Two groups of small businesses are challenging Donald Trump’s latest tariffs in court. These new levies target goods from sixty trading partners and cover nearly all US imports. Businesses argue the administration failed to justify these measures against individual economies. They contend the tariffs replace previous worldwide duties struck down by the Supreme Court. Legal
A federal appeals court refused to lift a ruling blocking a $100,000 H-1B visa fee. The court left in place a decision finding the fee unlawful while the government challenges it. Democratic attorneys general argued the administration created a new tax without congressional approval. A district judge agreed, ruling the fee exceeded executive branch authority.
Wall Street saw some relief as oil prices fell, but weekly losses continued. Investors weighed geopolitical tensions, new US tariffs, and the Federal Reserve’s policy outlook. Major indices like the S&P 500 and Dow Jones Industrial Average posted gains on Friday. However, losses in technology firms like Micron and Broadcom capped broader market advances. Concerns
The Union cabinet approved a Rs 1,264-crore railway project for new lines. This initiative will enhance freight movement and passenger connectivity across key states. The project aims to ease congestion and improve logistics efficiency significantly. Additional rail capacity will facilitate smoother movement of passengers and goods. This expansion is scheduled for completion by 2028-29.
The Union cabinet approved a new Rs 3,030-crore scheme for three dedicated chemical parks. This initiative aims to strengthen India’s chemicals sector with world-class infrastructure. The Bharat Audyogik Vikas Yojana Rasayan scheme will be implemented over five years. The Centre will provide up to Rs 1,000 crore grant for each park. This plan seeks to
Indian stock markets closed lower for a fifth consecutive session on Friday. Rising oil prices and Middle East tensions fueled investor caution and market pressure. Foreign institutional investors continued their selling trend, impacting market sentiment negatively. Renewed concerns over US trade tariffs also contributed to the overall market decline. Selling in heavyweight stocks like Infosys
US Trade Representative Jamieson Greer announced the revised tariffs on 60 economies on Thursday, one day before the expiry of the temporary additional 10% duties that had been imposed on imports from all countries.
