“India is a very high tariff nation,” said US President Donald Trump while signing executive orders at the Oval Office on Thursday (local time). Trump reiterated that reciprocal tariffs on nations that impose duties on US goods will come into effect from April 2.

This is the second time that Trump spoke about India’s trade tariffs. Previously, he referred to India as a “tariff king”.

Ukrainian President Volodymyr Zelenskyy announced on Thursday that he would travel to Saudi Arabia on Monday to meet Crown Prince Mohammed Bin Salman. The visit comes ahead of key diplomatic discussions with US officials later in the week.

"Next week, on Monday, my visit to Saudi Arabia is planned to meet the crown prince. After that, my team will remain in Saudi Arabia to work with our American partners. Ukraine is most interested in peace," Zelenskyy said.

The US Supreme Court has rejected the plea of the 26/11 Mumbai attack accused, Tahawwur Rana, seeking a stay on his extradition to India. Justice Elena Kagan on Thursday (local time) denied Rana's application, requesting a stay on his extradition to India.

Tahawwur Rana had approached the United States Supreme Court seeking an emergency stay on his extradition to India.

US President Donald Trump convened an in-person cabinet meeting on Thursday to inform members that they, and not Elon Musk, head of the Department of Government Efficiency (DOGE), are in charge of their departments.

According to media reports, Musk was present when Trump delivered this message.

Union Home Minister Amit Shah on Friday asked Tamil Nadu Chief Minister M K Stalin to commence engineering and medical education in Tamil in the state.

Targeting the chief minister on the language issue, especially given Stalin's opposition to Hindi, Shah said the Narendra Modi government effected changes and now ensured that the CISF aspirants could write the exam in their respective regional languages.

Layoffs announced by US-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts and fears of trade wars, offering the clearest sign yet of the toll taken on the labor market by the policies of President Donald Trump's administration.

Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts vaulted 245 per cent to 172,017 last month, the highest level since July 2020.

Fast-Moving Consumer Goods (FMCG) major Britannia Industries, on Thursday, announced that Rajneet Singh Kohli has resigned as executive director and chief executive officer (CEO), effective March 14.

In a communication to the stock exchanges, the company cited his decision to pursue an opportunity outside the company as the reason for Kohli’s resignation.

Union Finance Minister Nirmala Sitharaman on Thursday said the government is closely watching ongoing trade negotiations with the United States, as the April 2 deadline for reciprocal tariffs by President Donald Trump approaches.

"We will have to see how the Commerce Ministry handles the negotiations in the US," Sitharaman said during her address at the launch of the book 'The Glimpses of World History' in Visakhapatnam, Andhra Pradesh.

Delhi health minister Pankaj Singh announced on Thursday that the registration process for the Ayushman Bharat scheme will begin after March 8, marking a significant step toward expanding healthcare access in the national capital.

Speaking at a press conference, Singh said the Delhi government would soon sign a Memorandum of Understanding (MoU) with the Centre to implement the scheme.

Markets regulator Sebi has allowed all non-banking financial companies (NBFC), including housing finance companies, to invest in security receipts issued by Asset Reconstruction Companies (ARCs), a move aimed at encouraging investments in the bad loans space.

This has widened the scope of participants who can acquire security receipts from ARCs, thereby boosting liquidity in the distressed asset market.

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