President Trump is preparing to implement industry-specific tariffs alongside country-by-country duties, starting August 1st. A 50% duty on copper is expected, followed by potential tariffs on lumber, chips, critical minerals, and pharmaceuticals. These sectoral tariffs, imposed on national security grounds, aim to reshape the US's global trading position and could cover a significant portion of imports.
An explosion at the Los Angeles County Sheriff's Special Operations Bureau in East Los Angeles has resulted in at least three fatalities, according to U.S. Attorney General Pam Bondi. The incident occurred in a parking lot containing patrol cars and box trucks, prompting responses from both the Los Angeles County Fire Department and the Sheriff's Department.
IndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows a $230 million loss due to past misaccounting, which led to the resignations of its CEO and deputy in April. The bank is also evaluating potential capital increases via depository receipts and qualified institutional placements.
JioStar, the RIL-Disney joint venture, posted a Q1FY26 net profit of 581 crore and 9,601 crore revenue, driven by IPLs record performance on TV and digital. Despite weak FMCG ad spends, strong sports and subscription income lifted earnings.
Spandana Sphoorty Financial will open a 400 crore rights issue on August 1 at 230 per sharenearly 25% below market priceto address asset quality stress and support equity infusion for FY26.
A high initial-margin requirement will discourage "undue speculation" in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.
Patel Chem Specialities' 58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME.
ICICI Prudential AMC's Anand Shah notes muted global ferrous metal profitability due to strong Chinese exports, impacting steel company earnings. He is optimistic about margin recovery in select chemicals and metals, citing attractive valuations. While positive on manufacturing, particularly defense and railways, valuations are becoming less appealing. Cement sector consolidation and potential demand growth offer opportunities.
