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Mahesh Patil, CIO, ABSL AMC, says from an India standpoint, the impact of the reciprocal tariffs is there for a few sectors including large exporters like IT and pharma, because of the slowdown in the US. But the overall impact compared with the US trade, the impact on GDP, will not be more than 20 basis points. The reaction has also not been very big and it should probably settle down. Patil says he does not see a major downgrade to our earnings for next year, except for one or two sectors. Any dip because of this correction could be a good buying opportunity. It is easy to turn bearish in this market, but should one really turn bearish? If yes, why? If no, why not? Mahesh Patil: Clearly, the Trump tariffs that have come out are slightly worse than expectations. But if you look at it from an India standpoint, I would not be too bearish. While the tariffs have been imposed across the various countries, relatively if you look at India, tariffs are much lower than some of these other partners on the global front – be it China, Vietnam, or Bangladesh. In that sense, we will not be competitively worse off over there.

Phil Goff, New Zealand's former High Commissioner to the UK, sacked for publicly questioning US President Donald Trump's understanding of history, has defended his comments. Goff stated his comments were prompted by the US President's «disgraceful bullying» of Ukraine and its president Volodymyr Zelensky, and the «untruthful statements» made by the Trump administration about Russia’s invasion. New Zealand Foreign Minister Winston Peters moved quickly to dismiss Goff, stating his position had become “untenable.” Goff, however, maintains he has no regrets and believes his actions will be viewed favorably in the future. Goff made the first comments about Trump during a live-streamed Q&A event with Finland Foreign Minister Elina Valtonen on March 4. Referring to Winston Churchill’s 1938 speech to the House of Commons following the Munich Agreement, asking Valtonen, “President Trump has restored the bust of Churchill to the Oval Office. But do you think he really understands history?” This question, according to Goff, arose from the “dismay” shared within the diplomatic community in London regarding Trump's stance on Ukraine. “As one untruthful statement followed another like something out of an Orwell novel, I increasingly felt that the lies needed to be called out," he had said.

«The whole purpose of creating this chaos seems to be to deliberately weaken the dollar. Gold has been pricing this in for a while now, and it’s already extremely expensive—so don’t read too much into gold’s move yesterday,» says Maneesh Dangi, Macro Mosaic Investing. World moves in a pattern, which is that if there is problem of growth, then gold goes up. If there is problem of inflation, gold goes up. If there is a fear of recession, then equities go down. Last night, everything went down, gold, silver, Bitcoin. Why have we seen such a massive synchronised sell off last night at least in US markets? So, if uncertainty increases in general, the typical reflex you talked about does occur. However, we are in uncharted territory. It has never happened before that a country like the US is behaving the way it currently is. The whole purpose of creating this chaos seems to be to deliberately weaken the dollar. Gold has been pricing this in for a while now, and it’s already extremely expensive—so don’t read too much into gold’s move yesterday.

Pappu Yadav, on Friday claimed that the Bihar chief minister Nitish Kumar and the JD(U) chief was not in a good mental state and that he was no longer in control of his party. «Nitish Kumar ji's mental state is not very good in the present time. In his party, 90 of leaders are against SC/ST but aligned to BJP...The day voting takes place in Bihar, on that day after 5pm, BJP will not need Nitish Kumar..JD(U) is not in the hands of Nitish ji now,» Yadav said. Yadav also criticised the ruling party at the Centre, «Just because they have the numbers, they are bypassing the constitution...Do they even have a single Muslim MP? Do they give tickets to even a single Muslim?.. They want to divert attention from real issues...The nation will not accept it and will give a befitting reply to them.» JD(U) leader Raju Nayyar today submitted his resignation from JD(U) after Waqf Amendment Bill is passed and supported in the Lok Sabha. He went on to express his deep disappointment with the party, stating, «I am deeply hurt by the JD(U) voting in favour of this black law, which oppresses Muslims.»

Kolkata Knight Riders splashed a whopping Rs 23.75 crore to secure Venkatesh Iyer at the IPL mega auction, the cricketing world went into a frenzy. The price tag made him KKR's most expensive player ever and the third costliest buy in the league's history. But after scoring just 9 runs in his first two outings this season, murmurs turned into full-blown debates—was he really worth the money? However, his innings against Sunrisers Hyderabad was enough to show the class player that he is. Iyer has finally opened up on the costly buy and the pressure it builds on players like him. «I won't lie, there is a little pressure. You guys talk so much,» Iyer quipped at the post-match press conference. «But being the highest-paid player (in KKR) does not mean I have to make runs in every match.» «It's about how I am winning for the team and what impact I am able to make. The pressure is not about how much money I am getting or how many runs I have to make. That's never been the pressure on me,» he said firmly.

«Over 120,000 people were laid off this year. And many of them didn’t even get a call. Some found out through a blocked email. Some were just removed from Slack in the middle of the day. That’s inhuman. Yes, layoffs happen. But how you handle them says everything about your culture,» said Harsh Pokharna in a post on LinkedIn. «I know it’s tough to have these conversations, but this is what you signed up for when you became a founder. If you call someone “family” while hiring them, treat them like family when letting them go too,» added the Bengaluru-based CEO.

Robert Irwin, the 21-year-old son of the late Steve Irwin, has partnered with Australian underwear brand Bonds for a new campaign launching in the US. The photoshoot features Irwin posing in underwear with snakes and lizards, leading to a controversy and online trolling. The campaign aims to promote the brand's expansion into the American market. Irwin, known for continuing his father's wildlife conservation legacy alongside his mother and sister at Australia Zoo, has been in the public eye since childhood. His latest venture into underwear modelling marks a significant departure from his previous work. Bonds, an Australian brand, chose Irwin and Australian rapper Tkay Maidza for their US launch campaign. The images feature Irwin in various poses, often with reptiles. The photoshoot has generated considerable discussion online, with many expressing surprise at Irwin's appearance. Some social media users commented on their conflicted feelings seeing him in this new light, remembering him as a child on television. “I was born in 1989. My elder eyes shan't not look upon this.”

UltraTech Cement shares will be in focus as the company plans to acquire Wonder WallCare, a wall putty manufacturer, for an enterprise value of up to Rs 235 crore as part of its expansion strategy. The acquisition will strengthen UltraTech’s portfolio of value-added products. Wonder WallCare, a wholly owned subsidiary of Wonder Cement, operates a manufacturing plant for wall putty and related products with a capacity of 600,000 tonnes per annum, located in Rajsamand, Rajasthan.

The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.

Subscribe to enjoy similar stories. Leaders from Canada, Europe and China are threatening stiff countermeasures against the U.S. in response to President Trump’s surprisingly steep tariffs on nearly all imports.

Subscribe to enjoy similar stories. While brains are wracked over the global impact of US tariffs, what has left many particularly zapped is the inclusion of a group of remote islands in its target list. Heard and McDonald Islands near Antarctica is listed as a place whose goods shipped to the US will now attract a 10% import levy.

Subscribe to enjoy similar stories. WASHINGTON—In the final run-up to President Trump’s “Liberation Day" tariff announcement, aides were left with a difficult task. They were struggling to square the president’s seemingly contradictory goals for sweeping new duties.

Subscribe to enjoy similar stories. MUMBAI : Indian equities outperformed their Asian peers on Thursday, the day US President Donald Trump announced sweeping new tariffs that threaten to destabilize the world trade order. However, Siddhartha Bhaiya, managing director and chief investment officer of Aequitas Investment Consultancy, thinks a one-day reaction barely scratches the surface of the move’s impact.

So, shares of textile makers stood out Thursday, surging as much as 18%, as the 26% tariffs were on home furnishings and readymade garments from India paled in comparison with 54% levies on China, 46% for Vietnam, 37% for Bangladesh, and 30% for Pakistan.

Delhi Metro can test anyone’s patience, especially when standing in a jam-packed train with barely enough room to breathe. In this chaotic routine, scoring a seat often feels like striking gold. This everyday hassle became the center of a light-hearted yet imaginative conversation on Reddit, where users unleashed their funniest and wildest tricks to claim a seat during rush hour.

Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each. The slump wiped out around $2.5 trillion from the US stock market. Oil sold off and the greenback extended its drop on Friday as yields on the 10-year US Treasury hovered around the 4% mark. Markets are closed in China and Hong Kong.

Rajya Sabha early Friday adopted a Statutory Resolution confirming the imposition of President's Rule in strife-torn Manipur with members across party lines supporting the decision. Even though opposition members slammed the Centre for its failure to restore law and order in the state and control violence, the government said it was making all efforts to bring normalcy in the state, asserting that its policy was not to impose President's Rule in states. Speaking at the end of the discussion on the resolution, Union Home Minister Amit Shah said a meeting between the two communities from Manipur is likely to take place in the national capital soon. Shah informed the House that two meetings between the communities had already taken place in Manipur while the House was in session. "...We are investing our efforts to bring peace back in Manipur. Thirteen meetings have happened. We brought up the subject late as meetings were going on. The next meeting is in the offing and the issue will see its resolution soon," the minister said. «The path to communication is open… We don't use this for political mileage,» Shah added.

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.

Subscribe to enjoy similar stories. New Delhi: Lava, the homegrown smartphone and accessories brand, is in talks with investors to raise up to ₹500 crore ($58 million) in the coming months before pursuing a public listing, a senior company executive said, as the company looks to ramp up its presence in the country. Sunil Raina, executive director at Lava International, did not disclose the valuation for its current funding effort but referred to an earlier attempt.

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump’s tariff thunderbolt sent shockwaves across world capitals on Thursday, turning the clock back on globalization and raising fears of a tariff war.

Rajya Sabha gave its approval, following 12 hours-long debate over the proposed legislation. The bill, which seeks to improve the administration and management of waqf properties in India, was passed with 128 votes in favour of the bill, as against 95. The Lok Sabha passed the Bill with a 288-232 vote in the wee hours of Thursday after nearly 12 hours of debate. Tabling the Bill in the Upper House, which was examined and redrafted by a Joint Parliamentary Committee (JPC), Rijiju said the proposed legislation has nothing to do with religion, but deals only with properties. The Bill aims to include all the Muslims sects in the Waqf board, Rijiju said. The government proposes to rename the Waqf Bill as Unified Waqf Management Empowerment, Efficiency and Development (UMEED) Bill. The bill was earlier presented in the Lok Sabha in August of last year and a Joint Parliamentary Committee, headed by BJP member Jagdambika Pal, examined it.