McKinsey & Co. Urges CFOs to ‘Lean Into' Change
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Business Upturn
13 minutes ago
- Business Upturn
Tata Motors shares in focus as JLR UK sales drop 12% YoY in June 2025
By Aman Shukla Published on July 4, 2025, 13:44 IST Tata Motors shares remained in focus on Friday after its UK-based luxury vehicle subsidiary Jaguar Land Rover (JLR) reported a decline in sales for June 2025. As of 13:43, the shares were trading 0.52% lower at Rs 686.80. According to company data, JLR sold 5,672 units in the UK during the month, down from 6,421 units in June 2024—marking a year-on-year (YoY) drop of nearly 12%. Tata Motors shares opened at ₹691.00 on the NSE and touched an intraday high of ₹692.85. The stock hit a low of ₹686.35 during early trade. It remains significantly below its 52-week high of ₹1,179.00, but comfortably above its 52-week low of ₹535.75. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
14 minutes ago
- Yahoo
China to require EU brandy exporters to raise prices or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Almost all EU brandy is cognac produced in France, exports of which to China are worth 1.4 billion euros ($1.6 billion) per year. Beijing launched an investigation last year into EU brandy, months after the bloc undertook a probe into Chinese electric vehicle (EV) subsidies. It said it had determined in a preliminary ruling that dumping had occurred and imposed "temporary anti-dumping measures" on imports of the alcoholic beverage -- moves now costing the industry 50 million euros per month. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday. But Beijing said in an explanatory note that several major French cognac producers had signed onto a price commitment to avoid the tariffs -- as long as they sell at or above an agreed minimum price. French liquor giant Jas Hennessy would be hit with levies of 34.9 percent if it reneges on the deal, it said. Remy Martin will be hit with 34.3 percent and Martell 27.7 percent. "The decision to accept the price commitment once again demonstrates China's sincerity in resolving trade frictions through dialogue and consultation," a commerce ministry spokesperson said in a statement. China has sought to improve relations with the European Union as a counterweight to superpower rival the United States. But deep frictions remain over economics -- including a yawning trade deficit of $357.1 billion between China and the EU, as well as Beijing's close ties with Russia despite Moscow's war in Ukraine. The new levy threats come as Chinese top diplomat Wang Yi has held fraught meetings with his counterparts during a tour of Europe this week. They will likely be high on the agenda when he meets French President Emmanuel Macron and Foreign Minister Jean-Noel Barrot on Friday afternoon in Paris. - Bitter taste - A trade row between Beijing and the bloc erupted last summer when the EU moved towards imposing hefty tariffs on electric vehicles imported from China, arguing that Beijing's subsidies were unfairly undercutting European competitors. Beijing denied that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products. The bloc imposed extra import taxes of up to 35 percent on Chinese EV imports in October. Beijing later lodged a complaint with the World Trade Organization, which said in April that it would set up an expert panel to assess the EU's decision. China and the EU are scheduled to hold a summit this month to mark the 50th anniversary of the establishment of diplomatic ties. Bloomberg News reported on Friday, citing unnamed sources, that Beijing intends to cancel the second day of the summit. mjw-oho/dhw
Bloomberg
15 minutes ago
- Bloomberg
France's Industry Minister Says 10% Tariffs Not Good Deal for EU
French Industry Minister Marc Ferracci said agreeing to 10% tariffs on European exports to the US would be a bad deal, signaling disapproval of a potential compromise with Washington. The European Union has until July 9 to clinch a trade arrangement with Donald Trump before tariffs on nearly all exports to the US jump to 50%. Some members of the bloc are willing to accept a deal that includes keeping a 10% universal tariff on many of the bloc's exports, but with lower rates in certain sectors, Bloomberg reported earlier.
