US tariffs bite: Equities slump as FPI outflows hit $4 billion; rupee dips to record low

In August, a Crisil report indicated that the U.S.’s 50% tariff hike on Indian imports tightened domestic financial conditions, significantly impacting equity markets. Foreign portfolio investors continued net outflows, particularly in equities, while the rupee weakened against the dollar. Despite these pressures, expectations of GST revisions and potential credit rating upgrades limited market declines.

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Mizoram’s first railway line: PM Modi inaugurates Bairabi–Sairang project

Prime Minister Narendra Modi inaugurated Mizoram’s first railway line, the Bairabi–Sairang broad-gauge project, a significant boost to the state’s connectivity. The project, costing Rs 8,070 crore, features complex engineering, including numerous tunnels and bridges. This new line directly links Aizawl with the Indian railway network, enhancing logistics, tourism, and daily life for residents.

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