Morning news wrap: Trump-Harvard showdown, India leads market rebound & more

Tensions have escalated between the US government and Harvard University as President Trump has threatened to revoke the institution's tax-exempt status over policy disagreements.
On the domestic front, the Supreme Court is set to hear crucial petitions challenging the Waqf Amendment Act, with advocate Hari Shankar Jain seeking to invalidate several provisions of the 1995 Act.
Indian markets showed remarkable resilience, becoming the first major market to fully recover from recent Trump tariff-induced losses, with the Nifty 50 surging 2.4%.

In sports, Yuzvendra Chahal's bowling performance led Punjab Kings to a memorable victory over Kolkata Knight Riders in the IPL, earning high praise from RJ Mahvash who termed his display as 'asambhav' (impossible).
Here are the top stories for the morning news wrap:

US President Donald Trump has threatened to revoke Harvard University's tax-exempt status, escalating a growing clash between the White House and the prestigious Ivy League institution. The threat follows Harvard's refusal to implement a series of policy changes sought by the Trump administration, which included reforms to hiring practices, admissions policies, and academic curriculum. Read full story

As the Supreme Court prepares to hear a set of petitions on Wednesday challenging the Waqf Amendment Act, advocate Hari Shankar Jain has filed a petition seeking the scrapping of several provisions of the Waqf Act, 1995, and its recent amendments. Jain claims these provisions are being misused by waqfs to illegally accumulate immovable properties across India. Read full story

Indian equities rallied sharply as markets reopened following an extended weekend, with the NSE Nifty 50 Index climbing as much as 2.4% in Mumbai—surpassing its April 2 closing level. According to Bloomberg, this rebound makes India the first major market to fully recover losses triggered by the reciprocal tariffs imposed by US President Donald Trump earlier this month. While broader Asian markets remain down over 3% since the tariff announcements, India’s swift recovery has highlighted its emerging status as a relative safe haven amid continued global market turbulence, the report noted. Read full story

India is likely to receive an ‘above normal’ southwest monsoon this year, the India Meteorological Department (IMD) said in its first forecast for the June-to-September rainy season. A favourable monsoon outlook is crucial for agriculture, as it supports the expansion of Kharif (summer-sown) crop acreage and boosts overall farm production. Read full story

Yuzvendra Chahal once again showed why he’s among the most dangerous spinners in IPL history, delivering a game-changing performance as Punjab Kings (PBKS) pulled off a dramatic win over Kolkata Knight Riders (KKR) in Mullanpur on Tuesday. Following his impressive four-wicket haul, popular radio jockey and social media influencer RJ Mahvash praised him on Instagram, writing, “What a talented man! Highest wicket-taker in IPL for a reasonnnn!!! ASAMBHAV!”Read full story