The much-anticipated Trump–Xi meeting ended with the US cutting tariffs on Chinese goods to 47% and easing duties on fentanyl — marking a brief thaw in trade tensions. In a diplomatic boost for New Delhi, India secured a six-month exemption from US sanctions to continue its operations at Iran’s Chabahar Port.

Asian markets traded mixed after Fed Chair Jerome Powell’s cautious remarks tempered hopes of further rate cuts, while Reliance Jio joined hands with Google to offer free Gemini Pro subscriptions worth ₹35,100 to young users.

On the corporate front, ITC beat profit estimates with a 2% rise in Q2 earnings, driven by steady FMCG and cigarettes performance. Cipla’s Umang Vohra clarified he isn’t retiring even as he exits the CEO role, Dabur India’s profit rose 6.5% but missed estimates

See Full Page