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Ten flights to and from Heathrow were cancelled on Thursday, on top of some 150 across the UK on Wednesday.
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Indian pharma stocks fell up to 3% after U.S. President Trump announced a 25% tariff on Indian imports over its trade with Russia. Concerns rose about potential inclusion of generic drugs in the tariff list. Analysts expect strategic shifts by exporters and a cautious, range-bound market reaction.
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Adrian Mowat suggests Indian markets can quickly absorb a 25% tariff impact, though it might weaken the rupee and limit the RBI's flexibility. He highlights the geopolitical motivations behind potential US penalties on India and China's oil imports from Russia. This situation could negatively affect foreign investment inflows into India due to a less favorable risk-reward scenario.
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News and Media
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