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Subscribe to enjoy similar stories. On 2 April, President Donald Trump didn’t just shock the world with his reciprocal tariffs announcement—he also upended 200 years of trade wisdom. Most of us take free trade and global supply chains as natural and necessary, but few realize these systems stem from the Law of Comparative Advantage, proposed by British political economist David Ricardo in 1817.

Subscribe to enjoy similar stories. Hindalco Industries Ltd’s investor day made one thing clear—the metals giant is going all in on scale and efficiency. With a $10 billion capex plan split between India and subsidiary Novelis Inc.

The agency announced that it is «updating the USCIS Policy Manual to clarify that it only recognizes two biological sexes.» «President Trump promised the American people a revolution of common sense, and that includes making sure that the policy of the U.S. government agrees with simple biological reality,» Homeland Security Assistant Secretary for Public Affairs Tricia McLaughlin said in a statement.

Bharti Airtel shares will be in focus on Thursday after the telecom operator expanded its core network collaboration with Nokia to accelerate 5G service delivery. Nokia already has a significant presence in Airtel’s core network, providing key technologies such as VoLTE (Voice over LTE) and HSS (Home Subscriber Server).

Donald Trump on Wednesday described Prime Minister Narendra Modi as a «great friend» while announcing a 26% tariff on Indian imports. However, he said, «You're a friend of mine, but you're not treating us right.» Trump claimed that the move was a «discounted reciprocal tariff» aimed at countering India's high duties on American goods. Also Read: India to face 'discounted' 26% tariff from US; Trump slaps 34% on China «India, very, very tough. Very, very tough. The Prime Minister just left. He's a great friend of mine, but I said, 'You're a friend of mine, but you're not treating us right.' They charge us 52 per cent. You have to understand, we charge them almost nothing, for years and years and decades,» Trump said, holding a chart listing countries and their tariff rates. He argued that the US had long tolerated unfavourable trade terms and had only started imposing tariffs on China after he took office seven years ago. «It was only seven years ago, when I came in, we started with China and we took in hundreds of billions of dollars from China in tariffs,» he said. The announcement comes just weeks after Modi’s visit to Washington, D.C., in February, less than a month after Trump began his second term in the White House. Trade tensions between the two countries have been a longstanding issue, with Trump previously calling India the «tariff king» and a «big abuser» in global trade.

tariffs on India. When reached out to Lutnick regarding a query on the tariffs imposed by US President Donald Trump, he avoided the question and walked away. Trump announced new import tariffs on Wednesday (local time), outlining the rates to be imposed on countries around the world. India will face a 26 percent tariff. Calling Prime Minister Narendra Modi a «great friend,» Trump said that India charges the US 52 per cent, and «we charge them almost nothing.» ALSO READ: Govt analysing impact of 26% Trump tariff on India; it's mixed bag, not setback: Official Trump's announcement came while he addressed the Make America Wealthy Again Event.

Trump's 26 per cent tariff on Indian goods would have a limited impact on key agricultural exports like seafood and rice when compared to higher duties imposed on regional competitors, Gulati said. «We should not look at the tariff increase in absolute terms, but see relative tariff increases with our competitors,» Gulati told PTI. The former chairman of the Commission for Agricultural Costs and Prices (CACP) noted that while India faces 26 per cent tariffs, China faces 34 per cent, creating an 8 per cent differential advantage for Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46 per cent, Bangladesh at 37 per cent, Thailand at 36 per cent, and Indonesia at 32 per cent, Gulati said.

RBI rate cut looming, retail investors often find themselves questioning the right time to enter the bond market. But according to Suresh Darak, Founder of Bondbazaar, the best time to invest is now—not later. In an interaction with ETMarkets, Darak emphasized that retail investors shouldn't attempt to time the market like traders. “Retail is not a trader,” he said, adding that unlike mutual funds or institutions that can actively navigate interest rate cycles, individual investors should focus on capital efficiency and steady income.

Maruti Suzuki shares will be in focus on Thursday after the country’s largest carmaker announced a price hike of up to Rs 62,000 across its vehicle range, effective April 8, 2025. Last month, the company had notified the exchanges that it will raise vehicle prices from April by up to 4% to offset rising input costs and operational expenses.

Subscribe to enjoy similar stories. MUMBAI : India’s insurtech startups are no longer content with the domestic market. Facing intensifying competition at home and comparatively smaller transaction sizes, these firms are aggressively expanding into West Asia, Southeast Asia, and Europe—regions where insurers are ramping up digital adoption and willing to pay more for advanced tech solutions.

global trade it pioneered and furthered over several decades. Trump says the levies will bring jobs back to the United States — but executives in the immediate aftermath were focused on possibly raising prices, reducing shipments to the world's largest economy, or just cutting back investment activity outright. «This is how you sabotage the world's economic engine while claiming to supercharge it,» said Nigel Green, CEO of global financial advisory deVere Group. «The reality is stark: these tariffs will push prices higher on thousands of everyday goods — from phones to food — and that will fuel inflation at a time when it is already uncomfortably persistent.» Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the U.S.

Piramal Finance raised more than ₹2,300 crore ($265 million) through an external commercial borrowing (ECB) facility. The loan was led by Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation (HSBC), Sumitomo Mitsui Banking Corporation, and First Abu Dhabi Bank. The floating-rate loan is priced just under 9%, around 15-20 bps lower than the prevailing domestic market rate. «The facility has a 3-year tenor and is fully hedged to mitigate forex and interest rate risks,» said a banker. «Landed cost of funds is more competitive compared to domestic borrowing rates, making it an attractive financing option for Piramal Finance.» Loan has a greenshoe option, allowing it to be upsized to $300 million.

Subscribe to enjoy similar stories. President Trump unveiled his new “liberation day" tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks—and we hope it doesn’t—the effort amounts to an attempt to remake the U.S.

Reserve Bank of India is expected to announce another policy rate cut next week, while a further improvement in liquidity conditions is also seen. HDFC Bank, Yes Bank and Bandhan Bank, as well as NBFC Bajaj Finance, have all reduced deposit rates this week. This would eventually lead to lower lending rates and improve transmission of policy rates, treasury officials said. RBI has purchased bonds worth ₹1.4 lakh crore since January to improve liquidity in the financial system. On Tuesday, it announced buyback of another ₹80,000 crore.

Home Depot has caused a storm online. Claims were made in a report that the home improvement giant will be soon charging for parking in its stores across the United States. The initiative was introduced to combat inflation. Media reports stated that the fees will be varying from location to location with parking costing $5 per day in Los Angeles to $2 cost for two hours in Florida. As the report started going viral, the customers were quick to express their frustration with the new policy change.

reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs. «Reciprocal tariffs in the range of 10 per cent are manageable but beyond that will have serious implications on Indian exporting community, particularly MSMEs. The duties will have a short-term impact on India's exports to the US as both the countries are negotiating a bilateral trade agreement,» Ralhan told PTI. The US tariffs will definitely impact demand for Indian goods in the US market, he said adding buyers are already holding orders as there is an uncertainty over import duties. Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery, may get impacted if the US goes ahead with imposing reciprocal tariffs on Indian products. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will amount to a 'Liberation Day' for the US.

global trade tensions and sparking uncertainty in markets worldwide. These tariffs, designed to counter what Trump calls unfair trade practices, are expected to reshape global commerce in a significant way.

cost of living varies significantly between India and the United States, and this difference is best understood through Purchasing Power Parity (PPP). According to financial expert and CA Nitin Kaushik, an annual salary of Rs 23 lakh in India is equivalent to Rs 79 lakh in the US when considering lifestyle expenses. This staggering gap underscores the impact of PPP on real income and affordability.

Elon Musk, who spent millions opposing her. The most expensive race of its kind drew national attention, owing to Elon Musk's significant investment in Brad Schimel's campaign, which ultimately failed to sway voters. The ostensibly nonpartisan race turned into the costliest state Supreme Court race in American history, serving as the first significant battleground state election of President Donald Trump's second term. Following Crawford's win in the first battleground state election of Donald Trump's second term, liberals will continue to hold a slim majority on the court. According to NBC News, Democratic-backed Dane County circuit judge Susan Crawford defeated former Republican attorney general Brad Schimel, a Waukesha County circuit judge, to win a 10-year term on the court. Donald Trump and Elon Musk, his multibillionaire advisor, suffer as a result.