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Trump tariffs take effect Friday: 5 key imports face steep hikes; economic fallout looms for US

The US plans to impose higher tariffs on several major trading partners starting Friday unless new agreements are reached with President Donald Trump- raising concerns over rising consumer prices and economic strain. Financial experts warn the proposed tariffs, which must be paid by importers of foreign goods, will likely increase operating costs and reduce household…

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AIF norms tightened: RBI caps bank, NBFC investment in AIF schemes at 10%; collective limit set at 20% of corpus

The Reserve Bank of India has capped investment by any single regulated entity—such as banks, NBFCs, or All-India Financial Institutions—at 10% of the corpus of any Alternative Investment Fund (AIF) scheme. The move is part of the central bank’s updated Investment in AIF Directions, 2025, issued Tuesday.Additionally, total contributions by all regulated entities (REs) in…

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NCLT admits BluSmart Mobility into insolvency

BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP).BluSmart, once a high‑profile player…

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