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Trump rants against India over tariffs again, says 'US was foolish'
short by Ashley Paul / on 03 Sep 2025,Wednesday
US President Donald Trump ranted against India over its tariffs once again, saying for many years, India and US had a "one-sided relationship". "We get along with India very well...India was charging us tremendous tariffs...Foolishly, we weren't charging them," Trump said. Citing India's 200% tariffs on US' Harley-Davidson, he said India was doing "the same thing as us".
short by Ashley Paul / 08:37 am on 03 Sep
Santosh Bangar quit his job as a chef in Dubai's Ramada Hotel and began oyster mushroom farming on just 1000 sq ft at Manchar in Maharashtra. He grows mushrooms throughout the year using low-cost innovations like drip on gunny bags and fogging, even in peak summer. Santosh harvests 900 to 1,000 kg of mushrooms monthly, earning ₹1.5 lakh turnover.
short by / 10:17 am on 03 Sep
Alphabet stock surged after a US court ruled Google won't have to spin off Chrome or Android, preserving its $20B Apple search pact. Wedbush called it a "monster win," while Oppenheimer raised its target to $270. Retail sentiment on Stocktwits turned extremely bullish, with message volume spiking 3,000% as traders eyed fresh record highs.
short by / 08:56 am on 03 Sep
Tesla became South Korea's top foreign car brand in August, with registrations tripling to 7,974 units, led by the Model Y and Model 3, KAIDA data showed. While BMW and Mercedes still dominate overall, Tesla is winning younger buyers with subsidies and brand appeal. Imports rose 22.6% to 27,304 vehicles, signalling accelerating EV adoption.
short by / 09:13 am on 03 Sep
Indian pharma stocks are in focus as the country prepares to expand exports to Russia, Brazil, and the Netherlands, reducing reliance on the US, which takes 35% of its drug shipments. While Indian pharma exports surged 20% to $10.5 billion in FY25, reports of possible US tariffs of up to 200% on medicines are raising investor concerns.
short by / 10:29 am on 03 Sep
Dow futures edged lower while Nasdaq 100 and S&P 500 futures ticked higher after Alphabet's antitrust victory boosted tech sentiment. Strategists warned September could bring profit-taking as markets hover near records. Investors now await US JOLTS data, Fed's Beige Book, and key earnings from Salesforce, Dollar Tree, and Campbell Soup to gauge economic direction.
short by / 09:20 am on 03 Sep
Makhana’s leap to a ₹5,000+ crore global industry shows the potential of Indian superfoods. Sun19 Farms’ Himansshu M Raghav believes millets, moringa, jackfruit, amla, sattu, kokum, and jaggery-based snacks could follow. With better packaging, storytelling, and trust, India can transform these traditional staples into global wellness brands, just as it did with makhana.
short by / 10:27 am on 03 Sep
Chinese firms that supplied raw materials for over a billion doses of weight-loss drugs in the US are now pivoting to generics, Reuters reported. With the FDA restricting compounded copies of Novo Nordisk's Wegovy and Eli Lilly's Zepbound, companies like Sinopep and Hybio are targeting markets such as Canada and Brazil, where key patents expire in 2026.
short by / 10:49 am on 03 Sep
Lucid stock tumbled over 10% after a 1-for-10 reverse split, with sentiment dampened by reduced production targets and wider losses. Deliveries lagged forecasts despite a 38% rise, while Q2 loss swelled to $855 million. Partnerships with Uber and Nuro, plus a Lucid Advantage Credit to offset expiring EV tax breaks, offered support but failed to lift shares.
short by / 08:58 am on 03 Sep
Kraft Heinz (KHC) stock slumped nearly 7% after unveiling plans to split into two public firms, but analysts say the break-up may limit downside. Morgan Stanley upgraded KHC to Equal Weight with a $29 target, while Mizuho said the split "strengthens the floor". Retail sentiment turned extremely bullish, with message volume surging 8,500%.
short by / 08:51 am on 03 Sep
Markets may open flat on Wednesday with eyes on the GST Council's two-day meet on rate rationalisation. Stocks on watch include TCS, which bagged a 550 million euro Tryg deal, JSW Cement posting a wider loss on one-off charges, Adani Power gaining mine clearance, MOIL's record output, and E2E's ₹177 crore GPU order. IPO and earnings updates may add volatility.
short by / 09:09 am on 03 Sep
The SEC and CFTC issued a joint statement pledging swift review of exchange filings for spot crypto products, a move seen as boosting U.S. digital asset innovation. The development follows Trump's executive order making America a "crypto hub" and new legislation in Congress. While crypto prices rallied in 2025, Bitcoin sentiment on Stocktwits remained bearish.
short by / 09:00 am on 03 Sep
MannKind (MNKD) shares surged after HC Wainwright hiked its price target to $11 from $9, citing strong phase three Tyvaso trial results by partner United Therapeutics (UTHR). The drug improved lung function in idiopathic pulmonary fibrosis (IPF) patients, meeting its main goal. UTHR will meet the FDA this year on adding IPF to Tyvaso's label. Retail sentiment is extremely bullish.
short by / 08:48 am on 03 Sep
The Nifty 50 ended around 24,600, forming a bearish candle after profit booking capped gains. Analysts flagged 24,400-24,500 as make-or-break support, while resistance lies at 24,700-24,800. A close above 24,750 could trigger short covering toward 25,000, but a sustained break below 24,400 risks deeper declines. Elevated volatility keeps traders cautious with a buy-on-dips bias above 24,500.
short by / 09:02 am on 03 Sep
Polish paving company Drogbruk was 'review bombed' online after its millionaire CEO Piotr Szczerek was seen snatching tennis star Kamil Majchrzak's cap that he was giving to a kid. Drogbruk saw its ratings dip to 1.1 stars on Trustpilot. Users called Piotr, who apologised for the incident, a "thief". On Google too, Drogbruk received just 1.2 stars from 592 reviews.
short by Ashley Paul / 10:22 am on 03 Sep
Zomato hikes platform fee by 20% after Swiggy
short by Medhaa Gupta / on 02 Sep 2025,Tuesday
Food delivery platform Zomato has hiked its platform fee by 20% to ₹12 per order amid the festive season. Notably, the company had last hiked its platform fee in October 2024 to ₹10 from ₹6. Swiggy had also increased its platform fee to around ₹14 last month in select locations due to increased demand.
short by Medhaa Gupta / 11:00 pm on 02 Sep
US expert Edward Price said he was wrong to think President Donald Trump has "poor understanding of economics" as he realised Trump has none after he tariffed India. US' conflicts with China and Russia make sense but there's "absolutely no reason" for clashing with India, Price said. Trump either doesn't understand national interest or is working against it, he added.
short by Ashley Paul / 10:34 am on 03 Sep
India, China working to normalise ties is positive news: Germany
short by Bhawana Chaudhary / on 02 Sep 2025,Tuesday
German Foreign Minister Johann David Wadephul, who's visiting India, said that India and China taking steps to normalise their relations is a "positive news". "We continue to see China as a partner, competitor and systemic rival. We seek to continue cooperation where it's in our interest," he said. Wadephul added India-EU FTA is an important element for Germany.
short by Bhawana Chaudhary / 10:32 pm on 02 Sep
Commerce and Industry Minister Piyush Goyal has asserted that India has "resilient" supply chains, adding, "[India] isn't at the mercy of any other country choosing to switch on or switch off the tap." He said that he hopes that India and US will conclude a bilateral trade agreement by "November or so". Notably, US had imposed 50% tariff on India.
short by Medhaa Gupta / 10:39 pm on 02 Sep
Laurent Freixe, Nestlé CEO who was fired over an undisclosed affair with a direct subordinate, will not receive an exit package, the company told Reuters. Concerns about the affair were raised on the KitKat maker's 'Speak Up' channel, however, Freixe initially denied the affair to the board, as per a company spokesperson. Freixe worked at Nestlé for nearly 40 years.
short by Medhaa Gupta / 10:55 pm on 02 Sep
Donald Trump has defended his decision to issue 600,000 visas to Chinese students, citing economic benefits and improved ties with Beijing. The move has angered some Republican allies, who fear espionage and lost opportunities for American students. The reversal contrasts with earlier hardline policies, reflecting the delicate balance between national security, diplomacy, and economic interests.
short by / 06:59 am on 03 Sep
Billionaire Harsh Goenka joked about various countries' products that Indians boycott. "As a patriot, I'm utterly confused. Earlier, I boycotted China (no noodles, no Chinese Ganesha idol), then stopped having Turkish baklava, next it was Maldives (I cancelled my holiday), then I went to temple erected for Trump," he said. "I've...stopped...drinking coke...I've moved to Russian vodka," he added.
short by Ashley Paul / 09:02 am on 03 Sep
Maharashtra's 701-km Samruddhi Expressway will become a renewable energy corridor, generating up to 200MW via solar panels and wind turbines installed along its route. Power produced will support expressway infrastructure needs, leveraging vacant land and natural conditions. The project, executed under a BOOT PPP scheme, will serve as a model for integrating clean energy with transportation.
short by / 06:47 am on 03 Sep
Anthropic raises $13 billion, valued at $183 billion post-money
short by Ishita Ranganath / on 02 Sep 2025,Tuesday
Anthropic, an Artificial Intelligence (AI) company announced that it has completed Series F fundraising of $13 billion at a $183 billion post-money valuation led by investment firm ICONIQ. The company's revenue run rate, which stood at nearly $1 billion in the beginning of 2025, has hiked to over $5 billion by August. Major investors include Altimeter, Qatar Investment Authority, etc.
short by Ishita Ranganath / 10:19 pm on 02 Sep
Gurugram-based TBO Tek to buy US's Classic Vacations for $125 mn
short by Shristi Acharya / on 03 Sep 2025,Wednesday
Gurugram-based travel market services provider TBO Tek will acquire US-based Classic Vacations from investment firm The Najafi Companies for $125 million. "Our expansion into serving the premium outbound travel market aligns strategically with Classic Vacation’s exclusive B2B brand and elite, high-value advisor network," TBO said. The acquisition will be completed by the first week of October.
short by Shristi Acharya / 10:42 am on 03 Sep
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