From Ambani to Adani: India’s 4 richest billionaires lose over $10 billion in bloody Monday market crash
India’s top four billionaires—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—saw their combined net worth fall by $10.3 billion on Monday, according to Forbes’ real-time billionaire list, as markets witnessed a sharp selloff. Mukesh Ambani, India’s richest individual, suffered the biggest hit with his wealth dropping by $3.6 billion to $87.7 billion….
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Auto stocks drop up to 4% on US tariff hike, export concerns rise
Nifty Auto index stocks, including Balkrishna Industries, Bharat Forge, Bajaj Auto, Tata Motors, and Motherson, fell up to 4% in Thursday’s trade after the Trump administration imposed a 26% blanket tariff on Indian imports. Analysts view this as a major setback for India’s export-driven sectors, particularly automobiles. The automobile sector, which contributes around 3% of…
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US trade tariffs and its impact on global commodities
The erratic and inconsistent trade policies of US President Donald Trump are challenging the global commodity market, making prices highly volatile. The recent US tariffs on countries like Canada, Mexico, and China have raised concerns over a global trade war, as Canada and China have already imposed retaliatory tariffs on U.S. products. Bullion was the…
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PayPal shares slide as EU lawmaker raises prospect of new fees amid trade tensions
PayPal shares fell 4% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating U.S.-Europe trade tensions and potential tariffs. Uncertainty over tariffs and mounting trade actions have unsettled global markets, causing volatility, straining supply chains and shifting investor sentiment across industries. Earlier this week,…
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