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.

French technology brand Alcatel has earmarked an initial investment of $30 million, about Rs 260 crore, as it gears up to re-enter India's mobile phone market after seven years with plans to sell locally-made smartphones, a senior official of the company said.

Alcatel's business is operated by Chinese firm TCL Communication under a trademark licence agreement from Nokia.

The Supreme Court on Tuesday stayed the Calcutta High Court's order directing a Central Bureau of Investigation (CBI) probe into the West Bengal government's decision to create supernumerary posts in the School Service Commission (SSC) recruitment process.

This decision provides temporary relief to the state administration, which had faced scrutiny over alleged irregularities in the appointment of teaching and non-teaching staff in state-run schools.

China has vowed to retaliate with higher tariffs following US President Donald Trump’s latest threat to impose additional duties, Bloomberg reported on Tuesday.

The statement came a day after Trump warned China he would impose an additional 50 per cent tariff if Beijing persisted with its current 34 per cent retaliatory tariffs.

Fugitive liquor baron Vijay Mallya has claimed that Indian banks have got access to his properties worth Rs 14,131.6 crore, more than twice the amount that he owed to public sector banks.

Mallya cited purported reference to the details of restoration done by the Enforcement Directorate against wilful defaulters in the Finance Ministry's annual report 2024-25 to say that banks have already recovered Rs 14,131.8 crore against Rs 6,203 crore awarded by the Debt Recovery Tribunal.

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