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Hindustan Aeronautics Limited (HAL) shares rose by 1.7% in early trade to Rs 4,234.95 on the BSE on Friday after the company officially amended its contract with the Indian Air Force (IAF) for the delivery of Light Combat Aircraft (LCA) Tejas Mk1 Final Operational Clearance (FOC) fighter jets. The original contract, signed on December 23, 2010, was valued at Rs 5,989.39 crore. Due to revisions in the delivery schedule, the contract’s value has now been updated to Rs 6,542.20 crore.

The Nifty futures closed positively with gains of 0.31%, reaching 23,595 levels on Thursday. India VIX fell 1.2%, closing at 13.30 in the previous session.

Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 117 points, or 0.15%, lower at 77,489. The Nifty50 was up 25 points, or 0.11%, trading at 23,566 around 9:29 am.

automakers tracked losses of their Wall Street counterparts following U.S. President Donald Trump's announcement of trade tariffs. As of 0017 GMT, the Nikkei was down 1.5% at 37,222.21.

Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»

Gold prices scaled a record peak on Friday as concerns over U.S. President Donald Trump's fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal.

dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a year, gaining more than 4% since the start of 2025 on a combination of peace prospects in Ukraine, dollar weakness, and a leap in benchmark German yields.

General Motors and Ford. Trump unveiled on Wednesday his plan to implement a 25% tariff on imported cars and light trucks effective on April 3, while the duty on auto parts begins on May 3. Investors are also bracing for a wave of reciprocal tariffs Trump plans to unveil on Wednesday, although the president has hinted there may be room for flexibility. In a volatile session on Wall Street, General Motors tumbled over 7% and Ford slid 3.9%. Car parts manufacturers Aptiv and BorgWarner each lost around 5%. Tesla edged up 0.4%, with investors betting the electric vehicle maker will be hurt less by tariffs because of its largely domestic production. Apple added 1.05%, helping limit the S&P 500's loss. Trump's mercurial trade policies have created uncertainty on Wall Street, as investors fret over potential disruptions to supply chains, hampered investment, and the specter of inflation threatening global economic growth.

L2: Empuraan, starring Mohanlal and Prithviraj Sukumaran, has set a new benchmark at the box office with a record-breaking Rs 22 crore collection on its opening day. The film has reportedly shattered previous records, surpassing even the highest day-one earnings in Malayalam film history by more than double. According to trade tracker Sacnilk, L2: Empuraan raked in Rs 22 crore in India on its release day, a figure that dwarfs the previous record of Rs 8.95 crore set by Prithviraj’s The Goat Life earlier this year. The previous top opening was set by Lucifer in 2019, which earned Rs 6.10 crore. Notably, the film enjoyed a strong 60% occupancy across all Malayalam shows, with certain regions like Kochi and Kozhikode—where Mohanlal enjoys immense popularity—seeing occupancy rates soar past 90%, with almost all shows selling out. The impressive Rs 22 crore total includes Rs 19.45 crore from Malayalam audiences, while the Telugu version earned Rs 1.2 crore. However, the film's dubbed versions in Hindi, Tamil, and Kannada saw more modest returns, contributing just Rs 1.35 crore combined on opening day.

Trump escalated the global trade wars with his plans to slap aggressive tariffs on auto imports from next week. There was no uniform flight to safety, however, even though gold leaped to a new high, as mounting inflation concerns pushed up Treasury bond yields. My column below shines a light on the rather surprising resilience shown by currencies of the countries that will be hit hardest by Trump's auto tariffs.

debt schemes, which invest in securities with shorter maturities of up to three years. Fund managers said investing in this product is a bet on profiting from the higher-than-normal difference between overnight interest rates and yields on corporate bonds with one- and two-year maturities. With interest rates likely to be cut and liquidity conditions easing, this spread is expected to narrow. When the central bank cuts interest rates, corporate bond yields fall. Bond yields and prices move in opposite directions.

rupee marginally weakened to 85.78 per dollar on Thursday, from its previous close of 85.71/$1 due to month end dollar demand from oil companies, traders said. The currency traded in a range of 85.73/$1 and 85.91/$1 during the day, LSEG data showed.

bilateral trade agreements. Accompanying political energy and encouraging words reflect a dramatic departure from sobering scepticism of the recent past. The big change is, of course, Donald Trump's unsheathing of tariffs. Inevitably, trade negotiations with the US are the principal driver. Not every trade agreement will be uniform. Concessions will likely vary, depending on strategic vulnerability. As India's most consequential business, technology and foreign policy relationship, the US will get priority in timing and substance. This is rooted in realism. It's the same approach every other major trade partner of Washington will take. In a volatile world, marked by American recalibration and retrenchment, there are significant gains to becoming among the earliest countries to find accord with the Trump administration. Gains will be both tangible and intangible.

Several analysts on Wall Street see a clear winner emerging from President Donald Trump's new auto tariff policy: Tesla.

Donald Trump's steep tariffs on imported vehicles and parts, vowing retaliation as a widening trade war intensifies, as per a report. Major car exporter Germany urged a firm response from the European Union, while Japan said it «will consider all options», AFP reported. The US duties take effect starting April 3 and impact foreign-made cars and light trucks. Key automobile parts will also be hit within the month. Global stock markets plummeted with automakers like Toyota, Hyundai and Mercedes leading the plunge. In New York, shares in General Motors tumbled with Ford and Stellantis also declining. France Finance Minister Eric Lombard condemned the «hostility,» saying the only solution for the European Union is to «raise tariffs on American products in response.»

Canadian tourists contributed over a third of the tourism economy in Old Orchard Beach, a resort town in Maine, reported Global News. However, things are now starting to change.

geopolitical landscape", External Affairs Minister S Jaishankar said on Thursday, as he underlined that the «era of multipolarity» necessitates greater cooperation between the two nations. In an online video address to the conference — 'Russia and India: Towards a New Bilateral Agenda' — he said «further enhancement of the Special and Privileged Strategic Partnership between India and Russia continues to be a shared foreign policy priority». The conference is being hosted by the Russian International Affairs Council (RIAC) and the Indian Embassy in Moscow. In his address, Jaishankar said India «immensely values» its relationship with Russia and the two nations «remain committed to nurturing this deep friendship and exploring new frontiers of cooperation». «This relationship with deep historical roots, and a long tradition of trust and mutual respect, continues to expand and deepen, in the backdrop of a dynamic world order,» the external affairs minister said. Russian foreign minister Sergey Lavrov is also taking part in the conference.

Philadelphia Phillies will be taking on the Washington Nationals in a high-stakes Major League Baseball (MLB) game on Thursday after two straight disappointing playoff exits. Leading the way for the Phillies will be Zack Wheeler, who was a runner-up for the Cy Young Award during the last season. This was his second time in the last four years. Wheeler is pitted against MacKenzie Gore of the Nationals. Gore was taken from the San Diego Padres during the 2022 Juan Soto trade, Inquirer reported.

Ontario Premier Doug Ford is urging a collective “team Canada approach” from Canada's provinces following US President Donald Trump's announcement to introduce a 25% tariff on car imports, as per CTV News.

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