India's central bank will cut rates three more times this year by 75 basis points as the economy's growth outlook worsens due to import tariffs imposed by the United States, according to Citibank economists.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura.

Hindustan Power on Thursday said it has secured a 425 MW solar project from Uttar Pradesh Power Corporation Limited (UPPCL).

The Letter of Award (LoA) was issued by UPPCL following a competitive e-reverse auction, Hindustan Power said in a statement.

The Indian gems and jewellery industry expects US President Donald Trump’s decision to impose a 27 per cent tariff on imports from the country will be a “significant burden” and complicate the task of sustaining annual exports worth $10 billion to the US market.

The US earlier imposed no duty on imported cut and polished diamonds and rough lab-grown diamonds, 7 per cent duty on plain gold jewellery, 5.50 per cent on studded gold jewellery, and 5.5 per cent duty on platinum jewellery.

Congress leader Sonia Gandhi strongly opposed the recently passed Waqf (Amendment) Bill, calling it a “brazen assault” on the Constitution. She spoke at the Congress Parliamentary Party (CPP) meeting in Delhi’s Samvidhan Sadan on Thursday.

“Yesterday, the Waqf Amendment Bill, 2025, was passed in the Lok Sabha, and today it is scheduled for the Rajya Sabha. The bill was, in effect, bulldozed through. Our party’s position is clear—the bill is a brazen assault on the Constitution itself. It is part of the BJP’s deliberate strategy to keep our society in a state of permanent polarisation,” she said.

The Indian government is evaluating the economic impact of a 27 per cent reciprocal tariff imposed by the United States, a senior official from the commerce ministry confirmed with PTI on Thursday. The move, announced by US President Donald Trump, is part of a broader tariff policy targeting countries that impose higher duties on American exports.

The Supreme Court on Thursday reserved its verdict on pleas raising the issue of alleged delay by the Telangana Assembly speaker in deciding on petitions seeking disqualification of some BRS MLAs who had defected to the Congress.

A bench of Justices B R Gavai and Augustine George Masih reserved the verdict after hearing submissions from the parties.

US President Donald Trump on Thursday (IST) announced reciprocal tariffs on all imports from India and other nations, calling the move “kind reciprocal." Calling India’s tariffs “very, very tough," Trump said he was imposing 27 per cent tariffs on all imports from India — half of what India imposes on US products.

In his address titled 'Make America Wealthy Again' at the White House, Trump recalled Prime Minister Narendra Modi’s recent visit to the US.

Congress MP K Suresh on Wednesday said that the INDIA bloc is against the Waqf Amendment Bill and will oppose it in the parliament.

"The entire opposition is against this bill. Our members in the Joint Parliamentary Committee have also decided to oppose this bill. Yesterday, the INDIA bloc leaders unanimously decided to oppose this Waqf amendment bill," K Suresh said.

India's Manufacturing Purchasing Managers’ Index (PMI) rose to 58.1 in March 2025, up from 56.3 in February, according to data released by HSBC and compiled by S&P Global on Wednesday. The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest, favourable demand conditions, and successful marketing initiatives.

Congress MP Manish Tewari submitted an adjournment motion notice in the Lok Sabha on Wednesday, calling for a discussion on the revocation of student visas of Indian nationals by US authorities.

In his adjournment motion notice, Tewari has called for the suspension of Zero Hour, Question Hour, and other scheduled business of the day to discuss the issue, which he describes as a matter of "urgent public importance."

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