President Trump’s decision to impose tariffs on apparel manufacturing nations including India, are set to trigger a major reset of global supply chains and will likely lead to higher retail clothing prices in the United States, according to Pallab Banerjee, MD & Group President of apparel manufacturer Pearl Global Industries. Speaking to CNBC-TV18, Banerjee described […]
Tata Motors shares in focus as JLR pauses US shipments amid Trump tariffs – CNBC TV18
JLR, a key profit driver for Tata Motors, sold 430,000 vehicles worldwide in the 12 months ending March 2024, with nearly a quarter of that volume—approximately 107,500 units—destined for North America, according to its latest annual report. The US market suspension, first reported by The Times, comes as the company grapples with a 17% decline […]
Germany may pull gold reserves from New York amid Trump policy fears: Report – CNBC TV18
Germany is considering the removal of its gold reserves stored in New York due to concerns over US President Donald Trump’s policy unpredictability, Yahoo News reported, citing German publication Bild. For decades, Germany has stored around 1,200 tonnes of its gold—about 30% of its total reserves—deep within the vaults of the US Federal Reserve in […]
Donald Trump says ‘perfect time’ for Fed to cut interest rates – CNBC TV18
US President Donald Trump on Friday (April 4) called on Federal Reserve Chair Jerome Powell to slash interest rates. He said the economy is strong enough to support it. “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates,” Trump posted on Truth Social. “He is always ‘late,’ but he […]
Federal Reserve Chair Jerome Powell says Trump tariffs likely to raise inflation and slow US economic growth – CNBC TV18
The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth for the US economy, Federal Reserve Chair Jerome Powell said Friday (April 4). Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes will […]
Trump says he’s giving TikTok another 75 days to find US buyer – CNBC TV18
President Donald Trump on Friday said is signing an executive order to keep TikTok running in the US for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. Congress had mandated that the platform be divested from China by Jan 19 or […]
India’s structural growth story remains intact but faces near-term headwinds: Market analyst Bhawna Chhabra – CNBC TV18
Despite the recent global trade tensions sparked by new reciprocal tariffs, India’s long-term economic growth prospects remain strong, according to Bhawna Chhabra, Senior Market Analyst at Rosenberg Research. In an interview with CNBC-TV18, Chhabra acknowledged that while India is not immune to these global developments and faces potential challenges in the short term, its fundamental […]
Comprehensive trade agreement key to easing US-India trade tensions: Christine Bliss – CNBC TV18
As trade tensions escalate globally, Christine Bliss, President of the Coalition of Services Industries, has emphasised the urgent need for a comprehensive trade agreement between the US and India. In an interview with CNBC-TV18, she stressed that negotiations must extend beyond tariff reductions to include digital trade and services to ensure lasting economic benefits. Bliss […]
US Market Crash: Nasdaq takes 32 sessions to fall into bear market led by Nvidia, Tesla – CNBC TV18
The tech-heavy Nasdaq index plunged into a bear market territory on Friday, April 4, after another 4% drop took its losses from the peak well past 20%. The six-week selloff has wiped out nearly $6 trillion from the tech-heavy benchmark since its peak, spurred by worries President Donald Trump’s tariffs will push the US economy […]
IT stocks could shed another 10-15% as multiple challenges persist: Sowilo’s Sandip Agarwal – CNBC TV18
The worst may not be over for the Indian IT sector, which could see another 10–15% correction, warns Sandip Agarwal, Fund Manager at Sowilo Investment Managers. He advises a cautious investment approach, suggesting investors “nibble” after earnings once downside risks are factored in. The Nifty IT index has already shed over 22% year to date. […]