The Houthis control northern Yemen, including the coastline along the Bab el-Mandeb Strait at the southern entrance to the Red Sea. (Satellite image of Bab el-Mandeb by Reuters) Red Sea oil supply disruptions have begun! Three tankers carrying Saudi Arabia crude oil that were bound for China and India reversed course in the Red Sea…
Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry’s biggest export markets.The sell-off came even though the proposal gives generic drugmakers a two-year tariff-free window before steep duties are introduced. Nifty Pharma…
Rupee came under pressure in early trade on Wednesday, opening 11 paise lower at 96.36 against the US dollar. The slump came as rising crude oil prices and increased demand for safe-haven assets weighed down the currency.Earlier on Tuesday, rupee had ended at 96.25 against the greenback before slipping at the opening of the interbank…
Asian equities opened higher on Wednesday, tracking overnight gains on Wall Street as investors looked past rising geopolitical tensions in the Middle East and focused instead on a rebound in technology stocks.The gains were led by Japan, South Korea and Taiwan. Japan’s Nikkei climbed 1.30% or 861.21 points to 67,093.4, while South Korea’s Kospi surged…
MUMBAI: Anand Group, the over $3 billion auto components conglomerate, is undertaking two linked transactions worth about Rs 3,180 crore through listed flagship Gabriel India that will lift promoter Anjali Singh and family’s stake in the company to 68% and deepen its footprint in the sector.Gabriel will buy out the Singh family’s 29% stake in…
Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…
Govt has allocated little less than Rs 1.8 lakh crore fertiliser subsidy for 2026-27 NEW DELHI: Govt has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the current fiscal year, indicating the subsidy bill is set to exceed the budget estimate due to the…
Like the Strait of Hormuz, the Bab el-Mandeb Strait is a strategically important maritime shipping route. In March 2026, India was faced with an unprecedented oil supply and price shock. Four months from then, India has managed to successfully secure its crude supplies through a diversified procurement basket relying mainly on Russian crude to tide…
India will need to address structural challenges such as high trade costs, regulatory complexity, infrastructure gaps and barriers to deeper global integration if it is to achieve its ambition of becoming a developed nation by 2047, according to the World Trade Organisation’s (WTO) latest Trade Policy Review (TPR) report.The report said India remained the fastest-growing…
File photo: US President Donald Trump speaks during an event to announce new tariffs on April 2, 2025, in Washington (Picture credit: AP) TOI correspondant from Washington: MAGA boss Donald Trump is preparing to unleash yet another wave of tariffs on dozens of countries, including India, within days, doubling down on his favorite economic weapon…
