Latest news with #Bagga
Hindustan Times
07-07-2025
- Business
- Hindustan Times
Nifty, Sensex open flat; experts note tariff deadline may be extended till August
Indian stock markets opened flat on Monday as investors stayed cautious ahead of the US tariff deadline. Uncertainty around US President Donald Trump's next move on trade policy has kept global investors on edge, with markets reacting to developments around the July 9 deadline. The BSE Sensex was also trading flat at 83,371.63, down by 61.26 points or 0.07 per cent.(PTI) The Nifty 50 index opened at 25,439.40, showing almost no change, while the BSE Sensex was also trading flat at 83,371.63, down by 61.26 points or 0.07 per cent. Market expert Ajay Bagga told ANI that President Trump is now likely to focus more on tariffs and trade. He said, "Big picture for this week and July is that Trump's focus moves back to tariffs and trade. Trump has triumphed in getting his "One Big Beautiful" tax and spending bill passed by the US Congress. Now he will focus on tariffs. There is constant news flow on this front and we expect many reversals." According to Bagga, the action plan from the US appears to be the imposition of a 10 per cent universal tariff on imports from over 100 countries starting August 1. Meanwhile, the US is expected to pressure its top 12 trading partners to sign trade deals before that date by threatening higher tariffs. Speaking about India, Bagga added, "What seems to be the action plan is first, over 100 countries will get letters levying 10 per cent universal tariffs as of August 1st on their imports into the US. Second, the major top 12 trading partners will be pressured into signing deals with the Trump administration before August 1st, with threats of higher tariffs. What about India? We have time till August 1st now, so there is a few week time to negotiate further." He also mentioned that items like steel, aluminium, autos, and auto parts already face higher sectoral levies ranging from 25 per cent to 50 per cent since April 2025. Countries like the EU, Japan, South Korea, and India are standing firm in their trade talks with the US. In the broader markets, the Nifty Midcap 100 slipped slightly by 0.06 per cent, and the Nifty Smallcap 100 also remained in the red with a marginal decline of 0.04 per cent. Among sectoral indices on the NSE, most sectors were in the red. Nifty Media fell 0.76 per cent, while Nifty IT declined by 0.49 per cent. However, a few sectors showed strength. Nifty FMCG, Nifty PSU Bank, and Nifty Realty were trading in the green at the time of filing this report. The market is expected to remain volatile as investors track ongoing global developments. Sunil Gurjar, SEBI-registered research analyst and founder of Alphamojo Financial Services, said, "The Indian market is currently in a 'wait-and-watch' phase as investors pause ahead of new developments. A breakout above the 26,364 resistance level would signal a continuation of the uptrend." He added that Nifty continues to look positive from a technical perspective, as it is trading above all key moving averages, which indicates the possibility of further upward movement in the market.
India Gazette
07-07-2025
- Business
- India Gazette
Nifty, Sensex open flat; experts note tariff deadline may be extended till August
Mumbai (Maharashtra) [India], July 7 (ANI): Indian stock markets opened flat on Monday as investors stayed cautious ahead of the US tariff deadline. Uncertainty around US President Donald Trump's next move on trade policy has kept global investors on edge, with markets reacting to developments around the July 9 deadline. The Nifty 50 index opened at 25,439.40, showing almost no change, while the BSE Sensex was also trading flat at 83,371.63, down by 61.26 points or 0.07 per cent. Market expert Ajay Bagga told ANI that President Trump is now likely to focus more on tariffs and trade. He said, 'Big picture for this week and July is that Trump's focus moves back to tariffs and trade. Trump has triumphed in getting his 'One Big Beautiful' tax and spending bill passed by the US Congress. Now he will focus on tariffs. There is constant news flow on this front and we expect many reversals.' According to Bagga, the action plan from the US appears to be the imposition of a 10 per cent universal tariff on imports from over 100 countries starting August 1. Meanwhile, the US is expected to pressure its top 12 trading partners to sign trade deals before that date by threatening higher tariffs. Speaking about India, Bagga added, 'What seems to be the action plan is first, over 100 countries will get letters levying 10 per cent universal tariffs as of August 1st on their imports into the US. Second, the major top 12 trading partners will be pressured into signing deals with the Trump administration before August 1st, with threats of higher tariffs. What about India? We have time till August 1st now, so there is a few week time to negotiate further.' He also mentioned that items like steel, aluminium, autos, and auto parts already face higher sectoral levies ranging from 25 per cent to 50 per cent since April 2025. Countries like the EU, Japan, South Korea, and India are standing firm in their trade talks with the US. In the broader markets, the Nifty Midcap 100 slipped slightly by 0.06 per cent, and the Nifty Smallcap 100 also remained in the red with a marginal decline of 0.04 per cent. Among sectoral indices on the NSE, most sectors were in the red. Nifty Media fell 0.76 per cent, while Nifty IT declined by 0.49 per cent. However, a few sectors showed strength. Nifty FMCG, Nifty PSU Bank, and Nifty Realty were trading in the green at the time of filing this report. The market is expected to remain volatile as investors track ongoing global developments. Sunil Gurjar, SEBI-registered research analyst and founder of Alphamojo Financial Services, said, 'The Indian market is currently in a 'wait-and-watch' phase as investors pause ahead of new developments. A breakout above the 26,364 resistance level would signal a continuation of the uptrend.' He added that Nifty continues to look positive from a technical perspective, as it is trading above all key moving averages, which indicates the possibility of further upward movement in the market. (ANI)
Daily Mirror
06-07-2025
- Health
- Daily Mirror
Mixing sunny days and alcoholic beverages could take a toll on your health
While sunshine and alcohol seem like a match made in heaven to many of us, the combination can have some unexpected, and potentially harmful, effects on your health We Brits are known for our love of a chilled bevvy as soon as the sun makes an appearance – be it a can in the park or a pint in the pub garden. However, while basking in the sun with a drink in hand may seem like the perfect summer scenario to many, this combination can have some surprising and potentially damaging effects on your health. From accelerating dehydration to heightening your risk of sunburn and impairing judgement in the heat, the consequences of mixing sunshine and alcohol are more serious than most realise. In light of Alcohol Awareness Week (July 7–13), the following advice from experts will help you - and us - understand exactly what impact drinking in the sun can have on our bodies, and have compiled some handy tips to help mitigate these risks. Dehydration "Dehydration is the main culprit when it comes to consuming alcohol in the sunshine, leading to unpleasant symptoms such as headaches, dizziness, nausea and fatigue, and in some instances requiring medical intervention," points out Dr Richard Piper, CEO of Alcohol Change UK. Dr Ajay Bagga, senior GP leader at Nuffield Health, concurs and elaborates: "This is because alcohol functions as a diuretic, causing you to urinate more and lose vital fluids. Combine this with sweating from the heat, and the risk of dehydration escalates rapidly." On particularly hot days, Piper emphasises that the safest course of action is to abstain from alcohol entirely. However, if that's not feasible, he suggests alternating between alcoholic drinks and water. "This method, known as zebra striping, slows down our alcohol consumption and keeps us topped up with the fluids we need to prevent the dehydration double whammy of alcohol and hot weather," explains Piper. "If it's really hot, consider two glasses of water for one glass of alcohol." Bagga also suggests always having a refillable water bottle on hand during the summer months and taking regular sips, even if you're not feeling parched. Heat stroke and heat exhaustion Heatwaves can be perilous in their own right – and adding alcohol into the equation can further heighten your risk of heat exhaustion or heat stroke. "Alcohol impairs your body's ability to sense and regulate temperature," explains Bagga. "Combined with high heat, this can lead to heat exhaustion – or worse, heat stroke, which can be life-threatening." To help mitigate this risk, try to stay in the shade during peak UV times, when the sun's rays are at their most potent. "Minimise this risk by avoiding alcohol during the hottest part of the day (typically 11am–3pm) and sticking to shaded or air-conditioned areas," advises Bagga. "If you feel dizzy, confused, or nauseous, stop drinking immediately and seek shade, hydration or medical attention if needed." Sleep Excessive heat and alcohol can adversely affect both the quantity and quality of our sleep. "While the sleep-inducing effect of booze can help us drop off, alcohol suppresses the Rapid Eye Movement (REM) part of our sleep cycle, which makes for a less restful slumber," says Piper. "Put all of this together and we can wake up feeling more tired than when we went to bed; and with a sore head to boot. One of the most effective ways to prevent alcohol from wreaking havoc on our sleep is to stop drinking earlier in the day." "Stopping drinking earlier in the day and only having water after, say 9pm, can help prevent alcohol from playing too much havoc with our sleep in the hot weather," said Piper, advising moderation for better Z's. "We can also keep track of how much alcohol we're consuming throughout the day using an app like Try Dry. "By logging our drinks, we can see how many units we've consumed and decide to call time on our boozing and rehydrate earlier before we go to bed, hopefully enabling a more restful night's sleep," he adds. Sunburn and skin damage "Alcohol lowers your awareness, meaning you might forget to reapply sunscreen or stay in the sun too long," warns Bagga, linking booze to increased risk of sunburn. "It also widens blood vessels, increasing your skin's sensitivity to UV damage." The experts stress the importance of diligent sun protection: "Apply a broad-spectrum sunscreen with SPF 30 or higher before heading out and reapply every two hours," Bagga recommends, cautioning against overestimating cloud cover. "Don't rely on clouds for protection, UV rays can still cause damage on overcast days." Impaired judgement and increased injury risk "Many summer activities can involve physical movement and potential hazards such as water sports or rooftop gatherings," Bagga points out. "Alcohol impairs coordination and decision-making, increasing the likelihood of accidents or injury. "Minimise this risk by never mixing alcohol with swimming, boating, or cycling and keep at least one sober person in your group who can assist in case of emergencies." Moreover, this summer could be the perfect opportunity to explore some non-alcoholic alternatives. "While booze and hot weather might trigger associations for us, we don't have to act on those associations like Pavlov's dogs," suggests Piper. "Enjoy a cold alcohol-free beer and keep drinking plenty of water, and you'll feel a whole lot better."
Mint
30-06-2025
- Business
- Mint
Reliance Defence eyes India's ₹20,000-cr defence MRO mkt with new JV
Reliance Defence Ltd on Monday signed a pact with US-based defence contractor Coastal Mechanics Inc. (CMI), as the Anil Ambani-promoted company eyes India's ₹ 20,000-crore defence maintenance, repair, overhaul (MRO) and upgrade market. Reliance Defence is a 100% subsidiary of Reliance Infrastructure Ltd. According to the agreement, Reliance Defence and CMI will set up a joint venture (JV) unit at Mihan in Maharashtra to provide MRO, upgrade and modernization services for air and land defence platforms used by the Indian armed forces. The JV will look to modernize and upgrade over 100 Jaguar, 100 MiG-29 fighter aircraft, 20 Apache attack helicopters and L-70 air defence guns. Reliance Defence is also targeting to become one of India's top three defence exporters. 'The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics,' the company in a statement. Market analyst Ajay Bagga said that rising geopolitical risks will bolster defence expenditure globally, creating export opportunities for India's defence manufacturers and service providers. 'From Asia to Europe there is a surge in defence expenditure in the light of increasing geopolitical risks. Indian defence majors, both in the public and private space, will benefit from both domestic rollouts and export opportunities,' said Bagga. 'We are expecting Indian defence sector to see accelerated expenditure as the armed forces seek to build inventories and to plug gaps in weaponry and systemic capacities in the light of Operation Sindoor. We expect multi-year increases in Indian defence outlays.' Vinit Bolinjkar, head of equity research at Ventura Securities, sees the announcement of the JV as a positive step. 'India is a cost-efficient market and hence attractive for MRO. Given the tie up with Coastal Mechanics which is an authorised contractor will enable Reliance Defence to source business from the US Department of Defence, which is the largest defence spender in the world,' said Bolinjkar. Major General KK Sinha, Kargil War veteran and defence expert, told Mint that he is confident about India's defence manufacturing capabilities. 'While it is important to be self-reliant, we also need to have modernized equipment to match the generational leap. India is bound to emerge in the the global defence manufacturing industry,' he said. He also said that India's export market can capture the needs of NATO nations as the defence budget targets are reset.
Mint
30-06-2025
- Business
- Mint
Reliance Defence eyes India's ₹20,000-cr defence MRO mkt with new JV
Reliance Defence Ltd on Monday signed a pact with US-based defence contractor Coastal Mechanics Inc. (CMI), as the Anil Ambani-promoted company eyes India's ₹ 20,000-crore defence maintenance, repair, overhaul (MRO) and upgrade market. Reliance Defence is a 100% subsidiary of Reliance Infrastructure Ltd. According to the agreement, Reliance Defence and CMI will set up a joint venture (JV) unit at Mihan in Maharashtra to provide MRO, upgrade and modernization services for air and land defence platforms used by the Indian armed forces. The JV will look to modernize and upgrade over 100 Jaguar, 100 MiG-29 fighter aircraft, 20 Apache attack helicopters and L-70 air defence guns. Reliance Defence is also targeting to become one of India's top three defence exporters. 'The segment represents a high-value, long-duration opportunity driven by the Indian military's strategic shift from asset replacement to lifecycle extension and performance-based logistics,' the company in a statement. Market analyst Ajay Bagga said that rising geopolitical risks will bolster defence expenditure globally, creating export opportunities for India's defence manufacturers and service providers. 'From Asia to Europe there is a surge in defence expenditure in the light of increasing geopolitical risks. Indian defence majors, both in the public and private space, will benefit from both domestic rollouts and export opportunities,' said Bagga. 'We are expecting Indian defence sector to see accelerated expenditure as the armed forces seek to build inventories and to plug gaps in weaponry and systemic capacities in the light of Operation Sindoor. We expect multi-year increases in Indian defence outlays.' Vinit Bolinjkar, head of equity research at Ventura Securities, sees the announcement of the JV as a positive step. 'India is a cost-efficient market and hence attractive for MRO. Given the tie up with Coastal Mechanics which is an authorised contractor will enable Reliance Defence to source business from the US Department of Defence, which is the largest defence spender in the world,' said Bolinjkar. Major General KK Sinha, Kargil War veteran and defence expert, told Mint that he is confident about India's defence manufacturing capabilities. 'While it is important to be self-reliant, we also need to have modernized equipment to match the generational leap. India is bound to emerge in the the global defence manufacturing industry,' he said. He also said that India's export market can capture the needs of NATO nations as the defence budget targets are reset. In FY25, India's defence production reached an all-time high, rising 15% to ₹ 1.46 trillion. The country's defence exports also rose to a record ₹ 24,000 crore.
