GLOBAL SUPPLY
India's defence exports saw 34-fold jump over the past decade: Rajnath Singh
India's defence exports have surged dramatically, increasing 34-fold in the last decade, reaching Rs 23,622 crore in 2024-25. This growth, fueled by the 'Atmanirbhar Bharat' initiative, aims for Rs 50,000 crore in annual exports by 2029. Increased defence production and government investments have boosted investor confidence, with the Nifty India Defence index climbing over 30% in three months.
Scrap copper was piling up in the US. Now it can finally move
US and China trade war caused chaos in the copper scrap industry. A mountain of scrap metal piled up in Salt Lake City. The truce between the two countries offers a temporary solution. US dealers are eager to resume shipments. However, skepticism remains about a lasting deal. The situation highlights the complex impact of tariffs on global supply chains.
Iron ore price to remain between $80-100 amid demand slump, supply growth
Global iron ore prices are expected to stay between $80 and $100 per tonne over the next 18 months due to weak demand and slowing economic growth, according to a Moody’s Ratings report on metals and mining. Moody’s said the price range will cap earnings growth for large producers, though most will remain profitable even if prices fall below $80, owing to their low production costs.
GE Vernova to invest Rs 140 crore to expand manufacturing in India
GE Vernova is investing Rs 140 crore in India to expand its manufacturing capabilities for advanced grid infrastructure. This investment, executed through GE Vernova T&D India, will enhance the production and testing of next-generation equipment crucial for modern transmission systems.
How the world's largest jeweller is surviving the trade war
Pandora, the jewellery giant, faces uncertainty due to Donald Trump's trade policies. The company is considering how to manage potential tariffs on goods from Thailand and Vietnam.
Will China’s trade charm clip Nifty’s wings as FIIs may rethink India bet amid US truce?
A US-China trade truce is prompting concerns that foreign investors may shift focus from India back to China, potentially impacting Indian equities. While some anticipate short-term capital flows to China, others emphasize India's strong structural growth story and insulation from certain trade dynamics. The long-term impact on India's manufacturing competitiveness remains a key consideration.
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Samsung Electronics to buy German cooling system maker FlaktGroup for $1.7 billion
Samsung Electronics will acquire FlaktGroup for $1.68 billion. This acquisition aims to meet the cooling demands of data centers. The deal is expected to close this year. Samsung seeks growth in AI chips and other sectors. Investors had hoped for larger deals involving Samsung's chip business. The company is expanding into consumer audio, cooling, heating, medical, and robotics.
Trade thaw offers 90-day reprieve as US, China seek off-ramp from economic decoupling
The United States and China have reached an agreement to reduce tariffs on each other's goods for 90 days. This move aims to ease economic tensions. Markets are responding positively to this development. Targeted tariffs in sectors like pharmaceuticals and automobiles are still possible. This provides an opportunity to build resilient global supply chains.
US dollar falls, stock futures up, inflation whets risk appetite
The dollar fell and U.S. stock futures rose on Tuesday after data showed U.S. consumer inflation picked up less than expected in April, when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global supply chains and markets.
Gems and jewellery exports fall in April amid rising gold prices and geopolitical tensions
India's gems and jewellery exports experienced a 4.62% dip in April 2025, totaling USD 2037.06 million, while imports declined by 17.61%. Cut and polished diamond exports fell by 6.12% due to decreased demand in the US and China, coupled with the rise of lab-grown diamonds. However, rough diamond imports saw a slight increase of 0.56%, driven by domestic jewellery demand.
Metals Sector: A Promising Upsurge Amid Global Trade Thaw
The metals sector is witnessing a positive shift, driven by improved global demand and easing supply chain issues. Companies like Gravita India and National Aluminium Co are positioned for significant upside potential, making them attractive investment opportunities.
Tariff gap that once favoured India is shrinking fast after latest US-China deal: GTRI's Srivastava
A recent US-China trade agreement, featuring a 90-day tariff withdrawal, has narrowed the tariff gap between India and China. This shift potentially undermines India's competitive advantage in attracting companies seeking to diversify from China.
Metal stocks surge as US-China trade deal eases economic concerns
The Nifty Metal index jumped 5.9% - its best single-day performance in three years. Hindustan Copper soared 10%, emerging as the top gainer of the day. Steel Authority of India Limited (SAIL), National Aluminium Company (Nalco), Tata Steel and JSW Steel, which gained 5-8% each.
US-China truce unlikely to trip phone companies' Make-in-India play
The US-China tariff pause is unlikely to hinder India's mobile phone production growth, as a 20% tariff advantage remains, though only until July 9. Geopolitical factors still favor India as a supply chain alternative. While the industry is optimistic about a bilateral trade agreement with the US, executives caution against complacency given the fluid global situation.
Oil prices rise as US-China trade talks soothe market jitters
Oil prices saw an increase on Monday. This followed positive signals from U.S.-China trade discussions. Both sides indicated progress, boosting market confidence. Investors are optimistic about a potential resolution to the trade dispute. OPEC+ plans to increase output in May and June. Talks between Iran and the U.S. continue regarding Tehran's nuclear program. U.S.
Tired of importing US Lettuce, Canadian farmers turn to robots
Canada heavily relies on US lettuce imports, facing supply disruptions due to droughts and rising costs. To combat this, Canadian researchers and farmers are developing a lettuce-harvesting robot. Currently being tested in southern Ontario, this AI-powered robot aims to enable year-round local lettuce production, ensuring quality, cost control, and a more secure food system for Canadians.
Every arms exporter loves a good war
Despite global tensions and sanctions, Russia and China's arms trade continues to thrive, fueling conflicts in regions like India and Pakistan. The global arms market is becoming increasingly export-oriented, with new players emerging and traditional exporters seeking to balance trade. This rise in arms availability, coupled with evolving warfare tactics, raises concerns about escalation and the true cost of conflict.
Chipmakers find a ray of hope in AI chipsets amid US tariff gloom
Market trackers said chip makers are insulated from significant tariff impact due to the nature of their supply chain. The manufacturing of the chip sets largely takes place in Taiwan or Korea, which insulates the companies from a trade fallout with China. The origin of the final assembled device is often what determines the tariff applicability when shipped to a market like the US, so MediaTek and Qualcomm are not directly exposed to the evolving uncertainties, analysts said.
NRI Talk | Long-short strategies, Gold, and India: InCred's Kalwani on NRI portfolio moves amid uncertainty
In this insightful conversation, Kalwani outlines how NRIs can reposition their portfolios with a focus on long-short equity strategies, precious metals like gold and silver, and India’s growing appeal as a manufacturing and investment hub.
India-UK FTA to benefit exporters, steer bilateral trade towards $100 bn by 2030: Industry
India and UK's Free Trade Agreement is set to boost bilateral trade. Indian exporters can expand their presence in the UK market. The agreement aims to achieve a trade target of USD 100 billion by 2030. Sectors like FMCG and healthcare will gain momentum. TVS Motor Company anticipates new opportunities for growth and market access.
Trump's new executive orders may hit Indian Pharma exports, reshape global drug supply chains: Report
The recent executive orders on pharma issued by President Donald Trump are expected to create significant challenges for Indian pharmaceutical companies, especially those operating in the U.S. generic drug market, according to a report by Nuvama Research.
India-Pakistan tensions drive up basmati rice prices
Basmati rice prices in India have surged by up to 10% recently, reversing a previous decline, as West Asian countries increase imports amid rising India-Pakistan tensions. Concerns over potential supply disruptions are driving demand, particularly from Saudi Arabia, Iran, and Yemen. US buyers are also stocking up before potential tariff changes.
Welspun Corp secures Rs 1,950 crore order for pipe, bend supply
Welspun Corp Ltd has secured a significant export order valued at Rs 1,950 crore for the supply of line pipes and bends, boosting its consolidated global order book to approximately Rs 19,300 crore. The order, involving coated Longitudinal Submerged Arc Welding (LSAW) line pipes, is scheduled for execution across FY26 and FY27.
How can India ‘Make for the World’? Unlocking its defence export potential
India aims to become a global defence manufacturing hub, transitioning from 'Make in India' to 'Make for the World.' Achieving this vision requires addressing critical issues like aligning policy, industry, and diplomacy, meeting global standards, investing in R&D, and fostering trust. Strengthening SMEs and startups is also crucial for sustainable growth and achieving ambitious export goals.
Trade liberalisation on MFN basis with WTO nations to aid India: ADB's chief economist Albert Park
Asian Development Bank's chief economist Albert Park suggests India's proposed trade liberalization, including tariff reductions with the US, could benefit the nation if implemented on an MFN basis. He emphasizes the need for regulatory reforms and infrastructure upgrades to attract foreign investment and capitalize on supply chain diversification opportunities.
The Troika: Focused R&D, energy sovereignty and values
BVR Subrahmanyam and Debjani Ghosh of NITI Aayog outline three levers that can help India shape the era of intelligence, powered by AI.
Global factories struggle to overcome Trump tariffs, uncertainty
Uncertainty surrounding tariffs is causing businesses to delay decisions, leading to a synchronized hit on the world economy. Even potential trade deals may not immediately reverse the damage to supply chains and business confidence.
Oil slumps after OPEC+ plan, US stock futures drop
Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging. US equity-index futures dropped 0.5%, extending their decline after US President Donald Trump said he had no plans to talk to his Chinese counterpart this week. There’s no cash trading in Treasuries during the Asian day as Japan is closed for a holiday, along with markets in Hong Kong and mainland China.
Jubilant Beverages get CCI nod to acquire 40 pc stake in Hindustan Coca-Cola Holdings
Fair trade regulator CCI on Thursday cleared Jubilant Beverages' proposal to acquire a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH).
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