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ED conducts fresh searches in case against Bihar IAS officer Sanjeev Hans

Patna, Mar 27 (PTI) The ED (Enforcement Directorate) on Thursday carried out fresh searches against some Bihar government officials and engineers as part of an ongoing money laundering investigation against IAS officer Sanjeev Hans, official sources said. About six-seven locations in Patna are being raided. Some cash and documents have been seized, the sources said. The searches are being conducted on government officers and engineers who are facing allegations of bribery, they said. The money laundering case against Hans, a 1997-batch bureaucrat who last served as the principal secretary of the Bihar energy department, stems from a special vigilance unit

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

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