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United States President Donald Trump Wednesday imposed reciprocal global tariffs on the trading partners that sent shock waves around the world and markets plunging.

non-reciprocal trading arrangement. Here, India has an early mover advantage that it needs to drive home at the earliest. India is among the few countries with which the Trump Administration has already announced and progressed talks on a trade deal. It’s probably the first country to which the USTR has sent delegation to negotiate and by all accounts, the conversation is now at advanced stage. From Trump’s perspective the modification authority clause — Section 4 of the tariff order under the International Emergency Economic Powers Act – provides him with an effective bargaining chip in a trade negotiation. It allows to him raise tariffs and deploy other remedies in case a trading partner were to deploy retaliatory measures. At the same time, it gives him the power to reduce tariffs or limit the scope of duties imposed if the country aligns itself to the US on economic and security matters. Israel, which too has got hit with 17 per cent tariffs despite being among the first to officially cut duties for the US, falls in this category and is likely to benefit from this clause. As for India, a trade deal will open the doors for Trump to make that exception, counting on the overall strategic convergence between both countries across a range of national security issues including critical and sensitive technologies. More importantly, it’s not also in US interests to allow tariffs to impact cooperation in other areas like defence, space and nuclear sectors.

Subscribe to enjoy similar stories. New Delhi: As the US has announced about 27% tariff on imports from India, petroleum products exports to the country are set to witness a major impact going ahead, said sector experts. A bulk of the petroleum exports to the US from India comprises of petrol or gasoline.

Subscribe to enjoy similar stories. • Gujarat Alkalies And Chemicals Ltd: Buy above ₹650 | Stop ₹628 | Target ₹695-715 • Suzlon Energy Ltd: Buy above ₹58 | Stop ₹55 | Target ₹65-68 • MRPL: Buy above ₹140 | Stop ₹133 | Target ₹148-153 NMDC Ltd: Buy at ₹70.20 | Target ₹76-78 | Stop loss ₹67 The stock has given a falling wedge pattern breakout with strong volumes (on daily chart). Additionally, the Relative Strength Index (RSI) is above the 60 level, suggesting that the momentum is likely to continue.

Subscribe to enjoy similar stories. Plans to upgrade India’s lone state-owned chip fabrication unit have picked up pace, with the Centre meeting 35 companies last month in a bid to evaluate their roles in a potential deal that is worth ₹4,000 crore.

Subscribe to enjoy similar stories. India's stock markets have remained volatile over the past five trading sessions, facing resistance at the 50-week moving average, with Nifty 50 trading within the 23,800–23,100 range. In the broader market, only 21% of NSE 500 stocks traded above their 200-day moving average (DMA), while 54% were above their 50-DMA.

Subscribe to enjoy similar stories. The government’s fresh equity-for-debt in Vodafone Idea is expected to provide the telecom operator with a ₹40,000 crore cash flow relief over the next three years and reduce the operator’s net debt by 18%, analysts said, adding that concerns over the company’s survival remain.

Investors have pulled money from so-calledESG funds in recent years, amid political backlash, high interest rates and other headwinds.

Subscribe to enjoy similar stories. India has emerged as the world’s fastest-growing major economy. Its macroeconomic fundamentals are sound, corporate balance sheets have strengthened and the health of its financial sector has improved.

tech! That is what I want to say every time someone asks me, «What about AI?» with the breathless anticipation of a boy who thinks this is the summer he finally gets to touch a boob. I'm far from a Luddite. It is precisely because I use new technology that I know mid when I see it. Academics are rarely good stand-ins for typical workers. But the mid-technology revolution is an exception. It has come for us first. Some of it has even come from us, genuinely exciting academic inventions and research science that could positively contribute to society. But what we've already seen in academia is that the use cases for artificial intelligence across every domain of work and life have started to get silly really fast. Most of us aren't using AI to save lives faster and better. We are using AI to make mediocre improvements, such as emailing more. Even the most enthusiastic papers about AI's power to augment white-collar work have struggled to come up with something more exciting than «A brief that once took two days to write will now take two hours!»

Subscribe to enjoy similar stories. By its own estimate, the Indian government expects the economy to close 2024-25 with an expansion of 6.4%. That would make India one of the fastest-growing economies, but it’s still some way from maximising its unique demographic moment.

The Huizhou 19-6 oilfield lies about 170 kilometres (100 miles) from Shenzhen in south China's Guangdong Province, Beijing's Xinhua news agency said. Test drilling has yielded a daily production of 413 barrels of crude oil and 68,000 cubic meters of natural gas, the CNOOC said. The state-owned oil giant's CEO, Zhou Xinhuai, hailed «successive breakthroughs in oil and gas exploration in the eastern waters of the South China Sea». CNOOC «has discovered 100-million-ton oilfields for two consecutive years, which creates a new growth pole for the continuous growth in offshore oil and gas production,» he added.

Subscribe to enjoy similar stories. Price hikes by automobile companies will kick in from 1 April, casting a shadow over India's already struggling passenger car market. Struggling with rising prices of key raw materials and nervous over uncertainty created by the US' new auto tariffs, carmakers have shifted focus from the mass market to the high-end segment to maintain profitability.

Luwangthem Mukesh. Luwangthem Mukesh went missing. The state government stated, “In respect of the missing case of Luwangthem Mukesh (20) Leimajam Leikai, Imphal West on 16.03.2025, it is to bring to the notice of public that the case was registered vide FIR No. 90(3)2025IPSu/s140(1)/142/3(5) BNS in Imphal PS. Manipur Police under the supervision of a senior level officer, along with Assam Rifles and other Security Forces have conducted joint operations for search and rescue of the missing person in the vicinity of suspected areas in the districts of Bishnupur, Churachandpur and Noney and other parts of the State utilizing advanced technical data analysis and intelligence gathering. The government added, “The State Government urges citizens to come forward with any relevant information that could assist in the safe return of the missing person. The State Government has also announced a reward of Rs 10,00,000 to any informant who provides credible information leading to safe return of the missing person”. Manipur police earlier stated in X, “On 17.03.2025 at about 11 am, a missing person report on 16.03.2025 of one Luwangthem Mukesh of Keishampat Leimajam Leikai, Imphal West was reported to OC Imphal Police Station. On receipt of the report, an inquiry has been initiated. All efforts are ongoing to trace the missing person by the police department and security forces by launching search operations in all suspected areas.”

Subscribe to enjoy similar stories. You’ve just wrapped up your yearly strategy—clear goals, a bold vision, and you're genuinely proud of the work. But now you’re under pressure to deliver a sharp, engaging, and powerful presentation for the leadership team.

British Steel has decided to shut both blast furnaces and steelmaking operations in Scunthorpe, which poses a risk to eliminate up to 2,700 positions within the workforce. The Chinese ownership group Jingye has determined that the furnace closures are essential because they face financial challenges and increasing environmental expenses. British Steel received strong opposition from worker unions, who believe this action will trigger devastating effects on the steel industry together with damaging jobs.

Subscribe to enjoy similar stories. New Delhi: The Indian Pharmacopoeia Commission (IPC), a body under the health ministry, has named five lifesaving drugs as having shown serious side effects. The drugs are Metronidazole, an antibiotic; Luliconazole, an antifungal; Dalteparin, used for cancer treatment; diabetics drug Gliclazide and Tramadol, a painkiller.

Subscribe to enjoy similar stories. New Delhi: Gross refining margins (GRM) of oil marketing companies (OMC) in India are likely to continue to narrow in the ongoing fourth quarter of fiscal year 2025 (FY25) with declining discounts on Russian oil and shrinking crack spreads. The benchmark Singapore GRMs in the January-March quarter as of February-end stood at $2.7 per barrel, compared with $4 per barrel in the fourth of the previous fiscal, showed data from Icra Ltd.

Sonia Gandhi stated in the Rajya Sabha on Wednesday that the Pradhan Mantri Matru Vandana Yojana is “severely underfunded” and is not being disbursed to the entitled pregnant women. She demanded that the funds be increased and disbursed more efficiently to the intended beneficiaries. Raising the matter during Zero Hour, Gandhi said, “The non-fulfilment of maternity entitlements under the National Food Security Act, 2013, and the Pradhan Mantri Matru Vandana Yojana is a pressing concern. The National Food Security Act was passed by Parliament in September 2013 under the leadership of Dr.

Released today (26 March), following Chancellor Rachel Reeves' Spring Statement in the House of Commons, the OBR's analysis outlined a combination of higher debt interest payments and weaker-than-anticipated receipts that have wiped out Reeves' previous £9.9bn fiscal headroom, resulting in a deficit of £4.1bn before accounting for new policies.  However, the net £3.2bn savings generated from cuts to welfare budgets, which the OBR said will impact three million families in the UK, coupled with the boost from planning reforms and reduction in day-to-day spending, are expected to offset thi...