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India’s October merchandise exports plunged 11.8% as US tariffs escalated to 50%, triggering a record $41.68 billion trade deficit despite a $5 billion relief package and QCO withdrawals. Even tariff-exempt smartphones and pharmaceuticals collapsed, reversing last year’s 197% smartphone surge. Gold imports skyrocketed to $14.72 billion, pushing total imports up 16.63%.
Nissan announced on Thursday that it is selling its Yokohama headquarters for 97 billion yen (USD 630 million) as part of its revival strategy. The automaker will lease back the building and continue using it as its headquarters, while recording 73.9 billion yen (USD 480 million) in gains from the sale to Tokyo-based real estate firm MJI Godo Kaisha.
Mukesh Ambani is leading Reliance Industries’ major shift toward artificial intelligence, with plans to invest around USD 15 billion to establish a strong presence in deep-tech. The move seeks to transform Reliance into a technology powerhouse valued at nearly USD 30 billion. The company is developing large-scale AI infrastructure, collaborating with global players like Meta and Google, and creati
