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M K Stalin on Wednesday proposed a Joint Action Committee comprising MPs and party representatives from southern states at an all party meeting on Lok Sabha seats delimitation here. Moving a resolution, Stalin said that in the event of increase in the number of seats in Parliament, 1971 Census should be the basis for it. Also, the 1971 Census should be basis for delimitation of LS seats for 30 years from 2026, he asserted. The all party meeting is expected to pass a resolution on the issue of delimitation. Principal opposition party AIADMK, the Congress and Left parties, actor-politician Vijay's TVK among others attended the meeting which was boycotted by the BJP, Tamil nationalist Naam Tamilar Katchi (NTK) and former union minister GK Vasan's Tamil Maanila Congress (Moopanar).

trade tensions, Swaminathan Aiyar, Consulting Editor at ET Now Swaminathan Aiyar has downplayed concerns over the direct impact of U.S. tariff plans on India. In an interaction with ET Now, Aiyar asserted that India is «hardly on the radar screen» when it comes to Washington’s trade actions, which are largely aimed at economic heavyweights like Russia, China, and Mexico. While Union Minister Piyush Goyal’s upcoming visit to the U.S. has sparked speculation over potential trade negotiations, Aiyar believes that the scope of such discussions remains limited.

Jim Walker, Chief Economist, Aletheia Capital, says if the US economy begins to slow and which is very likely, then the direction of travel is going to have to change and that really means that he is going to have to back off some of this aggression towards his partners and within his own country. Hopefully by the middle of this year, a lot more sensible decisions will be made and a lot more visibility about where we are going. The underlying fundamentals remain the same. Asia looks pretty good, India looks great, China is recovering, and the real problems lie in the advanced economies in America. Walker said to clients this week that this is the time to absolutely double down on the long in India, go much longer and although we worry about the valuations in the Indian stock market, my view is that economic growth is going to take off from here and those valuations will be quickly supported by corporate earnings. Walker, who had predicted the 2008 crisis, does not think the present situation is like 2008. It will be a pretty painful slowdown, but we can go to the other end of it without the kind of government and central bank action that took place in 2008, 2009.

Subscribe to enjoy similar stories. When Warren Buffett lambasted US President Donald Trump’s imposition of tariffs as “an act of war to some degree," he wasn’t wrong. Of course, there’s no conventional battle going on.

Donald Trump on Tuesday is expected to lay out for Congress and the American people his plans for the weeks and months ahead after a turbulent first few weeks in office, which have featured a dismantling of the federal government, tensions with America's allies and a trade war compounding economic uncertainty. His joint address to Congress is the latest marker in Trump's takeover of the nation's capital, where the Republican-led House and Senate have done little to restrain the president as he and his allies work to slash the size of the federal government and remake America's place in the world. With a tight grip on his party, Trump has been emboldened to take sweeping actions after overcoming impeachments in his first term and criminal prosecutions in between his two administrations. Trump's theme will be the «renewal of the American dream,» the White House said, and he was expected to lay out his achievements as well as appeal to Congress to provide more money to finance his aggressive immigration crackdown.

Subscribe to enjoy similar stories. On 4 March, the Sensex and Nifty declined due to the impact of new US tariffs on major trading partners such as China, Canada, and Mexico. These tariffs unsettled global markets and hurt investor confidence.

The actions, which could upend nearly $2.2 trillion in two-way annual trade, went live hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the US. China announced additional tariffs of 10-15% on certain US imports from March 10. It also slapped export and investment curbs on 25 US firms on grounds of national security. «Trying to exert extreme pressure on China is a miscalculation and a mistake,» a foreign ministry spokesperson said in Beijing, adding that China had never succumbed to bullying or coercion.

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It looks like the trade war Canada has been fearing for weeks has arrived.

Gensol Engineering plummeted 20% on Tuesday to hit the lower circuit, closing at Rs 413.95 on the BSE, after CARE Ratings downgraded the company’s long-term and short-term bank facilities due to delays in servicing its term loan obligations. CARE Ratings downgraded Gensol Engineering’s long-term bank facilities worth Rs 639.7 crore to CARE D from CARE BB+ with a stable outlook. The rating agency also lowered ratings on other long-term and short-term facilities worth Rs 76.3 crore to CARE D from CARE BB+ and CARE A4+.

Subscribe to enjoy similar stories. China hit back at the U.S. with a slate of retaliatory measures in response to the Trump administration’s latest tariff increase, escalating a trade war between the world’s two largest economies.

On 13 February, finance minister Nirmala Sitharaman introduced the much-awaited bill to replace the existing Income-Tax Act, 1961. Among the changes proposed in the Income-Tax Bill, 2025, a significant one that cannot be overlooked is the extensive power granted to tax authorities to carry out searches of tax evaders.

Subscribe to enjoy similar stories. On March 3, Indian stock indices closed slightly lower amid high market volatility. Mixed signals, including positive domestic data like improved GDP figures and increased GST collections, were overshadowed by global trade uncertainties and concerns over the Ukraine peace deal.

During a review meeting of the Housing and Urban Planning Department on Monday, Adityanath stressed that Ansal Group’s «fraudulent practices» against homebuyers would not be tolerated. He directed officials to take strict action against all responsible company officers. «To ensure justice for those affected, CM Adityanath directed that FIRs be filed in all districts where similar cases against the Ansal Group have surfaced, following the pattern observed in Lucknow,» the statement said.

Subscribe to enjoy similar stories. The Nifty 50, India’s benchmark index, ended the session on a flat note at 22,119 despite strong global cues. The index opened on a positive note at 22,194 and surged to an intraday high of 22,260 before swiftly erasing its gains.

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices sent to auditors of two IL&FS group entities—Deloitte Haskins & Sells LLP and SRBC & Co.

U.S. District Judge Eumi Lee in San Jose, California, on Friday said the plaintiffs in the class action had not shown Apple violated federal or state antitrust law. However, she ruled they could amend their complaint and refile it. The lawsuit alleged Apple violated antitrust law by coercing customers to use the company's iCloud service to back up core data and device setting files. Apple has denied any wrongdoing.

marine fuel firm Haltbakk Bunkers has halted its fueling of US warships after a heated and public exchange between Ukrainian president Volodymyr Zelensky, US president Donald Trump, and vice president JD Vance at the White House on Friday, as per a report.

Narendra Modi on Monday announced the Asiatic lion population estimation exercise in May and unveiled conservation plans for tigers, gharials and a critically endangered bird while pushing for using AI to combat forest fires and human-animal conflicts. He made a slew of announcements while chairing the seventh meeting of the National Board for Wildlife (NBWL), in his capacity as ex-officio chairperson, at Sasan in Gujarat's Junagadh district.

Supreme Court on Monday said its verdict on the DMRC-DAMEPL dispute of last year needs to be followed in letter and spirit or it will be bound to take coercive measures against the concerned officials of the private firm and Axis Bank. A bench of Justices Surya Kant and N Kotiswar Singh told Delhi Airport Metro Express Private Limited (DAMEPL) and Axis Bank, «What is the need to play hide and seek? When there is judgement, you need to comply with it in letter and spirit.» Senior advocate Abhishek Singhvi, appearing for the Axis Bank, said it was not party to the dispute for six years and now suddenly he is receiving a contempt notice for payment. The bank was only operating the escrow account in the dispute, he said.

In a troubling trend, many vehicle owners have reported receiving toll deduction messages from their FASTag wallets even when their cars were parked or they hadn’t passed through a toll plaza. Officials attribute these errors to toll operators mistakenly entering vehicle numbers, often due to the FASTag being unreadable or when tags are carried in wallets, TOI has reported. In response to these “false” deductions, the National Highways Authority of India (NHAI) has taken action, penalizing toll collectors in at least 250 cases. The highways authority's toll management entity, IHMCL, has begun imposing a hefty fine of Rs 1 lakh for each violation.