Overview

Indian equity indices decline sharply over US tariff concerns

Indian equity indices decline sharply over US tariff concerns

The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect.

Sensex ended the session at 80,080.57, down 705 points or 0.87 per cent. The 30-share index started the session in negative territory at 80,754 against last session's closing of 80,786.54 amid selling across the sectors. The Index further extended the losing momentum to hit an intra-day low at 80,013.02 following the implementation of US tariffs on Indian goods.

Nifty settled at 24,500.90, down 211.15 points or 0.85 per cent.

Dharam Singh Kalaur Appointed Member of Political Affairs Committee: Tiwana

Dharam Singh Kalaur Appointed Member of Political Affairs Committee: Tiwana

Dharam Singh Kalaur, who has been serving the Shiromani Akali Dal (Amritsar) with dedication and honesty for many years, has been appointed as a Member of the party’s Political Affairs Committee (PAC).
ਧਰਮ ਸਿੰਘ ਕਲੌੜ ਸਿਆਸੀ ਮਾਮਲਿਆਂ ਦੀ ਕਮੇਟੀ ਦੇ ਮੈਬਰ ਨਿਯੁਕਤ ਕੀਤੇ ਜਾਂਦੇ ਹਨ : ਟਿਵਾਣਾ

ਧਰਮ ਸਿੰਘ ਕਲੌੜ ਸਿਆਸੀ ਮਾਮਲਿਆਂ ਦੀ ਕਮੇਟੀ ਦੇ ਮੈਬਰ ਨਿਯੁਕਤ ਕੀਤੇ ਜਾਂਦੇ ਹਨ : ਟਿਵਾਣਾ

“ਧਰਮ ਸਿੰਘ ਕਲੌੜ ਜੋ ਲੰਮੇ ਸਮੇ ਤੋ ਪਾਰਟੀ ਦੀ ਨਿਰਸਵਾਰਥ ਸੇਵਾ ਕਰਦੇ ਆ ਰਹੇ ਹਨ । ਬਤੌਰ ਇਲਾਕਾ ਸਕੱਤਰ ਫਤਹਿਗੜ੍ਹ ਸਾਹਿਬ ਦੀ ਜਿੰਮੇਵਾਰੀ ਨਿਭਾਉਦੇ ਆ ਰਹੇ ਸਨ, ਉਨ੍ਹਾਂ ਦੀਆਂ ਅਣਥੱਕ, ਨਿਰਸਵਾਰਥ, ਇਮਾਨਦਾਰੀ ਵਾਲੀਆਂ ਸੇਵਾਵਾਂ ਨੂੰ ਮੁੱਖ ਰੱਖਦੇ ਹੋਏ ਪਾਰਟੀ ਪ੍ਰਧਾਨ ਦੇ ਹੁਕਮਾਂ ਅਨੁਸਾਰ ਉਨ੍ਹਾਂ ਨੂੰ ਬਤੌਰ ਸ਼੍ਰੋਮਣੀ ਅਕਾਲੀ ਦਲ (ਅੰਮ੍ਰਿਤਸਰ) ਦੀ ਸਿਆਸੀ ਮਾਮਲਿਆਂ ਦੀ ਕਮੇਟੀ ਦੇ ਮੈਬਰ ਨਿਯੁਕਤ ਕੀਤਾ ਜਾਂਦਾ ਹੈ । 

GST simplification to lower goods' prices, ease inflation pressure: Report

GST simplification to lower goods' prices, ease inflation pressure: Report

The government’s plan to simplify the Goods and Services Tax (GST) structure

Two defence choppers rescue five men trapped in Telangana floods

Two defence choppers rescue five men trapped in Telangana floods

Two armed forces helicopters rescued five villagers trapped in floods in Telangana's Rajanna Sircilla district on Thursday.

Removal of duty on US cotton a fatal blow to farmers: Kejriwal

Removal of duty on US cotton a fatal blow to farmers: Kejriwal

Aam Aadmi Party national convenor and former Delhi Chief Minister Arvind Kejriwal on Thursday accused the Centre of betraying farmers by removing the 11 per cent import duty on cotton, alleging that the move was taken under pressure from the US.

Kejriwal said the decision would render domestic farmers uncompetitive, as US cotton would now be available Rs 15-20 cheaper per kg than Indian cotton.

He claimed that India’s textile industry will procure cheaper imports before October, leaving Indian farmers without buyers when their produce reaches the market.

Apple, Samsung send legal notices to Xiaomi over ad campaign

Apple, Samsung send legal notices to Xiaomi over ad campaign

Tech giants Apple and Samsung have sent legal notices to Xiaomi after the Chinese smartphone maker ran advertisements directly comparing its latest flagship with their premium devices.

According to people familiar with the matter, both companies have issued cease-and-desist notices, objecting to what they see as ‘disparaging content’ in Xiaomi’s campaign.

A cease-and-desist notice is a formal legal document that asks a company to immediately stop a certain activity considered unlawful or damaging.

South Korea recommends accepting Chinese steel firms’ price hike as anti-dumping measure

South Korea recommends accepting Chinese steel firms’ price hike as anti-dumping measure

South Korea's trade watchdog on Thursday recommended the government accept a proposal from Chinese steel companies to raise export prices of their hot-rolled carbon and alloy steel plates over the next five years as part of anti-dumping remedies.

The Korea Trade Commission (KTC) said it has decided to make such a recommendation to the Ministry of Economy and Finance for nine Chinese steel exporters, including Baoshan Iron & Steel Co. and Jiangsu Shagang Steel Co, reports news agency.

The companies have proposed a price undertaking after the KTC reached a preliminary decision in February to impose anti-dumping duties, having determined that the exporters inflicted damage on the Korean steel industry by selling their products here at excessively low prices.

Telangana's Kamareddy, Medak receive highest rainfall in 50 years

Telangana's Kamareddy, Medak receive highest rainfall in 50 years

Kamareddy and Medak districts of Telangana received the highest rainfall in the last 50 years, state government officials said on Thursday.

The two districts witnessed unprecedented rain during the last 24 hours, triggering flash floods.

While Argonda station at Rajampet mandal in Kamareddy received 44 cm of rain, a total of 23 locations received more than 20 cm of rainfall. These include 10 stations in Kamareddy, four in Nirmal, six in Medak and the remaining in Nizamabad and Siddipet.

This has been the heaviest downpour in such a short span in the last 50 years.

India's job posting activities remain 70 pc above pre-pandemic level in July

India's job posting activities remain 70 pc above pre-pandemic level in July

Job posting activities in India remain 70 per cent above pre-pandemic levels in July, highlighting the resilience of formal hiring despite the slowdown, a report said on Thursday.

High-skilled roles continue to lead the hiring momentum. Over the past three months, job postings for data and analytics grew by 15.4 per cent, followed by logistic support (14.3 per cent), therapy (13.7 per cent), and dental (13.6 per cent), a report from Indeed Hiring Lab said.

According to the report, software development, while not the fastest growing, remained consistent with postings up 9.2 per cent in the last three months.

Meanwhile, the formal job market softened in the month, with job postings on global matching and hiring platform Indeed declining 5.8 per cent after two consecutive months of growth.

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