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In a recent update from Mumbai, the SENSEX rose by 536.24 points to close at 81,654.84, while the NIFTY gained 183.55 points, reaching 24,902.15. Crude oil prices increased by 47.00, settling at 6,332.00, whereas gold prices fell by 401.00 to 99,875.00. Silver, however, saw a rise of 137.00, reaching 106,630.00. In a separate incident, an Air India flight from Hong Kong to Delhi returned to its origin after the pilot detected a potential technical issue. The flight, which took off at 12:16 PM local time, landed safely back in Hong Kong, with all passengers disembarking as the aircraft underwent inspection. This story is still developing, and further updates are expected. 
Published: Jun 16 2025, 12 pmeznews.inIndia's dependence on Russian oil has surged dramatically from 0.2% of its total crude imports before the Russia-Ukraine war to 35-40% currently, making Russia its largest supplier. This shift occurred after the invasion of Ukraine in February 2022, as India capitalized on discounted Russian oil that Western nations began to shun. In June 2022, Russia overtook Iraq as India's top oil supplier, and imports peaked at 2.15 million barrels per day in May 2023. Amidst this, U.S. President Donald Trump announced a 25% tariff on all Indian goods, citing India's significant military and energy ties with Russia. Despite Western sanctions, India's oil purchases have been economically motivated, with refiners processing Russian crude and exporting the products to countries that have banned direct imports from Russia. Throughout the conflict, India has maintained a neutral stance, prioritizing its energy security and economic interests.
Published: Jul 30 2025, 10 pmeznews.inUS President Donald Trump's recent announcement of a 25% tariff on Indian goods has sparked significant concern within India's industrial sector, with experts warning of potential economic repercussions. The tariff, which exceeds the baseline increase in US tariffs from 10% to 15%, is expected to heavily impact key sectors such as gems and jewelry, electronics, pharmaceuticals, and textiles. Economists predict that if no trade agreement is reached by September, India's GDP growth could be downgraded by 20 basis points. The US is a crucial market for India, accounting for over $10 billion in jewelry exports alone. Industry leaders express fears that the tariffs could disrupt supply chains and threaten livelihoods, while some remain cautiously optimistic about future trade negotiations. The Federation of Indian Chambers of Commerce and Industry (FICCI) expressed disappointment but hopes for a swift resolution to restore trade balance.
Published: Jul 30 2025, 9 pmeznews.inIndustry experts have expressed disappointment over US President Donald Trump's unilateral decision to impose a 25% tariff on Indian goods, fearing it will disadvantage Indian exports compared to competitors like Vietnam and Indonesia, which benefit from lower tariffs. While there is hope for a comprehensive trade agreement by October, experts stress the importance of India prioritizing its national interests amid US demands. Ashwani Mahajan from Swadeshi Jagaran Manch emphasized the need for adherence to WTO rules and highlighted India's strategic oil purchases from Russia as beneficial for global inflation. Economists like Aditi Nayar and Garima Kapoor warned that the tariffs could significantly hinder India's GDP growth and competitive position in labor-intensive sectors. The announcement has escalated trade tensions, prompting calls for India to recalibrate its trade strategy to enhance competitiveness and align with global norms, as the US remains a crucial market for Indian exporters.
Published: Jul 30 2025, 9 pmeznews.inUS President Donald Trump has announced a 25% reciprocal tariff on Indian goods, alongside unspecified penalties for India's purchases of arms and oil from Russia, following New Delhi's refusal to meet US demands for significant tariff reductions in ongoing bilateral trade agreement negotiations. Trump criticized India's high tariffs and "obnoxious" non-trade barriers, stating that these factors have hindered business relations. In response, India's Commerce Ministry emphasized its commitment to a fair trade agreement while protecting national interests. The impending tariffs, effective from August 1, have raised concerns among exporters, who fear they will be disadvantaged compared to competitors like Vietnam and Indonesia. Experts advise India to resist US pressure and maintain its sovereignty, highlighting that it is not significantly worse off than countries that have made concessions to the US. As negotiations continue, stakeholders hope for a breakthrough in the upcoming talks.
Published: Jul 30 2025, 9 pmeznews.inIndia's electronics and manufacturing sector is bracing for short-term challenges following the US's imposition of a 25% tariff on Indian goods, a move that industry stakeholders warn could undermine price competitiveness and disrupt supply chains. Ashok Chandak, President of the India Electronics and Semiconductor Association, noted that the tariff, which exceeds the baseline 10%, diminishes India's competitive edge against other Asian nations. Kunal Chaudhary, a tax partner at EY India, echoed concerns about potential uncertainty for investors and original equipment manufacturers (OEMs) considering India as an export hub. However, experts see this as an opportunity for India to enhance its competitiveness by diversifying export markets and developing domestic brands. Despite the tariff's impact, India's electronics sector has shown resilience, with projections of significant growth, particularly in smartphone exports, which recently surpassed those of China. The ongoing trade negotiations may yield a favorable resolution in the coming months.
Published: Jul 30 2025, 9 pmeznews.inIndiGo's net profit fell by 20.2% year-on-year to ₹2,176.3 crore for the April-June quarter of FY26, attributed to geopolitical tensions and airspace restrictions, despite a 4.7% rise in operational revenue to ₹20,496.3 crore. Total income increased by 6.4% to ₹21,542.6 crore, driven by a 7.8% rise in passenger ticket revenue and a 22.1% surge in ancillary revenues. However, operational costs rose by 10.2% to ₹19,231.9 crore, impacting profitability. The airline transported over 31 million passengers, an 11.6% increase, while its EBITDAR margin slightly declined to 28%. IndiGo's cash position remains strong at ₹49,405.7 crore, with plans for mid-to-high single-digit capacity growth in the next quarter. CEO Pieter Elbers highlighted the successful launch of a loyalty program and the introduction of new aircraft to enhance services, despite challenges from recent flight cancellations and geopolitical issues.
Published: Jul 30 2025, 6 pmeznews.inJSW Infrastructure Ltd, India's second-largest commercial port operator, is significantly expanding its logistics arm, targeting a turnover of ₹700-800 crore and an EBITDA of ₹100 crore by FY26. The logistics strategy will leverage captive volumes from the JSW Group and return cargo from EXIM players, with a capital investment exceeding ₹9,000 crore planned to support long-term growth. Following its acquisition of Navkar Corporation for ₹1,700 crore, JSW Infra aims to enhance its logistics capabilities, including the establishment of new Gati Shakti terminals and strategic acquisitions. The company is also focused on doubling its cargo handling capacity from 177 million tonnes per annum to 400 million tonnes by FY30. With a manageable net debt of ₹1,246 crore, JSW Infra is well-positioned to pursue its ambitious growth plans, which include multiple port projects and the development of a pan-India multi-modal logistics network.
Published: Jul 30 2025, 6 pmeznews.inThe International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), in collaboration with the Indian Council of Agricultural Research (ICAR) and other partners, is set to launch an innovative project in Maharashtra aimed at providing smallholder farmers with personalized, real-time climate advisory services using artificial intelligence and machine learning. This initiative, named AI-powered Context-Specific Agromet Advisory Services for Climate-Resilient Agriculture at Scale, will deliver actionable recommendations on critical farming decisions such as sowing, irrigation, and pest management through accessible digital platforms, including an AI-driven WhatsApp bot. The project, supported by the Government of India’s Monsoon Mission III, will initially focus on Maharashtra, with insights from this phase guiding a broader national rollout and potential expansion across the Global South. The upgraded Intelligent Systems Advisory Tool (iSAT) will facilitate the transformation of complex climate data into user-friendly advisories, addressing the challenges posed by climate variability.
Published: Jul 30 2025, 8 pmeznews.inUS President Donald Trump announced on Wednesday that a 25% tariff on goods imported from India will take effect on August 1, 2025. In a post on Truth Social, Trump criticized India's high tariffs, which he described as among the highest globally, and highlighted the country's non-monetary trade barriers. He also noted India's significant military purchases from Russia and its status as a major buyer of Russian energy, particularly amid ongoing tensions related to the Ukraine conflict. Trump did not specify the nature of an additional penalty that India would face on the same date. The Indian commerce ministry, responsible for trade negotiations with the U.S., has yet to respond to the announcement. The move marks a significant escalation in trade tensions between the two nations, which have historically maintained a friendly relationship despite economic challenges.
Published: Jul 30 2025, 6 pmeznews.inThe Institute of Chartered Accountants of India (ICAI) is set to launch a specialized training program next month aimed at preparing its members to offer professional services in the UK, capitalizing on the new India-UK Free Trade Agreement (FTA). ICAI President Charanjot Singh Nanda announced that the first cohort of around 200 professionals will commence training, following a successful initiative for the US that has already trained over 1,000 individuals. Nanda highlighted plans to extend the program to five countries, including Australia, New Zealand, and Canada, within a year. The ICAI played a crucial role in negotiating favorable terms for Indian professionals in the FTA, ensuring market access and mutual recognition of qualifications. Additionally, ICAI has signed agreements with NSE IFSC Ltd and the Indian Venture and Alternate Capital Association to enhance investor education and professional development in India's capital markets.
Published: Jul 30 2025, 6 pm
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