Trade advisor Navarro's recent disparaging commentary toward Delhi: 'India won't fare well'
Peter Navarro, the White House trade advisor, issued a statement on Monday, expressing his opinion on the ongoing trade negotiations between the US and India. Navarro stated that India needs to agree on trade negotiations with the US, implying that cooperation is crucial for a favorable outcome.
Navarro's statement was made in the form of a warning, suggesting that if India does not agree, the outcome will not be favorable for Delhi. He also indicated that he believes India will eventually agree to trade negotiations with the US, but warned of potential negative consequences if it does not.
Meanwhile, in the business world, Infosys has announced a first-ever share repurchase since 2017. The exact date of the announcement has yet to be disclosed. Stocks to watch today include Infosys, Vedanta, SpiceJet, Tata Communications, RailTel, and others. Analysts have recommended a buy on certain capital market stocks, but the specific stock and share price target are not mentioned.
In other news, a Navratna PSU railway company has won Rs 713 orders crore from the Bihar government. This significant win is a testament to the company's capabilities and the growing demand for its services.
Elsewhere in the world, French PM Francois Bayrou has lost a confidence vote, plunging the eurozone's second-largest economy deeper into political crisis. This development could have far-reaching implications for the global economy.
In the Indian stock market, there are 38 stocks with dividend, stock split, or bonus issue, and the record date for these is today. Companies often engage in share buybacks, and this practice is explained for investors to understand its implications.
Lastly, the latest Business News on ET Now includes updates on various stocks, share market news, and IPO companies news. The channel also explains the differences between the JEE Main and JEE Advanced engineering entrances in terms of difficulty level.
While Peter Navarro's statement was made in the context of trade relations between the US and India, it is unclear how US tariffs are related to the other facts in this paragraph. The statement referenced relates to US tariff actions announced on July 11, 2025, and executive orders on July 31, 2025, concerning tariffs on EU goods set to take effect starting August 1 and August 7, 2025. However, further details regarding this matter are not available at this time.
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