Bihar NDA in Turmoil? Kushwaha Fumes Over Seat-Share, BJP Holds Midnight Talks

Business Today: Trade War Fears Roil Markets; US Calls India An 'Ally' Against China's Economy

This special report covers the major market-moving news, including the controversy over Foxconn's alleged investment in Tamil Nadu, rising US-China trade tensions, and the IMF's latest forecast for India. The US Treasury Secretary has accused Beijing of 'pointing a bazooka at the free world supply chain and industrial base', and stated that he expects to get 'substantial support from allies like India'. The program also delves into the stock market's reaction, with significant interest in PSU banks and IT stocks following strong earnings reports from companies like Persistent and Thyrocare. Meanwhile, the Tamil Nadu government is facing embarrassment after electronics giant Foxconn denied making any fresh investment commitment of ₹15,000 crore, a day after the state's Industries Minister, Dr. T.R.B. Rajaa, had announced the deal. The IMF has provided a bright spot, raising India's growth forecast for 2025 to 6.6 percent, confirming its status as the world's fastest-growing major economy.