{"id":256554,"date":"2025-09-26T16:54:10","date_gmt":"2025-09-26T16:54:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/256554\/"},"modified":"2025-09-26T16:54:10","modified_gmt":"2025-09-26T16:54:10","slug":"top-stories-markets-see-worst-weekly-drop-in-6-months-trump-targets-branded-drug-tariffs-hul-signals-flat-q2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/256554\/","title":{"rendered":"Top Stories | Markets see worst weekly drop in 6 months, Trump targets branded drug tariffs, HUL signals flat Q2"},"content":{"rendered":"<p>\n          Top 10@10 \u2014 CNBC-TV18\u2019s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights \u2014 delivered at 10 pm.\n        <\/p>\n<p>\n          Dalal Street wrapped up its worst week in six months, with the Sensex and Nifty dropping 3%, and the Nifty IT index taking a sharper 8% hit. Over in the US, former President Trump fired another trade shot, this time slapping a 100% tariff on branded drugs not made in America. Indian generics were mostly spared. Meanwhile, Commerce Minister Piyush Goyal returned from the US after what he called \u201cconstructive meetings\u201d on trade.\n        <\/p>\n<p>\n          In a big legal win, the Supreme Court cleared the way for JSW Steel to retain Bhushan Steel. Back home, HUL, the country\u2019s biggest FMCG player, hinted at flat growth for Q2.\n        <\/p>\n<p>\n          On the global front, Trump gave the green light to TikTok\u2019s U.S. transfer, though ByteDance hasn\u2019t said much. At the UN, Israeli PM Netanyahu\u2019s speech sparked a walkout as Gaza\u2019s humanitarian toll climbs.\n        <\/p>\n<p>\n          Back in defence, HAL\u2019s order book soared to \u20b92.7 lakh crore thanks to a new engine deal, and the Indian Air Force officially bid goodbye to the iconic MiG-21.\n        <\/p>\n<p>\n          Stocks post worst weekly drop in nearly six months led by IT, pharma\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQFRjyokBQsnIg\/article-inline_image-shrink_1500_2232\/B56ZmGvlM8I8AU-\/0\/1758902245785?e=2147483647&amp;v=beta&amp;t=lRFaULnMa2IZl-XNzDE6yOwHcbe8Z9hlr9aX25SpMJQ\"\/><\/p>\n<p>\n          Watch here: <a href=\"https:\/\/www.youtube.com\/watch?v=OmJtZmM_tYg&amp;trk=article-ssr-frontend-pulse_little-text-block\" target=\"_blank\" data-tracking-control-name=\"article-ssr-frontend-pulse_little-text-block\" data-tracking-will-navigate=\"\" data-test-link=\"\" rel=\"nofollow noopener\">https:\/\/www.youtube.com\/watch?v=OmJtZmM_tYg<\/a>\n        <\/p>\n<p>\n          The stock market ended a turbulent week with steep losses, posting their worst weekly fall in nearly six months as IT and pharmaceutical stocks led a broad-based selloff. The S&amp;P BSE Sensex fell 733 points, or 0.9%, to close at 80,426 on Friday, while the NSE Nifty 50 index dropped 236 points, or 0.95%, to 24,655. The Nifty Bank index fell 587 points to 54,389, while the broader Nifty Midcap 100 index slipped 1,177 points to 56,379, reflecting weakness across most sectors.\n        <\/p>\n<p>\n          Donald Trump announces 100% tariff on branded drugs unless US plants underway\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQGUb_7-EmXesg\/article-inline_image-shrink_1000_1488\/B56ZmGv8ZBG0AQ-\/0\/1758902340455?e=2147483647&amp;v=beta&amp;t=_6-5tH0W-5aoeAPiN0wvhJWlZBm14f8AO9Vbrya5Nio\"\/><\/p>\n<p>\n          Watch here: <a href=\"https:\/\/www.youtube.com\/watch?v=QraMOQwAMes&amp;trk=article-ssr-frontend-pulse_little-text-block\" target=\"_blank\" data-tracking-control-name=\"article-ssr-frontend-pulse_little-text-block\" data-tracking-will-navigate=\"\" data-test-link=\"\" rel=\"nofollow noopener\">https:\/\/www.youtube.com\/watch?v=QraMOQwAMes<\/a>\n        <\/p>\n<p>\n          President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America. Trump\u2019s announcement was one of several about new industry-focused tariffs set to begin next Wednesday. Taken together, the moves amount to a rapid expansion of Trump\u2019s tariff regime, which he started to erect shortly after taking office.\n        <\/p>\n<p>\n          India, US push trade talks amid tariff disputes and oil standoff\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQH67cYqqNKorQ\/article-inline_image-shrink_400_744\/B56ZmGwdDYKMAY-\/0\/1758902473455?e=2147483647&amp;v=beta&amp;t=3FZnfqm1aJ_zQkd34HkPp3SX-V6EZomN9MG1HTEYhxQ\"\/><\/p>\n<p>\n          Watch here: <a href=\"https:\/\/www.youtube.com\/watch?v=gKZG57vnalw&amp;trk=article-ssr-frontend-pulse_little-text-block\" target=\"_blank\" data-tracking-control-name=\"article-ssr-frontend-pulse_little-text-block\" data-tracking-will-navigate=\"\" data-test-link=\"\" rel=\"nofollow noopener\">https:\/\/www.youtube.com\/watch?v=gKZG57vnalw<\/a>\n        <\/p>\n<p>\n          India and the United States have resumed high-stakes trade negotiations, but progress remains tied to Washington\u2019s tariff rollback and New Delhi\u2019s defiance on Russian oil imports. During commerce minister Piyush Goyal\u2019s visit to New York (Sept 22\u201324), both sides discussed the \u201cpossible contours\u201d of a trade deal and agreed to continue engagements for an early conclusion, according to an official statement. Goyal met US Trade Representative Jamieson Greer and ambassador-designate Sergio Gor, alongside senior commerce officials.\n        <\/p>\n<p>\n          HUL sees near-flat Q2 growth as GST rate cuts disrupt September sales\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQH22_F1DiMC-Q\/article-inline_image-shrink_400_744\/B56ZmGwtUdJsAY-\/0\/1758902540484?e=2147483647&amp;v=beta&amp;t=31YjLpQSKL6cA1HrgQOa2WJtL2rOBQ8NAT3ZquIZ0aY\"\/><\/p>\n<p>\n          <a href=\"https:\/\/www.linkedin.com\/redir\/redirect?url=https%3A%2F%2Fwww%2Ecnbctv18%2Ecom%2Fmarket%2Fstocks%2Fhindustan-unilever-share-price%2FHU%2F&amp;urlhash=zhWe&amp;trk=article-ssr-frontend-pulse_little-text-block\" target=\"_blank\" data-tracking-control-name=\"article-ssr-frontend-pulse_little-text-block\" data-tracking-will-navigate=\"\" data-test-link=\"\" rel=\"nofollow noopener\">Hindustan Unilever Ltd<\/a> (HUL) on Friday issued Q2 FY26 business update highlighting both the opportunities and near-term challenges stemming from the latest GST reforms. With effect from September 22, about 40% of its portfolio \u2014 spanning soaps, toothpaste, shampoos, hair oils, talcum powder, lifestyle nutrition and other foods \u2014 now attracts a lower GST rate of 5%, compared with the earlier slabs of 12% or 18%.\n        <\/p>\n<p>\n          Hyderabad Metro Phase 1 project: State govt to acquire L&amp;T\u2019s stake for \u20b92,000 cr\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQE6uthBnRacDQ\/article-inline_image-shrink_1500_2232\/B56ZmGw4CkKMAU-\/0\/1758902587253?e=2147483647&amp;v=beta&amp;t=JZOfsse1pMG6MC8WqTxwoOOPoTDBJr211p37MnAcAR8\"\/><\/p>\n<p>\n          The Telangana government has agreed to take over Phase I of the Hyderabad Metro Rail project from the L&amp;T Group by paying \u20b92,000 crore for the equity in the concessionaire, L&amp;T Metro Rail Hyderabad Ltd (LTMRHL).\n        <\/p>\n<p>\n          SC overturns own judgment, clears JSW Steel resolution plan for BPSL\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQGVlyxynyicvQ\/article-inline_image-shrink_400_744\/B56ZmGxNspI0AY-\/0\/1758902673377?e=2147483647&amp;v=beta&amp;t=mtw6fk4TCh5djluhe7qMhybnVcqckieoS5-u0oxVZKg\"\/><\/p>\n<p>\n          Watch here: <a href=\"https:\/\/www.youtube.com\/watch?v=6xgP3Sjm77g&amp;trk=article-ssr-frontend-pulse_little-text-block\" target=\"_blank\" data-tracking-control-name=\"article-ssr-frontend-pulse_little-text-block\" data-tracking-will-navigate=\"\" data-test-link=\"\" rel=\"nofollow noopener\">https:\/\/www.youtube.com\/watch?v=6xgP3Sjm77g<\/a>\n        <\/p>\n<p>\n          The Supreme Court on Friday (September 26) overturned its own judgment and upheld JSW Steel\u2019s \u20b919,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL). The apex court rejected a plea by the committee of creditors (CoC) seeking an additional \u20b96,100 crore, citing BPSL\u2019s EBITDA during the insolvency period. The court ruled that such claims have no basis under the Insolvency and Bankruptcy Code (IBC).\n        <\/p>\n<p>\n          HAL order book swells to \u20b92.7 lakh crore with 97 Tejas jets deal\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQGvhDtdAn4UEw\/article-inline_image-shrink_1500_2232\/B56ZmGxcRTHQAY-\/0\/1758902733070?e=2147483647&amp;v=beta&amp;t=LANKkR7HyJhvTp3hUo4-iIaDghf8fWJ_ueM5vAoHTFw\"\/><\/p>\n<p>\n          The Defence Ministry&#8217;s order for 97 Tejas fighter jets will take Hindustan Aeronautics Ltd.&#8217;s (HAL) order book to \u20b92.7 lakh crore by FY27. HAL&#8217;s CMD, DK Sunil, told CNBC-TV18 that the company has completed price negotiations with GE for an additional 113 engines, with the final contract expected to be signed in October.\n        <\/p>\n<p>\n          MiG-21 | India bids farewell to fighter jets after six decades of service \u2014 WATCH\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQGOX0TiVVpYgg\/article-inline_image-shrink_1500_2232\/B56ZmGxmWWKEAU-\/0\/1758902774481?e=2147483647&amp;v=beta&amp;t=m23WszCXbp-9kZfeXWYSDi0l-y9QXW82NAngf9mn5mQ\"\/><\/p>\n<p>\n          The Indian Air Force (IAF) bid farewell to its longest-serving combat aircraft, the Soviet-origin MiG-21, at a ceremonial event in Chandigarh on Friday, September 26, marking the end of a historic chapter in India&#8217;s military aviation.\n        <\/p>\n<p>\n          Donald Trump signs TikTok order with US app valued at $14 billion\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQFXtlB2nYPdoQ\/article-inline_image-shrink_400_744\/B56ZmGx09mHQAY-\/0\/1758902834482?e=2147483647&amp;v=beta&amp;t=QXgctFkEBE3RFfWpVFCz6KtypbFUCx_rR_9ksmBCW3c\"\/><\/p>\n<p>\n          US President Donald Trump advanced plans for American investors to buy TikTok\u2019s US operations from its Chinese owner ByteDance Ltd., with officials setting a potential value of $14 billion and outlining measures to ensure security of the new venture.\n        <\/p>\n<p>\n          Govt confident of meeting FY26 fiscal deficit, growth targets: DEA Secy Anuradha Thakur\n        <\/p>\n<p>        <img alt=\"Article content\" class=\"lazy-load block w-full\" data-delayed-url=\"https:\/\/media.licdn.com\/dms\/image\/v2\/D5612AQEmlamBSs16AA\/article-inline_image-shrink_1500_2232\/B56ZmGyJOSKEAY-\/0\/1758902917576?e=2147483647&amp;v=beta&amp;t=HWTNF1ancDnXmYTI0bnb26Bjh_9KV3WqNJAPNv-N2U8\"\/><\/p>\n<p>\n          Department of Economic Affairs (DEA) Secretary Anuradha Thakur on Thursday reaffirmed the government\u2019s commitment to its fiscal and growth objectives, stressing that market concerns are being addressed through stable policies and transparent communication.\n        <\/p>\n<p>\n          Follow the CNBC-TV18 channel on WhatsApp\n        <\/p>\n<p>\n          Catch crispy news updates on the go! &#8211; CNBCTV18 Minis\n        <\/p>\n<p>\n          Watch all #videos under one segment- CNBCTV18 Binge\n        <\/p>\n<p>\n          We bring you real-time updates and analysis of the stock market &#8211; Real-time market updates\n        <\/p>\n<p>\n          We&#8217;ll see you on Monday with another engaging &#8216;Top 10@10.&#8217;\n        <\/p>\n","protected":false},"excerpt":{"rendered":"Top 10@10 \u2014 CNBC-TV18\u2019s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and&hellip;\n","protected":false},"author":3,"featured_media":256555,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,67,132,68],"class_list":{"0":"post-256554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115271648296416472","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/256554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=256554"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/256554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/256555"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=256554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=256554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=256554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}