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Shares of affected companies reacted positively, including Europe's luxury brands from LVMH to Hermes and Italian luxury outerwear group Moncler, all of which rose after the ruling

Donald Trump, Trump

Reuters

UK says its lowest reciprocal tariffs and close ties will safeguard its privileged trade position with the US after the Supreme Court strikes down Trump's sweeping tariffs

Donald Trump

Yields rose broadly following the court's decision with the rate on the benchmark 10-year note climbing to 4.10%

The US Supreme Court in Washington, DC

Business Standard

The ruling came weeks after India and the US issued a joint statement towards an interim trade agreement on February 7 stating the contours of the deal

Agencies

Trump's remarks came after the US Supreme Court ruled that he could not rely on the International Emergency Economic Powers Act to impose sweeping tariffs on imports

GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal

US supreme court

The Pre-Series C round saw the participation of investors like Z47, RTP Global, and Fundamentum Partnership

Stable Money (Image: Company website)

Here are the best of Business Standard's opinion pieces for today

liberals, American democracy, United States

The Trump family company has filed to trademark the use of the president's name on airports but says it doesn't plan on charging a fee - at least for a proposed renaming of one near his Florida home.
Applications filed by the Trump Organization with the federal trademark office are seeking exclusive rights to use the president's name on airports and dozens of related things found there, from buses shuttling passengers to umbrellas and travel bags to flight suits. The filings come amid debate in Florida over a state bill to name the Palm Beach airport after Trump and a dispute over funding of a tunnel between New York and New Jersey that is tied up with proposals that both it and Dulles International Airport in Virginia bear his name.
The Trump Organization said that the applications were triggered by the Florida bill and that it didn't seek any profit - only protection against "bad actors" given that the Trump name is the "most infringed trademark in the world."
"To be clear, the ..

Press Trust of India

India AI Impact Summit 2026: Some of the key speakers today include Sundar Pichai, Aadit Palicha, Kiran Mazumdar-Shaw and Dario Amodei

India AI Impact Summit, AI Summit

Congress leader Rahul Gandhi on Wednesday dubbed the AI Summit a "disorganised PR spectacle" and alleged that Chinese products are being showcased there.
"Instead of leveraging India's talent and data, the AI summit is a disorganised PR spectacle - Indian data up for sale, Chinese products showcased," Gandhi said in a post on X.
The former Congress president's remarks came amid a controversy over Galgotias University allegedly showcasing a robotic dog labelled "Orion" at the AI Summit expo that critics said was actually a Chinese-made Unitree Go2 and not an in-house innovation.
According to sources, Galgotias University has been asked to vacate ts stall at the AI Summit Expo immediately.
Gandhi also tagged a post of the Congress which alleged, "The Modi government has made a laughing stock of India globally, with regard to AI. "
In the ongoing AI summit, Chinese robots are being displayed as our own, he charged.
"The Chinese media has mocked us. This is truly embarrassing for ...

Rahul Gandhi, Rahul, Congress leader

Day 5 of the India-AI Impact Summit in New Delhi focused on global partnerships, semiconductor supply chains, AI sovereignty, and workforce transition.

India is set to induct its third nuclear-powered ballistic missile submarine, INS Aridhaman.

Day 4 of the India-AI Impact Summit in New Delhi focused on governance, investments, sovereign AI development, and global cooperation.

JioHotstar and OpenAI have announced a partnership to introduce ChatGPT-powered multilingual voice discovery on the streaming platform.