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Trump's Tariffs Spark Calls to Boycott US Goods

Business Standard

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August 12, 2025

From McDonald's and Coca-Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against US tariffs.

- ADITYA KALRA

India, the world's most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers, many of whom remain infatuated with international labels seen as symbols of moving up in life.

India, for example, is the biggest market by users for Meta's WhatsApp and Domino's has more restaurants than any other brand in the country. Beverages like Pepsi and Coca-Cola often dominate store shelves, and people still queue up when a new Apple store opens or a Starbucks cafe doles out discounts.

Although there was no immediate indication of sales being hit, there's a growing chorus both on social media and offline to buy local and ditch American products after US President Donald Trump imposed a 50 percent tariff on goods from India, rattling exporters and damaging ties between New Delhi and Washington.

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Supreme Court’s AGR dues order only for Vi

Eyen as other telecom companies are also hopeful of getting a breather, the written order of the latest Supreme Court verdict, linked to adjusted gross revenue (AGR) dues, suggests that the scope has not been broadened beyond Vodafone Idea (Vi).

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Low steel prices put ₹9 trn expansion plan at risk: Steel secy

India's steel industry is facing stress as five-year low prices have forced around 150 small producers to shut down operations and 50 more to cut output by half, raising concerns over the sector's ability to invest 9 trillion required for funding its next phase of capacity expansion, said steel ministry Secretary Sandeep Poundrik on Tuesday.

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November 05, 2025

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Europe winter travel costs for Indians dip 40%

With Europe being a prominent destination for Indians during the long winter holidays, this year's travel costs are down by up to 40 per cent for the November-February period, according to travel firm Cox and Kings.

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Consolidated profit up 84%

The financial results for the September quarter showed a strong rise in net profit, boosted by a one-time gain.

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Industry wheels slow down, await workhorses from Bihar

More than 74 million voters are set to cast their vote in Bihar’s Assembly elections on November 6 and 11.

time to read

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Adani Enterprises to raise up to ₹25K cr via rights issue

Fundraise to push growth across airports, data centres, green energy, roads

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2 mins

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Yono 2.0 launch likely by Dec-end

State Bank of India is likely to launch its upgraded version of mobile banking app Yono 2.0 by the end of December. The new version will be capable of handling 200 million customers, said SBI Chairman C S Setty.

time to read

1 min

November 05, 2025

Business Standard

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ChrysCapital closes record $2.2 billion fundraise

ChrysCapital, India’s largest homegrown private equity firm, has closed its 10th fund — ChrysCapital X — at $2.2 billion, the biggest India-focused private equity fund ever raised.

time to read

2 mins

November 05, 2025

Business Standard

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Mehli Mistry sends out truce signals to Tata Trusts

Within days of filing a caveat with the Maharashtra Charity Commissioner that he should be heard before being ousted as a Tata Trusts trustee, Mehli Mistry has sent out truce signals.

time to read

3 mins

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Billionaire who became synonymous with India's rise on global stage

London-based billionaire Gopichand Parmanand Hinduja, one of the principal patriarchs of the Hinduja group and a central architect of its global expansion, has passed away following a prolonged illness. He was 85.

time to read

2 mins

November 05, 2025

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