U.S. President Donald Trump struck a protectionist tone in his inauguration speech, offsetting optimism that he will follow through on promises of tax cuts and other stimulus.

Cyrus Mistry will be one among many whom Chandrasekaran will have to deal with, at least, in the initial days, including Ratan Tata, Nusli Wadia, retail shareholders, whistle blowers and even British Prime Minister Theresa May.

Donald Trump signed an order on the Affordable Care Act that urged government departments to \"waive, defer, grant exemptions from, or delay the implementation\" of provisions that imposed fiscal burdens on states, companies or individuals.

Donald Trump took power as the 45th president of the United States on Friday and pledged to end what he called an \"American carnage\" of rusted factories and crime in an inaugural address that was a populist and nationalist rallying cry.

The year 2017 will be a year to watch. Not because I expect some watershed event to happen, but because of what happened in 2016. The last year was eventful to say the least both within India and outside.

A Budget is essentially an instrument of fiscal policy of the state but it provides an opportunity to read the policy announcements of the government alongside facts and figures, as represented in the budget statements. Consistency is cardinal to policy.

Such action is rare for Japan. The world's second-biggest steel producer typically tries to smooth disputes quietly through bilateral talks, but with global trade friction increasing, Japan's defense of an industry that sells nearly half of its products overseas is getting more vigorous.

NSE Nifty too cracked below the key 8,400-mark. Banking stocks felt the pinch, and global leads failed to pick up either. After a lower start, the Sensex stayed in the negative space throughout and closed down 274.10 points, or 1 per cent, at 27,034.50, a level last seen on January 10.

The Indian market opened on the downside shedding almost 81 points to 27,227.78 in early trade over lacklustre Asian cues and nervous investors awaiting Donald Trump's takeover as US President.

Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year.

Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year.

Reserve Bank of India Governor met the panel on finance to answer questions about the Nov. 8 abolition of 500- and 1,000.

It is the season of change and worry. A new avowedly protectionist administration will be sworn in on 20 January, when Donald Trump takes oath as the 45th President of the United States.

India's economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi's ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.

Growing military ambitions in the Asia-Pacific are creating security risks, Prime Minister Narendra Modi said on Tuesday in a coded message to China to exercise strategic restraint.

Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar.

UK Prime Minister Theresa May on Tuesday said the UK will be leaving the European Union single market within two years, but implementation of any Brexit deal would be 'phased' to avoid a \"cliff edge\", while revealing that talks on new trade deals with countries like India are in the works.

Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union, which traders fear will see Britain lose access to the bloc's single market.

Sterling slid to three-month lows in Asia on Monday with investors again spooked by concerns over Britain's exit from the European Union, while US policy uncertainty lingered ahead of President-elect Donald Trump's inauguration.