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India to Assess Impact of U.S. Copper Tariff as Global Prices Surge 10%

The U.S. has slapped a 50% duty on copper imports, which India will evaluate, Mines Minister G. Kishan Reddy stated. As part of President Trumps large

The U.S. has slapped a 50% duty on copper imports, which India will evaluate, Mines Minister G. Kishan Reddy stated. As part of President Trumps larger reciprocal trade strategy, the levy produced a 10% increase in world copper prices, which had an impact on Indian stocks such as Vedanta and Hindustan Copper. Experts in the field, however, predict that India will not be much impacted because the nation lacks enough copper and only exports about 10,000 tonnes to the United States each year. India is still a net importer, despite growing domestic demand from industries like electric cars and renewable energy. By 2030, Reddys ministry intends to increase smelting and refining capacity in order to fulfil future demand and lessen strategic vulnerabilities. Read More..

B2B Tech News | 5 months ago        

EU Scrambles to Seal U.S. Trade Deal Before August 1 Tariff Deadline

Due to President Trumps threats of sweeping new tariffs, the European Union is rushing to complete a trade agreement with the United States before the

Due to President Trumps threats of sweeping new tariffs, the European Union is rushing to complete a trade agreement with the United States before the August 1 tariff deadline. Trump sent notifications to seven more nations, alluded to penalties on semiconductors and pharmaceuticals, and indicated plans to impose 50% tariffs on copper. According to reports, Trump claims that the EU has become "much more cooperative" and that talks are moving forward. The EU wants a framework deal, maybe in a few days, but Italy cautions that talks are still "very complicated." The proposed agreement may include a baseline tariff of 10%, followed by sectorspecific relief. Over $100 billion worth of U.S. goods might be the subject of punitive actions if negotiations fail. Read More..

B2B Tech News | 5 months ago        

Canada Accelerates ASEAN Trade Deal to Offset U.S. Tariff Fallout

In an attempt to diversify its export markets in the face of growing U.S. tariffs, Canada is speeding up its attempts to complete a free trade agreeme

In an attempt to diversify its export markets in the face of growing U.S. tariffs, Canada is speeding up its attempts to complete a free trade agreement with ASEAN. Speaking in Kuala Lumpur, Foreign Minister Anita Anand underlined Canadas dedication to multilateralism and closer relations with Southeast Asia. The proposed agreement would lessen dependency on the United States, which recently levied high tariffs on Canadian automobiles, steel, and aluminium. Anand emphasised collaboration in energy, food security, the digital economy, and artificial intelligence, noting that the IndoPacific will propel future global prosperity. If an agreement with Washington cannot be reached by July 21, Canada may impose counterduties. The FTA between ASEAN and Canada is viewed as a calculated step to increase access to emerging markets and insulate Canadian companies from protectionist shocks. Read More..

B2B Tech News | 5 months ago        

Trump Slaps 10% Tariff on BRICS, Cites Threat to Dollar Dominance

Donald Trump, the president of the United States, has declared an additional 10% tariff on all BRICS countries, including India, claiming that the gro

Donald Trump, the president of the United States, has declared an additional 10% tariff on all BRICS countries, including India, claiming that the group is undermining the dominance of the U.S. dollar. Trump said during a Cabinet meeting that BRICS was created to "hurt the U.S." and threatened to "soon pay" the fee. The decision comes after BRICS leaders demanded a rulesbased multilateral trading framework and criticised unilateral tariffs during their Rio Summit. Trump stressed that there would be no exceptions and that, absent new trade agreements, the tariffs would go into place on August 1, 2025. As BRICS increases its power and promotes dedollarization and solidarity among the Global South, the declaration exacerbates trade tensions worldwide. Read More..

B2B Tech News | 5 months ago        

Jio Delays $100B IPO to Deepen Digital Play and Outpace Starlink

Dependence Originally scheduled for 2025, Jio Platforms has delayed its muchanticipated initial public offering IPO in order to concentrate on increas

Dependence Originally scheduled for 2025, Jio Platforms has delayed its muchanticipated initial public offering IPO in order to concentrate on increasing revenue and subscriber growth. Jio wants to further develop its digital and telecom operations before going public, despite analysts valuations of the company being over $100 billion. Although its yearly revenue of $17.6 billion is mostly from telecom operations, it is fast diversifying into AI, apps, and connected products. Additionally, the delay enables Jio to fortify its position in advance of Elon Musks Starlink launch in India. The company has not yet hired any investment bankers, and longterm valuation is its top priority. Investor confidence is unaffected by the delay, as Jios partnerships—such as those with Google, Meta, and Nvidia—support its aspirations for a digital ecosystem. Read More..

B2B Tech News | 5 months ago        

Adani Power Completes ₹4,000 Cr VIPL Buyout, Boosts Capacity to 18,150 MW

On June 18, the National Company Law Tribunal NCLT approved Adani Powers ₹4,000 crore purchase of Vidarbha Industries Power Ltd VIPL, a 600 MW coalf

On June 18, the National Company Law Tribunal NCLT approved Adani Powers ₹4,000 crore purchase of Vidarbha Industries Power Ltd VIPL, a 600 MW coalfired plant in Butibori, Nagpur. After the deal was completed on July 7, Adani Power now has 18,150 MW of operational capacity. As per the Insolvency and Bankruptcy Code IBC, VIPL was going through insolvency. This action is in line with Adanis plan to revitalise troubled assets and further Indias "Electricity for All" objective. By 2030, the business hopes to have 30,670 MW of capacity from its numerous ultrasupercritical power plants being built throughout India, solidifying its position as the biggest private baseload power provider in the nation. Read More..

B2B Tech News | 5 months ago        

Modi, Lula Set $20B Trade Target, Ink Six Pacts to Deepen India–Brazil Ties

To increase bilateral trade to $20 billion over the next five years, Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva h

To increase bilateral trade to $20 billion over the next five years, Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva have set a goal. When Modi visited Brasilia as part of his state visit, the leaders talked about increasing collaboration in crucial minerals, energy, agriculture, military, and digital transformation. Six agreements were inked, including ones on digital public infrastructure, renewable energy, and counterterrorism. To broaden the IndiaMERCOSUR trade pact, Modi also looked to Brazil for assistance. A structure at the ministerial level to oversee investment and trade was agreed upon by all parties. Modi stressed strengthening ties through innovation, sustainable development, and peopletopeople contacts when receiving Brazils highest civilian honour, the Grand Collar of the National Order of the Southern Cross. Read More..

B2B Tech News | 5 months ago        

NVIDIA Becomes First Company to Hit $4 Trillion Market Cap Amid AI Boom

The soaring demand for NVIDIAs AI processors has caused the business to become the first in history to surpass a $4 trillion market valuation. Easing

The soaring demand for NVIDIAs AI processors has caused the business to become the first in history to surpass a $4 trillion market valuation. Easing trade tensions and excitement in AI infrastructure drove a 2.4% increase in shares to $164. Compared to Apple and Microsoft, the only other American companies worth more than $3 trillion, the companys value has tripled since June 2023. Currently, NVIDIA is the stock with the largest weight on the S&P 500, at 7.3%. Following market concerns caused by tariffs, it has recovered 74% from its April lows, demonstrating investor confidence in its domination of the AI chip market. This milestone reflects NVIDIAs pivotal role in the global AI boom and solidifies its position as Wall Streets mostfavoured stock. Read More..

B2B Tech News | 5 months ago        



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