India must be cautious while negotiating the proposed bilateral trade agreement with the US, as the absence of Fast Track Trade Authority in America makes any pact vulnerable to Congressional changes, economic think tank GTRI said on Tuesday. It also said that the certification process allows the US to effectively re-negotiate the trade agreement after it is signed, demanding domestic legal changes, regulatory reforms, and policy shifts that could undermine India's sovereignty.
Finance Minister Nirmala Sitharaman is in London for the 13th India-UK Economic and Financial Dialogue with her counterpart, Chancellor of the Exchequer Rachel Reeves.
The Supreme Court of India has criticized the Enforcement Directorate (ED) for focusing solely on its own fundamental rights while pursuing a money laundering case related to the Nagrik Apurti Nigam (NAN) scam in Chhattisgarh. The court questioned the agency's attempt to transfer the case to New Delhi, noting that the agency's petition under Article 32 of the Constitution is typically reserved for individuals seeking redressal for fundamental rights violations.
China on Friday raised its additional tariffs on imports from the United States to 125 per cent in retaliation to the Trump administration's 145 per cent levies on Chinese exports.
Electronics manufacturing services firm Dixon Technologies is setting up a Rs 1,000-crore facility near Chennai and signed a Memorandum of Understanding with the Tamil Nadu government on Wednesday. The factory, which will come up at Oragadam in neighbouring Kancheepuram district, is expected to generate 5,000 jobs in the region, the state government said.
Amid the tumbling stock market in the United States, following the White House clarification of tariffs on China to be at least 145 per cent and an earlier announcement of a 90-day pause on tariffs for over 75 countries, President Donald Trump addressed the challenges associated with his tariff policy, stating that there would be 'transition problems'.
The country's goods and services exports have crossed $820 billion in 2024-25, marking a nearly 6 per cent increase over the previous fiscal year despite global economic uncertainties, the commerce ministry said on Wednesday. The exports stood at $778 billion in 2023-24.
China on Wednesday hit back at United States President Donald Trump's tariffs on Chinese exports with 84 per cent levies on its imports from America, intensifying the trade war between the top two economies of the world.
Congress leader Rahul Gandhi on Wednesday criticized the Waqf (Amendment) Act, calling it anti-constitutional and an attack on freedom of religion. He warned that the BJP-RSS will soon target the rights of other minorities, such as Christians and Sikhs. Gandhi also accused Prime Minister Narendra Modi of succumbing to pressure from US President Donald Trump on the imposition of tariffs, citing a recent meeting between the two leaders. He also questioned PM Modi's recent meeting with Bangladeshi leader Mohammad Yunus, who has been critical of India's policies. Gandhi further advocated for a caste census in India, stating that Congress aims to break the barrier of 50% reservation.
Russia has invited Prime Minister Narendra Modi to attend the May 9 celebrations marking the 80th anniversary of victory over Germany in World War II, Deputy Foreign Minister Andrey Rudenko has said.
The government on Tuesday notified the Rs 22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards and lithium-ion cells for digital applications, among others. The scheme is likely to be operationalised in the next 2-3 weeks.
India's middle-order mainstay Shreyas Iyer was on Tuesday nominated alongside New Zealand's Rachin Ravindra and Jacob Duffy for the ICC Player of the Month award for March following his remarkable performance in last month's Champions Trophy.
Commerce and Industry Minister Piyush Goyal on Thursday asked the Indian startup community to shift their focus from grocery delivery and ice cream making to to high tech sector like semiconductor, machine learning, robotics, and artificial intelligence. He also said there is a need for more Indian investors into the startup ecosystem.
The impact of United States President Donald Trump's reciprocal tariffs is not yet known and New Delhi's strategy to deal with the situation is to firm up a bilateral trade pact with Washington, DC by fall of this year, External Affairs Minister S Jaishankar said on Wednesday.
State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.
Chinese President Xi Jinping on Wednesday pledged to strengthen the strategic relationships with neighbouring countries by 'appropriately' managing differences and enhancing supply chain ties as China's tariff war with the United States escalated.
Domestic benchmark equity indices may see a positive trading sentiment on Friday thanks to a spectacular rally in world markets after the US President Donald Trump announced to put tariff hikes on hold for 90 days, excluding China from the reprieve. Indian stock markets were closed on Thursday for Shri Mahavir Jayanti. Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies he imposed led to global stock market meltdown.
Kannada actress Ranya Rao, along with businessman Tarun Raju and jewellery dealer Sahil Jain, had their judicial custody extended until April 21 in connection with a gold smuggling case. The trio is accused of orchestrating the illegal import of gold worth over Rs 12.56 crore from Dubai to India. The case came to light in March 2025 when Rao was apprehended at Bengaluru's Kempegowda International Airport with 14.8 kilograms of gold allegedly smuggled from Dubai. Investigations revealed her association with Vira Diamonds Trading, a Dubai-based firm she co-founded with Tarun Raju, which authorities allege was used as a front for smuggling operations. Raju was arrested following evidence of his involvement in purchasing gold in Dubai and facilitating its illegal transport to India. Jeweller Sahil Jain is suspected of assisting Ranya in selling approximately 49 kilograms of smuggled gold valued at over Rs 40 crore and managing hawala transactions.
The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum, will visit India on April 8-9, during which he will meet Prime Minister Narendra Modi, hold talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, and participate in a business roundtable seeking to bolster India-United Arab Emirates ties.
India's policy for agriculture trade must move commodity-by-commodity to gain maximum benefits as US President Donald Trump's 26 per cent tariff on exports from the country take effect, said agriculture economist Ashok Gulati in a recent policy paper.
The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.
'A repo cut will be very good for the market as it will mean that everything is being done to spur growth in these uncertain times.'
'Investors should continue with their SIPs, especially during market corrections.' 'For those looking to start new SIPs, beginning with large-cap funds is a prudent strategy, followed by flexi-cap and value-oriented approaches.'
Foreign investors withdrew Rs 10,355 crore from the country's equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. This infusion helped reduce the overall outflow for March to Rs 3,973 crore, according to data from the depositories.
Senior Congress leader Shashi Tharoor on Wednesday urged the party to be a party of hope, not resentment, a party of the future not just of the past, and a party with a positive narrative and not just criticism. He also slammed the BJP for trying to divide North from South, emphasizing the need for inclusivity and national harmony. Tharoor highlighted the importance of economic growth and equitable distribution of its benefits, calling for the Congress to remain the voice of the voiceless.
United States President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
Dalal Street investors were a poorer lot on Monday as their wealth eroded sharply by Rs 14 lakh crore following a sharp decline in benchmark indices amid a global market meltdown due to recession fears. The 30-share BSE Sensex tumbled 2,226.79 points or 2.95 per cent to settle at 73,137.90. Intra-day, the benchmark slumped 3,939.68 points or 5.22 per cent to 71,425.01.
With figures of 0/29 in four overs, Jasprit Bumrah was the most economical on a tough night for the Mumbai Indians bowlers.
Lucknow Super Giants spin bowling all-rounder Shahbaz Ahmed has expressed confidence in captain Rishabh Pant despite his poor form in IPL 2025, saying the "chilled and relaxed" skipper will come good in crunch moments.
'But I don't think the government is in a great hurry to sign the BTA.'
The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
'Don't play the American game... India is too big for a US game.'
Sri Lanka has bestowed its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening ties between the two nations. The award was presented by President Anura Kumara Dissanayake at a ceremony in Colombo. PM Modi expressed gratitude, stating the award honors not just him but also the people of India. The Mithra Vibhushana, instituted in 2008, has previously been awarded to prominent figures such as former Maldivian president Maumoon Abdul Gayoom and the late Palestinian leader Yasser Arafat. India's Foreign Secretary Vikram Misri highlighted the award as a recognition of PM Modi's contribution to strengthening the India-Sri Lanka partnership, particularly during Sri Lanka's economic crisis. The award includes a citation and a silver medal adorned with Sri Lankan gems and symbolic motifs representing shared heritage and prosperity.
Prime Minister Narendra Modi has conveyed India's expectation to Sri Lankan President Anura Kumara Dissanayake that Colombo will fulfill the aspirations of the Tamil community in the island nation and conduct provincial council elections. The issue was discussed during wide-ranging talks between Modi and Dissanayake. Modi also met with Tamil leaders from Northern and Eastern Sri Lanka, reaffirming India's commitment to supporting the community's well-being. The Tamil community has been advocating for the implementation of the 13th Amendment, which provides for devolution of power. Modi expressed hope that Sri Lanka will fully implement its constitution and conduct provincial council elections.
The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
Prime Minister Narendra Modi was on Saturday, April 5, 2025 accorded a grand ceremonial welcome at the historic Independence Square in Colombo, perhaps the first such honour given to a foreign leader.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
Lucknow Super Giants captain Rishabh Pant was all praise for his team after in the 12-run victory over Mumbai Indians, saying his players held their nerve well in the Indian Premier League match in Lucknow on Friday.
In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts.
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