Billionaire businessman Harsh Goenka has criticised the US after President Donald Trump announced that he is increasing the tariff on India from the current 25% to 50%. Taking to X, Goenka said, "You can tariff our exports, but not our sovereignty. Raise your tariffs- we’ll raise our resolve, find better alternatives, and build self-reliance." "India bows to none," he added.

Pakistan failed to fulfil three of the five performance targets set by the International Monetary Fund (IMF) for the upcoming September review of the $7 billion bailout provided to the country. A savings commitment from provinces and two tax collection goals are among the missed targets. The $7 billion loan was approved last year to stabilise Pakistan's struggling economy.

External Affairs Ministry released a statement after US President Donald Trump raised tariff on India to 50%. "It is extremely unfortunate that the US chose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest," it said. "We reiterate that these actions are unfair, unjustified and unreasonable," the ministry added.

Paytm has become 100% Indian-owned after Chinese billionaire Jack Ma-led Alibaba's affiliate Ant Financial exited One97 Communications, the parent company of Paytm. Ant Financial sold its entire 5.84% stake in the fintech company for around ₹3,803 crore through open market transactions. “Paytm is now as Indian as Tata,” a person aware of the development told PTI.

In an order raising tariff on India to 50%, US President Donald Trump threatened to modify the tariff rate and listed some conditions. Trump said he'll modify the order in light of additional information, recommendations from senior officials, or changed circumstances. "Should a foreign country retaliate against US in response to this action, I may modify this order," he added.

Zerodha's Rainmatter has invested in Deepak Shenoy's Capitalmind Financial Services in a Series A funding. This marks the first external institutional funding for Capitalmind. Shenoy said, "Having Rainmatter invest is a powerful validation of our journey." Nithin Kamath said their stake is capped at 10% as per SEBI regulations, adding they won't have a board seat, ensuring independence.

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The FIIs as per Wednesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of ₹16,758.57 crore against gross selling of ₹15,197.26 crore. Thus, FIIs stood as net buyers of ₹1,561.31 crore in equities.