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Shares in companies such as Japan's Toyota and Honda and South Korea's Hyundai Motor and Kia Corp fell, wiping off some $16.5 billion in value, after Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks to take effect on April 3. On the streets of Tokyo and Seoul, and in «motor city» Gwangju, people were concerned the levies would have a far-reaching impact, speaking to the singular role the car industry has played in the post-war economic rise of the two U.S. allies. While car production helped transform Germany, Italy and France after World War Two, its influence in Asia has been even more profound. Automakers form the nucleus of vast networks of group companies that impact almost every facet of working life in the two countries. In Japan, where the industry accounts for roughly 3% of gross domestic product, it is the automakers — particularly Toyota — that set the precedent for national wage increases through annual talks between unions and management.

«A top priority of my chairmanship will be to work with my fellow Commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach,» Atkins, who was an SEC commissioner from 2002 to 2008, said in written remarks on Wednesday. Atkins is set to testify at a Senate confirmation hearing on Thursday at a time of major change at the agency and across the federal workforce. A well-known Washington lawyer with extensive business ties, Atkins will face questions from Democrats about potential conflicts of interest and his support for deregulation. He appears unlikely to face serious obstacles to confirmation, however, according to analysts. Earlier on Tuesday, U.S. videogame retailer GameStop said it would include bitcoin as a treasury reserve asset to diversify its corporate holdings, betting on the world's biggest cryptocurrency to help turnaround its struggling primary business.

Subscribe to enjoy similar stories. Bengaluru-based life sciences commercialisation firm Indegene sees significant headroom for growth in the US, its largest market, despite uncertainties around the new Trump regime’s stance on regulatory and pricing issues. Top global pharma companies are doubling down on the use of technology and AI to make processes more agile, which plays to Indegene’s strengths, CEO and co-founder Manish Gupta told Mint in an interview.

While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation. Corpay Technologies: A catalyst for change in Nagpur’s tech landscape A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map. Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology. Corpay has cemented its position as an industry leader across three core business verticals:

Hindustan Aeronautics Limited (HAL) is gearing up to ramp up production of the Tejas Mark-1A, India's indigenously developed fighter jet, after years of delays worsened by issues with engine supplies from the United States, according to a TOI report on Thursday. The first of the 99 engine shipments arrived on March 26, 2025, after General Electric's (GE) aerospace division overcame significant challenges, including reactivating the F404 production line, which had been dormant for five years. This marks a major milestone, but HAL still faces numerous challenges in meeting the ambitious delivery timelines for the fighter aircraft, which is crucial for India’s military preparedness. In response to the ongoing delays, HAL has intensified its efforts to scale up production, with three production lines in operation, said the TOI report. The company’s facilities in Bengaluru and Nashik are expected to play a crucial role in increasing production capacity. According to the report, HAL is confident that it can scale up to a rate of 20 Tejas per year, with plans to further boost production to 24 units annually.

Reserve Bank of India (RBI) is expected to announce another rate cut in April, and its impact on bank fixed deposit (FD) rates remains a key question. Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, in a interview to ToI said he believes that while the previous 25-basis-point cut has not yet led to lower deposit rates, a total reduction of 50-75 basis points could start influencing term deposit pricing. He expects significant movement in the banking sector over the next 6-12 months. Deposits remain a critical focus for banks, with last year witnessing a competitive battle for attracting funds. Vaswani acknowledges that securing deposits is not just about volume but also pricing. To sustain growth, Kotak Mahindra Bank is leaning on product innovation, customer-centric offerings, and its digital platform, 811. However, liquidity constraints persist, making it too soon to determine whether conditions will improve. The bank continues to monitor macroeconomic trends closely. Also Read: Billionaire Uday Kotak’s private bank adds thousands of clients

Muhlenberg College learned in January 2024 — as pro-Palestinian protests were sweeping campuses across the United States — that it was under investigation for discriminating against Jewish students, the small liberal arts institution in Pennsylvania took action. The college fired a tenured professor who had been accused of targeting Jewish students, and the U.S. Education Department, satisfied with Muhlenberg's response to complaints of antisemitism on campus, ended its investigation. So Muhlenberg's inclusion on a list of 60 universities and colleges under investigation by the Education Department for antisemitism was «not anticipated,» Todd Lineburger, a spokesperson for Muhlenberg, said. «To our knowledge, Muhlenberg is not on the DOE list of institutions with open investigations,» Lineburger said. «We have received no further information from the Department of Education and continue our robust efforts to remain fully compliant with all laws and regulations.» The March 10 letter to 60 institutions, signed by the Education Department's acting civil rights chief Craig Trainor, focused on antisemitic activity following the October 7, 2023 Hamas attacks on Israel. It warned that Donald Trump's administration would not tolerate antisemitic acts — and institutions that did risked losing federal government funding.

Ghibli-style artwork from detailed prompts. Studio Ghibli, founded in 1985 by Hayao Miyazaki, Isao Takahata, and Toshio Suzuki, is a well-known Japanese animation studio. It is recognised for its hand-drawn animation, detailed backgrounds, and emotionally engaging storytelling. Individuals across the world are sharing Ghibli renditions of famous movie moments, memes, and even artistic interpretations of breaking news. Some of the posts are going viral.

SK Hynix, the world's second-largest memory chipmaker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs on semiconductors. Speaking at the company's annual shareholder meeting, SK Hynix's Head of Global Sales and Marketing, Lee Sang-rak, said the «pull-in» effects, along with the reduction in customers' inventory, led to favourable market conditions recently. But he added it remains to be seen whether the trend will continue.

«Your first needs are food and shelter. And then, we're a little bit down the list of expenditures,» said David Neeleman, CEO of low-cost carrier Breeze Airways, in an interview. «If you don't have a job, you're not going to go buy an airline ticket.» With demand slowing, airlines have started culling flights to avoid lowering fares and to protect margins. Frontier, Delta, United, American Airlines, JetBlue and Allegiant all trimmed their April-June quarter capacity in the past two weeks. United CEO Scott Kirby has warned of a large drop in industry-wide capacity by the second half of August if demand does not rebound. To be sure, bookings for premium and long-haul travel are holding up. United reported an 8% year-on-year jump in spring international bookings. Some of the demand slowdown is also due to recent safety incidents. Amanda Demanda Law Group data shows airplane safety concerns reached an all-time high in February, with Google searches for «Are planes safe now?» up 900%. Airlines expect the hit from safety incidents to fade soon. But they are less sure about economic pressures.

Hurun Global Rich List 2025, ranking the world’s US-dollar billionaires. The latest list highlights major shifts in wealth, with some of the world’s richest individuals experiencing extraordinary financial gains, while others faced setbacks due to market volatility, competition, and political involvement. Mukesh Ambani has fallen out of the world’s top 10 wealthiest list after his fortune shrank by ₹1 lakh crore over the past year, according to the Hurun Global Rich List 2025. The decline was attributed to rising debt levels. Despite the losses, Ambani remains Asia’s richest person. Also Read: Mukesh Ambani drops out of world's top 10 wealthiest list At 53, Elon Musk reclaimed the title of the world’s wealthiest person for the fourth time in five years. He became the first individual to surpass the $400 billion mark, with his net worth surging by $189 billion (82%). Analysts attribute this surge largely to the ‘Trump effect’ on Tesla’s stock price, which saw a significant boost following Donald Trump’s strong political comeback. Also Read: Elon Musk reigns again as world's richest; 'Trump Effect' in action?

Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India's EV, Tesla is finally entering India, opening a showroom in Mumbai to sell its imported cars and has plans to set up a manufacturing plant in Maharashtra. However, Tesla has lost years dilly-dallying on its India entry and meanwhile Indian EV makers have grown enough to make things difficult for it. Many think the company may not after all be able to disrupt the Indian market in any significant way nor reap any huge dividends. Tesla may face another big challenge in India. Its global rival BYD (Build Your Dreams), which sells cars imported from China in India, could be planning to manufacture in the country. According to unconfirmed media reports, the Chinese EV giant is planning to set up a factory in Telangana. BYD, together with Indian EV makers such as Mahindra and Tata; the JV between India's JSW and China's MG Motor; and Korean and Japanese automakers CAN make it difficult for Tesla to benefit from the Indian market in any substantial way.

According to a stock exchange notice today (27 March), Price's assistant portfolio manager, Ying Lu, will take over as portfolio manager of Fidelity Japan from 1 October 2025. Fidelity's Mike Riddell: US growth is 'not going to be 3% forever' and the case for sovereign debt Meanwhile, Price will continue to work alongside Lu until the end of the year. The two have been working closely in the last three years, with the board stating that, as a result «we do not expect any change in the approach to the investment management of the company». Price joined Fidelity's Tokyo office i...

Adani Group stocks have been on a strong upward run, adding nearly Rs 40,000 crore in market capitalization over the past 15 days. Except for Adani Enterprises, all group stocks ended higher on Thursday, coinciding with a significant boost for the company as Chairman Gautam Adani emerged as the top Indian wealth gainer in the Hurun World Rich List. Adani, whose wealth surged by around Rs 1 lakh crore, still lagged Mukesh Ambani, who claimed the title of Asia's wealthiest. However, Ambani dropped out of the world's top 10 wealthiest list, following a hit to his fortunes due to the poor performance of RIL. Gautam Adani's fortune grew by 13% in 2024, enabling him to rank among the top three in India.

On Wednesday, the BSE Bankex index closed 1% lower, having rallied 7.7% in the previous seven sessions. Meanwhile, the BSE Information Technology index also dropped by over 1% in the last session, following a 4.7% surge between March 17 and 25.

«This is pulling back investment and it is likely to have slightly inflationary impacts in the US in particular, which means slightly more elevated interest rates and this is going to impact Asia-Pacific through tighter monetary policy,» says Vishrut Rana, S&P Global Ratings. Let me first up ask you about the tariffs, the impact that this is going to have globally. We have been getting a lot of commentary. At one point in time you think that Trump is going to go all out, all aggressive. This morning you got comments where he said April 2nd is when he will put the reciprocal tariffs, but they will be lenient. How should one read into all of these developments and react to that? Vishrut Rana: Indeed in these highly uncertain times a lot to watch out for. So, the impact of tariffs on the global economy is going to be significant. We think that it is already having an impact in terms of delaying investment plans for firms across the region until there is more clarity in terms of where the trade tensions are going to materialise.

Donald Trump had a hilarious exchange with a reporter wearing a mask. While speaking to the press in the Oval Office, President Trump drew attention to a journalist wearing a mask. The reporter asked Trump a question about California, to which he responded: «You know, I haven't seen a mask in so long, you're wearing a mask!» He sarcastically added, «That's so nice of you. I haven't seen anybody wearing a mask in a long time, it's good. You feel more comfortable right, good, that's good.» The exchange came as Trump signed a new executive order imposing 25 per cent tariffs on imports of automobiles and certain auto parts. Trump indicated this was to end unfair trade practices and protect the United States’ national security.

Xi Jinping is making China’s presence more felt across the Indo-Pacific region by testing US allies on sensitive issues, as Donald Trump’s attention is taken up elsewhere. From sending warships off Australia’s coast for unprecedented shooting drills to flying a record number of “grey zone” balloons around Taiwan, and putting pressure on Thailand over human rights issues, Beijing is ramping up efforts to project power in the region. China also issued a strongly worded warning on Taiwan to Tokyo — which doesn’t officially recognize Taipei — against “colluding” with separatists. Trump’s sudden embrace of Russia, skepticism of NATO allies and tariffs that punish friendly nations have fueled concerns about the US as a reliable security partner in Asia, where Washington has for decades provided a buffer to Beijing.

Brands are returning to X at a time when Musk's influence has grown in the Trump administration, with the Tesla CEO's key role in the US Department of Government Efficiency. In 2025, X's US ad revenue is expected to grow 17.5% to $1.31 billion, while global ad sales are estimated to rise 16.5% to $2.26 billion, according to Emarketer.

Prithviraj Sukumaran and starring Mohanlal, was released on March 27. The film had generated intense speculation regarding the identity of its main antagonist, whose face remained hidden in promotional materials. With the film now in theaters, it has been confirmed that Korean-American actor Rick Yune plays the role.