September 2024 when markets were zooming suffered much less when markets crashed in the following months.But rebalancing is counter-intuitive because you are required to buy what is down in the dumps and sell what is doing well. Most investors don’t do this. In fact, going by the gargantuan Rs 30,350 crore net inflows into small and mid-cap equity funds in the first six months of 2024, investors were buying more and more of […]

[ad_1] The Tata Group suffered considerably, with its market capitalisation decreasing by ₹2.08 lakh crore in April. (AI image) Indian stock market indices, BSE Sensex and Nifty50, plunged sharply in trade on Monday as global fears on the impact of Donald Trump administration's reciprocal tariffs sent shockwaves in world markets. Indian equity markets crashed in April, with investors losing Rs 24 lakh crore. The Sensex and Nifty indices experienced their most severe single-day drop in 10 months on Monday, triggered by concerns over Trump's reciprocal tariff policies potentially leading to US economic downturn and increased inflation. The day's significant decline marked one of the steepest falls for these benchmark indices in five years.The BSE Sensex, comprising 30 shares, plummeted by 2,226.79 points (2.95 per cent) to close at 73,137.90. Throughout the trading session, the index witnessed a substantial decline of […]