BUSINESS
Gensol, BluSmart Face Third Probe as ED Investigates Money Laundering Allegations
The probe comes against the backdrop of continuing probes by the Enforcement Directorate (ED), which is probing alleged money laundering, and SEBI, which has already issued an interim order on suspected diversion of funds.
IMF Lowers India’s FY26 Growth Forecast to 6.2%
The revision, released in the IMF's April version of the World Economic Outlook (WEO), reflects increasing restraint in the presence of worldwide trade disruptions such as tit-for-tat tariff actions by the United States as well as prevailing domestic economic headwinds.
Trump Signals Possible Easing of US-China Trade Tensions, Hints at Substantial Tariff Cuts
Trump made the comments following Treasury Secretary Scott Bessent's earlier remarks during the day that the present tensions in trade between China and America could start easing off in the near future. The present tariff rates are not sustainable and there is a "de-escalation" already in the making in the economic battle between the two world powers, Bessent stated.
NPS Sees Over 12 Lakh Private Sector Subscribers in FY25
Moreover, the newly introduced NPS Vatsalya plan for kids has been well received, and more than one lakh subscribers have enrolled for it since its launch in September 2024, according to a statement by the Ministry of Finance.
India's Real Estate Sector Sees 47% Increase in Investments During January-March 2025
The largest component was the housing market, at 62% of all investments, up from 41% in Q1 2024. Residential property investment by value grew 125% year on year to $506.1 million in Q1 2025.
Sensex and Nifty Rally for Sixth Straight Session, Gaining Nearly 8% Over Six Days
The Sensex started on a high note, surging by 320 points to begin the day at 79,728. It did fall into negative during a brief period, touching an intraday low of 79,253, under the weight of poor leads on Wall Street that damped investor sentiment.
Gold Prices Hit ₹1 Lakh per 10 Grams as Market Volatility Surges
In global markets, the trend is also not different. US gold futures jumped 1.7% on Monday night to $3,482.40. The push continued after US President Donald Trump criticized Federal Reserve Chairman Jerome Powell, increasing investor worry and encouraging a move towards safe investment channels like gold.
India Is Evolving, and So Are Its Women: FM Sitharaman Highlights Progress During US Visit
Speaking to an audience in her keynote address entitled 'Laying the Foundations for a Developed India #ViksitBharat by 2047', Sitharaman stated, "India is changing, and so are Indian women," as she described a string of initiatives that the government has undertaken to enhance women's safety, health, and financial independence.
BSE Market Capitalisation Surpasses $5 Trillion Again, Marking Robust Recovery
The market cap had last touched $5 trillion on January 20 but later fell to $4.39 trillion on February 28 following a market correction.
India poised to conclude first part of trade pact with US soon, Says FM Sitharaman
In an event attended by the Indian diaspora in San Francisco, Sitharaman pointed to the overall strategic significance of the trade talks beyond mere mutual tariffs. "The long and short of dealing with the US is not just for this reciprocal tariff-related issue, but the nation is also our largest trading partner whom we have to have an agreement with," she said.
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