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Startup Mahakumbh 2025, an event being organised by the Department for Promotion of Industry and Internal Trade (DPIIT), is hosting a series of competitions to promote innovation in in fields such as cybersecurity, AI, robotics, biotech, and more. The prize pool for the competiton, will be Rs 70 crore according to Union minister of commerce and industry Piyush Goyal on Thursday. Goyal described the Startup MahaRathi Challenge as India’s largest private-funded challenge. Goyal took to X to praise the initiative and said, “Rs 70 crore challenge money to encourage new startups!”

Manoj Kumar, the veteran Indian actor known for his patriotic films, passed away in Mumbai on April 4. He was 86. The actor was admitted to Kokilaben Dhirubhai Ambani Hospital since February 21. He suffered a massive heart attack and had been under treatment for decompensated liver cirrhosis. According to a family member, the cremation will take place at Pavan Hans Crematorium in Mumbai on Saturday in the presence of close family members.

Manoj Kumar, the legendary actor and filmmaker celebrated for his patriotic roles, passed away at the age of 87. Fondly known as «Bharat Kumar,» he breathed his last at 4:03 am on April 4, 2025, at Kokilaben Dhirubhai Ambani Hospital in Mumbai. He was admitted to the hospital on February 21, 2025, and has since been under medical care.

Piyush Goyal stirred controversy while addressing the Startup Mahakumbh 2025 in New Delhi. His remarks on India’s startup ecosystem, specifically his rhetorical question, «Are we going to be happy being delivery boys and girls? » drew mixed reactions from the entrepreneurial community. By comparing India’s startup landscape to China’s, Goyal ignited a broader debate about the country’s technological aspirations and economic growth.

Fitch Ratings. The ratings agency said the new tariffs, announced on what is labelled as “Liberation Day” by the US administration, go far beyond what it had previously expected and are already altering the global economic outlook. The tariff regime now imposes a minimum rate of 10% on all US trade partners, with significantly higher levies on 57 selected countries. As a result, the effective tariff rate (ETR) for EU imports into the US has jumped to about 20%, while the rate on Chinese goods has surged to 64%. These figures compare with Fitch’s earlier March assumptions of 15% for the EU and 35% for China. Other Asian economies have also been hit hard. Vietnam now faces a 46% tariff, Thailand 36%, Taiwan 32%, India 26%, South Korea 25%, Malaysia 24% and Japan 24%. Sector-specific exclusions—such as semiconductors, pharmaceuticals, copper and lumber—may be negotiated separately. Also Read: Recession, not Liberation Day! India, US and world GDP may slump for Trump tariff 'insanity' «We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years,» Fitch said.

Anand Sagar Pathak of Astropatri, talks about your career, your business prospects, your finances as per your Ascendant or your Moon sign as the Sun sign for a lot of Indians is different from what they know. In our system of astrology, the Sun moves 23-24 days behind Western Astrology and therefore the Sun often does not reside in the sign governed by a fixed date system.

UltraTech Cement shares will be in focus as the company plans to acquire Wonder WallCare, a wall putty manufacturer, for an enterprise value of up to Rs 235 crore as part of its expansion strategy. The acquisition will strengthen UltraTech’s portfolio of value-added products. Wonder WallCare, a wholly owned subsidiary of Wonder Cement, operates a manufacturing plant for wall putty and related products with a capacity of 600,000 tonnes per annum, located in Rajsamand, Rajasthan.

Bajaj Finance shares will be in focus on Friday after the company reported strong Q4 FY25 results, with assets under management (AUM) rising 26% year-on-year to Rs 4.17 lakh crore as of 31 March 2025. The company added Rs 18,700 crore to its AUM during the quarter, reflecting steady demand for its financial products.

correction as concerns around high valuations, earnings downgrades, and macroeconomic uncertainties come to the forefront. According to Manishi Raychaudhuri, a prominent market strategist, the next couple of months could be challenging for investors as multiple headwinds converge, including the impact of global trade developments, sector-specific earnings pressures, and stretched market valuations. In an interaction with ETNow, Raychaudhuri said he expects the Indian market to correct in the short term, pointing to the upcoming result season and the likelihood of widespread earnings estimate downgrades across key sectors such as IT, consumer discretionary, industrials, and staples. He also flagged potential currency weakness and a rise in equity supply as additional short-term concerns that could weigh on market sentiment.

In fact, he stated that if India negotiates wisely during bilateral trade talks with the US, it could even gain some ground. Gulati said, «If competing countries face lower tariffs than India, then India may lose in that product exports. Overall, it seems India may not lose much in agriculture. But if we negotiate smartly in BTA, we may gain.» Gulati also explained that the impact of these tariffs will not be the same for all agricultural products. The final outcome depends on various factors, including how the US sets tariffs on India and other competing countries. Under the new policy, Indian agricultural exports to the US are currently subject to a 27 per cent tariff (as per the trade document). However, what really matters is how these tariffs compare with those applied to countries that compete with India in the same product segments.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.

Subscribe to enjoy similar stories. Leaders from Canada, Europe and China are threatening stiff countermeasures against the U.S. in response to President Trump’s surprisingly steep tariffs on nearly all imports.

Subscribe to enjoy similar stories. MUMBAI : Indian equities outperformed their Asian peers on Thursday, the day US President Donald Trump announced sweeping new tariffs that threaten to destabilize the world trade order. However, Siddhartha Bhaiya, managing director and chief investment officer of Aequitas Investment Consultancy, thinks a one-day reaction barely scratches the surface of the move’s impact.

Subscribe to enjoy similar stories. The global investment landscape is bracing for disruption as the Trump administration rolls out sweeping reciprocal tariffs on nearly all countries. The baseline 10% tariff rate against all countries will go into effect on 5 April.

So, shares of textile makers stood out Thursday, surging as much as 18%, as the 26% tariffs were on home furnishings and readymade garments from India paled in comparison with 54% levies on China, 46% for Vietnam, 37% for Bangladesh, and 30% for Pakistan.

The S&P 500 ended down almost 5% after U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

dollar index weakened to a six-month low of 101.5. The local unit opened weaker at 85.77, but gained during the day to end stronger, traders said. “The safe haven status of the dollar seems to be diminishing due to concerns about how trade policy may impact growth in the US,” a trader in a private bank said. The weakness helped strengthen the rupee, he said.

Rajya Sabha passed the Waqf (Amendment) Bill, 2025 on Friday with 128 members voting in favour and 95 against it. With the Lok Sabha having already passed the Bill on Wednesday, it is set to become law after the approval of the President of India. The debate on the Bill was marred by frequent heated exchanges between the Treasury and the Opposition benches. In a House with total strength of 236, members present were 223 during voting. After all amendments moved by Opposition members were negatived, the Bill was passed at 2:33 am. In his introductory remarks during the debate on the Bill, Minority Affairs Minister Kiren Rijiju said the Bill aims to bring transparency and accountability in the Waqf Boards. “Some people have said this Bill is aimed at harming Muslims and is unconstitutional. I want to dismiss these charges…We do not want to hurt anybody’s sentiments,” he said. The minister emphasized that there is no attempt to interfere in the religious practices of Muslims. Appealing to the Opposition to not engage in politics and rhetoric during the debate, Rijiju said the Narendra Modi government has shown the courage to carry out what Congress and other parties could not in the past. He reiterated his words that Waqf properties worth thousands of crores were not bringing any substantial benefits to the Muslims. If these properties are used well, they would benefit the poor Muslims and women, he added.

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Information Technology stocks slumped by as much as 10% on Thursday amid renewed inflation concerns in the US, following President Donald Trump's announcement of long-anticipated reciprocal tariffs. The Nifty IT index tumbled 4.2% — the biggest loser among sector indices. Shares of Persistent Systems plunged 10%, while Coforge dropped nearly 8%. TCS, Infosys, Wipro, Mphasis, LTIMindtree, and HCL Technologies declined between 3% and 4%.

Subscribe to enjoy similar stories. India’s stock markets have managed to stabilise from lower levels as the scare created by US President Donald Trump’s reciprocal tariffs seemed to be receding. A stock-specific action continued to dominate the proceedings as Indian markets attempted to decode the impact created by the global cues.