Dalal Street investors largely ignored the US's new tariff plans, with Sensex and Nifty closing slightly down. Despite the negative close of leading indices, midcap and smallcap stocks saw buying interest. The day's decline was triggered by negative global sentiment and President Trump's new tariff announcements on Indian imports.
Related news
Osamu Suzuki, a key figure behind Maruti 800, was instrumental in introducing the small car to India in 1983. His vision and risk-taking attitude significantly shaped the Indian automobile industry, making it a robust economic sector. His efforts modernized industrial practices and created a strong supplier ecosystem in India.
China's dominance in manufacturing has led to significant global dependencies, especially in electric vehicles, green energy, and critical minerals. The Economic Survey suggests diversifying supply chains and forming more global partnerships to reduce reliance on Chinese imports and enhance economic security.
In 2024, the Indian stock market experienced significant growth, with the NSE listing 2,671 companies and the market capitalisation reaching Rs 438.9 lakh crore. IPOs and other equity mobilisations contributed Rs 3.98 lakh crore, while the number of investors increased by 27.2 percent to 10.9 crore.
Air India is establishing a massive flying training organization (FTO) in Amravati, Maharashtra, by mid-2025. The airline has ordered 34 trainer aircraft from US and Austrian manufacturers to facilitate the training of 180 pilots annually. This ambitious project aims to address India's growing pilot demand and bolster the nation's aviation infrastructure, aligning with the 'atmanirbhar Bharat' vision.
Aditya Birla Group chairman Kumar Mangalam Birla identifies the “Trump factor†as influential in global dynamics for 2025. The US is a vital market for the conglomerate, which has invested over $15 billion there. Birla highlights India's emerging industrial strengths, exemplified by Apple's ecosystem shifting to India and UltraTech Cement's significant growth, reflecting India's role in global manufacturing.
Peter Schiff warns that Bitcoin could crash to $20,000 if the Nasdaq enters a bear market. He emphasizes the historical correlation between Bitcoin and Nasdaq declines, while also pointing out gold’s potential rise as an alternative safe haven.
Global stock markets show a strong rally. The Dow Jones, NASDAQ, and S&P 500 increase. Gold and oil prices also rise. Donald Trump announces a pro bono legal service agreement. US wholesale prices drop, but trade tensions between the US and China escalate. China plans to file a complaint with the World Trade Organization.
JSW Cement received SEBI's approval for its Rs 4,000 crore IPO, with Rs 2,000 crore from a fresh issue and Rs 2,000 crore from investor shareholders' offers. Proceeds will fund a new cement unit, debt repayment, and corporate purposes. The company's FY24 revenue was Rs 6,028.10 crore, with a profit of Rs 62 crore.
The Reserve Bank of India (RBI) has updated the fee structure for transactions at ATMs and Cash Recycler Machines, increasing the charges by Rs 2. Effective from May 1, 2025, customers will have a limit of five free transactions at their own bank's ATMs and additional limited free transactions at other bank ATMs based on location.
China's trade surplus hit a record $992 billion in 2024, driven by a 21% rise in exports worth $3.6 trillion, despite weak domestic demand and imports. The surge is linked to strong overseas demand and anticipated tariffs under Donald Trump's upcoming presidency, leading to a rush in shipments to the US, reaching $525 billion.