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Mayuresh Joshi, Head Equity, Marketsmith India, says Trump’s announcements are on everybody's mind, but if this lingers on with the absolute stance that president Trump has reiterated and that continues in a rhetorical fashion for the next few weeks without any negotiations on the table across a lot of different economies, we are going to see a lot more volatility in the equity markets. Joshi says Trump will bring a lot of countries on the negotiating table over the next few weeks and a few sectors like pharmaceuticals might not get the brunt as the markets are fearing. So, pharma, which has got beaten down as far as US exports are concerned, might have a respite in terms of Indian exports and should show a smart bounce. What is the overriding thought in the Indian markets right now about Liberation Day and what could really be brought in the worst fears that market men are contending with right now? Mayuresh Joshi: Two things, there is huge uncertainty of what will come through and therefore how the rhetoric in terms of the Trump tariff plan gets implemented, which sectors are probably going to get affected, and how are countries going to get taxed is going to be the foremost important facet that the markets will probably look at.

INDIA LEADERSHIP COUNCIL

Renuka Chowdhury on Wednesday moved suspension of Business Notice in Rajya Sabha to discuss the impact of US Tariffs on India which are slated to come in effect from today. Expressing concern over the tariff, Renuka Chowdhury moved the notice to discuss India's policy to counter the impact on economy.

The State Department said it was green-lighting a sale that includes 20 F-16 jets and related equipment to the Philippines, a treaty-bound ally of the United States. The sale would «improve the security of a strategic partner that continues to be an important force for political stability, peace and economic progress in Southeast Asia,» a State Department statement said. It would also boost «the Philippine Air Force's ability to conduct maritime domain awareness» and «enhance its suppression of enemy air defenses,» the statement said. The news follows months of escalating confrontations between the Philippines and China in the South China Sea, which Beijing claims almost in its entirety despite an international ruling that its assertion has no merit.

batteries. Toys sold in slimmed-down boxes or no packaging at all. More household goods that shoppers need to assemble themselves. These are some of the ways consumer product companies are retooling their wares to reduce costs and avoid raising prices as President Donald Trump levies new import taxes on key trading partners as well as some materials used by American manufacturers. The economic environment in which the president has imposed, threatened and occasionally postponed repeated rounds of tariffs is more precarious than during his first term. U.S. consumers are feeling tapped out after several years of inflation. Businesses say tariffs add to their expenses and eat into their profits, but they are wary of losing sales if they try to pass all of the increase on to customers. Instead, some companies are exploring cost-cutting options, both ones that consumers likely would notice in time — remember “shrinkflation?” — and ones that exist too far down the supply chain for them to see. The changes may help minimize price increases yet won't be enough in every case to offset them completely.

Sensex and Nifty50, traded higher on Wednesday, led by gains in IT and banking stocks, as investors awaited U.S. President Donald Trump's latest round of tariffs. At 9:37 am, the BSE Sensex was up 426 points, or 0.56%, at 76,451, while the Nifty50 gained 123 points, or 0.53%, to trade at 23,289.

Pushkar Singh Dhami appointed Saira Bano, a resident of Kashipur in Udham Singh Nagar, as the Vice President of the Uttarakhand Women's Commission. Bano, a resident of Kashipur, came into limelight when she filed a writ in the Supreme Court against triple talaq in 2017. The verdict by the Supreme Court was given in her favor in 2017 after which in 2018 the Modi government made a law on triple talaq and made a provision to send the accused to jail. Earlier on April 1, CM Dhami expressed heartfelt gratitude to Prime Minister Narendra Modi on the occasion of three years of good governance of the state government. Taking to social media X, the CM in post wrote that it was due to PM Modi's leadership, guidance and special attachment towards Uttarakhand that the state could create new dimensions of development.

Chinese Ambassador to India Xu Feihong expressed his optimism about the future of China-India relations as the two nations celebrate the 75th anniversary of diplomatic ties and believes the two nations will advance bilateral relations. In the event titled, 'Riding the East Wind, Setting Sail Anew and Opening a New Chapter in China-India Relations' the Chinese envoy expressed great pleasure for the presence of Foreign Secretary Vikram Misri to join on the 'commemoration of the 75th anniversary of the establishement of China-India diplomatice relations.' «Today, the leaders of China and India exchanged congratulatory messages to mark the 75th anniversary of the establishment of diplomatic relations. Chinese President Xi Jinping emphasized that both sides should view and handle China-India relations from a strategic and long-term perspective and seek ways for neighboring major countries to get along in peaceful coexistence, mutual trust and mutual benefit as well as common development,» he said. «Indian Prime Minister Narendra Modi emphasized that the meeting between the two leaders in Kazan was instrumental in laying out a roadmap for our bilateral relations returning to a stable, predictable and amicable path. Progress in our bilateral relations will contribute not only to global stability and prosperity but also to the emergence of a multi-polar world,» he added. Highlighting both nations' ability to navigate challenges and continue growing, he affirmed, «Over the past 75 years, despite weathering ups and downs, China-India relations have always surged forward like the Yangtze and the Ganges. One learns from the past in order to understand the future, and follows the right path to go far.»

Subscribe to enjoy similar stories. As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from 2 April in the US.

Subscribe to enjoy similar stories. Indian benchmark indices ended lower on 1 April, with the Sensex falling 1.80% and the Nifty 50 dropping 1.50% ahead of the tariff deadline. Major losers were HCL Technologies, Bajaj Finserv, and HDFC Bank, while IndusInd Bank and Bajaj Auto saw gains.

In surpassing the previous record—held by the late segregationist Senator Strom Thurmond, who filibustered against the Civil Rights Act of 1957 for 24 hours and 18 minutes—Booker etched his name into Senate history. But unlike Thurmond, who fought against progress, Booker used his time to rally against what he sees as a dangerous consolidation of power. «I rise with the intention of disrupting the normal business of the United States Senate for as long as I am physically able,» Booker said at the outset of his remarks. «I rise tonight because I believe sincerely that our country is in crisis,» Booker said.

Jimmy Patronis won a special election Tuesday in Florida's 1st Congressional District, bolstered by President Donald Trump's endorsement to fill a vacant seat in reliably Republican northern Florida and despite national Democrats pouring millions into the race. Patronis, the state's chief financial officer, fended off a challenge from Democrat Gay Valimont even though she far outraised and outspent him. He will fill the northwest Florida seat vacated by former Rep. Matt Gaetz, who was chosen to be Trump's attorney general but withdrew from consideration amid allegations of sexual misconduct, which he has denied. Valimont benefited from the outrage of national donors alarmed by the early months of Trump's second term but was ultimately not able to pull off what would have been a massive upset in a district both Trump and Gaetz won by more than 30 points last year. The mood was celebratory at a waterfront restaurant in Pensacola, where congratulatory text messages were already lighting up Patronis' phone as early results were posted Tuesday night. Patronis worked the crowd of about 100 people shaking hands and giving hugs, his wife Katie and two sons in tow. In Florida's 6th Congressional District, Republican state Sen. Randy Fine won his race against Democratic challenger Josh Weil. Fine was on track for a much narrower victory than the 33-point margin by which Mike Waltz won the district in November, according to early returns.

Asian stocks edged lower as traders grapple with how to position themselves in the countdown to President Donald Trump’s sweeping tariffs announcement. A regional gauge declined as indexes in Japan and South Korea dropped at the open. Treasury yields advanced after a multi-day drop as traders weighed the odds of Federal Reserve policy easing.

Vodafone Idea jumped over 20% on Tuesday as the government's decision to convert spectrum dues into equity eased investor concerns about the company's prospects. Analysts said the likelihood of the stock logging more gains soon makes it a strong pick for punters, but investors would want to see more signs of a revival in business prospects to add it to their long-term portfolio.

Lena Dunham recently stepped out to lead a rally for trans rights just outside the US Capitol. The 38-year-old feminist advocate made a rare appearance in Washington DC on March 31. The rally was hosted by the Christopher Street Project for the Trans Day of Visibility, People magazine reported.

President Donald Trump says that tariffs will make the U.S. "rich." But those riches will likely be far less than the White House expects, economists said.

AQR Capital Management's multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump's uncertain tariff policy.

The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI dropped to 49.0 last month from 50.3 in February. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.2% of the economy. Economists polled by Reuters had forecast the PMI slipping to 49.5. Manufacturing started turning around at the beginning of the year after a lengthy recession triggered by the Federal Reserve's aggressive interest rate hikes in 2022 and 2023 to tame inflation. But the nascent recovery appears to have been snuffed out by President Donald Trump's barrage of tariffs. Trump, since returning to the White House in January, has announced and delayed tariffs on Canada and Mexico for what he alleges is their role in allowing the opioid fentanyl into the U.S., set import taxes on goods from China for the same reason, launched hefty duties on imports of steel and aluminum and slapped a 25% levy on imported cars and light trucks. Trump promised to announce global reciprocal tariffs on Wednesday, which he has dubbed «Liberation Day.» He sees tariffs as a tool to raise revenue to offset his promised tax cuts and to revive a long-declining U.S. industrial base.

Donald Trump has reiterated that Wednesday will be «Liberation Day» — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump's next round of import taxes are still sketchy. Most economic analyses say average U.S. families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes. But an undeterred Trump is inviting CEOs to the White House to say they are investing hundreds of billions of dollars in new projects to avoid the import taxes. It is also possible that the tariffs are short-lived if Trump feels he can cut a deal after imposing them. What exactly does Trump plan to do? He wants to announce import taxes, including 'reciprocal' tariffs that would match the rates charged by other countries and account for other subsidies. Trump has talked about taxing the European Union, South Korea, Brazil and India, among other countries.

President Donald Trump is expected to unveil sweeping tariffs on major trading partners on Wednesday (2 April) in what he is calling ‘Liberation Day', with the president warning reporters last week that tariff plans «would start with all countries, so let us see what happens».  Goldman Sachs economists Ronnie Walker, Alec Phillips and David Mericle have consequently hiked the 12-month recession probability to 35%, up from their previous 20% estimate.  The Big Question: Can Donald Trump's stance on tariffs work alongside US stock market growth? According to the Goldman trio, their p...

Donald Trump has reiterated that he might pursue a third term as US President, adding he is not joking" about wanting to serve in 2028. In an interview with NBC News, Trump said, «There are methods which you could do it. I am not joking.» Later, talking to the reporters, he said that there were demands from the people for him to run for a third term. «I have had more people ask me to have a third term, which in a way is a fourth term because the other election, the 2020 election was totally rigged. I don’t want to talk about a third term now because no matter how you look at it, we’ve got a long time to go,” Trump said, who would be 82 by the end of his potential second term. But the question arises can Trump run for a third term? In January, he told supporters that it would be „the greatest honour of my life to serve not once, but twice or three times or four times“. However, he then said this was a joke for the „fake news media“.