India, July 30 -- Indian shares may open on a sluggish note Thursday after the United States slapped a 25 percent tariff on India, effective August 1, and threatened further penalty on Russian oil and BRICS.
Analysts said the move will hurt a spate of sectors - from makers of electronics and generic drugs to jewelry and auto component firms.
In another significant development, U.S. President Donald Trump announced a new oil partnership with Pakistan via Truth Social, saying both the nations would jointly develop reserves and hinting that Islamabad may one day supply oil to India.
In its first official response to Donald Trump's 25 percent tariff move, the Indian government said it is examining the implications and remains committed to a ...