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Indian auto components makers more likely to be hit by Trump’s tariff than vehicle makers

New Delhi, Mar 27 (PTI) Indian auto component makers are more likely to be impacted than their vehicle manufacturing counterparts by US President Donald Trump’s tariff war, industry observers said on Thursday. Trump on Wednesday announced imposition of 25 per cent tariffs on auto imports from April with another 25 per cent tariffs expected to be applied on imports of major automotive parts — engines and engine parts, transmissions and powertrain parts, and electrical components by May. “It is the Indian auto components industry that is more likely to face the heat due to the US tariff as exports from

Markets rebound in early trade amid foreign fund inflows

Mumbai, Mar 27 (PTI) Stock market benchmark indices rebounded in early trade on Thursday after falling sharply in the previous session as continuous foreign fund inflows and buying in blue-chip Reliance Industries supported the recovery in equities. The 30-share BSE benchmark Sensex climbed 202.83 points to 77,491.33 in early trade despite a weak opening. The NSE Nifty went up by 48.65 points to 23,535.50, recovering all the opening lost ground. From the Sensex pack, Larsen & Toubro, Zomato, ICICI Bank, Axis Bank, NTPC, Titan, Power Grid and Reliance Industries were the biggest gainers. Tata Motors tanked 5 per cent after

Rupee falls 24 paise to 85.93 against US dollar in early trade

Mumbai, Mar 27 (PTI) The rupee depreciated 24 paise to 85.93 against the US dollar in early trade on Thursday, as US President Donald Trump’s tariff policies reignited fears of a global trade war, fuelling inflation concerns and causing ripple effects across currency markets. The US dollar strengthened after Trump late on Wednesday announced long-promised 25 per cent tariffs on automotive imports, set to take effect on April 2. Forex dealers said the rupee is also facing renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the US currency from importers. However, foreign fund inflows

“This attack took place with consent of CM of UP…”: SP Chief Akhilesh Yadav on violence outside residence of MP Ramji Lal Suman

Kannauj (Uttar Pradesh) [India], March 26 (ANI): Samajwadi Party Chief Akhilesh Yadav on Wednesday strongly condemned the vandalism and stone pelting outside the residence of Samajwadi Party MP Ramji Lal Suman in Agra, UP. Yadav accused the BJP of perpetuating hatred and exploiting history for political gain. He emphasised that the attack on Suman’s residence, which occurred while the Chief Minister was in the district, was not only condemnable but also seemed to have the Chief Minister’s tacit consent. Yadav highlighted Suman’s experience and stature as a Dalit MP, making the attack even more egregious. Akhilesh Yadav said, “On March

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