Trump's withdrawal of proposed 10% tariffs on European allies sparked global market relief, with Indian markets snapping a three-day losing streak as Sensex gained 398 points. IndiGo reported a 78% drop in Q3 net profit to ₹549 crore despite 7% revenue growth, while PhonePe filed updated IPO papers with SEBI. From Davos, Trump expressed confidence in India-US trade relations, while industry leaders highlighted sectoral challenges including telecom tariff repair and technology automation opportunities.
Trump Withdraws EU Tariff Threat as Indian Markets Rebound; IndiGo Q3 Profit Drops 78%
