Top 10 Business And Policy Stories: Markets Reel From IT Sell-Off, Tariff Shockwaves And Boardroom Uncertainty

Markets today are navigating a mix of boardroom suspense, global tariff tensions and a renewed debate around artificial intelligence. From sharp swings in Indian equities to fresh trade uncertainty in the United States, policy and corporate developments are shaping investor sentiment across the board.

Here are the top 10 stories driving business and policy conversations.

1. Tata Sons Defers Decision On N Chandrasekaran’s Extension​

Tata Sons has deferred a decision on extending the term of Chairman Natarajan Chandrasekaran following its board meeting on Tuesday.

Sources indicate that the matter has now been pushed to the next board meeting scheduled in June, prolonging speculation around leadership continuity at the salt to software conglomerate.

2. IT Stocks May Have Priced In Excessive AI Risk​

Analysts at Kotak Institutional Equities believe the sharp correction in IT stocks may be overdone.

According to Kawaljeet Saluja, Senior Executive Director and Head of Research at the brokerage, valuations now reflect excessive pessimism around artificial intelligence disrupting traditional IT services.

3. Markets Erase Two-Day Gains As IT Drag Deepens​

Indian equity benchmarks snapped their two-day rebound amid sustained selling in information technology counters.

The BSE Sensex dropped 1,069 points to close at 82,226, while the Nifty 50 declined 288 points to settle at 25,425, slipping below the 25,450 mark.

The sell-off reflects mounting concerns over AI-led disruption and tightening export incentives.

4. Who Is Alap Shah? The Face Of The AI Market Debate​

Alap Shah, co-author of a widely circulated AI-focused macro thought experiment, has emerged at the centre of what traders describe as an “AI scare trade.”

What began as a dense macro framework is now echoing across trading floors and boardrooms, fuelling debate over the long-term implications of artificial intelligence on jobs, profits and economic growth.

5. Trump Signals Higher Tariffs After Supreme Court Ruling​

Donald Trump has moved forward with revised 10 percent global tariffs days after the Supreme Court of the United States ruled his earlier sweeping tariff plan illegal.

He also signaled that tariff rates could be raised to the legally permissible 15 percent, warning countries against attempting to “play games” in response to the court’s decision. The ruling has injected fresh uncertainty into existing and proposed trade agreements.

6. Exporters Face Pressure As RoDTEP Benefits Halved​

India has halved benefits under the RoDTEP scheme through a notification by the Directorate General of Foreign Trade.

The revised framework limits RoDTEP benefits to 50 percent of earlier notified rates and value caps, tightening margins for exporters already grappling with global trade headwinds.

7. ₹16.72 Lakh Crore Asset Monetisation Pipeline 2.0 Announced​

The government has unveiled a ₹16.72 lakh crore Asset Monetisation Pipeline 2.0, outlining disinvestment and equity sale plans for public sector undertakings between FY27 and FY30.

The programme aims to unlock value from state-owned assets and fund infrastructure expansion through stake sales and potential public offerings.

8. Four Years Of Russia Ukraine War​

Four years after Russia’s invasion of Ukraine, Moscow controls about 20 percent of Ukrainian territory.

With combined casualties nearing 1.8 million and front lines largely frozen, the conflict continues to cast a prolonged geopolitical and economic shadow as civilians and soldiers bear mounting human and territorial costs.

9. India To Launch Free HPV Vaccination Drive​

India is preparing a nationwide Human Papillomavirus vaccination campaign that will offer free vaccines to 14-year-old girls.

The initiative is aimed at reducing cervical cancer through preventive healthcare measures on a national scale.

10. Union Cabinet Approves Renaming Of Kerala To Keralam​

The Union Cabinet has approved the renaming of Kerala to Keralam.

The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi at Seva Teerth, the new Prime Minister’s Office complex. The move carries political significance in a poll year.

As markets absorb tariff aftershocks, IT sector volatility and evolving policy signals, investors will be closely tracking both domestic and global developments in the sessions ahead.