US President Donald Trump on Tuesday (local time) delivered the first State of the Union address of his second term, offering a forceful defence of his economic, trade and immigration policies ahead of the November midterm elections.

A central theme of his address was trade and tariffs. Trump reiterated his long-standing belief that tariffs paid by foreign countries could eventually replace the modern income tax system.

India must focus on scale, competitiveness and lowering the cost of doing business to successfully integrate into global markets, former G20 Sherpa Amitabh Kant said on Tuesday.

Speaking on the topic ‘Aligning India with evolving geopolitics’ at BS Manthan, Business Standard’s flagship event in New Delhi.

US President Donald Trump on Tuesday (local time) reiterated his claim that he had helped stop eight global wars, including what he described as a potential “nuclear war” between India and Pakistan. He also made a fresh assertion that Pakistan Prime Minister Shehbaz Sharif would have died had it not been for his intervention.

Shares of Indian solar equipment manufacturers tumbled on Wednesday after the United States (US) imposed preliminary duties on solar imports on multiple countries.

Waaree Renewable Technologies fell as much as 6 per cent, while Waaree Energies and Premier Energies tumbled 14 per cent on Wednesday.

The market capitalisation of companies listed on the BSE plunged by over ₹5 trillion on Tuesday, weighed down primarily by technology stocks and renewed tariff tensions.

The market cap of BSE-listed stocks fell by ₹5.16 trillion to ₹468.52 trillion with the benchmark indices falling over 1 per cent.

The Trump administration set preliminary duties of 126 per cent on solar imports from India after determining the country unfairly subsidised manufacturing.

The US Commerce Department also set initial duties from 86 per cent to 143 per cent for Indonesia and 81 per cent for Laos.

Technical incidents such as engine oil and fuel leaks affecting Air India flights reached the highest rate in at least 14 months in January, a company document shows, underscoring growing strain on the carrier's revamp ambitions.

India's second-largest airline has come under ​scrutiny from the country's safety regulator since a crash last year killed 260 people.

The Supreme Court on Tuesday permitted the chief justice of the Calcutta High Court to deploy additional civil judges with at least three years of experience to expedite verification of claims and objections under the Election Commission’s (EC) Special Intensive Revision (SIR) of voter rolls in West Bengal. The top court also noted that if additional manpower is required, the chief justice can seek serving or retired judicial officers of similar rank from Jharkhand and Odisha.

The information technology (IT) industry is going through a “painful transition” due to AI but writing its obituary is wrong, said C Vijayakumar, chief executive officer and managing director of HCLTech.

Indian-American venture capitalist Vinod Khosla last week said that artificial intelligence could render traditional employment obsolete within decades and disrupt India’s outsourcing industry.

Renewable energy solution provider Suzlon on Tuesday appointed Ajay Kapur as the Group CEO.

The company also elevated J P Chalasani to the newly formed Group Executive Council.

Aligned with Suzlon 2.0 vision, Suzlon forms a Group Executive Council (GEC) to steer strategic direction and appoints Ajay Kapur as Group CEO to drive scale and business transformation across the group, the company said in a statement.

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