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Information Technology stocks slumped by as much as 10% on Thursday amid renewed inflation concerns in the US, following President Donald Trump's announcement of long-anticipated reciprocal tariffs. The Nifty IT index tumbled 4.2% — the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS, Infosys, Wipro, Mphasis, LTIMindtree, and HCL Technologies declined between 3% and 4%.

Subscribe to enjoy similar stories. New Delhi: NHPC Ltd is considering raising about ₹2,000 crore through the securitization of assets in the upcoming financial year, according to two people in the know, as the state-run hydropower major seeks to raise funds for expansion.

A resolution that challenges United States President Donald Trump’s national security justification for tariffs against Canada, passed in the U.S. Senate on Wednesday evening with bipartisan support.

The leaders discussed ways to boost cooperation in areas like trade, investment, tourism, culture, and education, with a focus on linking India's northeastern states with Thailand. «Today, we have decided to elevate our relations to the level of a Strategic Partnership,» Modi said following his talks with Shinawatra in Bangkok on the eve of the BIMSTEC Summit. At a joint press conference after the talks, Modi stated: «In the Indo-Pacific, we both support a free, open, inclusive, and rules-based order.

Marco Rubio has assured NATO allies that Washington is committed to the alliance, despite concerns raised by President Donald Trump’s earlier remarks. Speaking at a NATO foreign ministers’ meeting in Brussels, Rubio said that the United States seeks a stronger and more capable NATO. Rubio, as per the reports, said that the US is as active in NATO as it has ever been. He dismissed alleged hysteria and hyperbole in the media over Trump’s stance on the alliance. Rubio said that Trump has made it clear that the US supports NATO and they will remain a part of the organisation. However, Rubio reiterated Trump’s call for NATO allies to shoulder more responsibility. He, as per the Euro News report, urged European nations and Canada to increase their defence spending to five per cent of GDP. This reportedly is double of the current two per cent target which several nations including Belgium, Italy, and Spain fail to meet. Also Read :Judge who sentenced Marine Le Pen now under police protection

Reportedly, no party is forecast to win an overall majority, and the chances of a Reform-Conservative coalition government are mounting. Nevertheless, a deal between their parties has been ruled out by both Mrs. Badenoch and Mr. Farage. As voter trust in major leaders remains low, the future remains uncertain. For the first time today, a mega-poll asserts that if a general election were held now, reform would garner the most seats, positioning Nigel Farage to become prime minister, as per reports. The new right-wing party is expected to receive 25% of the vote, according to an analysis of a survey of 5,180 people. Labour and the Conservatives are tied at 23% each.

Quad dynamics remain stable, as the grouping is critical for Indo-Pacific security. «Tariff per se does not impact Quad.

iOS 19 update.

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.

Racing fans from various parts of the UK as well as other regions reached Aintree to witness the opening day races live as it promoted new talent in horse racing.

Andry José Hernández Romero, a gay Venezuelan makeup artist, has been sent by the US to a maximum security prison in El Salvador as part of Donald Trump-led administration’s mass deportation campaign. This was majorly due to ‘crown’ tattoos on his wrists that allegedly proved him to be a notorious gang member. The 31-year-old, who fled his home country in a bid to escape persecution for his sexual orientation as well as political beliefs, was detained at the Mexico-US border in August last year when he crossed over to take part in a pre-arranged asylum appointment in San Diego, California, The Guardian reported.

dispute settlement system, say experts. US President Donald Trump on April 2 announced reciprocal tariffs ranging from 10-49 per cent on about 60 countries, including India and China. It will come into effect from April 9. International trade expert Abhijit Das said that these duties clearly violate the World Trade Organisation (WTO) rules. He said it breaches both MFN (most favoured nation) obligations and the bound rate commitments and a WTO member country has all the right to approach the WTO's dispute settlement mechanism. A government official said that the US has stated in its executive order for these tariffs that America has imposed import levies on national security grounds. The WTO appellate body, the highest platform for dispute resolution, is not functional at present.

U.S. 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. 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. Shares of the company were down more than 8% in the wake of the tariff announcements, putting them on track for their worst day since September 2020. Apple sells more than 220 million iPhones a year; its biggest markets include the United States, China and Europe.

National Security Council (NSC) following a high-profile leak of classified discussions on Signal, a secure messaging app. The move, first reported by Axios and confirmed by DailyMail.com, follows an embarrassing incident involving National Security Advisor Michael Waltz.

Kanye West is making headlines once again, but this time over a surprise business move. Struggling financially and rumored to have marriage issues with Bianca Censori, the rapper is allegedly turning to an adult toy line to revive his wealth. The gesture has got people talking, and the issue of its viability along with that of Censori's motivation has raised concerns, as per a report.

Rajnath Singh on Thursday said the armed forces should prepare a "dynamic perspective planning" addressing both long-term and short-term challenges, keeping in mind the current dynamic geostrategic changes and the ongoing global security scenarios. In his address to the top brass of the Indian Army during the apex level biannual Army Commanders' Conference being held here from April 1-4, he also said doctrinal changes whenever required should be made to make the armed forces future ready. «The recommendation and suggestions made by the senior leadership in such a forum as the commanders' conference should be deliberated upon, and be taken to a logical conclusion with mid-course review and modification, if required. The nation is proud of its army, and the government is committed to facilitate the army in their forward movement, on the road to reforms and capability modernisation,» Singh said. In his address, he further said unconventional and asymmetric warfare, including hybrid war will be «part of the future conventional wars». Singh stressed upon the present geostrategic uncertainties and the complex world situation which effects everyone globally. He said the present world is «an inter-connected world» and such incidents whether happening in «our neighbourhood or far off countries will effect everyone».

Ford has launched a discount campaign in an attempt to attract more buyers and cruise through the competition, as other vehicle manufacturers hike prices in order to cover the increased tariffs on imported cars and auto parts. The initiative was rolled out on Thursday as President Donald Trump's 25 per cent tariffs on imported cars and auto parts came into force.

The three-day Randox Grand National festival got underway on Thursday and will go on till Saturday, with more than 150,000 racegoers expected to take part in it. This mega event is estimated to boost the economy by nearly £60 million (nearly $79 million) and is expected to attract a TV audience of around 600 million worldwide, BBC reported.

On Tuesday (2 April), Circle lodged its application with the Securities and Exchange Commission (SEC). Investors pull out of European crypto funds in 2024 amid market and political buzz Circle has attempted to float on US public markets before, put pulled the plug on its IPO, an event that CEO Jeremy Allaire, said was «disappointing» in an X, at the time Twitter, post in 2022, after it did not complete the SEC qualification in time.  The US has adopted a more crypto-friendly tilt from the incumbent White House administration, and the SEC has also moved to loosen its oversight of th...

Both teams are struggling to find consistency this season, with just one win in three matches. While SRH holds the 8th spot in the points table, KKR finds itself at the bottom (10th place) due to an inferior net run rate. With the pitch conditions and weather playing a crucial role, both teams will look to make the most of the Eden Gardens surface to secure a much-needed victory.