Business

‘Not credible’, P 19

Wall Street saw some relief as oil prices fell, but weekly losses continued. Investors weighed geopolitical tensions, new US tariffs, and the Federal Reserve’s policy outlook. Major indices like the S&P 500 and Dow Jones Industrial Average posted gains on Friday. However, losses in technology firms like Micron and Broadcom capped broader market advances. Concerns

The Union cabinet approved a Rs 1,264-crore railway project for new lines. This initiative will enhance freight movement and passenger connectivity across key states. The project aims to ease congestion and improve logistics efficiency significantly. Additional rail capacity will facilitate smoother movement of passengers and goods. This expansion is scheduled for completion by 2028-29.

The Union cabinet approved a new Rs 3,030-crore scheme for three dedicated chemical parks. This initiative aims to strengthen India’s chemicals sector with world-class infrastructure. The Bharat Audyogik Vikas Yojana Rasayan scheme will be implemented over five years. The Centre will provide up to Rs 1,000 crore grant for each park. This plan seeks to

Indian stock markets closed lower for a fifth consecutive session on Friday. Rising oil prices and Middle East tensions fueled investor caution and market pressure. Foreign institutional investors continued their selling trend, impacting market sentiment negatively. Renewed concerns over US trade tariffs also contributed to the overall market decline. Selling in heavyweight stocks like Infosys

US Trade Representative Jamieson Greer announced the revised tariffs on 60 economies on Thursday, one day before the expiry of the temporary additional 10% duties that had been imposed on imports from all countries.

India imported over 32 lakh tonnes of key fertilizers during the first quarter. Domestic production of fertilizers reached 115.72 lakh tonnes in the same period. The government is diversifying import sources to mitigate supply chain risks. Long-term agreements are being finalized with overseas suppliers for fertilizer security. India is sourcing water-soluble fertilizers from multiple countries

United States imposed a ten percent tariff on Indian goods, offering some relief. Economists believe the immediate impact on India’s exports will be limited. Reducing dependence on single markets and broadening global reach is crucial. Certainty after months of shifting proposals is a positive development. Sustained export growth depends on competitiveness and diversification efforts.

Canada will not retaliate in advance against proposed US tariffs, preferring negotiations. Prime Minister Mark Carney stated that premature action would be counterproductive at this stage. Ottawa is intensifying efforts to strike a comprehensive trade agreement with the United States. Canada has not ruled out measures if tariffs are imposed by Washington. The country is