Indian equity markets witnessed a sharp decline on Thursday as both the Sensex and Nifty fell by nearly 1%, tracking global market weakness triggered by the latest round of US tariff announcements. The Sensex plunged over 650 points intraday before closing lower by 580 points,…
Tag: FinanceNews
Trump’s Reciprocal Tariff Announcement Triggers a Global Stock Market Sell-Off
Trump’s ‘Tariff Bomb’ Shakes Global Stock Markets: Impact on India Donald Trump’s Tariff Bomb Effect on Stock Markets: U.S. President Donald Trump has announced reciprocal tariffs on India and several other countries, leading to a major sell-off in Asian markets. Trump has imposed a 26%…
Retail Credit Growth Slows as New Customer Loans Drop 21%: CIBIL
India’s retail credit growth experienced a notable slowdown in the quarter ending December 2024, with a significant 21% year-on-year (YoY) decline in loan originations among new-to-credit (NTC) consumers—those accessing credit for the first time. This trend is particularly evident in consumption-led credit products, such as…