Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday as worries of 20-25% US tariffs on India loomed. While Nifty50 was near 24,800, BSE Sensex was up around 70 points.
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The IMF has revised its global growth forecast upward for 2025 and 2026, anticipating a boost from early stockpiling ahead of US tariffs and a weaker dollar. While the US, China, and India are expected to see growth, global inflation is projected to ease, though the US may remain above target.
Asia Cup 2025 faces political tensions after a terrorist attack in Pahalgam, even as India and Pakistan are set to clash in the tournament. Sourav Ganguly advocates for sports to continue while condemning terrorism. The tournament, featuring eight teams in the T20 format, is scheduled in UAE and will act as preparation for the upcoming T20 World Cup.
Gopal Wagh, 63, died after an autorickshaw hit him near Balewadi Phata. The driver, instead of taking him to a hospital, abandoned him in Range Hills. Wagh's sons filed a missing person complaint. Police found Wagh dead. They registered a case against the driver, who fled to Uttar Pradesh. Police are searching for him.
India's IT Ministry is closely monitoring TCS's plan to reduce its workforce by over 12,000 employees, primarily impacting middle and senior management. This restructuring, representing two percent of TCS's global staff, is part of a strategy to become a "future-ready organisation.
Commerce Minister Piyush Goyal announced that India secured significant advantages in the Comprehensive Economic and Trade Agreement (CETA) with the UK, safeguarding sensitive sectors like rice, sugar, and dairy. The agreement lowers duties on automobiles and scotch while protecting domestic industries and intellectual property rights. CETA also ensures India receives recognition for Geographical Indication (GI) products like Kolhapuri chappals.
Saurabh Anand, an Indian-origin man, was brutally attacked by a teen machete gang in Melbourne, resulting in severe injuries. The attack occurred at Central Square Shopping Centre in Altona Meadows, leaving Anand with a severed hand, head injuries, and broken bones. Doctors managed to reattach his hand after extensive surgery, while several teenagers were arrested in connection with the assault.
The Border Security Force is establishing its first drone squadron to combat increasing aerial threats from Pakistan, especially after lethal drone attacks during Operation Sindoor. This unit, equipped with reconnaissance, surveillance, and attack drones, will be deployed at select Border Outposts along the India-Pakistan border.
The US strongly opposes France's plan to recognize Palestine at the UN, labeling it 'Hamas propaganda.' French President Macron announced the decision, supporting a two-state solution without Hamas, aiming to encourage Arab states to recognize Israel. Netanyahu criticized Macron, while ceasefire talks collapsed, with the US blaming Hamas. International concern grows over Gaza's humanitarian crisis amidst ongoing conflict.
Geoffrey Boycott has criticized Ben Stokes and the England team for perceived poor sportsmanship during the Manchester Test's final day. Boycott questioned Stokes' decision to offer a handshake, suggesting Ravindra Jadeja and Washington Sundar deserved the chance to complete their centuries. He also highlighted England's bowling deficiencies, noting that Stokes himself was their best bowler in both innings.
Former Australian captain Ricky Ponting has heavily criticised India's strategies on Day 2 of the fourth Test against England, particularly their field placements and bowling choices. Ponting questioned Shubman Gill's captaincy after England's openers dominated with a 166-run stand.