India, Trump and tariffs
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India, Pakistan and floods
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Indian shares fell on Thursday, a day after additional 25% punitive U.S. tariffs on local imports took effect, with analysts warning of near-term pressure on markets.
The Indian stock market faced major losses on August 28 due to new US tariffs, with the Sensex dropping over 500 points. The overall market cap of BSE-listed firms fell by ₹2 lakh crore, exacerbating negative investor sentiment amid foreign capital outflows and weak earnings.
Apparel exported from India is sold at three-to-six times the cost in US stores, and even a 10 percent increase in retail price is sufficient to absorb the tariff impact, Kansal was quoted as saying by the Financial Express.
Indian shares opened lower on Thursday, a day after additional 25% punitive U.S. tariffs on local imports took effect, with analysts warning of near-term pressure on markets.
B2 visa application of a Mumbai woman, 26, was denied after a brief interview at US consulate. She claimed that she was not given clear justification.
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