Record News

safe-haven assets. However, rising prices have crimped consumer sentiment, impacting sales of the yellow metal. Gold is currently trading at ₹90,966 per 10 gm in the physical market, up by ₹1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.

equity fundraising remain in full swing. Over the past three days alone, 14 companies filed their draft prospectuses with the Securities and Exchange Board of India (Sebi). The rush comes as companies aim to meet the deadline for submitting documents along with their audited financial statements for the quarter ended September 30, 2024.

global demand for explosives and ammunition, fed by ongoing conflicts in Europe and West Asia, has resulted in record Indian defence exports, with the figure crossing ₹23,622 crore in 2024-25. Defence exports, which have been actively promoted by the government over the past decade, grew at over 12%, with strong demand for Indian manufactured explosives like TNT, RDX and HMX in the global market. Sources said that most Indian explosives and ammunition manufacturing capacity has been fully booked for the next three years, with at least five more plants coming up within the private sector in the coming months. State-owned defence public sector units have recorded a 42.8% surge in exports, reaching a high of ₹8,389 crore in the financial year.

Lance Lynn officially announced his retirement from Major League Baseball on Tuesday during an episode of his wife’s podcast, Dymin in the Rough. The St. Louis Cardinals right-handed pitcher has decided to stop playing professional baseball at age 37 after representing the team throughout 13 successful seasons.

Mallikarjun Kharge on Tuesday asked the government to immediately start the decadal census as well as caste census, saying a large number of people are being left out of welfare schemes due to the delay. Expressing concern over the delay in conducting the decadal census during the Zero Hour in the House, the senior Congress leader said India has been conducting a census every 10 years since 1881. It was conducted even during wars, emergencies, or other crises. He recalled that back in 1931, a caste census was conducted along with the regular census. Right before the 1931 census, Mahatma Gandhi had said that just like 'we need periodic medical checkups to assess our health, a census is the most important checkup for a nation', Kharge stated. He said the census is a crucial exercise and involves a large number of people who collect data not just on population but also on employment, family structures, socio-economic conditions, and several other key aspects.

Subscribe to enjoy similar stories. Earlier this month, M.F. Husain’s Untitled (Gram Yatra) created a record at Christie’s South Asian Modern and Contemporary Art sale in New York.

The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022, as President Donald Trump rolled out a swathe of new tariffs which raised fears of a global trade war that would hurt economic growth and spur inflation.

Private placement of corporate bonds, for the record, scaled a new peak in FY25. By contrast, in the public market dominated by NBFCs, fundraising plunged 60% year-on-year. Companies raised ₹10.7 lakh crore (until March 27) through private placement of corporate bonds, compared with ₹10.2 lakh crore a year ago, data compiled by primedatabase.com showed. But public issuances retreated over 60% to ₹8,200 crore. India's private placement bond market is dominated by financial institutions, such as banks, NBFCs and public sector entities.

The current unease over the market outlook aside, money managers and analysts believe India's stock benchmarks will log gains in the second part of the fiscal year, with a likely rebound in local corporate earnings potentially encouraging foreign investors to return to D-Street. In the financial year that ended March 31, the Sensex and Nifty advanced around 5% each after posting gains of 28% in the previous fiscal. Both the indices, which were on a record-breaking run until the last week of September, gave up most of the gains following seemingly unrelenting sales by foreign institutions.

Although some experts expect the rupee to be in the 87.50/$1 to 85.75/$1 range by December 2025, most economists are hesitant to put out a level due to tariff-related uncertainties.

Indian stock market experienced a roller-coaster ride in the financial year ended March 31, 2025, as aggressive selling by overseas fund managers in the second-half of the year weighed on sentiment. Despite this, the Nifty 50 index managed to close FY2025 with a 5.3% gain, while the Nifty Midcap 150 and Smallcap 250 rose 5.73% and 2.32%, respectively. Foreign portfolio investors (FPIs) offloaded shares worth Rs 1.25 lakh crore during the year.

Freight loading during the year crossed 1.61 billion tonnes, making India's railway network the second largest in terms of freight carried annually, overtaking the US, they said. China is the only country ahead of India in terms of cargo handled by the railway network. The year ended March 31 also saw the railways' capital expenditure utilisation marginally exceeding the budget estimates at more than ₹2.65 lakh crore, they said.

Ministry of External Affairs (MEA) on Monday strongly rejected a report published by The New York Times, calling it «factually incorrect and misleading.» Official sources stated that the report misrepresented facts and framed issues to suit a particular political narrative. Responding to allegations concerning Hindustan Aeronautics Limited (HAL), a state-owned defence company, the MEA asserted that HAL has always complied with international rules on strategic trade controls and end-user commitments. «We (Ministry of External Affairs) have seen a report published by The New York Times. The said report is factually incorrect and misleading. It has tried to frame issues and distort facts to suit a political narrative. The Indian entity (Hindustan Aeronautics Limited-HAL) mentioned in the report has scrupulously followed all its international obligations on strategic trade controls and end-user commitments,» MEA sources told news agency ANI. The ministry also highlighted India's strong legal and regulatory framework for strategic trade. It reaffirmed that all Indian companies conducting business overseas are guided by these regulations. «India’s robust legal and regulatory framework on strategic trade continues to guide overseas commercial ventures by its companies. We expect reputed media outlets to undertake basic due diligence while publishing such reports, which obviously was overlooked in the instant case,» sources added.

Ever since finance minister Nirmala Sitharaman redefined debt mutual funds in the July 2024 budget as those that invest more than 65% in debt, there's been an upheaval in the mutual fund industry.

The market’s performance during the month has also helped the state exchequer fetch highest ever revenue through stamp duty collection. The country’s financial capital witnessed registration of over 15,400 property deals, up 9% from a year ago, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The stamp duty collection grew 41% on-year to Rs 1,584 crore, making it the best performance in the month of March ever.

The mood in cryptocurrency markets hasn't improved to start this week, as Bitcoin (BTCUSD) and a number of stocks tied to digitalcurrencies are all moving lower Monday morning.

The deal sees UK wealth manager Evelyn Partners and professional services firm S&W become two standalone businesses. Former Evelyn Partners chief professional services director Andrew Wilkes is set to assume the S&W CEO role, with former Evelyn Partners group CFO Andrew Baddeley becoming S&W CFO. Evelyn Partners posts near 12% earnings boost as AUM reaches record high Scott Kirk is set to continue as Evelyn Partners interim CFO. Both businesses «remain committed to pursuing a strong ongoing commercial relationship», Evelyn Partners confirmed in a press release shared this mornin...

political significance of Ram Navami celebrations in the state this year. What has traditionally been a religious occasion has morphed into a political battleground, as the ruling TMC and opposition BJP have engaged in a fierce contest over polarisation and counter-polarisation. The BJP, looking to consolidate Hindu votes ahead of next year's polls, has made Ram Navami a focal point of its campaign. Hindutva groups, including the VHP and the RSS, have set a target of mobilising over three crore people and taking out rallies in every block in West Bengal during the week-long celebrations starting on April 6. According to BJP leaders, these processions will serve as a symbolic protest against the alleged attacks on Hindus in Bangladesh and what they described as the TMC's «appeasement politics.» «The attacks on Hindus in Bangladesh are an eye-opener for those on this side of the border. If we don't resist now, Hindus in West Bengal may face a similar fate due to the TMC's appeasement policies,» state BJP president and Union minister Sukanta Majumdar told PTI.

salary increments in 2025, with hikes surpassing 10 per cent, according to a report by EY. The report highlighted that despite a slight moderation in salary growth across industries, the digital commerce sector will continue to offer competitive pay increases. It said «the e-commerce sector is expected to witness the highest salary increments, surpassing 10 per cent, driven by the rapid expansion of digital commerce, increased consumer spending and technological advancements».

Known for its batting-friendly surface, this venue has historically favored high-scoring encounters. However, bowlers who execute their plans well can still make an impact. Mumbai Indians have a solid record at Wankhede, having played 85 matches here, winning 51 and losing 33. Their highest total at this venue is 234, while their lowest is 87. On the other hand, KKR have struggled in Mumbai, winning only 5 out of 17 games. Their highest score at Wankhede is 202, whereas their lowest remains 67.

Indian bonds surged to the highest in nearly a decade this financial year, mitigating the impact of sustained equity outflows barring the last ten days of March, as the country's inclusion in major international sovereign debt indices and North Block's robust fiscal discipline help expand the global market for local debt. Foreign institutional investors (FIIs) have pumped ₹1.43 lakh crore into Indian debt in FY25 — the highest ever recorded since FY15, showed data compiled by IndiaBonds.