Indian shares opened lower due to the Trump administration’s announcement of 25 percent tariffs on Indian imports. The BSE Sensex was down 573 points, with the NSE Nifty also trading lower. Decliners include Bajaj FinServ, ICICI Bank, BEL, HDFC Bank, Power Grid Corp, Trent, Tata Steel, Sun Pharma, and Vodafone Idea. IREDA set a revenue target for FY26, Tata Motors’ scheme of arrangement was approved by NCLT, and IndusInd Bank appointed a new MD and CEO. Paytm approved investments in subsidiaries, while Sai Life Sciences saw a 4 percent drop amid reports of TPG Capital selling its stake.

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