MATERIAL TRADING
India blocks battery waste exports to recover more lithium, nickel and cobalt at home
India has enforced a ban on exporting lithium-ion battery black mass to promote local recycling initiatives. The prohibition aims to ensure that valuable materials from battery waste remain accessible for domestic refiners. This regulation will help reduce reliance on imported materials essential for battery manufacturing. Furthermore, the decision addresses the capacity issues faced by local recycling facilities in processing battery waste.
Japanese automaker Nissan reduces red ink, vows to return to profit for full year
Nissan Motor Co. has reported a reduced loss of 39.7 billion yen in the first half of the fiscal year. The automaker's sales increased by 8.8% to 6.07 trillion yen due to favorable exchange rates and pricing strategies. Significant challenges remain in the Chinese market, along with increased raw material costs from Middle Eastern unrest.
US extends 178 China tariff exclusions to January 9
The US has extended tariff exemptions on 178 categories of Chinese goods until January 9, 2027, giving businesses more time to import these products without additional duties. The move comes as Washington and Beijing continue trade negotiations, with both sides discussing commitments on agricultural exports, rare earths and critical minerals.
India drawing up list of export snags in South Asia
India is identifying regulatory and market-access barriers in seven South Asian countries to expand exports and reach its $1-trillion target. Merchandise exports to these markets fell 1.3% to $25.7 billion in FY26. The government is examining certification delays, tariffs and product standards while exploring opportunities in chemicals, pharmaceuticals and textiles.
“Vikings are realizing that they shouldn’t have traded JJ McCarthy for a bag of chips”: Fans question the American football team’s decision as its offensive struggles worsen
The Minnesota Vikings endured their second consecutive defeat, falling to the Buffalo Bills in a closely watched game. Injuries have severely restricted their options at quarterback, casting doubt on their offensive strength. Following the controversial trade of JJ McCarthy to the New York Giants, fans are expressing concern about the impact on the team's playoff dreams. In response, the Vikings are actively seeking potential trades to boost their quarterback depth.
Is AI selloff a window to buy? Morgan Stanley sees multiple buying opportunities on Wall Street
Morgan Stanley sees the recent AI stock selloff as an overreaction and recommends selectively buying the dip across hyperscalers, semiconductor and infrastructure companies. The brokerage expects some US data centre projects to shift from 2028 to 2029 following Democratic election victories, potentially extending the AI capital expenditure cycle and reshaping investment opportunities.
Japan's Nikkei surges nearly 3% as AI stocks extend rebound; SoftBank jumps 14%
Japan's Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday's sharp selloff. SoftBank Group surged over 14%, leading the tech-driven rally alongside chip equipment makers, despite overnight losses in Nvidia shares and cautious sentiment near key resistance levels.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
Govt may extend support measures in FY28 Budget to boost manufacturing of 100 products: Official
The government may announce Budget 2027-28 support measures to boost domestic manufacturing of 100 products, including auto components, chemicals and machinery, to reduce import dependence. DPIIT has identified the products after consultations with ministries and industry.
Trump announces Task Force Iron Gate to choke off Iran's trade routes, enforce restrictions on weapons supplies
US President Donald Trump has announced Task Force Iron Gate to restrict the movement of weapons, dual-use technologies and sanctioned materials into and out of Iran. The initiative will operate alongside a US naval blockade that CENTCOM says has prevented Iran from exporting more than $25 billion in crude oil.
Consumer goods cos turn to cost cutting amid higher input prices to protect demand, revive volume growth
The cost-cutting comes amid an elevated input-price outlook flagged by several companies during recent earnings calls, due to high raw material prices, supply disruptions and freight charges. They are cutting trade investments as well as rationalising vendor networks to negotiate better rates through higher volumes.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones look to start in positive, check factors that will drive Wall Street
US Stock market investors will keep close eyes on Dow Jones as S&P 500, Nasdaq must continue the momentum.
IRGC dismisses new US plan to tighten economic pressure on Iran as 'wordplay'
The US military has launched Task Force Iron Gate to restrict Iran's movement of weapons and materials. Revolutionary Guards spokesperson Hossein Mohebbi stated that the US goals are unattainable due to Iran's preparations and neighbor communications. Mohebbi criticized the Iron Gate initiative as ineffective in imposing economic pressure on Iran. He emphasized that Tehran's strategic planning enables continued trade routes despite American efforts.
Diwali 2026 wealth creators: 8 BSE 500 stocks shrug off market weakness, deliver up to 191% returns; do you own any?
Eight BSE 500 stocks more than doubled investors’ wealth since Diwali 2025, led by Aditya Infotech, HFCL and Welspun Corp. As Samvat 2083 begins, brokerages expect earnings-led growth, favouring selective investments across banking, manufacturing, consumption, exports and technology amid valuation concerns.
Piyush Goyal sets March 2027 deadline for digitisation of DGFT services, aims to end physical visits
Commerce Minister Piyush Goyal has set March 31, 2027, as the deadline for complete digitisation of DGFT services, including licence, permit and SCOMET approvals. From April 1, businesses will no longer need physical visits to government offices for these services. The move also includes digitising historical records and simplifying procedures.
US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives say
Global businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs, inflation and strained consumer spending continue to weigh on operations. While some executives welcomed prospects of political stability, companies remain uncertain about tariffs, AI regulation and trade policies, amid fears of Washington gridlock.
Japan Investment Corp to sell JSR to Mitsui Chemicals in an over $8.20 bn deal: Report
Japan Investment Corp intends to sell its semiconductor materials subsidiary JSR to Mitsui Chemicals in a significant transaction. This deal is projected to exceed 1.3 trillion yen and may occur within the month. JSR, a manufacturer of photoresists, was acquired by JIC two years ago for approximately 900 billion yen. Mitsui Chemicals is expanding its chip materials business amidst rising valuations due to AI investments.
He left his teaching job to make adhesive tapes; now Crown New Materials' 787% IPO surge has made him a billionaire
He once worked as an elementary school teacher. Today, Mai Huiquan and his sister Mai Huixia are at the centre of one of China's biggest stock market debut stories. Their company, Crown New Materials, saw its shares jump 787% on November 3, turning its IPO into a major talking point among investors.
China tape maker stock debut: Chinese firm that deals with Apple, Tesla, BYD saw stock price surges 787 per cent after IPO, makes former school teacher, sister billionaires
Crown New Materials Technology is provider of adhesive materials to Apple, Tesla, BYD. During the first day's trading, Crown New Materials Technology made an astronomical gains of 787 per cent.
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