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Indian shares end flat as financials offset declines in pharma, IT

Feb 19 (Reuters) – India’s benchmark indexes ended flat on Wednesday as gains in heavyweight financials countered losses in pharma and IT stocks on concerns that President Donald Trump would impose more tariffs on U.S. imports. The Nifty 50 ended the day 0.05% lower at 22,932.9, while the BSE Sensex fell 0.04% to 75,939.18. On Tuesday, Trump said that he intends to levy auto tariffs “in the neighbourhood of 25%” and similar duties on semiconductors and pharmaceutical imports. This resulted in Indian pharma stocks falling 0.7% as the U.S. accounts for nearly 31% of total domestic pharma exports. Renewed concerns

India will face reciprocal tariffs, ‘nobody can argue with me’, says Donald Trump

Washington, Feb 19 (PTI) US President Donald Trump has said that he made it clear to Prime Minister Narendra Modi that India will not be spared from Washington’s reciprocal tariffs, emphasising that “nobody can argue with me” on tariff structure. Trump made these remarks during an interview with Fox News’ Sean Hannity recently. Fox News aired a joint television interview with President Trump and billionaire Elon Musk on Tuesday night. On February 13, hours before Prime Minister Modi’s bilateral meeting with Trump in the White House, the US President announced reciprocal tariffs. Under the plan, the Trump administration “will work

Police raid Kashmir bookstores, seizing books related to Islamic group

SRINAGAR, India (AP) — Police in Jammu and Kashmir raided bookstores and seized hundreds of books linked to a major Islamic organization in the disputed region, where strict controls on the press have escalated in recent years. The raids began on Friday in Srinagar, the region’s main city. Police said in a post on the social media platform X that they acted “based on credible intelligence regarding the clandestine sale and distribution of literature promoting the ideology of a banned organization” and seized 668 books. According to booksellers, the seized books were mostly published by New Delhi-based Markazi Maktaba Islami

U.S. Securities and Exchange Commission seeks India’s help in Adani fraud probe

NEW DELHI, Feb 18 (Reuters) – The U.S. Securities and Exchange Commission has asked Indian authorities for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Tuesday. The regulator told a New York district court it was making efforts to serve its complaint on the founder and his nephew, Sagar Adani, and was seeking help from India’s law ministry to do so. Neither individual is in U.S. custody, and both are now in India. “The SEC has requested assistance … under the

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