On Thursday, April 24, 2025, Indian stock markets saw profit booking after a strong 7-day rally. Investors remained cautious following a terror attack in Pahalgam, Jammu & Kashmir, and due to the monthly F&O expiry on the NSE. The BSE Sensex started 60 points lower at 80,058, briefly touched a high of 80,174, but later …
Indian equity markets ended in the red on Thursday, April 24, 2025, snapping the recent rally. Profit booking in key sectors led to a decline in benchmark indices. The BSE Sensex fell by 315.06 points (0.39%) to close at 79,801.43, while the NSE Nifty 50 slipped 82.25 points (0.34%) to settle at 24,246.70. Here are …
In the wake of the recent Pahalgam terror attack, India has implemented sweeping measures aimed at curbing cross-border movement. Central to these actions are 2 major decisions: the closure of the Attari-Wagah Integrated Check Post and the cancellation of SAARC Visa Exemption Scheme (SVES) privileges for Pakistani nationals. These steps underscore New Delhi’s resolve to …
Foreign Portfolio Investors (FPIs) have reversed their stance on Indian debt, exiting to the tune of $2.27 billion in April 2025. This sharp withdrawal follows four straight months of consistent inflows and marks the most significant monthly outflow since May 2020. It is also the first net outflow from Indian debt since November 2024. This …
According to the news reports, Alphabet Inc., the parent company of Google, is realigning its manufacturing operations to navigate shifting global trade dynamics. Central to this shift is the decision to relocate a significant portion of Google Pixel smartphone production from Vietnam to India. This move is driven by ongoing tariff pressures, especially from the …
According to recent insights from Bloomberg and the Financial Times, the Trump administration is contemplating changes to its tariff policy targeting the auto sector. This comes in response to growing pressure from automakers who have flagged the potential for serious disruptions, including reduced profits, production delays, and job losses. The auto industry, especially in North …
Thinking of splurging on a luxury watch, designer bag, or a rare painting? Starting April 22, 2025, you’ll pay more than just the sticker price. The Income Tax Department has implemented a 1% Tax Collected at Source (TCS) on luxury goods valued above ₹10 lakh. While this isn’t a new tax, it’s a compliance mechanism …
According to the news reports, assets worth over ₹1,500 crore have been seized in a money-laundering investigation involving the Sahara Group. This includes 1,023 acres of land in 16 cities, purchased through illegal transactions using funds diverted from Sahara’s entities. Land Locations and Value The seized land spans across multiple states, including Gujarat, Odisha, Maharashtra, …
India’s Production-Linked Incentive (PLI) scheme for IT hardware is rapidly reshaping the global supply chain landscape. As geopolitical tensions escalate between China and the US, global laptop manufacturers such as Asus, HP, and MSI are actively shifting parts of their production lines from China to India. The move is not only a strategic hedge against …
Accenture has completed the acquisition of TalentSprint, a deep tech education company previously owned by NSE Academy Ltd., a subsidiary of the National Stock Exchange of India. The announcement was made on April 23. Following the transaction, approximately 210 employees from TalentSprint will move to Accenture LearnVantage. TalentSprint’s Background TalentSprint was founded in 2009. It …
