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Despite challenging global markets, several major Indian companies are pushing ahead with IPO plans. Oyo's parent, Prism, received regulatory approval for a Rs 6,650 crore offering. Coca-Cola is also exploring a $1 billion listing for its Indian bottling arm, Hindustan Coca-Cola Holdings, in 2027. Other notable firms like Zepto and Manipal Hospitals are also preparing to go public. View More

U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump. View More

Rio de Janeiro, Brazil, with Sugarloaf Mountain and Botafogo Beach in the background.Jeremy Walker | Stone | Getty Images The Office of the United States Trade Representative has proposed 25% tariffs on Brazilian goods under Section 301, determining that the South American nation had engaged in practices that "are unreasonable and burden or restrict U.S. commerce."Some of these practices also include anti-corruption enforcement, intellectual property protection, ethanol market access, and illegal deforestation, according to the release from the U.S. Trade Representative. U.S Trade Representative Jamieson Greer said that the investigation under Section 301 was launched at the direction of U.S. President Donald Trump. While Trump has had "several constructive meetings" with Brazilian counterpart Luiz Inácio Lula da Silva, the two sides continue to have substantial differences in resolving the issues identified in this investigation, Greer said. The USTR will hold a hearing about the proposed action on July 6. Section 301 is designed to address unfair foreign practices affecting U.S. commerce, and allows the U.S. president to impose tariffs if an investigation finds that the acts are unreasonable or discriminatory. Back in July 2025, Brazil was hit with 50% tariff by Trump, partly in retaliation for the ongoing prosecution of the country's former President Jair Bolsonaro.However, those duties were struck down by the U.S. Supreme Court in February, leaving Washington able to only impose a 10% global tariff on exports to the U.S. Separately, the White House announced an adjustment to tariffs on certain steel, aluminum and copper imports. Levies on agricultural equipment, like combines and harvesters will be dropped to 15% from 25%, and the scope of equipment qualifying for the 15% tariff will also be expanded. Capital equipment that include at least 85% of U.S. steel and aluminum by weight will also qualify for a 10% duty rate, down from the current 95%. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

The changes lower tariffs on some agricultural equipment imports from 25% to 15% and apply a 15% tariff to specified industrial equipment imported from countries covered by trade agreements View More

Production in Chhattisgarh rose significantly, while Karnataka witnessed a marginal decline in output and a sharp drop in sales View More

Commerce Minister Goyal and UK counterpart set to discuss India’s concerns on steel quotas, CBAM Hurdles on June 2 View More

India and the UK are set to discuss contentious steel safeguard measures and the proposed Carbon Border Adjustment Mechanism (CBAM) this week, posing significant hurdles to their free trade agreement. New Delhi is concerned about reduced steel import quotas and potential carbon taxes impacting exports, hinting at possible retaliatory measures. View More

Q4 Results Highlights Today Updates: Stay tuned to businessline for the latest live updates on Q4 earnings. View More

The Indian stock market closed sharply lower on June 1, with the Nifty 50 and Sensex both down 0.74%. Selling pressure from foreign investors and weak global cues impacted FMCG, financial, and auto stocks, while Nifty IT gained 2.62% amid broader market declines. View More

NMDC Steel shares surged 18% to ?52.60, hitting a 24-month high after reporting a strong financial turnaround for Q4FY26, with a net profit of ?391.9 crore and revenue growth of 36.7%. For FY26, net profit was ?58.7 crore, reversing previous losses. View More

Chinese steel exports to India surged in April, reaching a two-year peak. This influx of cheaper steel, including hot-rolled coils and stainless steel, worries domestic producers. Some imports are reportedly routed through Vietnam. India has become a net importer of steel, contrasting with previous periods. Rising demand from infrastructure and automotive sectors fuels this trend. View More

New Delhi: China's finished steel exports to India more than doubled in April to the highest in at least two years, sparking worries among the latter's steelmakers that despite the imposition of import tariffs they will be swamped by cheaply priced products. Provisional Indian government data reviewed by Reuters showed China shipped in around 232,000 metric tons of finished steel in April and emerged as the top exporter ‌of such ⁠steel to ⁠the South Asian nation. Also Read: India's small steelmakers face production cuts amid LNG shortages due to Iran war That is despite India, the world's second-biggest crude steel producer, imposing import tariffs in December on ​some grades for a period of three years that had managed to slow imports from China. Imports of finished steel products into India from China were primarily hot-rolled coils , followed by stainless steel products, the data showed. Live Events While hot-rolled coils fall under import tariffs, stainless steel products are exempt. The influx of low-priced stainless steel from China is a challenge for the ⁠domestic industry, Tarun ‌Khulbe, chief executive at Jindal Stainless , told Reuters. He added that some of the imports were being routed through countries such as Vietnam, a part of ⁠ASEAN with which India has a free trade agreement. Vietnam was among ​the top five exporters of finished steel to India in April ​with shipments rising more than four times to 59,000 tons, the data showed. "Such imports are distorting fair market practices, impacting investments into the industry and affecting long-term manufacturing competitiveness in India," Khulbe said. Buyers are lured by Chinese steel that is cheaper anywhere between $11 and $37 per ton of hot-rolled steel compared with local prices, an executive at a large private steel firm said. Some ‌of the hot-rolled coils that have come into India were distressed cargo that could not reach the Middle East because of the Iran war, a ​senior executive at ​another large steel firm said. Imports ⁠from China are further projected to rise in May, according to commodities consultancy BigMint. India turned a net importer in April, in a sharp contrast with previous months when shipments had slowed ​due to the tariffs. Also Read: Steel makers not to hike prices, demand protection In the year 2025/26, China's steel exports to India fell 39.4% to 1.5 million tons from a year earlier and India was a net exporter. Demand for steel in India has been rising from infrastructure and automotive sectors as one of the world's fastest-growing major economies expands, contributing to higher imports, executives said. Finished steel consumption reached 13 million tons in April, up 8.2% on-year. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)