US President Donald Trump is set to roll out new tariffs starting April 2, calling it ‘Liberation Day for American trade’. These tariffs aim at countries that impose high duties on US goods or follow trade policies that Trump’s administration considers unfair. While specific details remain unclear, several nations are expected to bear the brunt of these new measures. The Trump administration has long argued that existing global trade rules favour other countries at America’s
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Cigarettes-to-hotels conglomerate ITC Ltd. announced on Monday, March 31, that it has decided to acquire the pulp and paper business of Aditya Birla Real Estate, under the name of Century Pulp and Paper on a slump sale basis. The transaction will be done on a lump sum consideration of ₹3,500 crore on a cash-free, debt-free basis, subject to closing conditions. Century Pulp and Paper has an installed capacity of 4.8 lakh MT per annum. Here are
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Shares of debt-ridden telecom operator Vodafone Idea Ltd. are now locked in an upper circuit of 25% on Tuesday, April 1, after brokerage firm Citi opened a positive catalyst watch for a 90-day period on the stock, along with Indus Towers Ltd. In developments over the long weekend, the government will now become the largest shareholder of Vodafone Idea after it will convert its spectrum dues into equity. The equity conversion of ₹36,950 crore, will take
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01April
Dow Jones ends 1% higher in a session marred by wild swings ahead of Trump tariff announcements
Benchmark indices saw wild swings on Monday to end what was a dismal quarter on Wall Street a day ahead of US President Donald Trump’s reciprocal tariff announcements. The Dow Jones recovered 900 points from the day’s low to end with gains of over 400 points. The S&P 500 and the Nasdaq also clawed back their losses from earlier in the session. Investors seeking safer bets led to a surge in Dow constituents Coca-Cola and
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The government on Saturday issued a memorandum announcing the appointment of Nidhi Tewari, a 2014-batch Indian Foreign Service (IFS) officer, as Private Secretary to Prime Minister Narendra Modi. Tewari has been serving as Deputy Secretary in the Prime Minister’s Office (PMO) since November 2022. Earlier she was Under Secretary at Disarmament and International Security Affairs Division at the Ministry of External Affairs (MEA). According to the memorandum issued by the Department of Personnel and Training (DoPT) on
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