THE BIG PICTURE | PAGE 20 COMPANIES | PAGE 4 BlueStone: Crafting a jewellery biz from scratch DorabjiTataTrust meeting today amid legal scrutiny KOLKATA, MONDAY, JUNE 8, 2026 INTERNATIONAL | PAGE 11 Won'tunfreezeIranassets beforedealisdone:Trump FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM VOL 35 NO. 185, 34 PAGES, `12 (NORTH EAST STATES `12 & ANDAMAN `20) P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E READ TO LEAD FE BEST BANKS AWARDS Section301maygiveIndiaanedge:Goyal FE BUREAU Mumbai, June 7 NO PROBLEM WITH INVESTMENTS FROM CHINA SO LONG AS THEY ARE IN DESIRABLE SECTORS AND NOT FOR OPPORTUNISTIC TAKEOVERS SANKHADEEP BANERJEE PIYUSH GOYAL, COMMERCE & INDUSTRY MINISTER COMMERCE AND INDUSTRY MinisterPiyushGoyalonSundayturnedthenarrativeonthe UnitedStates’Section301tariffplansonitshead,sayingthat the proposed last-resort impost linked to imports of products made with forced labour is part of Washington’s efforts to create a comparative tariff advantage for India. InafiresidechatwithFinancial Express Editor Shyamal Majumdar at the Financial Express Best Banks Awards here,theministersaidUSTrade RepresentativeJamiesonGreer will visit India in the next two weeks for further discussions onthemuch-anticipatedIndiaUSinterimtradedeal.Earlier,he had indicated an agreement couldbereachedbyJuly.“Sothis (Section 301 investigations) is Union Commerce and Industry Minister Piyush Goyal (front row, fifth from left), The Indian Express Group Executive Director Anant Goenka (front row, sixth AMIT CHAKRAVARTY from left) and winners of the FE Best Banks Awards, in Mumbai on Sunday ■ WINNERS LIST ON PAGE 2 really a mechanism being created, given their (the US) constraintsthattheCongressisnot going to support any of their actions (on reciprocal tariffs)... theyare trying to create a competitiveedgeforIndia.SoIdon’t think (we need to) worry about Section 301,we’ll tackle it, it’s ourresponsibility,” he said. Under Section 301 of the CORPORATE INDIA OUGHT TO GET OUT OF ITS COMFORT ZONE AND LOOK FOR INVESTMENT OPPORTUNITIES USTradeAct,theUnitedStates Trade Representative (USTR) hasrecentlyproposeda12.5% tariff on imports from India, while threatening 10-12.5% tariffs on 59 other countries on similar grounds of alleged lackofprogressonprohibiting imports with forced-labour content. “The (Section 301) investigation is directed at a particularcountry,”Goyalsaid, without naming China. The ministersaid Indiawas keenly awaiting what kind of tariffs would ultimately be imposed under Section 301. “We will protect India’s interestsandI’mveryconfidentthat the (India-US trade) deal will come through. It’ll be a good deal,”he said. India and the US wrapped up another round of discussions on the interim trade deal in New Delhi last Thursday, seeking to bridge a gap in their respective positions, even as both sides said the talkswere in the last leg. Goyal, however, reiterated that “India stands for fair and equitable trade and anydeal it would sign with trading partners,would be“balanced,”and that the countrywon’t negotiate with deadlines set. Continued on Page 2 FLEXI CAP FUNDS MAUKE banaye MUMKIN Zindagi ke liye SIP Benefits of Flexi Cap Funds Freedom to move across large, mid, and small caps to capture opportunities Adjusts with market conditions Suitable for long-term investors SCAN TO LEARN MORE An Investor Education and Awareness Initiative SIP - Systematic Investment Plan | Visit https://www.hdfcfund.com/information/key-know-how to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website (www.sebi.gov.in/intermediaries.html). For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. Additionally, investors may also lodge complaints directly with the AMCs. If they are not satisfied with the resolutions given by AMCs, they may raise complaint through the SCORES portal on https://scores.sebi.gov.in. SCORES portal facilitates investors to lodge complaint online with SEBI and subsequently view its status. In case the investor is not satisfied with the resolution of the complaints raised directly with the AMCs or through the SCORES portal, they may file any complaint on the Smart ODR on https://smartodr.in/login. Character/s and/or illustrations featured in this content are generated using Artificial Intelligence, solely for conceptual and educational purposes. HDFC Mutual Fund: SEBI Registration Number: MF/044/00/6 For more information contact MFD/RIA | Learn about SIPs: hdfcfund.com/sip Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Kolkata
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