TARIFF EXTENSION
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
With Stephen Miller at the helm, Trump charts a course for conflict
Voters delivered a historic rebuke to Republicans in Tuesday's midterm election, but with Miller as White House chief of staff, the Trump administration is expected to continue its aggressive immigration crackdown, amplify cultural conflicts and give no ground to a Democratic-controlled Congress, say officials and experts who spoke to Reuters. They say wavering Republicans will face increased pressure to stay in line, while businesses may have a harder time making their case to the White House.
US midterms upended Congress but Trump still commands foreign policy
Following the Republican Party's recent electoral losses, President Trump's domestic influence appears to have diminished significantly. Despite these setbacks, Trump retains considerable freedom to implement his foreign policy agenda. Democrats are poised to seek increased oversight of Trump's actions, especially concerning Iran and Israel. Challenges may arise as Trump continues to navigate these international affairs amid growing scrutiny.
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost EV adoption
Nitin Gadkari recommended varying electricity rates for electric vehicle charging to enhance usage in Maharashtra. He indicated that costs for traveling in electric vehicles are significantly lower than petrol or diesel cars. Gadkari mentioned the potential for solar power to support cheaper night-time electricity. He provided updates on alternative fuel technologies including electric and hydrogen-powered vehicles. Additionally, Gadkari discussed biofuels, biogas, and their role in environmental sustainability.
US Midterms 2026: Cost of living and government corruption are top issues, AP Voter Poll says
Voters are participating in Election Day to influence control of the U.S. House and Senate. Many electorate members express dissatisfaction with the current economic situation attributed to Trump's policies. Polls indicate a significant desire for checks and balances on the presidency from Congress. Various gubernatorial candidates, along with major ballot measures, also shape the election landscape. Early voting statistics show heightened engagement compared to previous elections and reflect voter concerns.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
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Reflecting Pool vs. the state of the economy: Trump and Democrats clash in closing messages
Democrats and Republicans made their final pitches to voters ahead of Tuesday's US midterm elections, with Democrats focusing on rising living costs and the economic impact of the Iran war, while Republicans portrayed their opponents as radical. President Donald Trump, meanwhile, devoted much of his final public address to renovation plans for Washington DC, while acknowledging that his party could struggle in the elections.
Budget 2027: Customs duty relief on 118 goods under review
The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain medical devices. A focus is on correcting the inverted duty structure to support local manufacturing initiatives. The outcomes of this review will influence the upcoming budget for 2027-28.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Jio Platforms shares climb over 3% after Q2 PAT rises 14% YoY to Rs 8,389 crore. Buy, sell or hold?
Jio Platforms reported a 14% year-on-year rise in September-quarter net profit in its first earnings announcement since listing. Subscriber additions, 5G adoption and digital services supported growth, while brokerages retained Buy ratings with target prices of Rs 1,340 and Rs 1,350.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.
Jio Platforms share price up 28% from IPO price. Here’s what these 4 brokerages are saying
Jio Platforms shares extended their post-listing rally, rising over 28% in three sessions. Nomura, Motilal Oswal, Dolat Capital and Elara Capital remain positive, citing tariff hikes, 5G monetisation, broadband expansion and digital services growth.
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantage
The Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning farming, railway safety, tax compliance, public grievances, customs and healthcare. While some tools are already in use, others remain in pilot or development stages.
Jio Platforms shares jump 5% on Day 2 after ending 27% higher on debut day. Buy, sell or hold?
Jio Platforms shares rose further after a strong market debut, climbing over 32% above the IPO price. Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, ARPU growth and digital services opportunities.
Jio Platforms shares get 3 Buy calls on Day 1 as Nomura, Motilal and Elara initiate coverage. Check target price
Jio Platforms debuted at a 21.36% premium to its IPO price on Wednesday, while Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings. Brokerages cited telecom leadership, tariff hikes, rising ARPU, digital services and improving cash flow as key growth drivers.
Jio Platforms shares list at 21% premium over IPO price. Should investors buy, sell or hold the stock?
JIO Platforms (JPL) Share Price: Jio Platforms made a strong stock market debut, listing at a 21.36% premium over its IPO price of Rs 1,119. The Rs 30,200 crore issue attracted over 1.38 crore applications and was subscribed 22.2 times. Nomura, Motilal Oswal and Elara Capital have initiated coverage with Buy ratings.
India notifies new telecom rules that allow time-bound exemptions to test emerging technologies
The Indian government has introduced new rules to facilitate the testing of telecommunication technologies in controlled environments. These rules provide exemptions from certain regulatory requirements under existing laws aimed at fostering innovation. Regulatory sandboxes will allow for trial of new services under specified conditions before commercial deployment. The government will oversee eligibility criteria and risk management measures for participants.
Import window for duty-free raw sugar extended till Dec 31
The government has extended the deadline for duty-free imports of 10 lakh tonnes of raw sugar to December 31, as domestic imports have lagged at just 3 lakh tonnes due to price control measures. This decision aims to mitigate supply constraints following record high sugar prices linked to reduced domestic production and exports.
Canada plans to cut student and temporary worker arrivals, fast-tracks PR for 33,000 workers
Canada plans to decrease new temporary resident arrivals over the next three years while maintaining permanent residency targets. The targeted intake for international students will fall to 155,000 in 2026 and further decline in subsequent years. Temporary worker admissions are also set to decrease, with higher priority given to needed skills. Permanent residency admissions will remain steady, focusing on economic and family reunification categories.
As midterms loom, Trump seizes on France unrest for political gain
Protests in France erupt over high inflation, leading to political discussions in the US midterm elections. President Donald Trump cites these events to advocate for stricter immigration policies and bolster support for his party. Analysts suggest that while this strategy may resonate with his base, it overlooks pressing domestic issues prioritized by most voters. Experts note that the economy remains the primary concern among Americans in upcoming elections.
Asia’s resilience masks a growing jobs challenge as AI reshapes work
The Asia-Pacific region has shown resilience despite energy shocks and trade restrictions, with the IMF projecting 4.8% growth. While some economies are adapting to oil shocks, challenges persist, including high fuel prices and public finance sustainability. Many Asian economies face structural issues, including job creation for young populations with underemployment. The impact of AI on labor markets is reshaping skills and knowledge work demands among employers.
Uniqlo India net profit rises 41% to Rs 253 cr in FY26; co bets on expansion
Uniqlo reported a significant increase in revenue for the year ended March 2026. The revenue rose 44% year-on-year, reaching ₹1,724 crore as net profit also increased. This growth occurred despite challenges faced by other apparel retailers in India. Uniqlo plans to expand its presence through new stores and enhance customer engagement via digital platforms. The Indian apparel market is projected to grow significantly in the coming years.
Trump says he's a great dealmaker. His record says otherwise
Donald Trump, known for his negotiation skills, has faced criticism for his failed deals and claims. His presidency has shown that many of his promised agreements did not materialize as expected. Some real accomplishments during his administration included the Abraham Accords and trade agreements. Experts have noted that Trump's approach often hinged on leveraging chaos to maintain control over negotiations.
Christmas cheer, but caution remains: Exporters welcome US tariff relief, keep diversification plans
US President Donald Trump’s decision to waive proposed tariffs of up to 100% on buyers of Russian oil has eased uncertainty for Indian exporters ahead of the crucial Christmas shipping season. However, businesses across textiles, gems and jewellery, and human hair products say they will continue diversifying export markets after last year’s tariff turmoil, even as the US remains a key destination for Indian goods.
China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficit
Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister reported a staggering trade deficit exceeding $100 billion with China this year, even with improved diplomatic relations. She noted that non-tariff barriers obstruct Indian products, especially generic medicines, from entering China.
Catch a bully by its horns: How India can turn the latest round of US visa curbs affecting Indian techies to its advantage
Visa restrictions imposed by the US on Indian IT companies may impact individuals working on temporary visas. Many Indian workers may now have to return to India due to these restrictions. Despite these challenges, returnees present opportunities for India in emerging technologies and industries. Additionally, India's relationship with the US requires strategic actions to maintain balance in trade and diplomacy.
JIO IPO & Rs 10 lakh crore: Mukesh Ambani added 13 zeros to Dhirubhai’s dream
Jio Platforms will begin subscriptions for its IPO on October 21 and it will conclude on October 23. The record-breaking IPO could see valuation exceed Rs 10 lakh crore.. This IPO forms part of Jio's broader strategy to lower its debt and advance corporate goals. How the company navigates this phase will impact where it goes from here.
Pump price before politics: Is Trump's Russian diesel purchase a necessary compromise or blatant hypocrisy?
Recent actions by Donald Trump to secure Russian diesel imports highlight the complexities of US energy policy, balancing domestic fuel prices against geopolitical strategies. Despite urging allies not to buy Russian oil, the US continues to navigate a delicate landscape where affordable fuel remains a political priority ahead of the midterm elections.
Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON
Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings expected to influence investor outlook.
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