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Business Standard
21 minutes ago
- Business Standard
Q1 results today: HDFC Life, ICICI Lombard among 23 companies on July 15
Q1 FY26 company results: ICICI Prudential Life Insurance, HDB Financial Services, Bank of Maharashtra, Network 18 Media, set to release their earnings report for the April-June quarter Apexa Rai New Delhi HDFC Life Insurance, ICICI Lombard General Insurance, and ICICI Prudential Life Insurance are scheduled to announce their earnings reports for the first quarter (Q1) of the financial year 2025-26 (FY26) on Tuesday. HDB Financial Services, Bank of Maharashtra, AWL Agri Business, Himadri Speciality Chemical, Network 18 Media, and Just Dial are among the other 23 companies expected to declare their Q1 results today. Q1 preview for the insurance firms HDFC Life Insurance: Its margin is expected to be 25.5 per cent, compared with 25 per cent a year ago. In Q4FY25, the insurer's margin stood at 26.53 per cent. ICICI Prudential Life Insurance: Analysts forecast the company's margin to be 24.2 per cent, up from 24 per cent in Q1FY25. The margin in Q4FY25 was 22.7 per cent. ICICI Lombard General Insurance: Analysts polled by Business Standard estimate the firm's combined ratio at 101.2 per cent, compared with 102.3 per cent in Q1FY25. Market overview for July 15 Domestic benchmark indices are likely to take cues from a confluence of global and local triggers today, July 15, including India's retail inflation for June, second-quarter GDP figures from China, US inflation data, and political developments such as US President Donald Trump's tariff measures. Investor sentiment remains cautious amid the ongoing Q1 earnings season and recent global equity volatility. Following a volatile session, Indian equity benchmark indices settled lower on Monday, July 14, amid global cues as Trump imposed a 30 per cent tariff on imports from the European Union and Mexico, effective from August 1. That apart, nervousness amid the June quarter (Q1FY26) earnings season also kept sentiment in check. On Monday, the BSE Sensex fell 247.01 or 0.3 per cent to close at 82,253.46, while the Nifty50 settled lower by 67.55 points or 0.27 per cent at 25,082.3 levels. In the broader markets, Nifty Midcap 100 and Smallcap indices were up 0.71 per cent and 1.04 per cent, respectively. Around 7:30 am on July 15, GIFT Nifty futures were trading 19 points higher at 25,186, indicating a flat to higher start for the equities. Follow the latest market updates here: Stock Market LIVE Updates List of firms releasing Q1 FY26 results on July 15 AWL Agri Business Ltd Geojit Financial Services Ltd GM Breweries Ltd Hathway Cable & Datacom Ltd HDB Financial Services Ltd HDFC Life Insurance Company Ltd Himadri Speciality Chemical Ltd ICICI Lombard General Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd Just Dial Ltd Kamadgiri Fashion Ltd Key Corporation Ltd Kretto Syscon Ltd Bank of Maharashtra Network 18 Media & Investments Ltd Neueon Towers Ltd Nureca Ltd Plastiblends India Ltd RR Financial Consultants Ltd Swaraj Engines Ltd Tokyo Finance Ltd Vijay Textiles Ltd VK Global Industries Ltd
Time of India
24 minutes ago
- Time of India
US tariffs offer India a trade opportunity, auto sector among key beneficiaries: NITI Aayog
New Delhi: Higher tariffs imposed by the United States on major trading partners such as China, Canada and Mexico could open a strategic trade window for India, with sectors including automobiles, auto components, and electrical machinery poised to benefit, according to a new report by NITI Aayog, Economic Times reports. The report, released in the latest edition of the government think tank's Trade Watch Quarterly, outlines how India could gain competitiveness in 22 of the top 30 product categories (at the HS-2 level) exported to the US. Notably, several of these categories include automotive-related goods and electronics, where India has been steadily scaling up production capacity under various incentive schemes. This shift follows steep import tariffs introduced by the Trump administration—30 per cent on Chinese goods, 35 per cent on Canadian, and 25 per cent on Mexican imports—which have significantly altered trade dynamics. For Indian exporters, this presents an opportunity to expand market share in the world's largest consumer economy, the report said. 'India's relative tariff advantage vis-a-vis major competitors presents a strategic window to expand market share in the US market, especially in sectors such as pharmaceuticals, textiles, and electrical machinery,' NITI Aayog stated. The analysis also highlights opportunities for India's mineral fuels, plastics, furniture, and seafood exports—industries tied closely to broader manufacturing and supply chains, including the auto sector. Auto and Electronics Could Gain The evolving tariff regime could particularly support Indian manufacturers of EV components, semiconductors, and other electrical systems used in automotive production. As global automakers diversify sourcing away from China, India may emerge as a cost-competitive alternative for US-bound automotive supplies. India's growing EV ecosystem—supported by schemes like FAME and PLI—places it in a strong position to supply components and systems for the American auto market, provided trade terms are favourable. However, the report warns that any gains will depend on swift, sector-specific policy responses from the Indian side. Strategic Trade Talks Underway Amid this changing landscape, a delegation from India's commerce ministry has arrived in Washington for another round of talks on a proposed bilateral trade agreement. The discussions aim to finalise an interim deal by the fall, with a full agreement potentially materialising thereafter. The US is seeking duty reductions on various industrial and agricultural goods, including automobiles (especially EVs), while India is pushing for better access for its labour-intensive exports such as textiles, gems, footwear, and auto parts. India is also seeking relief from steep US tariffs on its steel (50per cent ), aluminium (50per cent ) and automobile exports (25per cent ). The talks follow earlier rounds held from June 26 to July 2 and are taking place ahead of a new US deadline of August 1 for implementing additional tariffs on multiple countries, including India. Tariff Advantage and Challenges According to NITI Aayog, India's competitiveness remains steady in six key product categories—segments that account for nearly one-third of its US-bound exports. However, India enjoys a relative edge in 78 products that represent over half of its total exports to the US. Still, challenges remain. In six categories, India faces slightly higher average tariffs than competitors, a gap that could be closed through negotiations. Furthermore, in 17 of the top 100 products exported to the US, India's position remains unchanged due to the absence of any tariff differential. Policy Recommendations To fully leverage the shifting trade environment, NITI Aayog has called for the expansion of PLI schemes into labour-intensive sectors such as leather, furniture and handicrafts. It also recommended lowering industrial electricity tariffs through rationalised cross-subsidies and increased renewable energy use—measures aimed at reducing production costs. The report further urged India to explore a services-focused trade deal with the US, following the India–UK model, including provisions for digital trade in IT, finance, and professional services. As India and the US continue negotiating, the outcome could reshape trade flows across multiple sectors—including automobiles—offering Indian exporters a vital competitive edge amid rising global protectionism.
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First Post
38 minutes ago
- First Post
'Unfair trade practices': US slaps 17% duty on Mexican fresh tomatoes
Mexico is a dominant supplier of US fresh tomato imports, and the US Commerce Department said that antidumping duties are calculated to measure the percentage by which Mexican tomatoes were sold in the country at 'unfair prices' read more The United States is imposing antidumping duties on most imports of fresh tomatoes from Mexico, the US Commerce Department said on July 14, 2025. AFP The United States is imposing antidumping duties on most imports of fresh tomatoes from Mexico, the US Commerce Department said Monday as Washington alleged its neighbor engaged in unfair trade. The duties, set at 17.09 percent, come after Washington moved to terminate a 2019 agreement that staved off such charges. 'Mexico remains one of our greatest allies, but for far too long our farmers have been crushed by unfair trade practices that undercut pricing on produce like tomatoes. That ends today,' Commerce Secretary Howard Lutnick said in a statement. 'This rule change is in line with President (Donald) Trump's trade policies and approach with Mexico,' he said. STORY CONTINUES BELOW THIS AD Mexico is a dominant supplier of US fresh tomato imports, and the US Commerce Department said that antidumping duties are calculated to measure the percentage by which Mexican tomatoes were sold in the country at 'unfair prices.' The United States had announced it was withdrawing from the tomato agreement in April, arguing that the action was meant to help American tomato growers compete fairly. But observers have expressed concern that the duties could cause a spike in tomato prices. On Monday, the Mexican government said it was working with tomato producers to limit the effects of the 17 percent duty. 'We are working together to minimize the impact,' President Claudia Sheinbaum said at her regular morning press conference, without giving details. Other Mexican government officials called the tomato tariff unfair and warned the move will ultimately harm Americans. The measure goes 'against the interests not only of Mexican producers but also of the US industry,' officials said in a joint communique from the Mexican ministries of economy and agriculture. The antidumping duties are the latest blow to trade after Trump this year introduced wide-ranging tariffs on partners including Mexico. After returning to the White House in January, Trump swiftly targeted Mexican goods with a 25 percent tariff – although he eventually exempted products covered by the US-Mexico-Canada free trade agreement signed during his first term. STORY CONTINUES BELOW THIS AD Over the weekend, Trump threatened to raise the levy to 30 percent on August 1, as he pushes for a re-negotiation of the trade relationship. Mexico is one of the economies most vulnerable to US tariffs and duties, with 80 percent of its exports destined for its northern neighbor – which is also its largest trading partner.
