Stock market today: BSE Sensex tanks over 500 points; Nifty50 near 23,200 as Trump imposes 26% reciprocal tariffs on India

Market experts indicate that Indian equities are likely to experience fluctuations, influenced by global market reactions. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday after US President Donald Trump announced 26% reciprocal tariffs on India. While BSE Sensex dipped over 500 points, Nifty50 was…

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Donald Trump reciprocal tariffs: Why India’s agricultural exports are likely to be little affected

Trump’s tariffs on Indian products would have a restricted impact on crucial agricultural exports. India may sustain or potentially increase its agricultural exports to the United States, despite US President Donald Trump’s new reciprocal tariff implementation, according to distinguished agricultural economist Ashok Gulati.The Trump administration’s 26 per cent “discounted reciprocal tariff” on Indian products would…

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Cheer on reciprocal tariffs! Donald Trump spares India’s pharmaceutical industry

The US market represents 30% of Indian pharmaceutical exports. (AI image) US President Donald Trump has provided significant relief to India’s pharmaceutical sector by excluding pharmaceuticals from the new reciprocal tariffs regulation on Thursday.“Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles…

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TOI explainer: India likely to gain as Trump tariff shake-up hits Asia

The US tariffs present an opportunity for India to enhance its global trade and manufacturing position. In a sweeping move on April 2, 2025, US President Trump announced a comprehensive new tariff framework aimed at reducing America’s trade deficit and bolstering domestic manufacturing. Dubbed the “Reciprocal Tariff Policy,” the plan first introduces a 10% universal…

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NPCI, banks tie up to curb fraud in UPI

CHENNAI The National Payments Corporation of India (NPCI) is piloting a ‘federated model’ in collaboration with banks to eliminate frauds using UPI transactions. India’s umbrella organisation for operating retail payments and settlement systems is also leveraging AI and machine learning tools to detect suspicious transactions through UPI. NPCI chief risk officer Viswanath Krishnamurthy said that…

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Tesla sales dips 13% in Q1 as aging models and Musk’s controversies weigh on demand

Tesla sales decline (Photo-AP) Tesla‘s sales fell in the first quarter of 2025, marking a 13% drop and indicating potential challenges ahead for the electric vehicle giant, according to news agency AP. The decline, which saw global deliveries fall to 336,681 units in the January-March period, down from 387,000 during the same period last year,…

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What are reciprocal tariffs and how is Donald Trump using them? | International Business News

President Donald Trump listens to Kid Rock before signing an executive order in the Oval Office of the White House in Washington, Monday, March 31, 2025. (Pool via AP) Reciprocal tariffs are a trade policy mechanism where a country imposes tariffs on imports that match the tariffs its exports face in foreign markets. The concept…

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