American lawmakers have introduced a legislation that would restrict the sale of advanced semiconductor manufacturing equipment to China as the country attempts to slow Beijing’s artificial intelligence (AI) ambitions, a report has said. The bill, introduced in the House of Representatives on Thursday (April 2), targets the highly specialised machines used to make sophisticated chips...Read More

President Donald Trump has ordered 100% tariffs on branded and patented drug imports to force pharmaceutical giants to shift manufacturing to America or agree to domestic price cuts, sparing India’s generic exports while hitting targeted competitors. Foreign companies avoiding full 100% duty can opt for 20% reduced rate during US plant construction phase. Total compliance...Read More

Bajaj Auto Limited reported a 20 percent year-on-year increase in total sales for March 2026, with volumes reaching 4,45,377 units compared to 3,69,823 units in March 2025, according to a company press release.  The growth was driven by both domestic and export markets. Domestic sales stood at 2,66,290 units last month, marking a 20 percent...Read More

New Delhi: The government on Thursday exempted customs duty on select critical petrochemical products for three months till June 30, aiming to cushion domestic industries from supply disruptions triggered by the ongoing West Asia conflict. Describing the move as a “temporary and targeted relief”, the Finance Ministry said it will help ensure availability of key...Read More

Global Demand Shifts Boost Indian Shipyards The global maritime industry is seeing a major shift as international shipping firms and navies seek to diversify procurement away from China and South Korea. This is creating significant opportunities for Indian shipyards. Maritime and defense exports already reached ₹23,622 crore in FY25, with a target of ₹50,000 crore...Read More

US President Donald Trump on Thursday (April 2) signed an executive order imposing sweeping new tariffs on imported branded pharmaceuticals, marking a major escalation in his administration’s efforts to reduce drug prices and boost domestic manufacturing. Under the order, a 100% tariff will be applied to branded pharmaceutical imports unless manufacturers agree to government-backed pricing...Read More