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Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on nearly all US trade partners on Wednesday, including a 26% tariff on India. Meanwhile, the government offered another lifeline to debt-ridden Vodafone Idea by converting some of the company's dues into equity.

Indian rupee appreciated past the 85/$1 mark to touch a four-month high of 84.96, before closing at 85.23 on Friday, 20 paise stronger from its previous close of 85.43. The unit weakened in the latter half of the day due to corporate hedging demand and a slight uptick in the dollar index. The Reserve Bank of India (RBI) likely absorbed dollars as the rupee appreciated past the 85/$1 mark, traders said.

tariff war between the US and China led to a sharp downturn. The Nifty Metal index plunged 6.6%-its worst day since the announcement of general election results in June 2024.

Subscribe to enjoy similar stories. New Delhi: In the immediate aftermath of the new US tariffs, India’s response has been twofold: to seek new opportunities in the changing world order, and re-evaluate its manufacturing strategy.

Honda will partner with US companies to test in orbit a renewable energy technology it hopes to one day deploy on the Moon's surface, the Japanese carmaker announced Friday. The auto giant is developing a mechanism capable of generating electricity and oxygen continuously — enabling astronauts to breathe — thanks to solar energy and water known to be present in some lunar soils. Now it plans to test this technology aboard the International Space Station, it said in a release, without giving a date. Honda already employs the system in its electric vehicles, and now wants to extend it to space to «to support life in space and on Earth.» «During the Lunar Day, the system will use electricity generated by the sun to power the process. Honda's high-differential pressure water electrolysis system will then produce hydrogen and oxygen from water,» it explained.

University of Ottawa, said that patients incurring catastrophic costs are two to four times more likely to experience treatment failure. Therefore, mitigating treatment costs will not only benefit individuals, but also health systems and communities at large, they said. Tuberculosis is a bacterial disease that spreads through the air when an infected person coughs or sneezes. Symptoms include a persistent cough, chest pain, fever, fatigue, among others. Findings, published in the journal PLOS Global Public Health, also showed that costs were consistently higher among patients having drug resistant tuberculosis and those identified through 'passive case finding'. The researchers suggested that actively finding cases, along with improving access to tests for drug resistant tuberculosis, may help mitigate the burden of out-of-pocket expenditures incurred by patients.

Donald Trump antagonised world leaders across the globe with his most extensive set of tariffs yet, he was scheduled to fly to Florida and potentially see the one leader he has called his «favourite president». That leader, President Javier Milei of Argentina, had flown overnight to receive an award Thursday at a right-wing gala at Mar-a-Lago. Trump was scheduled to also be there late Thursday — Milei said Trump would receive an award, too — and Milei said he hoped the two would meet. It was Milei's 10th trip to the US in 15 months as president, and nearly every time, he has met Trump or Elon Musk. Trump has posited that he is reshuffling US foreign policy strictly around what is good for the United States. So what can be puzzling about his elevation of Argentina to the front row of America's allies — Milei and Italian Prime Minister Giorgia Meloni were the only world leaders onstage at Trump's inauguration — is that the chronically distressed South American nation is not particularly important as an economic or geopolitical partner. Instead, through Milei, Argentina has offered Trump something else he appears to crave: adoration. «I love him because he loves Trump,» Trump said of Milei in a speech last year. «Anybody that loves me, I like them.»

Rugby Premier League (RPL), a franchise-based league introduced by Rugby India in collaboration with GMR Sports. GMR Sports holds the commercial rights to the RPL.

Japanese Grand Prix on Sunday is only the third Formula 1 race of the season, and several plots are developing that promise a few twists. But the fresh storylines could be as fleeting as the cherry blossoms seen all over Japan at this time of the year. There's McLaren, which has been the early force after winning the first two races. Are Lando Norris and Oscar Piastri about to run away with the season just as Red Bull and Max Verstappen have in winning the last four drivers' titles? How about seven-time champion Lewis Hamilton, who moved this season from Mercedes and is looking for his first victory for Ferrari. He won the sprint two weekends ago in Shanghai. In Sunday's main race in China, he and teammate Charles Leclerc were disqualified for technical infringements. And back to the cherry blossoms in Japan — the season typically lasts for only about two weeks, from the initial blooms to its splendorous peak. A sellout crowd of about 115,000 on Sunday at Suzuka — the Honda-operated track in central Japan — will be following every lap of Japanese driver Yuki Tsunoda. Tsunoda was promoted to Red Bull last week from Racing Bulls, its feeder team. A Japanese driver has never won an F1 race.

Subscribe to enjoy similar stories. NEW DELHI : As the US recalibrates its reciprocal tariff policy following a data miscalculation, India will now face an additional 26% tariff across a range of commodities starting 9 April. This marks a slight downward revision from the 27% hike announced on 2 April after the US administration corrected its trade deficit computations.

Subscribe to enjoy similar stories. President Trump’s high tariffs would make the U.S. one of the world’s most protectionist countries.

Subscribe to enjoy similar stories. Nothing is more American than the pickup truck. One big reason why: the “chicken tax." The U.S.

Subscribe to enjoy similar stories. President Trump’s start-and-stop expansion of tariffs on trading partners has no analog in modern history. President George W.

Aman Gupta, cofounder of wearables brand Boat, asked young entrepreneurs not to do a startup for the sake of it. He urged a more grounded perspective on entrepreneurship, suggesting that it should not be seen as a magic fix. He further highlighted the rise of founder branding, a strategic tool where entrepreneurs leverage their personal image to boost business visibility and trust.

Rahul Gandhi to file his reply by May 7 over his controversial remarks about «fighting the Indian State itself». During the inauguration of the Congress' new headquarters in Delhi on January 15, Gandhi alleged that the BJP and the RSS have captured every institution of the country and said, «We are now fighting the BJP, the RSS and the Indian State itself.» Hindu Shakti Dal national president Simran Gupta moved the application before the Additional Chief Judicial Magistrate (Special MP-MLA Court) at Chandausi in Sambhal, her lawyer earlier said. Speaking to PTI, Gupta said, «On January 15, Leader of Opposition (in the Lok Sabha) Rahul Gandhi, during the inauguration of the Congress' new headquarters in Delhi, had said that 'our fight is not only with the RSS and the BJP but also with India'.» This comment demonstrates disrespect towards the citizens and democracy of the country, the Hindu Shakti Dal chief said. «It mocks the people and poses a threat to the unity and integrity of India. This statement has hurt the sentiments of people across the country, due to which I first complained to the District Magistrate of Sambhal, SP Sambhal and others.

Barclays, and Bank of America are sounding warnings over the prospect for a recession across the globe following US president Donald Trump's latest imposition of high tariffs, reported CNBC. JPMorgan said that if the tariffs remain imposed for long, it might lead the United States and the world into a recession, according to the report.

With this move, the two small islands off the Canadian coast have gone from relative obscurity to being the unexpected face of an escalating US-France trade clampdown. While larger countries like China and Mexico are often the focus of trade battles, this time it’s a quiet fishing outpost of under 6,000 people caught in the crossfire.

Subscribe to enjoy similar stories. WASHINGTON—President Trump promised a new American golden age. But the immediate fallout from his expansive tariffs has been a shuddering stock market and rising fears of a recession.

A worrisome pattern observed is how Indians are serving their older loans by opting for new loans. RBI had also cautioned against such stress from the consumer credit segment spilling over to secured loans after its assessment showed nearly half the borrowers availing credit card and personal loans had another live mortgage or vehicle loan. «Given that a default in any loan category results in other loans of the same borrower being treated as non-performing by the lending financial institution, these larger and secured loans are at risk of delinquency from slippages in relatively smaller personal loans,» the regulator noted in the December 2024 edition of the bi-annual Financial Stability Report. Data showed that 11% borrowers originating a personal loan under ₹50,000 had an overdue personal loan and over 60% had availed of more than three loans during the current financial year. To control the problem, which is on the cusp of turning into a huge crisis, the government could probably try giving a fresh start to the borrowers. A report of Dvara Research regarding India's debt problem had said that lack of bankruptcy regime for the borrowers only offers partial relief, with the crucial need to remove such blanket ban of relief. Bloomberg Columnist Andy Mukherjee made a similar point by saying that with overborrowing occurring, it might be time to let some institutions fail. «Where the government needs to get involved is in allowing borrowers to shed unsustainable debt in an orderly fashion. The mechanism for that exists in India’s bankruptcy code; it’s yet to be implemented for individuals other than guarantors for corporate loans,» said Mukherjee.

Communist Party of China (CPC) has said in a message to the CPI(M), extending wishes for the party congress underway in Madurai. According to a document shared by the Communist Party of India (Marxist), 34 Left parties from across the world have sent it messages wishing success to its 24th party congress. Besides the CPC, they include Workers' Party of Korea, Communist Party of Vietnam, Communist Party of Cuba, Communist Party of Australia, Workers' Party of Belgium, Palestinian People's Party, besides communist parties from the US, France and Germany among others. Communist Party of Bangladesh, Workers Party of Bangladesh, Communist Party of Nepal (United Socialist), Awami Workers' Party, Pakistan, Communist Party of Pakistan and Communist Party of Burma also sent messages wishing success to the CPI(M) congress. The CPC in its message said in the present international landscape, an improving China-India relationship serves the common interest of both countries and the region. «The international landscape and world order are now in a new round of transformation. An improving China-India relationship serves the common interests of both countries and the region,» CPC said.

US President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30% to 40% if the company were to pass on the cost to consumers. Most iPhones are still made in China, which was hit with a 54% tariff. If those levies persist, Apple has a tough choice: absorb the extra expense or pass it on to customers.