The Central Government has released over ₹4,200 crore to Andhra Pradesh for Amaravati Capital Development project after it (centre) received the first disbursement of $205 million from the World Bank, a senior official has said.

The World Bank and Asian Development Bank (ADB) together committed to fund $1600 Million (₹13,600 crore), $800 Million each, for Amaravati capital city phase-I development, while the Centre will be contributing remaining ₹1,400 crore, out of the ₹15,000 crore committed by the Central Government for phase-I of the development.

Bill Ackman and Stanley Druckenmiller condemned President Donald Trump’s decision to launch expansive global tariffs, which have plunged markets into chaos.

The new trade regime is a “mistake,” said Ackman, the founder of Pershing Square and vocal Trump supporter, in a post on X. Druckenmiller, the former George Soros protégé and longtime deficit hawk, also took to the platform to write a rare post expanding on criticisms he made of the policies from an interview in January.

Union Home Minister Amit Shah on Saturday said Naxals would not be able to stop the development of tribals in Chhattisgarh's Bastar region and urged them to lay down arms while asserting that nobody is happy when they are killed.

Addressing the closing ceremony of the state government's 'Bastar Pandum' festival, Shah reiterated that the government is committed to eliminating the Naxal menace by March 2026, adding that those who surrender will become part of the mainstream while the rest will be taken on by security forces.

Tata Group’s financial services arm, Tata Capital, has submitted a confidential pre-filing for its initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The move is part of the group's strategy to list its financial arm while safeguarding sensitive business information, Moneycontrol reported on Friday citing sources.

US President Donald Trump on Friday lashed out at Beijing, declaring that China "played it wrong" after the Asian economic giant responded to new US tariffs by imposing an additional 34 per cent duty on American products.

According to China’s finance ministry, these retaliatory tariffs will go into effect on April 10. Trump reiterated his criticism on his social media platform Truth Social: "CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!"

West Bengal Leader of Opposition Suvendu Adhikari has alleged that police, under Chief Minister Mamata Banerjee's rule, are preventing people from celebrating Ram Navami. He added that the Mamata Banerjee-led West Bengal government has forced them to go to the High Court and Supreme Court regarding every issue.

Ahead of the BJP's upcoming internal polls in Tamil Nadu, state party chief K Annamalai on Friday announced that 'he is not in the race' to become the next state unit chief.

"There is no contest in Tamil Nadu BJP; we will select a leader unanimously. But I am not in the race. I am not in the BJP state leadership race," Annamalai said while speaking to reporters here today.

China has announced a fresh 34 per cent tariff on all US goods, effective April 10, in direct retaliation to President Donald Trump’s latest wave of trade duties. The announcement, made by China’s Finance Ministry on Friday, marks a sharp escalation in the ongoing trade standoff between the world’s two largest economies.

In a parallel move, China will also impose export controls on several key medium and heavy rare-earth elements, such as samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, starting April 4.

Congress general secretary in charge of communications, Jairam Ramesh, on Friday announced that the party would soon move the Supreme Court to challenge the constitutionality of the Waqf Amendment Bill. The Bill was tabled and passed in the Rajya Sabha in the early hours of Friday.

Taking to X, he wrote, “The INC will very soon be challenging in the Supreme Court the constitutionality of the Wakf (Amendment) Bill, 2024. We are confident and will continue to resist all assaults of the Modi Govt on the principles, provisions, and practices that are contained in the Constitution of India.”

Nifty Pharma index slipped 4.2 per cent, logging an intra-day low at 20,521.70. The fall came amid reports that US President Donald Trump is looking for possible tariffs on pharmaceutical goods.

Around 10:01 AM, all 20 Nifty Pharma constituents traded in the red. Among others, Aurobindo Pharma was down 6.25 per cent, Ipca Laboratories slipped 5.59 per cent, Lupin 5.35 per cent, Laurus Labs and Biocon were down 5.05 per cent each.

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