Tesla stock trades at $345.75, down 1.1%, amid consolidation between $330-$360. European vehicle registrations plummeted 40% in July to 8,837 units, marking seven consecutive months of decline, while Chinese rival BYD surged 225% to 13,503 registrations. Tesla's aging Model 3/Y lineup lacks novelty against affordable competitors, with no major European launches this year. Technical indicators show neutral RSI at 48, with support at $329 and resistance near $370. Forward P/E of 189 maintains premium valuation despite automotive margin pressures. Institutional investors show reduced exposure through recent 13F filings. Future outlook depends on AI/robotics speculation versus core automotive performance, with bear case targeting $280-$300 support levels.(PC: Financial Times & Traders Union)

India plans to increase Russian oil imports by 10-20% in September despite US doubling tariffs on Indian exports to 50% over Moscow crude purchases. Indian refiners expect to buy an additional 150,000-300,000 barrels daily from August levels. Since Western sanctions following Russia's 2022 Ukraine invasion, India became a major Russian crude buyer, averaging 1.5-1.6 million barrels daily by mid-2024, meeting 40% of domestic needs. While US officials accuse India of "profiteering" from discounted oil, New Delhi defends purchases as necessary for energy security of 1.4 billion citizens. India maintains its cooperation with Russia helps stabilize global energy markets, prioritizing national interest over geopolitical considerations. (PC: Mint & Times Now)

India’s economy could reach USD 20.7 trillion (PPP) by 2030 and potentially become the world’s second-largest by 2038 with USD 34.2 trillion, according to EY’s August 2025 Economy Watch report. Despite global headwinds, including U.S. tariffs, India’s growth remains resilient due to strong savings, favorable demographics, and rising domestic demand. EY estimates the tariff impact on GDP at 0.9%, but growth drag can be limited to 0.1 percentage point with strategic countermeasures. Compared to aging economies like China, the U.S., Germany, and Japan, India’s youthful population and sustainable fiscal outlook position it for long-term expansion. The report affirms India’s trajectory toward its Viksit Bharat 2047 aspirations. (PC: MSN & The Financial Express)

Russia has strongly defended India’s oil trade following White House advisor Peter Navarro’s claim that New Delhi is funding Moscow’s war machine. The Russian Embassy in India dismissed the accusation, calling the oil trade a bilateral economic relationship. Navarro’s remarks, labeling it “Modi’s war” that sparked backlash, especially after Trump’s 50% tariff hike on Indian goods took effect. Critics in the U.S. accused Trump of unfairly targeting India while sparing China. Prime Minister Modi reaffirmed India’s commitment to domestic interests and promoted self-reliance. Despite tensions, Indian officials emphasized ongoing dialogue with Washington and confidence in India’s diversified export base to weather the economic impact of the tariffs. (PC: The Independent & Times Now)

India’s solar manufacturing capacity has surged 50-fold over the past decade, producing enough panels to generate 100 gigawatts of electricity. The government aims to position India as a global clean-energy hub. However, a 50% tariff imposed by the Trump administration now threatens exports to the U.S., India’s largest market. Compounding challenges, India remains heavily reliant on Chinese imports for solar cells and silicon wafers. To counter this, New Delhi is promoting energy self-sufficiency through incentives and mandates for local sourcing, especially for rooftop solar installations across 27 million households. Despite progress, China still dominates over 80% of global solar manufacturing, raising concerns about India’s competitiveness in the renewable energy race. (PC: Ember & LinkedIn)

Indian stock markets dropped sharply on Thursday after the US raised tariffs on Indian goods to 50%. The Sensex fell 600 points to close at 81,074, while the Nifty ended below 24,600. This was the steepest fall in 3 months. Export-focused sectors like textiles, gems, seafood, chemicals, and auto parts faced pressure. Foreign investors sold shares worth $2.66 billion in August. Experts said the fall may be short-term as domestic institutions continue to buy. They advised shifting to large companies linked to local consumption. Technical charts suggest more downside, though small recovery is also possible.

President Donald Trump’s new tariffs on Indian exports to the United States took effect on Wednesday, raising duties to 50%. The move, called a “penalty” for India’s Russian oil purchases, has hit key sectors. Gems and jewellery, textiles, auto parts, and seafood exports face major losses. Surat’s diamond industry and shrimp farmers are already reporting disruptions. Auto parts worth over $6 billion are also impacted. However, smartphones, pharmaceuticals, and renewable energy have been spared for now. India rejected the tariffs as unfair and said its oil imports are based on national energy security needs for 1.4 billion citizens. (PC: HT )

The US has imposed 50% tariffs on two-thirds of India’s exports, worth over $60 billion yearly, NDTV reported. President Donald Trump said the move was triggered by India’s purchases of Russian crude and defence supplies. The Global Trade Research Initiative (GTRI) warned that exports in textiles, gems, jewellery, leather, food, carpets, and handicrafts may collapse by up to 70%. Millions of jobs in hubs like Surat, Tiruppur, Agra, and Visakhapatnam are at risk as competitors like Vietnam, China, and Mexico gain ground. However, some sectors, including pharmaceuticals, electronics, and smartphones, remain exempt from the steep tariffs. (PC: NDTV)

Textile and apparel units in Tirupur, Noida, and Surat have stopped production after the US raised tariffs on Indian goods to 50 per cent. The move affects exports worth $47–48 billion, making Indian products less competitive than rivals from Vietnam, Bangladesh, and China. The Federation of Indian Export Organisations (FIEO) warned of disrupted supply chains and losses for seafood and other sectors. The Confederation of Indian Textile Industry (CITI) urged the government to provide immediate support, including fiscal aid, loan moratoriums, and easier credit for MSMEs. Jobs and the $100 billion export target by 2030 are at risk. (PC: X)

The Prime Minister’s Office will convene a high-level meeting on August 26 to address the impact of the U.S. doubling tariffs to 50% on Indian exports. Chaired by the Principal Secretary, the session will explore targeted support for vulnerable sectors like textiles, leather, engineering goods, and specialty chemicals. Exporters have requested collateral-free credit lines under the Emergency Credit Line Guarantee Scheme, but officials lean toward sector-specific aid. Micro and small firms are pushing for cluster-based working capital solutions. The move follows concerns that the tariff hike linked to India’s continued purchase of Russian oil that could severely strain margins, disrupt supply chains, and erode competitiveness.