The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27.
Indian manufacturing sector witnessed the fastest improvement in operating conditions in over 17 years in August, driven by an increased production efficiency and healthy demand conditions, a monthly report said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 59.1 in July to 59.3 in August, indicating the fastest improvement in operating conditions for 17-and-a-half years.
'India has intentionally taken advantage of the war in Ukraine to dramatically increase its purchases of Russian crude, when there are roughly 40 major crude providers that could satisfy Indian demand.'
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duties for India's purchase of Russian crude oil.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
India has voiced regret over the Ukraine conflict's 'collateral consequences', including prices of fuel, saying countries of the Global South have been left to fend for themselves, as Delhi underscored that diplomatic efforts hold the promise to end the war and bring lasting peace.
Former US Open champion Coco Gauff wiped away a flood of mid-match tears after a litany of service errors to defeat unseeded Croatian Donna Vekic 7-6(5) 6-2 and labour into the third round of the Grand Slam on Thursday.
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US' decision only for a short period of time as India controls 90% of diamond production.
Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.
Indian envoy Vinay Mohan Kwatra discussed fair, balanced and mutually beneficial trade ties with US lawmakers amid ongoing tariff tensions between New Delhi and Washington.
A senior Russian diplomat has called the US pressure on India for its procurement of Russian crude oil "unjustified," expressing confidence in continued energy cooperation between India and Russia despite external pressures.
United States President Donald Trump has said India is 'very close' to China in terms of its purchases of Russian oil and will pay tariffs of 50 per cent as he indicated that 'you are going to see so much secondary sanctions'.
Mexican boxer Julio Cesar Chavez Jr has entered a prison in the northern Mexico state of Sonora after his arrest in the United States in July.
'The Alaska Summit made me realise that while difficult, peace is within reach.'
Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.
President Trump claims American tariffs imposed on India for purchasing Russian oil have negatively impacted Russia's economy, referring to India as Russia's major oil buyer. He also mentioned plans to meet with Putin and Zelenskyy, and claimed to have solved several wars, including the conflict between India and Pakistan.
The point to note for India is that we must not panic. The United States may be our largest export destination, but high tariffs will not exactly mean gloom and doom. Sure, we can throw some morsels as we continue negotiating, but we must be firm that some red lines cannot be crossed, no matter what, asserts Shreekant Sambrani.
The Shiromani Akali Dal has appealed to the United States government to consider a humanitarian view of truck driver Harjinder Singh, who faces a vehicular homicide case. The party also requested the Indian government to provide consular and legal assistance.
Pakistan's Prime Minister Shehbaz Sharif on Thursday thanked United States President Donald Trump for the 'historic' trade agreement reached between Islamabad and Washington, and expressed hope that it would expand cooperation between the two nations.
World champion Dommaraju Gukesh scored one win and four draws on the opening day to slip to joint-sixth in the St. Louis Rapid and Blitz chess tournament, a part of the Grand chess tour, in St. Louis (USA), on Friday.
China showcased its latest military hardware, including hypersonic and ballistic missiles, during a parade commemorating the 80th anniversary of its victory against Japanese aggression in World War II. President Xi Jinping called for world peace and national rejuvenation.
The Indian Consulate in Chicago took strong note of the act and called it "reprehensible".
The protesters shouted slogans such as KP Chor, Desh Chhod (K P Sharma Oli is a thief, quit the country), "Take action against corrupt leaders".
In the sixth round Gukesh survived another scare before steering the game to a draw with Firouzja.
The team locked their spot in the global event with a game in hand by emphatically beating Canada, Bermuda and Argentina in the double round-robin Qualifier played in Rydal, Georgia.
Former US National Security Advisor John Bolton says President Trump's policies have damaged US-India relations, pushing New Delhi closer to Russia and China.
Angelina Jolie is reportedly planning to sell her house in the United States and relocate abroad with her children.
Russia announces its withdrawal from a self-imposed moratorium on deploying intermediate-range missiles, citing escalating tensions with the US and the repositioning of American nuclear submarines.
Grandmaster R Praggnanandhaa kept himself in hunt for an overall top four finish in the Grand Chess Tour after a draw with Wesley So of the United States in the eighth and penultimate round of the Sinquefield Cup in St Louis (USA).
Stephen Graham won two awards at the Emmys, including Best Actor for his role in Netflix's hit drama Adolescence as well as Best Writing alongside co-creator Jack Thorne.
'That a song can carry the weight of a people's dreams and move hearts across the world.' On Bhupen Hazarika's 99th birth anniversary, Prime Minister Narendra Modi pays rich tribute to the legendary singer and composer.
Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of halting military conflict with Pakistan within five hours of being asked by then US President Donald Trump. He made the allegations during a rally in Muzaffarpur, Bihar, also criticizing the media and the deletion of names from electoral rolls.
Indian great Viswanathan Anand will revive his iconic rivalry with Russian stalwart Garry Kasparov, while world champion D Gukesh will go up against familiar foe Magnus Carlsen in Clutch Chess exhibition matches come October in St Louis, USA.
The United States has imposed sanctions on at least half a dozen Indian companies accused of trading in Iranian petroleum and petrochemicals as part of broader action targeting 20 entities worldwide.
Gukesh had another eventful game in a Queen pawn opening with black pieces.
World champion GM D Gukesh finished tied sixth as Levon Aronian of USA convincingly won the St. Louis Rapid and Blitz that concluded in St Louis.
'Within 30 minutes of when Asim Munir made those comments, he should have been taken to Tampa airport and flown out of the United States.'
'Xi is an individual led by a harder calculus and would scoff at melting over gestures.' 'That we did not know this was our failure,' asserts Aakar Patel.
Stressing that wars are "very bad", Trump said that he seems to have "an ability to end them, to get people together" for which he uses the "power of the United States".
'Russia, as you know, lost almost 25,000 over the last month and a half. Ukraine lost just a few, and lots of people are dying.'
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