Thu Apr 17 18:40:00 UTC 2025: ## Trump’s Shipbuilding Ambitions, India’s Trade Deficit, and Other Top News

**New Delhi, [Date]** – A flurry of international headlines dominates today’s news cycle. Former US President Donald Trump’s push to revitalize the American shipbuilding industry, despite its current minuscule market share (0.1%), is facing questions of feasibility. Meanwhile, India grapples with a widening trade deficit, prompting comparisons to the US-China trade war under Trump’s presidency. Concerns over corporate governance are raised regarding Gensol and IndusInd, while the sporting world watches to see if Reliance’s football league (ISL) can replicate the success of its cricket counterpart (IPL).

Other key developments include:

* **Financial troubles:** IDBI Bank is reportedly reeling from ten willful loan defaults totaling INR10,000 crore.
* **Geopolitical tensions:** Trump’s reported blocking of an Israeli plan to strike Iran adds to regional anxieties, exacerbated by warnings that Iran could assemble a nuclear bomb at any time.
* **Legal battles:** The Supreme Court of India blocked changes to Waqf properties, while California is suing Trump over tariffs enacted under the International Emergency Economic Powers Act (IEEPA).
* **Political clashes:** West Bengal Chief Minister Mamata Banerjee’s recent speech drew attention for its criticism of Indian Prime Minister Narendra Modi and a boycott call regarding Waqf. Meanwhile, a dispute between Trump and Harvard University is escalating.
* **Other news:** A Maryland man was wrongly deported, prompting a denial from El Salvador, and Pakistan’s army chief made anti-India remarks. Finally, a stock market analysis suggests LIC Housing Finance may be bottoming out after a significant price drop.

For more detailed coverage and breaking news updates, download the Economic Times News App.

Read More