Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

Shares of shrimp and textile exporters sank as much as 12% on Thursday after U.S. President Donald Trump’s 50% tariff on Indian imports came into force, eroding competitiveness and triggering a broad selloff in some of India’s most export-dependent companies. Shares of India’s leading shrimp exporters fell, with Avanti Feeds down 4% to Rs 614.05, … Read more

Vedanta shares tumble 7% as US dollar hits record peak

Vedanta shares tumble 7% as US dollar hits record peak

Vedanta shares plunged 7% to Rs 410 in Monday’s trade on the BSE after the US dollar reached a record peak against the Indian rupee and other global currencies. The Indian rupee weakened past Rs 87 per US dollar for the first time, following President Trump’s tariff impositions on the country’s largest trading partners, driving … Read more