Appearing to give most countries a breather, US President Donald Trump on Wednesday (April 9) announced a 90-day pause on the full effect of his new tariffs for at least some countries.

In a post on Truth Social, Trump wrote, "Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125 per cent, effective immediately.

Electric vehicle maker Ather Energy has reduced the size of its initial public offering (IPO) by 25 per cent—from Rs 4,000 crore to Rs 3,000 crore—but will go ahead with its market debut in May, a month later than originally planned, according to merchant bankers familiar with the development.

The move is significant as several companies are reconsidering or deferring their IPO plans amidst a volatile stock market, driven by global uncertainty and the impact of high tariffs imposed by US President Donald Trump.

The Reserve Bank of India (RBI) on Wednesday authorised the National Payments Corporation of India (NPCI) to revise transaction limits on the Unified Payments Interface (UPI), India’s flagship real-time payments platform, in consultation with ecosystem stakeholders and banks.

The RBI said the revision is intended to align transaction limits with evolving user needs.

The Bharatiya Janata Party (BJP) has suspended its senior Rajasthan leader and former MLA, Gyan Dev Ahuja, after he “purified” a temple in Alwar following the visit of a Dalit Congress leader.

The BJP also issued a show cause notice to him on Tuesday, demanding a reply within three days.

India has approved a major government-to-government agreement with France to procure 26 Rafale Marine fighter jets, government sources said. Valued at over ₹63,000 crore, the deal is expected to be signed shortly.

Under the agreement, the Indian Navy will receive 22 single-seat and four twin-seat aircraft.

Tensions are escalating between members of the US President Donald Trump’s administration. Elon Musk, the chief of Department of Government Efficiency (DOGE), has criticised Peter Navarro, a White House advisor for Trump for the ‘aggressive’ tariff strategy announced by the President.

According to a Washington Post report, Musk tried making direct appeals to Trump, a move that has not brought any success so far, as the President threatened China with additional 50 per cent tariffs.

A White House official has confirmed that the US will enforce a 104 per cent tariff on China beginning at 12:01 am ET (0401 GMT) on Wednesday (April 8), according to a report by Reuters.

This marks a major escalation in the ongoing trade tensions between the US and China, as the Trump administration aims to address what it perceives as unfair trade practices.

Jio Financial Services share price gained nearly 5 per cent on the BSE in Tuesday's market session after the financial services arm of the Mukesh Ambani-owned Reliance Industries ventured in the loans against securities market.

During the intraday session, Jio Financial shares hit a high of ₹223.95 per share, up 4.8 per cent on the BSE, as against a 1,500-point (2 per cent) surge in the benchmark BSE Sensex index.

Prime Minister Narendra Modi will continue to lead the country even beyond 2029 and there is no question of discussing a successor, Maharashtra Chief Minister Devendra Fadnavis said on Tuesday.

Fadnavis' assertion comes in response to Shiv Sena (UBT) leader Sanjay Raut's claim last month that Modi had visited Rashtriya Swayamsevak Sangh headquarters in Nagpur to convey the message that he is retiring.

Metals and mining sector player Vedanta has topped the list of large-cap stocks with the highest dividend yields, according to a report released by domestic brokerage firm Axis Securities. The list includes 15 large-cap companies that have generated the highest dividend yields over the past 12 months.

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