As India remains one of the few countries that taxes foreign portfolio investors on the gains made in the country’s equities, some market participants said reduction in these taxes could make Indian equities more lucrative for these investors.
Dr Reddy’s, Sun Pharma and other pharma stocks fall up to 3% as Trump threatens 25% tariff on India
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