Donald Trump Threatens To 'Substantially Increase' Tariffs On India Over Russian Oil
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New Indian Express
23 minutes ago
- New Indian Express
CPI(M) leader raises alarm over honour killings, slams Modi govt's policies and ECI bias
"The foreign policy of the Narendra Modi-led government has failed. Prime Minister Narendra Modi has not spoken out against the imposition of 25% tariff on Indian goods. So far, there has been no debate even in the Parliament. This move could severely impact many MSMEs and small-scale industries across the country," Balakrishnan said. Citing the row over the Special Intensive Revision of electoral lists in Bihar, Balakrishnan said, "The ECI has effectively been turned into a subservient wing of the BJP. In Bihar 69 lakh voters have been removed from the voters' list. Our basic "Right to Vote' is under threat. There are also rumours that many voters will be removed from West Bengal, Assam, and Tamil Nadu too. The minorities, especially Muslims and others, will be denied their voting rights. The ECI is even opposing the Supreme Court's advice. The INDIA bloc will conduct a protest on August 8 and the CPI(M) will hold a protest on August 12." Speaking about the NDA alliance in Tamil Nadu, he said, "Edappadi K Palaniswami has repeatedly stated that an NDA government will form in Tamil Nadu. The NDA is crumbling. O Panneerselvam has already announced that he is not with the BJP alliance. It is a good thing for Tamil Nadu."
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Business Standard
23 minutes ago
- Business Standard
Q1 results today: Adani Ports, Bharti Airtel, Lupin, 150 others on Aug 5
Q1 FY26 company results, August 5: Britannia, Alembic Pharmaceuticals, Aarti Surfactants, Berger Paints, Bharti Hexacom, and Exide are also to release their April-June quarter earnings reports today New Delhi Bharti Airtel, Adani Ports and Special Economic Zone, Lupin, Britannia Industries, Alembic Pharmaceuticals, Aarti Surfactants, and Berger Paints India are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Tuesday. A host of other companies expected to declare their Q1 results today include Bharti Hexacom, CARE Ratings, Container Corporation of India, Exide Industries, Gland Pharma, Gujarat Gas, Jindal Saw, NCC, Prestige Estates Projects, Keystone Realtors, and Torrent Power. Bharti Airtel Q1 results preview Bharti Airtel is expected to post healthy earnings for the June quarter of FY26 (Q1FY26), driven by strong subscriber additions and a rise in average revenue per user (Arpu), according to analysts. While the telecom major's mobile wireless business is likely to report steady growth, the enterprise segment is projected to see a decline during the quarter. Analysts polled by Business Standard estimate Airtel's consolidated revenue to rise 25.2 per cent year-on-year (Y-o-Y) and 0.7 per cent quarter-on-quarter (Q-o-Q) to ₹48,224.9 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) is expected to jump nearly 39 per cent Y-o-Y and 1.4 per cent Q-o-Q to ₹27,380.8 crore, while Ebit is forecast to grow 63.8 per cent Y-o-Y and 2.3 per cent Q-o-Q to ₹15,017 crore. Market overview for August 5 Indian benchmark indices Sensex and Nifty are likely to open lower on Tuesday, amid rising uncertainty over trade tariffs. US President Donald Trump on Monday announced plans to substantially raise tariffs on Indian goods in response to New Delhi's Russian oil purchases. India called the move "unjustified" and said it would take necessary steps to safeguard its interests. GIFT Nifty futures were trading 38 points lower at 24,755, indicating a soft start. Meanwhile, investors will closely track the Reserve Bank of India's Monetary Policy Committee (MPC) meeting, scheduled from August 4 to 6. While some analysts expect a 25-basis-point rate cut, others believe the committee may revise its inflation forecast downward instead. Follow the latest market updates here: Stock Market LIVE Updates List of firms releasing Q1 FY26 results on August 5 Aarti Surfactants Ltd Abhijit Trading Company Ltd Allcargo Gati Ltd Adani Ports and Special Economic Zone Ltd Allied Digital Services Ltd Advait Energy Transitions Ltd Alphalogic Techsys Ltd Alstone Textiles (India) Ltd Andhra Paper Ltd Anjani Finance Ltd The Anup Engineering Ltd Alembic Pharmaceuticals Ltd Anand Rayons Ltd Artemis Medicare Services Ltd Aryaman Capital Markets Ltd Atal Realtech Ltd Automotive Axles Ltd Avalon Technologies Ltd Berger Paints India Ltd Bharti Airtel Ltd Bharti Hexacom Ltd Zinka Logistics Solutions Ltd BLS International Services Ltd Britannia Industries Ltd Cantabil Retail India Ltd CARE Ratings Ltd Carraro India Ltd Castrol India Ltd CCL Products (India) Ltd Centum Electronics Ltd Chemcon Speciality Chemicals Ltd Chartered Capital & Investment Ltd Chaman Lal Setia Exports Ltd-$ Container Corporation of India Ltd Crysdale Industries Ltd Dalmia Bharat Sugar and Industries Ltd Delton Cables Ltd Easy Fincorp Ltd EIH Ltd EKI Energy Services Ltd Elantas Beck India Ltd Ellenbarrie Industrial Gases Ltd Electronics Mart India Ltd Energy Development Company Ltd Enkei Wheels (India) Ltd EPL Ltd Eris Lifesciences Ltd Espire Hospitality Limited Eureka Industries Ltd Eveready Industries India Ltd Everest Organics Ltd Exide Industries Ltd Gujarat Fluorochemicals Ltd Gala Precision Engineering Ltd Geetanjali Credit and Capital Ltd Ginni Filaments Ltd Gland Pharma Ltd Gokaldas Exports Ltd Godawari Power and Ispat Ltd GSS Infotech Ltd GTN Textiles Ltd Gujarat Gas Ltd HT Media Ltd Indo Credit Capital Ltd Industrial & Prudential Investment Company Ltd Inventure Growth & Securities Ltd ISF Ltd Jindal Saw Ltd JSL Industries Ltd Kaizen Agro Infrabuild Ltd Kanani Industries Ltd Kanoria Chemicals & Industries Ltd Kartik Investments Trust Ltd Kaya Ltd Kanoria Energy & Infrastructure Ltd Kemp & Company Ltd K.P. Energy Ltd KPI Green Energy Ltd KZ Leasing & Finance Ltd Ladderup Finance Ltd Lexoraa Industries Ltd Lupin Ltd Machhar Industries Ltd Magadh Sugar & Energy Ltd Mangal Credit and Fincorp Ltd Max India Ltd Mayur Floorings Ltd Mazda Ltd Medi Caps Ltd-$ M.K. Exim (India) Ltd Motisons Jewellers Ltd MPIL Corporation Ltd MTAR Technologies Ltd Muthoot Capital Services Ltd NCC Ltd Nitin Spinners Ltd Noida Toll Bridge Company Ltd Orient Bell Ltd-$ Orient Paper & Industries Ltd Ovobel Foods Ltd Patel Integrated Logistics Ltd-$ Patspin India Ltd Vashu Bhagnani Industries Ltd Poona Dal & Oil Industries Ltd Prestige Estates Projects Ltd Radiant Cash Management Services Ltd Rajesh Exports Ltd Raj Rayon Industries Ltd-$ Raymond Realty Ltd Resonance Specialties Ltd Restile Ceramics Ltd Rich Universe Network Ltd Rishi Techtex Ltd Rane (Madras) Ltd Rossell India Ltd Rashi Peripherals Ltd RSWM Ltd Keystone Realtors Ltd Sandesh Ltd SBC Exports Ltd Sheetal Cool Products Ltd Sheela Foam Ltd Square Four Projects India Ltd Shree Rama Multi-Tech Ltd Shri Dinesh Mills Ltd Simplex Mills Company Ltd Simplex Papers Ltd Speciality Restaurants Ltd Starteck Finance Ltd Starteck Finance Ltd SW Investments Ltd Tainwala Chemicals and Plastics (India) Ltd Tega Industries Ltd Tirupati Sarjan Ltd Torrent Power Ltd Transpek Industry Ltd-$ Transrail Lighting Ltd Updater Services Ltd Ugar Sugar Works Ltd-$ Vaibhav Global Ltd Shri Vasuprada Plantations Ltd Veranda Learning Solutions Ltd Vardhman Holdings Ltd Viji Finance Ltd Vikas WSP Ltd Vivid Mercantile Ltd Kairosoft AI Solutions Ltd Welcure Drugs & Pharmaceuticals Ltd Woodsvilla Ltd WPIL Ltd Xtglobal Infotech Ltd Yatharth Hospital & Trauma Care Services Ltd Zeal Aqua Ltd
Mint
23 minutes ago
- Mint
Rupee at risk of lifetime low after Trump ups tariff threat on India
MUMBAI, August 5 (Reuters) -The Indian rupee may drop past 88 to the U.S. dollar to an all-time low on Tuesday after U.S. President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows. The 1-month non-deliverable forward indicated the rupee will open in the 88.00 to 88.04 range versus the U.S. dollar, down from 87.6550 on Monday. The rupee's previous record low was 87.95, touched in February. Trump again threatened to substantially raise tariffs on Indian goods, citing India's continued purchases and resale of Russian oil. India's foreign ministry responded, saying it will take all necessary steps to protect its national interests and economic security. "Whether these barrage of comments are mainly negotiating tactics against India to partly prod for changes in the Russia-Ukraine war remains to be seen," MUFG Bank said in a note. Trump had already imposed higher-than-expected 25% tariffs on Indian imports last week, while U.S. officials continue to highlight multiple hurdles that are delaying a trade deal with India. Sentiment on the rupee has been fragile due to the hefty tariffs on Indian goods. On Monday, the pressure intensified, with the rupee falling despite the dollar weakening broadly. On Monday, the rupee failed to hold on to an intraday recovery to near 87.20. "Today was already shaping up to be a difficult session (for the rupee), and Trump's latest tariff threat only amplified the pressure,' a senior trader at a private bank said. "I'd fully expect the Reserve Bank of India to step in — they won't want to let the rupee depreciate unchecked, especially in the face of U.S. rhetoric." He warned that overseas outflows from Indian equities may gather pace in response to rising trade tensions with the U.S. KEY INDICATORS:** One-month non-deliverable rupee forward at 88.14; onshore one-month forward premium at 12 paise ** Dollar index up at 98.82 ** Brent crude futures down 0.1% at $68.7 per barrel ** Ten-year U.S. note yield at 4.2% ** As per NSDL data, foreign investors sold a net $165.5mln worth of Indian shares on Aug. 1 ** NSDL data shows foreign investors bought a net $223.7mln worth of Indian bonds on Aug. 1 (Reporting by Nimesh Vora; Editing by Mrigank Dhaniwala)
