A naukri.com initiative
Business News
Bloomberg Quint
10h
96
Image Credit: Bloomberg Quint
Trump's Reciprocal Tariffs: Ray Dalio Weighs On The Pros And Cons Of US' Action
- Billionaire and veteran hedge fund manager Ray Dalio weighed on the pros and cons of tariffs, noting that it could raise revenue and help shore up domestic production capabilities.
- Tariffs can impact global efficiencies of production and potentially lead to stagflationary effects on the entire world.
- The levies are more deflationary for the exporting country and more inflationary for the importer.
- In times of international conflicts, tariffs can reduce dependencies on foreign production and capital.
Read Full Article
5 Likes
Guardian
10h
17
Image Credit: Guardian
Asian countries riven by war and disaster face some of steepest Trump tariffs
- Donald Trump has imposed high tariffs on several developing nations in south-east Asia and Africa, disrupting trade relations and potentially triggering a global trade war.
- The tariffs, aimed at protecting the US economy, have been labeled by Trump as a historic moment of economic independence.
- Countries like Cambodia, Laos, Vietnam, Myanmar, Indonesia, and Thailand are among those facing significant tariff rates ranging from 32% to 49%.
- The tariffs are seen as a strategy to target Chinese investment in these nations, impacting job creation and export revenue.
- Experts suggest that the tariffs could force these nations to pivot towards closer relationships with China.
- African nations like Lesotho, Madagascar, and Botswana are also heavily affected, with tariff rates ranging from 37% to 50%.
- The US will also impose a 10% universal tariff on all imported goods, further escalating tensions in global trade.
- Economists warn that these tariffs may lead to increased prices, inflation, job losses, and hinder economic growth.
- Critics argue that such drastic changes could isolate the US from the global trade system it has historically championed.
- The impacts of these tariffs on vulnerable economies and global trade dynamics remain uncertain, sparking concerns among experts.
Read Full Article
1 Like
HinduBusinessLine
10h
254
Image Credit: HinduBusinessLine
India’s IT sector unfazed by US tariffs, but manufacturing and exports face hurdles, say experts
- India's IT services sector remains unaffected by the US tariffs on exports, as they do not apply to service-based exports.
- IT services contribute significantly to India's economy, with the US being the largest market, accounting for nearly 70% of India's IT export revenue.
- India's focus on high-skilled labor, digital transformation, and cloud-based solutions has helped the IT sector find growth opportunities in the US, despite ongoing tariff disputes in other sectors.
- However, India has imposed import restrictions on certain information and communications technology products, which has raised concerns from US exporters.
Read Full Article
15 Likes
Bloomberg Quint
10h
64
Image Credit: Bloomberg Quint
Trump Tariff: US Self-Isolation Calls For Regional Trade Groupings, Says Macquarie's Sandeep Bhatia
- The US self-isolation under President Donald Trump calls for regional trade agreements, according to Macquarie Capital's Sandeep Bhatia.
- India is less exposed to global trade flows, so Trump's tariffs will have a less severe impact on India than other Asian export powerhouses.
- The US shifting away from being the 'consumer of last resort' will create social and political imbalances around the world.
- Trump's tariff action will add inflationary pressure domestically, impacting corporate earnings and margins, and may prompt the Federal Reserve to re-evaluate its interest rate easing cycle.
Read Full Article
3 Likes
HinduBusinessLine
10h
343
Image Credit: HinduBusinessLine
Thomas Cook India taps Kartik Aaryan as brand ambassador for forex business
- Thomas Cook India has appointed Kartik Aaryan as its brand ambassador for the forex business.
- The strategic move aims to target India's millennial and Gen Z travellers, with a focus on promoting the Borderless Travel Card.
- Deepesh Varma, EVP of Foreign Exchange at Thomas Cook India, expressed optimism about the prepaid card business and the opportunities it presents for younger Indian travellers.
- The campaign featuring Kartik Aaryan will be distributed across digital platforms, connected TV, and social media.
Read Full Article
20 Likes
Guardian
10h
103
Image Credit: Guardian
‘We introduced avocado to the high street!’ How Pret conquered London – and began eyeing the rest of the world
- The first Pret a Manger branch opened in 1986, but the original shop was in Hampstead and went bust before the name was sold to new owners.
- London is filled with 274 Pret branches, making it synonymous with the capital's food culture.
- Pret's popularity stems from its accessible locations and reliable quality, offering items like lattes and baguettes as bestsellers.
- Pret's profitable comeback in 2022 led to increased sales, paving the way for expansion globally.
- Critics debate the impact of chain establishments like Pret on local independent businesses and overall job quality.
- Pret faced backlash over changes in its subscription service and tragic incidents involving allergic reactions to its products.
- Pret's presence in London represents a larger trend towards homogenization, with concerns raised about urban space and cultural diversity.
- Despite its success in London, Pret has shifted its focus to international expansion, with new branches in various countries.
- Having conquered London, Pret now aims to expand its influence globally, with numerous new shops opening abroad.
Read Full Article
6 Likes
HinduBusinessLine
10h
261
Image Credit: HinduBusinessLine
Schaeffler India conducts raids to combat counterfeit products
- The operations resulted in the seizure of counterfeit products falsely marked with Schaeffler’s brands FAG, INA, and LuK.
- Counterfeit products pose serious risks to operational safety and product performance while damaging customer trust.
- Schaeffler India has implemented measures like unique identification codes, two-dimensional barcodes, and a mobile app for authentication to help customers identify genuine products.
- The company urges customers to purchase only from Schaeffler-authorized distributors to ensure product authenticity and avoid unplanned downtimes, higher maintenance costs, and supply chain inefficiencies.
Read Full Article
15 Likes
Bloomberg Quint
11h
258
Image Credit: Bloomberg Quint
Motorola Edge 60 Fusion Vs Motorola Edge 50 Fusion Compared — Price, Specs, Camera And More
- Motorola has launched the Edge 60 Fusion as an upgrade over the Edge 50 Fusion in India on April 2.
- The Edge 60 Fusion features a MediaTek Dimensity 7400 chipset, 50 MP primary camera, and a 32 MP front camera.
- It has a 16.94 cm (6.67 inch) display, 8GB RAM, 256GB internal storage, and a 5500mAh battery with 68W fast charging.
- The Motorola Edge 60 Fusion is priced at Rs 22,999 for the 8GB RAM variant and Rs 24,999 for the 12GB RAM variant.
Read Full Article
15 Likes
Bloomberg Quint
11h
43
Image Credit: Bloomberg Quint
How To Fix Wrong Income Tax Demand Notice: A Step-By-Step Guide
- The Income Tax Department has opened the online rectification window to correct errors in tax demand notices and intimations for up to Assessment Year (AY) 2023-24 (Financial Year 2022-23).
- Taxpayers can request rectification through the e-filing portal if mistakes are found in their records, in an intimation issued under Section 143(1), or in a CPC order under Section 154.
- Steps to correct errors in tax demand notices: Access the e-filing portal, click on Services and then Rectification, click on New Request, select the appropriate rectification category, provide required details, submit the request along with verified documents, and wait for validation and confirmation.
- Rectification requests can only be made for returns that have already been processed by CPC and cannot be used for mistakes requiring proof or interpretation.
Read Full Article
2 Likes
TechBullion
11h
316
Image Credit: TechBullion
XRP Investors Rush to ExoraPad Presale as $EXP Token Raises Over 55,000 XRP—Poised for Explosive Gains
- ExoraPad, a next-generation AI-powered IDO launchpad built on the XRP Ledger, raised over 55,000 XRP in its presale.
- ExoraPad leverages AI technology and the XRP Ledger's speed, low costs, and security to reshape DeFi.
- The platform's AI algorithms thoroughly evaluate and select high-quality projects, reducing investment risks.
- $EXP token serves as the platform's ecosystem fuel, offering investors considerable upside potential.
Read Full Article
19 Likes
Guardian
11h
341
Image Credit: Guardian
Global stock markets fall and dollar dives as Trump tariffs push investors to safe assets
- Global stocks fall sharply and the US dollar hits a six-month low after Trump unveils tariffs on trade partners.
- European markets, including FTSE 100, Germany's Dax, and France's CAC, open lower.
- Asian markets, including Japan's Nikkei, Hong Kong's Hang Seng, and Vietnam's stock market, experience major sell-offs.
- Investors turn to safe assets like gold, while oil prices fall and concerns of a global recession rise.
Read Full Article
20 Likes
Bloomberg Quint
11h
179
Image Credit: Bloomberg Quint
ACME Solar Holdings Wins Rs 2,491 Crore Refinancing Facility
- ACME Solar Holdings has secured a Rs 2,491 crore long-term refinancing facility to reduce the cost of debt for renewable energy projects.
- The projects have been secured from SBI and REC at a reduced weighted average interest rate of 8.8%.
- The refinancing initiative helped improve the credit profile and obtain a higher credit rating for Andhra Pradesh and Punjab entities.
- ACME Solar Holdings aims to achieve a capacity of 6970 MU within the next three years.
Read Full Article
10 Likes
Bloomberg Quint
11h
118
Image Credit: Bloomberg Quint
PM Internship Scheme Deadline Extended Till April 15: Here’s How To Apply
- The registration deadline for Round 2 of the Prime Minister's Internship Scheme (PMIS) pilot phase has been extended till Apr. 15.
- Participants in the PMIS are eligible to receive a monthly stipend of Rs 5,000 for a 12-month internship and a one-time award of Rs 6,000.
- The PM Internship Scheme is open for Indian citizens between the ages of 21 and 24 years, who have passed Class 10 or Class 12.
- To apply, visit the PMIS website, create a new registration, log in, fill out the registration form, and submit it.
Read Full Article
7 Likes
HinduBusinessLine
11h
323
Image Credit: HinduBusinessLine
India’s pharma sector spared from US tariff hikes as Wanbury plans investor visit
- Wanbury Limited, an Indian pharmaceutical company, has been spared from US tariff hikes as part of a broader tariff regime announced by President Trump.
- The new tariffs will impose duties on imported goods, with India facing a 26% tariff rate, significantly lower than China, Vietnam, and Bangladesh.
- Pharmaceuticals, semiconductors, and certain metals have been exempted from the tariffs, benefitting the Indian pharma industry.
- Wanbury Limited is preparing for an investors and analysts plant visit after major plant upgrades and reported improved capacity utilization and higher revenues.
Read Full Article
19 Likes
Bloomberg Quint
11h
262
Image Credit: Bloomberg Quint
Trump Reciprocal Tariffs: Avanti Feeds, Apex Frozen Foods Shares Fall To One-Month Low
- Shares of Avanti Feeds and Apex Frozen Foods fell to a one-month low after US President Donald Trump announced reciprocal tariffs on nearly 60 countries, including India.
- Avanti Feeds derived 69% of its revenue from the North American market in the last quarter, down from 82% in the same quarter last year.
- The shares of Avanti Feeds fell as much as 19.16% to Rs 720.05 apiece, the lowest level since Feb. 4.
- The shares of Apex Frozen Foods fell as much as 7.86% to Rs 199.11 apiece, the lowest level since Feb. 3.
Read Full Article
15 Likes
For uninterrupted reading, download the app