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Trump to Freeze $2 Billion After Harvard Refuses Demands

Financial Express Lucknow

|

April 16, 2025

The Trump administration acted quickly on Tuesday to punish Harvard University after it refused to comply with a list of demands from the federal government that the school said were unlawful.

- THE NEW YORK TIMES

On Monday afternoon, Harvard became the first university to refuse to comply with the administration's requirements, setting up a showdown between the federal government and the nation's wealthiest university.

By the evening, federal officials said they would freeze $2.2 billion in multiyear grants to Harvard, along with a $60 million contract.

Other universities have pushed back against the administration's interference in higher education. But Harvard's response, which called the Trump administration's demands illegal, marked a major shift in tone for the nation's most influential school, which has been criticized in recent weeks for capitulating to Trump administration pressure.

MEER VERHALEN VAN Financial Express Lucknow

Financial Express Lucknow

New steel scrap policy in the works

THE GOVERNMENT IS finalising a national steel scrap recycling policy, replacing the existing 2019 guidelines, to align it with changing dynamics of the industry arising out of domestic compulsions and commitments, and emerging international developments.

time to read

1 min

January 21, 2026

Financial Express Lucknow

PhonePe gets Sebi nod, eyes listing by April

WALMART-OWNED PHONEPE HAS received approval from the Securities and Exchange Board of India (Sebi) to go ahead with its IPO, sources close to the matter said.

time to read

1 min

January 21, 2026

Financial Express Lucknow

Markets log worst day in 8 months on weak earnings

INVESTOR WEALTH ERODES ALMOST ₹10 LAKH CRORE

time to read

1 min

January 21, 2026

Financial Express Lucknow

The shift from SEO to GEO

HOW AI IS REWRITING THE RULES OF SEARCH

time to read

2 mins

January 21, 2026

Financial Express Lucknow

Recalibration of tax regime may attract larger share of global capital

THE INDIAN CAPITAL market has been at the crossroads in recent times.

time to read

3 mins

January 21, 2026

Financial Express Lucknow

Consumption, imports of fertilisers surge; domestic output drops

WHILE THE GOVERNMENT is aiming to cut urea and diammonium phosphate (DAP) consumption through introduction of nano-variants, sales and imports of varieties of fertilisers have surged significantly, trade sources said.

time to read

2 mins

January 21, 2026

Financial Express Lucknow

No flight cancellations after Feb 10: IndiGo to regulator

ON THE RADAR

time to read

1 min

January 21, 2026

Financial Express Lucknow

FPIs take small bites of IT, durables in December

Better valuations providing some comfort in pockets

time to read

2 mins

January 21, 2026

Financial Express Lucknow

Banks to seek RBI’s approval for longer bulk deposits

BANKS WILL APPROACH the Reserve Bank of India (RBI) for approval to raise bulk deposits for up to three years compared to the current one year cap, three sources said on Tuesday.

time to read

1 min

January 21, 2026

Financial Express Lucknow

Tax sops, restoring indexation among Amfi Budget wish list

THE ASSOCIATION OF Mutual Funds in India (Amfi) has sought restoration of indexation for debt funds and granting capital gains tax exemptions for holding equity-oriented schemes for long-term in the Budget.

time to read

2 mins

January 21, 2026

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