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Subscribe to enjoy similar stories. The Indian stock market witnessed a volatile session on Thursday, as investors remained cautious amid global economic uncertainties and tariff decisions from the US. Why it’s recommended: The stock has given a triangle pattern breakout on the hourly chart, with bullish momentum supported by RSI above 60 on the daily chart.

Subscribe to enjoy similar stories. In the sprawling suburbs of Bengaluru rises El Dorado, a city of gold in legends but now an upcoming township. For developer Brigade Group which tagged its launch campaign as #StrikeGold, the name signals the rich potential of the project, the largest in the city's Bagalur special economic zone.

Subscribe to enjoy similar stories. Mumbai: Poonam Gupta, the newly appointed deputy governor of the Reserve Bank of India, has less than a week to prepare for the three-day monetary policy committee meeting beginning Monday. But, while it maybe be her first stint at the RBI, Gupta’s academic papers and articles point to a person who has strong views on inflation targeting framework and exchange rate stability.

Subscribe to enjoy similar stories. New Delhi: NHPC Ltd is considering raising about ₹2,000 crore through the securitization of assets in the upcoming financial year, according to two people in the know, as the state-run hydropower major seeks to raise funds for expansion.

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump’s tariff thunderbolt sent shockwaves across world capitals on Thursday, turning the clock back on globalization and raising fears of a tariff war.

Rajya Sabha gave its approval, following 12 hours-long debate over the proposed legislation. The bill, which seeks to improve the administration and management of waqf properties in India, was passed with 128 votes in favour of the bill, as against 95. The Lok Sabha passed the Bill with a 288-232 vote in the wee hours of Thursday after nearly 12 hours of debate. Tabling the Bill in the Upper House, which was examined and redrafted by a Joint Parliamentary Committee (JPC), Rijiju said the proposed legislation has nothing to do with religion, but deals only with properties. The Bill aims to include all the Muslims sects in the Waqf board, Rijiju said. The government proposes to rename the Waqf Bill as Unified Waqf Management Empowerment, Efficiency and Development (UMEED) Bill. The bill was earlier presented in the Lok Sabha in August of last year and a Joint Parliamentary Committee, headed by BJP member Jagdambika Pal, examined it.

Rahul Gandhi on Thursday raised the issue of reciprocal tariffs imposed by US President Donald Trump in the House on Thursday and said it will «completely devastate» the Indian economy. Gandhi raised the issue during Zero Hour and said, «Our ally has suddenly decided to impose a 26% tariff, which is going to completely devastate our economy — our auto industry, pharmaceutical industry, and agriculture are all in line.» Trump on Wednesday announced new reciprocal tariffs on several countries, including India, saying that the US has been «looted, pillaged, raped, plundered» by other nations. While the US announcement lists 26% as the tariff levied on India, other documents, including those received by the ministry, show that the rate is actually 27%. Gandhi also claimed that China had taken over 4,000 square kilometres of Indian territory and demanded answers from the government over these issues.

The leaders discussed ways to boost cooperation in areas like trade, investment, tourism, culture, and education, with a focus on linking India's northeastern states with Thailand. «Today, we have decided to elevate our relations to the level of a Strategic Partnership,» Modi said following his talks with Shinawatra in Bangkok on the eve of the BIMSTEC Summit. At a joint press conference after the talks, Modi stated: «In the Indo-Pacific, we both support a free, open, inclusive, and rules-based order.

Quad dynamics remain stable, as the grouping is critical for Indo-Pacific security. «Tariff per se does not impact Quad.

And he belaboured global trade with them on Wednesday. Much of the planet is in shock. This includes penguins and seals who are the sole inhabitants of Heard and McDonald Islands, an Australian external territory near Antarctica, which has been slapped with a 10% tariff. India is mildly disappointed that its constructive and radical offer to Washington — zero-for-zero tariffs on 70% of manufactured goods — didn't give it a reprieve beyond pharma. But GoI has sensibly taken a 'Keep Calm and Carry On' attitude to what it has come to recognise is a period of geopolitical upheaval, as the US, Russia and China, in their separate ways, disorder the global order.

Trump claims to have fixed tariffs at half the level of those imposed by other countries. Hardly any country has only one tariff on everything. So, presumably, he — or his arithmetically-educated advisers — would have to calculate an average of country tariffs. A simple average would make no sense. Although the assumption that he distinguishes between sense and nonsense would be too strong. So, the average would have had to be weighted by the relative importance of the imported goods. We have no idea how the weights were calculated. USTR has given the formula used to calculate the tariff. But it has a symbol — ε (epsilon) — in it that makes all the difference. It has neither given the symbol’s value, nor how it was calculated. All that Trump has told us is that his closeness to the leader of the exporting country made no difference to the tariff. In other words, the rate of return on our PM’s conviviality has been zero. Should we worry about Trump’s abrupt, startling aggression? The US is our biggest customer among all countries. In 2023-24, it took 17.4% of our exports. Optimists may say that it’s wrong to take physical exports. Our biggest exports to the US have been intellectual services. But that only adds to America’s importance.

non-reciprocal trading arrangement. Here, India has an early mover advantage that it needs to drive home at the earliest. India is among the few countries with which the Trump Administration has already announced and progressed talks on a trade deal. It’s probably the first country to which the USTR has sent delegation to negotiate and by all accounts, the conversation is now at advanced stage. From Trump’s perspective the modification authority clause — Section 4 of the tariff order under the International Emergency Economic Powers Act – provides him with an effective bargaining chip in a trade negotiation. It allows to him raise tariffs and deploy other remedies in case a trading partner were to deploy retaliatory measures. At the same time, it gives him the power to reduce tariffs or limit the scope of duties imposed if the country aligns itself to the US on economic and security matters. Israel, which too has got hit with 17 per cent tariffs despite being among the first to officially cut duties for the US, falls in this category and is likely to benefit from this clause. As for India, a trade deal will open the doors for Trump to make that exception, counting on the overall strategic convergence between both countries across a range of national security issues including critical and sensitive technologies. More importantly, it’s not also in US interests to allow tariffs to impact cooperation in other areas like defence, space and nuclear sectors.

masala dosas at a Brooklyn park—has now become a thriving pop-up restaurant bringing in over $15,000 a month. Swetha and Venkat Raju, a Bengaluru-born couple living in New York, never imagined their daughter's playful business venture would transform into a sought-after culinary experience, now known as Brooklyn Curry Project. According to a report from CNBC Make It, it all began in May 2021 when their daughter, Mahati, wanted to set up a lemonade stand near Fort Greene Park’s Green Market. Instead of just drinks, Swetha, an ardent home cook, decided to whip up some masala dosas—crispy, crepe-like South Indian pancakes filled with spiced potatoes. To their surprise, the dosas were an instant hit. Customers took a bite, their eyes widened, and soon, the family found themselves at the center of a growing frenzy.

The sudden move is expected to disrupt commercial contracts and could lead to a wave of renegotiations and disputes, legal experts said. Businesses are considering a range of options, including renegotiation of pricing terms, alternative sourcing strategies, and lobbying for relief measures through trade bodies and bilateral agreements, they said. “Many Indian businesses are seeking clarity on whether existing pricing and delivery terms can hold in the face of sudden tariff impositions,” said Sanjay Notani, partner and co-head of international trade and customs practice at Economic Laws Practice (ELP). “Such abrupt tariff changes can destabilise ongoing commercial arrangements, especially where goods are already in transit. Contract enforcement may become contentious if parties seek to renegotiate or walk away, citing economic impracticability,” he said.

multi-polar world will become a reality faster than anyone had ever expected in the wake of the new tariffs announced by the US, Mahindra Group Chairman Anand Mahindra said on Thursday. In a post on social media platform X, Mahindra reposted a report of South Korea, China, and Japan, agreeing to cooperate for talks to improve free trade in the region amid concerns over US President Donald Trump's import tariffs, and wrote «the new tariffs announced by the U.S are a signpost of one major geopolitical development». He further said, «The MultiPolar World will now become a reality faster than anyone had ever expected.» The US on Wednesday announced 27 per cent reciprocal tariffs on India — saying New Delhi imposes high import duties on American goods — as the Trump administration aims to reduce the country's trade deficit and boost manufacturing.

Vedanta Ltd on Thursday reported record production figures across key business verticals for the fourth quarter and fiscal year ending March 31, 2025, the company said in a regulatory filing. Vedanta achieved historic highs in aluminium and zinc production while also recording strong growth in iron ore, steel, oil and gas, and power sales. Annual aluminium production saw a 2% increase year-on-year, reaching 2,421 kt, while fourth-quarter output grew 1%.

dispute settlement system, say experts. US President Donald Trump on April 2 announced reciprocal tariffs ranging from 10-49 per cent on about 60 countries, including India and China. It will come into effect from April 9. International trade expert Abhijit Das said that these duties clearly violate the World Trade Organisation (WTO) rules. He said it breaches both MFN (most favoured nation) obligations and the bound rate commitments and a WTO member country has all the right to approach the WTO's dispute settlement mechanism. A government official said that the US has stated in its executive order for these tariffs that America has imposed import levies on national security grounds. The WTO appellate body, the highest platform for dispute resolution, is not functional at present.

HDFC Bank, India's biggest private lender by assets, said on Thursday its growth in deposits outpaced that of loans in the three months to March 31, compared with the preceding quarter. Deposits rose 5.9% to 27.15 trillion rupees ($318.5 billion), the Mumbai-based bank said, higher than the 2.5% rise in the October-December quarter. Its low-cost current and savings account deposits rose 8.2%.

New India Cooperative Bank's former chairman Hiren Bhanu and his wife Gauri Bhanu as proclaimed offenders in connection with the Rs 122 crore embezzlement case, a police official said on Thursday. The Bhanu couple fled the country separately days before the embezzlement case came to light in February. The Economic Offences Wing (EOW) of the city police, which is probing the case, has so far arrested eight persons, including the bank's former General Manager Hitesh Mehta and former CEO Abhimanyu Bhoan. «The EOW had moved an application before the court seeking that Bhanu and his wife be declared as proclaimed offenders. The court has accepted the plea,» an official told PTI. The court had earlier issued a non-bailable warrant against the duo, he said. While Hiren Bhanu fled the country on January 26, his wife and the bank's former vice-chairperson Gauri Bhanu left on February 10, just a few days before the scam came to light. «As both of them are out of the country, and finding their location was necessary for the probe, a Blue Corner Notice was issued against them earlier,» the official said.

Bharat Heavy Electricals Limited, Hitachi Energy India will jointly develop India's largest private sector power transmission project. The roughly Rs 12,000 crore contract was awarded by Adani Energy Solutions to design and deliver high-voltage direct current (HVDC) terminals.

Rajnath Singh on Thursday said the armed forces should prepare a "dynamic perspective planning" addressing both long-term and short-term challenges, keeping in mind the current dynamic geostrategic changes and the ongoing global security scenarios. In his address to the top brass of the Indian Army during the apex level biannual Army Commanders' Conference being held here from April 1-4, he also said doctrinal changes whenever required should be made to make the armed forces future ready. «The recommendation and suggestions made by the senior leadership in such a forum as the commanders' conference should be deliberated upon, and be taken to a logical conclusion with mid-course review and modification, if required. The nation is proud of its army, and the government is committed to facilitate the army in their forward movement, on the road to reforms and capability modernisation,» Singh said. In his address, he further said unconventional and asymmetric warfare, including hybrid war will be «part of the future conventional wars». Singh stressed upon the present geostrategic uncertainties and the complex world situation which effects everyone globally. He said the present world is «an inter-connected world» and such incidents whether happening in «our neighbourhood or far off countries will effect everyone».