India Financial News

Subscribe to enjoy similar stories. IF YOU failed to spot America being “looted, pillaged, raped and plundered by nations near and far" or it being cruelly denied a “turn to prosper", then congratulations: you have a firmer grip on reality than the president of the United States. It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy.

Subscribe to enjoy similar stories. Financial crises come in all shapes and sizes—and occasionally as part of rescue packages. The International Monetary Fund’s austerity package after the 1997 Asian foreign exchange crisis sent many South-East Asian nations reeling, giving rise to multiple unintended consequences.

Subscribe to enjoy similar stories. MUMBAI : It’s a particularly tough time for employees. The job market is dragging its feet, and global cues offer little reassurance.

Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on nearly all US trade partners on Wednesday, including a 26% tariff on India. Meanwhile, the government offered another lifeline to debt-ridden Vodafone Idea by converting some of the company's dues into equity.

cut-off yield coming at 6.49%, in line with market levels, traders said. Falling US yields increased the appeal of Indian bonds, where yields of the 10-year benchmark closed at 6.46%, three basis points below its previous closing, CCIL data showed.

Indian equities were swamped by a wave of selling that swept riskier assets globally on Friday, tracking Wall Street's overnight slump-the worst since 2020-in response to US President Donald Trump's reciprocal tariff regime that has led to fears about a global downturn. NSE Nifty fell 1.5%, or 345.65 points, to finish at 22,904.45. BSE Sensex dropped 1.2%, or 930.67 points, to 75,364.69. The slump wiped out ₹10 lakh crore in market value Friday.

Indian rupee appreciated past the 85/$1 mark to touch a four-month high of 84.96, before closing at 85.23 on Friday, 20 paise stronger from its previous close of 85.43. The unit weakened in the latter half of the day due to corporate hedging demand and a slight uptick in the dollar index. The Reserve Bank of India (RBI) likely absorbed dollars as the rupee appreciated past the 85/$1 mark, traders said.

tariff war between the US and China led to a sharp downturn. The Nifty Metal index plunged 6.6%-its worst day since the announcement of general election results in June 2024.

Subscribe to enjoy similar stories. New Delhi: In the immediate aftermath of the new US tariffs, India’s response has been twofold: to seek new opportunities in the changing world order, and re-evaluate its manufacturing strategy.

The announcement by the seven-time all-star was made on Instagram on Friday, claiming that her body seemed to have made this decision «before my mind accepted it,» ESPN reported.

University of Ottawa, said that patients incurring catastrophic costs are two to four times more likely to experience treatment failure. Therefore, mitigating treatment costs will not only benefit individuals, but also health systems and communities at large, they said. Tuberculosis is a bacterial disease that spreads through the air when an infected person coughs or sneezes. Symptoms include a persistent cough, chest pain, fever, fatigue, among others. Findings, published in the journal PLOS Global Public Health, also showed that costs were consistently higher among patients having drug resistant tuberculosis and those identified through 'passive case finding'. The researchers suggested that actively finding cases, along with improving access to tests for drug resistant tuberculosis, may help mitigate the burden of out-of-pocket expenditures incurred by patients.

In the core Male 15+ ABC audience segment, the tournament reached 109 million viewers. The average TVR-a combination of reach and time spent-stood at 4.34 TVR for the MF 2+ category and 5.4 TVR for the male 15+ ABC segment. With a TVR of 6.4, this season has recorded the highest-ever rating for a 74-match format among male 15+ AB audiences in urban India excluding Covid-19 years of 2020 and 2021. Watch time touched 65 billion minutes for 2+ All India TG, making it the highest in IPL history, including the Covid-19 years. Further, the live reach for this target group touched 319 million unique viewers, the second-highest ever, while high definition (HD) reach soared to 47 million, marking a 30% increase compared to IPL 2024. Engagement levels also hit a record high, with an average time spent of 70 minutes per user, reflecting a 6% increase from the previous season.

Piyush Goyal on Friday accused Congress of misleading Indian startups by misinterpreting his message at the Startup Mahakumbh, which was taken positively by the budding entrepreneurs. He also alleged that the Congress ecosystem did not understand his message for startups, which is a reflection of their negative approach. «My message for startups has been received (positively) except by some Congress party (social media) handles who are hell-bent on manufacturing a controversy when it is none. By and large, the feedback that I have received is that the young Indians are ready to capture the world,» he told reporters here. The minister's remark came in the backdrop of the Congress and some startups criticising his statement at Startup Mahakumbh here on Thursday.

Rugby Premier League (RPL), a franchise-based league introduced by Rugby India in collaboration with GMR Sports. GMR Sports holds the commercial rights to the RPL.

Lok Sabha adjourned sine die on Friday amid government-Opposition sparring, with Speaker Om Birla criticising Sonia Gandhi's statement that the Waqf Bill was «bulldozed through» even as the Congress leadership said it would petition the Supreme Court, questioning the constitutionality of the Waqf (Amendment) Bill passed by Parliament. The Congress floor leaders didn't attend the customary tea at the Speaker's chamber after the adjournment of the House. When the House commenced, the BJP benches protested against the statement Sonia Gandhi had made on Wednesday in her address to party MPs.

Dr Manmohan Singh Fellowships', a programme where 50 mid-level professionals with 10 years' experience in their respective areas will be selected every year and mentored by some senior party leaders for their political career and leadership-building. While party functionaries Praveen Chakravarty and K Raju said those who will be selected for the fellowship have to show full-time commitment to enter politics with an absolute conviction for secular, progressive politics, it remains to be seen how the Congress Party, NSUI and Youth Congress' activists, who slug it out on the streets without mentorships and fellowships, will respond to this latest in a series of novel experiments — an invite for lateral entries.

Hindu petitioners in the Krishna Janmabhoomi and Shahi Idgah case, on an appeal moved by the Muslim side against an Allahabad High Court order that allowed the Hindu side to amend their suit and also make the Archaeological Survey of India (ASI) a party to the case. A division bench headed by Chief Justice of India Sanjiv Khanna observed that it will examine the claim made by Hindu parties that the disputed structure is a protected monument under the ASI and cannot be used as a mosque. The March 5 HC order allowing the Hindu side's amendment application seemed to be prima facie correct, it observed. The Hindu side's application before the HC was based on the claim that an ASI-protected place cannot be used for worship as a mosque and the Places of Worship Act will not apply to such a structure. The bench posted the appeal and related matters for resumed hearing on April 8. The Hindu side initially approached the HC with an application to make ASI a party to the case. They also sought amendment to their initial plaint. At the HC, they claimed that the mosque was declared a protected monument by a 1920 notification issued by the Lieutenant Governor of the United Province under Section 3 of the Ancient Monument Preservation Act. Consequently, the Places of Worship Act, 1991 will not apply in this case and the place cannot be used as a mosque, the Hindu side argued.

Subscribe to enjoy similar stories. Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew.

Subscribe to enjoy similar stories. NEW DELHI : As the US recalibrates its reciprocal tariff policy following a data miscalculation, India will now face an additional 26% tariff across a range of commodities starting 9 April. This marks a slight downward revision from the 27% hike announced on 2 April after the US administration corrected its trade deficit computations.

Subscribe to enjoy similar stories. The Securities and Exchange Board of India (Sebi) issued a framework for the Past Risk and Return Verification Agency (PaRRVA), designed to independently verify the risk and return metrics claimed by investment advisors (IAs), research analysts (RAs), and algorithmic trading providers. PaRRVA was introduced during Sebi's board meeting on 19 December to provide investors with independent verification of these services' risk and return characteristics before they invest.

Subscribe to enjoy similar stories. President Trump’s high tariffs would make the U.S. one of the world’s most protectionist countries.