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Waaree Energies shares declined following a U.S. customs investigation into potential tariff evasion. The probe centers on allegations that the company mislabeled Chinese-made solar cells and panels as Indian products to avoid U.S. duties. This investigation, prompted by concerns from the American Alliance for Solar Manufacturing Trade Committee, could significantly impact Indian solar exports.

Indian stock markets declined on Friday, extending losses for the sixth consecutive session, primarily driven by a sell-off in pharmaceutical stocks. This downturn followed U.S. President Donald Trump s announcement of new tariffs, including a 100% levy on branded drugs and 25% on heavy-duty trucks, impacting market sentiment and broader indices.

Ather Energy shares: The EV maker said supply chain disruptions from China’s rare earth export curbs forced temporary changes in its motor production. The company has sought a waiver from the Ministry of Heavy Industries on domestic magnet fitment rules and delayed demand incentive claims worth ₹26.25 crore.

South Korea plans 24-hour currency trading to boost foreign investor access and improve MSCI status, but the won faces pressure amid stalled U.S. trade talks and market uncertainty.

Donald Trump has announced sweeping tariffs effective October 1, including 25% on heavy-duty trucks, 100% on branded drugs, 50% on kitchen cabinets and vanities, and 30% on upholstered furniture — a move that has stoked global trade tensions.

India is set for a consumption boost of Rs 3 lakh crore. GST and income tax cuts, along with RBI s rate reductions, will fuel this surge. Experts predict a Lollapalooza effect impacting consumption-linked sectors. Rural demand is recovering, and urban areas will benefit from tax cuts. Discretionary spending is expected to rise.

BMW Ventures’ Rs 231.66 crore IPO saw 22% subscription by the end of Day 2, with retail investors leading. The IPO comprises a fresh issue of 2.34 crore equity shares worth Rs 231.66 crore. Proceeds will fund working capital and corporate purposes, while the company leverages a strong dealer network across Bihar for growth.

Tata Motors stock has remained stagnant despite GST benefits boosting domestic auto companies. With Jaguar Land Rover (JLR) contributing 70% to revenue, Tata Motors gains less from Indian tax cuts. A recent cyberattack disrupting JLR s production and potential £2 billion financial impact further dampen investor sentiment.

Fed official Stephen Miran urges steep U.S. rate cuts to 2%, arguing tariffs aren’t inflationary. Other policymakers stress caution, highlighting stable labor conditions and data-driven decisions for future monetary policy.