Indian textile stocks jump 15.5% post-US tariff on Bangladeshi textiles

Indian textile stocks jump 15.5% post-US tariff on Bangladeshi textiles

New Delhi, July 8 (HS): Following President Trump’s 35% tariff on Bangladesh, Indian textile company shares increased up to 8%, as experts predict that this hike will elevate Bangladesh’s export costs, diminishing its US market competitiveness. Consequently, Indian firms may enhance their share of textile exports to the U.S. Notable companies like Gokaldas Exports, KPR…

Rupee gains 26 paise, closing at 85.68 due to trade talks,oil dip

Rupee gains 26 paise, closing at 85.68 due to trade talks,oil dip

New Delhi, July 8 (H.S.): The rupee closed at a temporary level of 85.68, gaining 26 paise against the dollar due to anticipated trade negotiations with the U.S., declining crude oil prices, and reduced dollar demand. Previously, it had fallen 54 paise to 85.94 rupees per dollar. Opening at 85.75, the rupee briefly dropped to…

No directive issued to close inactive Jan Dhan Yojana accounts:DFS

Delhi, 8 July (H.S.): The Department of Financial Services (DFS) clarified that it has not instructed banks to close inactive PM Jan Dhan Yojana accounts, despite media reports. A nationwide campaign launched on July 1 aims to enhance the adoption of various welfare schemes, including the Jan Dhan Yojana. During this campaign, banks will conduct…

Trump states US 'very close' to trade deal with India; tariffs deadline extended to August 1

Trump states US 'very close' to trade deal with India; tariffs deadline extended to August 1

New Delhi, July 8 (H.S.): Ongoing trade deal negotiations between India and the United States are nearing completion, with an interim agreement on tariffs expected soon. A draft of the agreement has been shared and mutually accepted, allowing exemptions for India’s textiles, leather, and gems and jewelry products. Most agri-food processing products may be excluded,…

Indian stock market opens lower due to concerns over Trump's new tariff measures

Indian stock market opens lower due to concerns over Trump's new tariff measures

New Delhi, July 08 (H.S.): The impact of U.S. President Donald Trump’s new tariff announcements is evident in today’s stock market, with traders exercising caution. The market opened weakly, but both the Sensex and Nifty indices initially showed some upward movement due to buying support. However, selling pressure soon emerged. By 10 AM, the Sensex…

Dhaka Reporters Unity reports severe journalist oppression in Bangladesh

Dhaka Reporters Unity reports severe journalist oppression in Bangladesh

Dhaka, July 8(HS): Dhaka Reporters Unity (DRU) has voiced grave concerns regarding the plight of journalists in Bangladesh. Former DRU president Syed Shukur Ali Shuvo, alongside 51 journalists, reported that within 11 months, 412 journalists faced lawsuits, with 39 arrested and imprisoned. Additionally, 168 journalists had their press accreditation revoked, and over 100 lost their…

Fluminense aims to make history against Chelsea : Renato Gaucho

Fluminense aims to make history against Chelsea : Renato Gaucho

New York, July 8 (H.S.): Fluminense’s manager Renato Gaucho expressed the team’s ambition to make history ahead of their FIFA Club World Cup semifinal against Chelsea. He acknowledged the financial disparities, noting that Fluminense has less than 10% of the financial capacity compared to top European clubs like Chelsea, Real Madrid, and Paris Saint-Germain. However,…

Netanyahu nominated US President Trump for Nobel Peace Prize for peace efforts

Netanyahu nominated US President Trump for Nobel Peace Prize for peace efforts

Washington, July 8 (H.S.): Israeli Prime Minister Benjamin Netanyahu met with President Donald Trump for dinner at the White House on Monday, where both leaders celebrated recent actions against Iran. Netanyahu announced he had nominated Trump for the Nobel Peace Prize, praising his efforts to promote peace and security in the region. Netanyahu also handed…