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U.S. gold futures were up 0.7% to $3,013.60.

To get us into the festive mood, let’s take a delightful trip down memory lane with a throwback from 2023. Cricketer Shubman Gill posted a video that featured him and Team India celebrating Holi aboard a bus ahead of their fourth Test match against Australia. The entire team was caught in the spirit of the occasion, dancing and laughing together, but what really made the video stand out was the soundtrack—a classic Holi anthem, Rang Barse Bhige Chunar Wali, played in the background, bringing even more energy to the celebration. For those wondering which song we’re referring to, it’s the legendary track from the 1981 Bollywood movie Silsila.

Bullion climbed to $2,990.21 an ounce, eclipsing all-time highs set on Thursday and earlier Friday.

Gensol Engineering’s liquidity mismatch is temporary and its linkages with ride-hailing service BluSmart are being wound down, the founder of both companies told ET amid a crisis that has seen the solar engineering, procurement, and construction (EPC) company lose 65% of market value in a month. The crash accelerated after rating agencies ICRA and CARE downgraded Gensol Engineering’s credit rating to default. ICRA cited debtservicing documents submitted by Gensol that it said were “apparently falsified.” This will be investigated, said Anmol Jaggi, Gensol Engineering’s chairman and managing director and cofounder of BluSmart. On Thursday, the company announced a Rs 600 crore fundraise to quell investors’ nerves. “We are working on two areas,” Jaggi told ET. “A committee with independent external experts has been formed to investigate the falsification of documents charge. Neither me nor my brother will sit on that committee. We have announced a fundraise of Rs 600 crore through foreign currency convertible bonds and promoter contribution. We expect liquidity challenges for next the 90 days till when credit rating agencies can review their outlook.” The board has approved a stock split in the ratio of 10:1. The promoters will exercise warrants at Rs 56 apiece for shares with a face value of Re 1 each. That amounts to Rs 560 at the existing face value of Rs 10 per share prior to the split. This is a premium of 113% to the current share price of Rs 262.

Piyush Goyal on Thursday assured exporters that the government is working overtime to protect India’s interests in the proposed Bilateral Trade Agreement (BTA) being negotiated with the United States but said that the country cannot be protectionist at a time when the world is moving towards reciprocity. The US has announced imposing reciprocal tariffs on many countries including India from April 2. He also allayed the concerns of the industry with regard to the US and called on them to reflect on their strengths and share their demands and interests with the government for better engagement with Washington. “Reflecting on the reciprocal tariffs, he has cautioned the councils to come out of their protectionist mindset and encouraged them to be bold and ready to deal with the world from a position of strength and self-confidence,” the commerce and industry ministry said in a statement after Goyal held a consultation with export promotion councils and industry associations. Reminding them of the budgetary announcement of Export Promotion Mission focusing on new products, new markets and new exporters, Goyal urged the industry to come forward with suggestions to effectively shape the schemes to achieve the desired goal. Reflecting on the changing global scenario, the minister assured that the government is working on overtime basis, and will leave no stone unturned to ensure a good future for Indian exporters, both merchandise and service and to protect the interest of the country, according to the ministry.

Meghalaya Chief Minister Conrad Sangma on Thursday mentioned that poor air quality in Byrnihat “may be attributed to industrial and other activities along the Assam side.” Recently, the World Air Quality Report 2024 released by Swiss air quality technology company IQAir has named Byrnihat as the world’s most polluted town. In a suo moto statement in the Assembly, Sangma said Byrnihat’s (Meghalaya) air quality has been found “satisfactory” by the Meghalaya State Pollution Control Board (MSPCB). He said, “out that as per data generated from the four manual ambient air quality monitoring stations of the Meghalaya State Pollution Control Board (MSPCB) located at Byrnihat town, the annual average PM2.5 concentration for 2024 is 50.1 microgram per cubic meter (µg/m3). Further, as per MSPCB’s data from January to March (first week),2025, the overall Air Quality Index (AQI) of Byrnihat was observed to be ‘Satisfactory.” He added, “The MSPCB conducted surprise inspections at industrial units in EPIP and 13th Mile on 24th, 27th, and 31st January 2025, and 5th February 2025.

money laundering, corruption, fraud, asset recovery and the financing of illicit activities, the ED said Thursday. The collaboration between Enforcement Directorate (ED) and the Financial Crimes Commission (FCC) of Mauritius will «bolster» financial enforcement capabilities and will also contribute to broader economic and security cooperation between the two nations, the federal probe agency said in a statement. The Memorandum of Understanding (MoU) was exchanged in the presence of Modi and Prime Minister of Mauritius Navinchandra Ramgoolam. During the discussions leading to the MoU, the ED and the FCC explored the possibilities of «joint operations» to detect, investigate and prosecute cross-border money laundering offences, according to the ED. They also underlined the significance of exchange programmes, experience sharing, training and skill building of the officers of both the organisations, it said. «Discussions were held on how ED can assist FCC by providing technological assistance and sharing of their digital forensic tools and best practices, towards ensuring better data seizing and extraction, and more productive data analysis,» the statement said.

green projects to boost flow of climate-related financing. The central bank has also proposed to set up a dedicated “on tap” cohort on climate change risks and sustainable finance under its Regulatory Sandbox initiative. Governor Sanjay Malhotra on Thursday said that the lack of bankable green projects slowed the adequate flow of credit and a collaborative approach could address this constraint. «Capacity and expertise constraints limit the ability to appraise and thus finance climate change mitigation. It also enhances the risk of funding such projects. Thus, creation of a common pool of such bankable projects will have multi-fold benefits for the entire ecosystem,» Malhotra said at a seminar on climate change risks and finance organised by the central bank in New Delhi. He stressed upon capacity building and improving technical know-how to better appraise risks in financing projects which use green technologies.

Bharat Electronics Ltd (BEL), marks a significant shift towards self-reliance in defence technology. These LLTRs, designed and developed by the Electronics & Radar Development Establishment of DRDO, will be the first indigenous radar systems of their kind for the IAF, replacing previously imported equipment. The system is expected to strengthen India’s ability to track aerial threats, ranging from high-speed fighter jets to slow-moving drones and helicopters.

Subscribe to enjoy similar stories. The most celebrated athletes in the world have one thing in common: an unbreakable mindset. Training your brain to win is as crucial as training your body.

Bank of Japan chief bolstered rate hike expectations. The Nikkei closed 0.08% lower at 36,790.03, after rising as much as 1.4% earlier in the session to track Wall Street's overnight higher.

Union Minister Jitendra Singh expressed his pride in ISRO's latest achievement, the successful demonstration of the Space Docking Experiment (SpaDeX) mission, calling it a significant step toward India's future space ambitions. In a post on X on Wednesday, Singh congratulated the ISRO team, emphasising that the successful de-docking of the SpaDeX satellites was a critical development for upcoming projects, including the Bharatiya Antariksha Station, Chandrayaan 4, and Gaganyaan. «PM Narendra Modi’s continuous patronage keeps the spirits soaring,» Singh added. The SpaDeX mission, launched on December 30, 2024, marks a crucial milestone in India’s space exploration journey, demonstrating advanced space docking and undocking technology that will be essential for future missions.

Sustainable Development Goals (SDGs) by 2030, which include ending poverty and achieving gender equality, a study has found. However, when grouped according to geographical, cultural, and socioeconomic factors, different countries appear to be making progress on different goals, according to the findings published in the journal PLOS One. Researchers, including those from the National Autonomous University of Mexico, found that, for instance, African and Asian countries-which have the lowest Gross Domestic Product (GDP) — have made low progress on goals such as eradicating poverty, achieving gender equality, and ensuring good health and well-being. However, these countries have made the best progress on climate action and responsible consumption and production, the team said.

Asian equities rose Thursday after cooler-than-forecast US inflation helped Wall Street rebound from two days of heavy losses. Australian and Japanese shares rose and equity-index futures for US stocks climbed in early Asian trading, bolstering advances in the prior session. Even after Wednesday’s gains for the S&P 500 and Nasdaq 100, the first since Friday for the US benchmarks, they both remained over 3% lower this week. Hong Kong equity futures fell, tracking declines in an index of US-listed Chinese companies on Wednesday.

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around the company that helped define Silicon Valley

Subscribe to enjoy similar stories. New Delhi: The government may make it mandatory for packages containing narcotics to carry a barcode while it mulls building a portal to identify, track and monitor the illegal sale of narcotics. In view to recent cases of abuse of narcotics meant for medicinal use, the government is devising a mechanism to ensure the tracking and traceability of these drugs.

Thong, who will work alongside Eric Chan, joins from JP Morgan Asset Management (JPMAM), where he spent almost 12 years as a portfolio manager on the JP Morgan Global Emerging Markets Income trust and the JP Morgan Emerging Markets Income fund. abrdn Asian Income introduces continuation vote and enhanced dividend policy With over 15 years' experience in financial services, Thong said he is «looking forward» to taking on the management of the aberdeen trust.  «The company has a rich heritage of investing in Asia, while the team at aberdeen has an excellent track record in Asia equit...

Indian Air Force. The radar has been indigenously designed and developed by Electronics and Radar Development Establishment of the Defence Research and Development Organisation (DRDO). It is capable of tracking aerial targets from high-speed fighter aircraft to slow moving targets such as unmanned aerial vehicles and helicopters. The defence ministry said acquisition of the radar will significantly enhance the operational preparedness of the Indian Air Force. «As part of the government's efforts to strengthen indigenous defence capabilities, the Ministry of Defence has inked a capital acquisition contract with BEL for the procurement of Low-level Transportable Radar, LLTR (Ashwini) at a cost of Rs 2,906 crore,» an official readout said. The contract was signed in presence of Defence Secretary Rajesh Kumar Singh.

inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India. The report highlighted that the moderation in WPI inflation is largely driven by a fall in vegetable prices, which is a key component of food inflation. It said «Wholesale Price Index (WPI) is expected to moderate to 2.0 per cent (y/y) in Feb'25, low from 2.3 per cent in previous month, due to cooling in oil prices and seasonal drop in food prices». Within food, vegetable prices are estimated to have dropped by 12 per cent month-on-month. However, edible oil prices saw a slight increase during the month. Additionally, manufactured food prices remained stable as the prices of key inputs like sugar and edible oil showed only a mild rise. The report also added that the fuel index, which tracks price changes in petroleum products, is expected to remain in the negative zone in February. This decline follows a slight increase in the past two months.

Fortnite's new update has a lot to offer. Players may now obtain strong exotic weaponry in a whole new way, thanks to the features introduced in update v34.10. Players must now earn access to secret Black Market sites in order to acquire these weapons, according to the most recent update.