BUSINESS
Paytm Sees Block Trade of 1.7 Crore Shares; Stock Dips Slightly
The massive trades, wherein 1.7 crore shares were traded, created market interest as the names of the sellers and buyers are not known.
India Notifies WTO of Tariff Measures to Retaliate Against US Steel Duties
In a reply to the WTO, India pointed out that the U.S. measures it views as safeguard measures cover nearly \\$7.6 billion of Indian exports. The estimated tariff burden of the U.S. duties stands at nearly \\$1.91 billion.
Indian Rupee Strengthens Against the US Dollar in Early Trade
Experts have estimated the day's trading range to be between ₹84.50 and ₹85.25. The US dollar continued to hold its ground after the United States and China signed a crucial trade agreement.
India Seeks WTO Approval for Retaliatory Tariffs on US Steel and Aluminium Duties
India's proposed duties would be leveled against US imports worth $7.6 billion, while duty collections were projected to stand at $1.91 billion, based on a WTO communication. This action is to counter the negative impact of US tariffs on Indian goods.
India-Pakistan Tensions Cause Ongoing Flight Disruptions
Air India canceled flight services operating in both directions to and from cities like Jammu, Leh, Jodhpur, Amritsar, Bhuj, Jamnagar, Chandigarh, and Rajkot.
US, China sign deal to roll back tariffs for 90 days
According to the deal, the US will reduce tariffs on Chinese products from 145% to 30% for 90 days, and China will slash tariffs on US products from 125% to 10% for 90 days.
Government Greenlights Reopening of 32 Airports Amid De-escalation Along India-Pakistan Border
The airports were shut down in enforcement of the increase in cross-border drone and missile attacks after terrorists allegedly sponsored by Islamabad killed 26 tourists in Pahalgam.
Sensex Rallies Over 2,100 Points; Nifty Soars Past 24,650 Amid India-Pakistan Ceasefire
The Sensex had increased by 2,185 points, or 2.75%, at around 10:11 AM, to reach 81,640.01, while the Nifty gained 672.80 points, or 2.80%, to 24,680.80.
Trump Vows to Maintain 10% Tariff Floor Amid Global Trade Negotiations
In addressing the media in his White House interview, Trump answered a question about whether the minimum tariff would still be in place if the trading partners had agreed to remove duties on U.S. exports as part of reciprocal trade negotiations.
32 Airports in India Shut for Civilian Flights Amid Ongoing Military Conflict
The move, made public early today, comes against the backdrop of the ongoing military standoff between India and Pakistan, which escalated after India launched its May 7 raids on terror camps in Pakistan and Pakistan retaliated with shelling of border posts.
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