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BOK Holds Key Rate Steady amid Weak Won, Trump Tariffs
South Korea's central bank kept its benchmark interest rate unchanged on Thursday in a bid to support the wobbly currency and ensure financial stability, while adopting a cautious stance amid heightened uncertainty from the Donald Trump administration's sweeping tariff...
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California Sues Trump Administration over 'unlawful Tariffs'
California Governor Gavin Newsom has announced that the western US state which has the largest economy in the nation is suing the Trump administration over the President's sweeping "unlawful tariffs" on international trading partners."President Trump's unlawful tariffs are...
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South Korea Logs Current Account Surplus for 22ND Month in Feb
South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed on Tuesday.The country's current account surplus reached US$7.18 billion in February, following a $2.94 billion surplus the previous month,...
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Jindal Global Law School Triumphs at Finland Arbitration Institute Helsinki Vis Pre-Moot 2025
Students representing Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU) emerged as winners of the prestigious Finland Arbitration Institute (FAI) Helsinki Vis Pre-Moot 2025. The competition was part of the 32nd Willem C. Vis International Commercial...
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Crown Prince of Dubai to Arrive in India Today for Two-day Visit
Dubai Crown Prince and UAE Deputy Prime Minister, Sheikh Hamdan bin Mohammed Al Maktoum, will arrive in India on Tuesday for a two-day official visit at the invitation of Prime Minister Narendra Modi.This marks Sheikh Hamdan's first official visit to India in his capacity...
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Experts Welcome US Reciprocal Tariff Exemption on Pharma, Call to Boost Domestic Manufacturing
Industry experts on Thursday welcomed the exemption of Indian pharmaceutical exports from Trump's reciprocal tariffs while also stressing the need to strengthen domestic manufacturing.The experts cited the importance of the cost-effective and life-saving Indian generic...
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US Calculation Inflates India's Tariffs on American Goods: Bernstein
The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.Bernstein's analysis indicates that the...
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Trump's reciprocal tariffs heighten uncertainties over S. Korea-US partnership
US President Donald Trump's announcement on "reciprocal" tariffs appears to have put South Korea deeper into a soul-searching mode over its growing reliance on the United States for trade, as the protectionist move further jeopardised the fate of a bilateral free trade...
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In Symbolic Stand against Trump's Tariffs, US Senate Votes against Canada Levy
Taking a symbolic stand against President Donald Trump's tariffs, the US Senate passed a resolution against some of the levies he has announced against Canada.The resolution moved by Democrats was adopted on Wednesday with the support of four Republicans who broke ranks...
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Sensex, Nifty Open Lower as Trump Tariffs Trigger Global Sell-off
Indian equity indices opened lower on Thursday following a sharp sell-off in global markets after the US President Donald Trump announcement of reciprocal tariffs.At around 9:20 am, Sensex was down 470 points or 0.61 per cent at 76,197, and Nifty was down 105 points or 0.45...
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India Stands Less Impacted by Trump Tariffs than Global Peers: Industry
As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.Tariffs...
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US Tariffs on Electronics: India Emerges Favourable among Competitors
India has emerged favourably placed in the first round of reciprocal tariff announcements by the US, especially compared to key electronics export competitors like China, Vietnam, Thailand and Indonesia, following the extraordinary and relentless efforts by its negotiators...
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Two Bangladeshi Nationals Pushed Back for Illegal Infiltration
At least two Bangladeshi nationals were arrested and subsequently pushed back for allegedly crossing the international border and illegally entering Indian territory, said Chief Minister Himanta Biswa Sarma on Tuesday.He said that the infiltration attempt was foiled by...
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Sri Lankan Navy Arrests 11 TN Fishermen, Seize Mechanised Boat
The Sri Lankan Navy on Thursday arrested 11 fishermen from Tamil Nadu for allegedly crossing the International Maritime Boundary Line (IMBL).According to officials from the Tamil Nadu Fisheries Department, the arrested fishermen were taken to the Kangesuthurai Naval Camp in...
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BOK Warns against Market Volatility amid Uncertainty, Rising Household Debts
The South Korean central bank warned on Thursday of the possibility of increased volatility in the financial market and its potential impact on the country's financial stability amid weak economic growth and high uncertainties at home and abroad.The Bank of Korea (BOK) made...
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Digital Booster: Airtel Lands 2Africa Pearls Cable in India
In a boost to India's digital growth ambitions, Bharti Airtel on Thursday said it has successfully landed the 2Africa Pearls cable in the country, connecting India to Africa, and Europe via the Middle East.2Africa Pearls brings over 100 tbps (terabits per second) of...
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US Tariffs on Imported Cars to Weigh Heavily on S. Korean Carmakers
US President Donald Trump's recent announcement to levy 25 per cent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said on Thursday.Trump signed a...
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South Korea to Hold Emergency Meeting on US Auto Tariffs
The government will hold an emergency meeting with local automotive companies on Thursday to discuss the possible impact of the US administration's plan to start imposing auto tariffs next week, the industry ministry said.The meeting, to be chaired by Industry Minister Ahn...
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Trump Announces 25 per Cent Tariff on Imported Cars
US President Donald Trump raised tariffs on imported automobiles and parts to 25 per cent and indicated that the reciprocal tariff system that goes into effect on April 2 will be "lenient".The new tariff will go into effect on April 2, a day Trump likes to call the...
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Global Passenger Vehicle Infotainment System Sales to Surpass 105 MN Annually
Global passenger vehicle (PV) infotainment system sales grew 3 per cent (on-year) in 2024, according to a new report released on Monday.Global infotainment system sales are projected to grow at a CAGR of 3 per cent from 2025 to 2035, surpassing 105 million units...
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Samsung Tops Domestic Sales for 22 Consecutive Years: Report
Samsung Electronics has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report here showed on Monday.According to the report from the Korea CXO Institute, a corporate data firm, Samsung...
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BOK to Conduct Real Transaction Test of Digital Currency Next Month
South Korea's central bank said on Monday it will conduct a test of using digital tokens converted from bank deposits for payments at both online and offline malls as part of its comprehensive test to introduce a wholesale central bank digital currency (CBDC).Since 2021,...
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Hyundai, Kia to Surpass 30 MN Cumulative Sales in US This Year
South Korea's largest automotive giant Hyundai Motor Group is set to reach a major milestone of 30 million cumulative vehicle sales in the United States this year, continuing its steady growth in the key overseas market, the company said on Monday.Since their entry into the...
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Centre Seeks Reply from X over Its Chatbot Grok's Controversial Responses
The Central government has reportedly sought an answer from Elon Musk's social media platform X over its AI chatbot Grok using Hindi slang and abuses in responses.Media reports said that the Ministry of Electronics and Information Technology (MEITY) is currently examining...
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13 TN Fishermen Released from Sri Lankan Custody Arrive in Chennai
Thirteen Tamil Nadu fishermen, including one who sustained gunshot injuries, arrived in Chennai after their release from Sri Lankan custody.The fishermen were released late last night.The fishermen, hailing from Mayiladuthurai, Nagapattinam, and Karaikal, were apprehended...