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Subscribe to enjoy similar stories. Ahead of implementing reciprocal tariffs on major trading partners, US President Donald Trump announced another trade offensive: countries buying Venezuelan oil and gas would have to pay a 25% tariff on goods exported into the US. India is one of the buyers of Venezuelan oil but its purchases are tiny compared to those of the US and China.

Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a «golden» opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the «uncertainties relating to trade and tariff, our exports are bound to grow in future years,» he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). US President Donald Trump has imposed reciprocal tariffs or import duties on countries like China and has pledged to impose these levies on India also on April 2. Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharma will hurt shipments to America, which is the largest trading partner of India.

Indian rupee closed marginally higher on Wednesday following a choppy trading session, influenced by maturity of positions in the non-deliverable forwards market, exporter activity, and mild dollar sales from foreign banks. The rupee ended at 85.7050 against the U.S. dollar, slightly higher from its previous close at 85.7550. The local currency hovered between 85.89 and 85.6850 through the session.

Elon Musk's U.S. DOGE Service team of technologists once provided support to a cybercrime gang that bragged about trafficking in stolen data and cyberstalking an FBI agent, according to digital records reviewed by Reuters. Edward Coristine is among the most visible members of the DOGE effort that has been given sweeping access to official networks as it attempts to radically downsize the US government. Past reporting had focused on his youth — he is 19 — and his chosen nickname of «bigballs,» which became a pop culture punchline. Musk turned championed the teen on his social media site X, telling his followers last month that «Big Balls is awesome.»

maritime security deal in the Black Sea. Diplomats told Reuters that most of the curbs listed by the Kremlin related to European Union sanctions and restrictions. What was agreed — and what still needs to happen for the deal to enter force? WHAT DOES RUSSIA SAY IT WILL GET? * The lifting of restrictions on state agricultural bank Rosselkhozbank «and other financial organizations involved in ensuring international trade in food (including fish products) and fertilisers, their connection to SWIFT, and the opening of necessary correspondent accounts».

Reliance Industries Ltd. has paused further purchases of Venezuelan crude after US President Donald Trump authorized a 25% tariff on countries buying the South American country’s oil. India’s largest privately owned refiner is expected to take delivery of a cargo of Merey crude that’s currently en route from Venezuela, but additional buying has been put on hold, according to people familiar with the situation, who asked not to be identified because the matter is sensitive. Reliance secured waivers from the US last year to resume importing crude from Venezuela, and Kpler estimates the refiner has taken 6.5 million barrels since the start of the year. Trump’s executive order on Monday, however, will target any nation taking Venezuelan oil with “secondary” tariffs, with effect from April 2.

Jeffrey Goldberg said on March that he was accidentally added to a group chat with top members of the Trump Administration, as they discussed plans to attack the Houthis of Yemen earlier this month. Goldberg, the editor-in-chief of The Atlantic magazine, detailed the events in an article for the publication (“The Trump Administration Accidentally Texted Me Its War Plans”). The group chat on the encrypted messaging platform Signal included US Vice President JD Vance, Defence Secretary Pete Hegseth, National Security Adviser Michael Waltz and Secretary of State Marco Rubio.

Subscribe to enjoy similar stories. India’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Instead, they seem to be looking forward to it with a certain confidence, even optimism.

Nifty, traded lower on Wednesday, halting a seven-day rally, as investors took a breather and awaited clarity on impending U.S. tariffs. Barring auto stocks, all sectoral indices were in the red. The BSE Sensex was down 551 points, or 0.71%, at 77,465.56, while the Nifty50 declined 131 points, or 0.55%, to 23,537 around 1:42 pm. In the last seven sessions, Sensex gained 4,189 points, while the Nifty added 1,271 points.

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%.

Subscribe to enjoy similar stories. President Trump’s trade war is forcing America’s closest allies to choose between fighting back, or acquiescing. The trouble is, nobody has figured out which is the best way to get Trump to do what they want.

Subscribe to enjoy similar stories. Despite the growing wave of nationalistic cinema in India, overseas audiences remain largely unmoved by its fervour. While films like Chhaava, Sky Force, and The Kashmir Files have struck a chord domestically, their overseas performance tells a different story.

Subscribe to enjoy similar stories. In a recent talk at the Institute for Social and Economic Change, economist Sanjay Reddy noted a startling fact about India’s growth process. According to the International Monetary Fund, in 2024, India ranked 142nd out of approximately 190 countries, with a nominal per capita GDP of around $2,700.

BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday. BYD, which sold 417,204 units abroad in 2024, expects to see «a substantial rise» in its market share in Britain, which is «very open» to competitive Chinese products, according to a transcript of the call Wang Chuanfu reviewed by Reuters. They also see «great opportunities» to grow rapidly in Latin American and South East Asian countries, where the governments and people are friendly with Chinese brands, he said.

Subscribe to enjoy similar stories. It’s time to hedge America. Even though President Donald Trump has declared that April 2 will be America’s Liberation Day, stock investors may reach a different conclusion.

Subscribe to enjoy similar stories. The basic job of a mutual fund is to take investors’ dollars and turn them into more dollars. The funds that have proved most successful have key things in common—they are large, low cost, and diversified—finds a Morningstar study.

gold April futures contracts at MCX on Wednesday opened flat with a negative bias, down by Rs 20 or 0.02% at Rs 87,534/10 grams, while the silver May futures opened higher by Rs 220 or 0.22% at Rs 99,373/kg. On Tuesday, gold and silver settled on a positive note in the domestic and international markets. Gold April futures contract settled at Rs 87,554 per 10 grams with a gain of 0.32%, and silver May futures contract settled at Rs 99,153 per kilogram with a gain of 1.70%.

However, foreign fund inflows supported the rupee at lower levels.

Columbia University over its handling of student protests against Israel's war in Gaza, much of the financial pain fell on researchers a train ride away from the school's campus, working on things like curing cancer and studying COVID-19's impact on children. The urgency of salvaging ongoing research projects at the university's labs and world-renowned medical center was one factor in Columbia's decision last week to bow to the Republican administration's unprecedented demands for changes in university policy as a condition of getting funding restored. The Ivy League university announced Friday that it would overhaul its student disciplinary process, ban protesters from wearing masks, bar demonstrations from academic buildings, adopt a new definition of antisemitism and put its Middle Eastern studies program under the supervision of a vice provost who would have a say over curriculum and hiring. The university's decision to accede to nearly all of the Trump administration's demands outraged some faculty members, who say Columbia has sacrificed academic freedom. The American Association of University Professors and the American Federation of Teachers, representing members of Columbia's faculty, filed a lawsuit Tuesday saying the funding revocation violated free speech laws. Scientific and medical researchers are appalled that their work was drawn into the debate to begin with.

The Asian financial center’s roadmap — an updated version was published last month — could serve as a blueprint for the US Securities and Exchange Commission, currently consulting the public to develop a “workable regulatory framework” for digital coins.

JSW Steel has become the world’s most valuable steelmaker after the Sajjan Jindal-led company crossed a market capitalisation of over $30 billion on Tuesday. The strong stock market performance of JSW Steel reflects a broader rally among Indian steelmakers after a government body recently recommended measures to protect the domestic industry from a surge in cheap steel imports.