JPMorgan CEO Jamie Dimon warned that tariffs imposed by US President Donald Trump "will likely increase inflation". "Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth," he said. "The quicker this issue is resolved, the better because some of the negative effects...would be hard to reverse," he added.

British Prime Minister Keir Starmer said on Monday that the UK will only strike a trade deal with US if it's in the UK's "national interest". Starmer stated that the recent tariffs imposed by US on UK would pose a "huge challenge" for the country's future. He further said that his priority was "strength abroad, security and renewal at home."

The Nifty IT index jumped roughly 2% in the early trade on Tuesday as the broader indices also recorded a surge. Infosys, Coforge and Persistent Systems emerged as the top gainers. This comes a day after the index tanked 2.5% as the global markets crashed in response to US President Donald Trump's reciprocal tariffs.

JP Morgan CEO Jamie Dimon has warned that recent tariff measures announced by US President Donald Trump may spark inflation and lead to recession in the country. He also suggested that US should bring nonaligned nations like India and Brazil "closer by simply extending a friendly hand with trade and investment". US imposed a 26% reciprocal tariff on India.

A woman applying for accounting jobs took to social media and claimed that the recruiter asked her, "Tell us what "Family" means to you." The woman posted, "I am not sure if they're asking personal or professional family." "Just answer: 'irrelevant to the position'," a person suggested, while another said, "They could be fishing for ways to discriminate...without actually asking."

After markets crashed globally due to tariffs imposed by US President Donald Trump, Congress leader Rahul Gandhi said, "Trump has blown the lid off the illusion." "Reality is biting back. PM Narendra Modi is nowhere to be seen," Rahul added. "India has to accept reality. We've no choice but to build...a resilient, production-based economy that works for...all Indians," he stated.

The Sensex shot up more than 800 points at the open and was trading above 74,000 on Tuesday, a day after closing over 2,200 points lower. All the top 30 Sensex stocks were trading in green at the opening on Tuesday, with Titan jumping 4% and Tata Steel 3.74%. Nifty was up 285 points at 22,446.75.

Indonesia's main stock market index crashed by more than 9% in the early trade on Tuesday, triggering a 30-minute trading halt. The country's currency rupiah also fell 1.8% to a record low of 16,850 per dollar. Global markets tanked on Monday after US President Donald Trump imposed reciprocal tariffs on multiple countries.

US President Donald Trump's supporter and billionaire hedge fund manager Bill Ackman criticised him over his reciprocal tariffs, saying they are essentially "a global economic war against the whole world". "We're heading for a self-induced, economic nuclear winter," said Ackman and urged a 90-day tariff pause to renegotiate unfair deals. Investments and consumer spending will slow down, he warned.

China has called US President Donald Trump's threat of imposing an additional 50% tariff if China doesn't withdraw 34% retaliatory tariffs on US goods "blackmail". "The US side's threat to escalate tariffs against China is a mistake on top of a mistake," China said. "If US insists on having its way...China will fight to the end," Chinese commerce ministry said.