Market/Money

26 April, 2025 | 11:54 AM

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Breaking News

India stands united against Pakistan terror attack

Pakistanis in TG ordered to leave

Chandrababu meets PM Modi

'Bharat Summit' aims to preserve 'progressive liberal values’

500 naxals cornered, say security forces

Spike in tuberculosis cases in Krishna district

Low yield of mango hits growers hard in Telangana

Agri-business management students gain 100% placement

Digvijaya Singh sounds alarm on Deepfakes and Disinformation

After NTR, Chiranjeevi emerged as a great actor in Telugu cinema: Chandrababu Naidu

Market/Money

Mkts cautious as Indo-Pak tensions dampen sentiment

26-04-2025

The current situation, according to a veteran economist, is “tailwinds on one side, and headwinds on the other”. The world has witnessed nuclear-armed neighbours India and Pakistan fighting two wars, and conflicts over Kashmir, and another major war will be a disaster in all sense. Escalating tensions will have a negative impact on Indian stock markets.

India may allow 49% foreign stakes in nuclear power plants

26-04-2025

India could allow foreign companies to take a stake of up to 49% in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most guarded sector to help achieve goals to cut carbon emissions, Reuters reports.

Foreign exchange reserves jump to 6-month high of $686.15 bn

26-04-2025

India's foreign exchange reserves rose by $8.31 billion to a six-month high of $686.15 billion in the week ended Apr. 18, possibly due to a rise in the Reserve Bank of India's gold reserves and revaluation gains, data released Friday by the central bank showed.

Goyal asks steel makers to raise bar on production target

26-04-2025

Union Minister Piyush Goyal on Friday said the target of achieving 500 million tonnes (MT) of steel production is a "sub-optimal" one and the industry should aim for a higher target amid increasing per capita consumption of the metal in the country.

'Shift from old vehicles to EVs in 44 cities with 10L people may cut oil import bill by $106bn'

26-04-2025

A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study.

US to loosen rules on Tesla, other carmakers taking on China in race for self-driving cars

26-04-2025

The Trump administration is loosening rules to help US automakers like Elon Musk's Tesla develop self-driving cars so they can take on Chinese rivals. US companies developing self-driving cars will be allowed exemptions from certain federal safety rules for testing purposes, the Transportation Department said on Thursday.

Fed withdraws draconian rules on crypto activities

26-04-2025

The US banks are no longer required to notify the regulator in advance of planned or current crypto-asset activities. The withdrawal of these guidelines by the Fed on Thursday comes as the current Donald Trump administration positions itself as supportive of crypto. During his presidential campaign, Trump even described himself as the first Bitcoin President.

Sensex reclaims 80K-level

24-04-2025

Indian markets extended the winning run to the seventh day on Wednesday and sustained their positive momentum. “It appears that President Trump has softened his approach to China and the Fed chief. He said he has “no intention of firing” Powell after repeatedly criticising the head of the US central bank as “Mr Too Late”, but he added that he would like Powell to be “a little more active” on cutting interest rates.

World Bank cuts India’s FY26 growth forecast by 40 bps to 6.3% amid global uncertainty

24-04-2025

Highlighting the increasing uncertainty in the global economy, the World Bank on Wednesday cut India’s growth from 6.5% in FY24/25 to 6.3% in FY25/26. In India, growth is expected to slow from 6.5% in FY24/25 to 6.3% in FY25/26 as the benefits to private investment from monetary easing and regulatory streamlining are expected to be offset by global economic weakness and policy uncertainty, the World Bank said in its twice-yearly regional outlook.

India clocks strong growth in mfg & services sectors in April: HSBC

24-04-2025

There was a strong growth in India's composite flash purchasing managers index (PMI) for April on the back of an acceleration in manufacturing output and services business activity, according to HSBC data released on Wednesday.

Minutes show MPC members worried about growth, risks from global uncertainty

24-04-2025

Worries about India's growth outlook amid heightened global uncertainty, and increasing comfort with inflation dominated the Reserve Bank of India's Monetary Policy Committee's Apr. 7-9 policy meeting where it cut the repo rate by 25 basis points to 6.00%, minutes from the meeting released on Wednesday showed. Members said that growth requires more support at the current juncture and the projected inflation trajectory opens space for policy easing.

Gold price rise to impact organised retailers sales volume by 9-11% in FY26

24-04-2025

Gold prices racing to an all-time high is likely to impact the sales volume of organised gold jewellery retailers by 9-11% in 2025-26, a report said on Wednesday. However, with prices and realisations expected to be significantly higher on-year, revenues will still grow 13-15%, Crisil Ratings said in a report.