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• ‘A self-goal’: Raghuram Rajan slams Trump’s tariff move, says impact on India will be ‘smaller’New Delhi, Apr 3 Former RBI governor Raghuram Rajan on Thursday described the reciprocal tariffs on about 60 countries by the Trump administration a "s..
• Wall Street tumbles amid tariff concerns; Dow, S&P 500, Nasdaq trade in redAccording to reports, nearly $2 trillion had been erased from the S&P Index on Thursday during early trades amid worries that the tariffs could push the US economy into recession.
• Government plans to sell 4.8% stake in Mazagon Dock ShipbuildersThe government, which currently owns 84.83% of the company, is looking to sell 11.4 million shares representing a stake of 2.83% with an option to sell an additional 2%.
• Trump tariffs wipe out $2 trillion from US stock marketThe breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown
• HDFC Bank’s advances rise 5.4% YoY to Rs 26.4 lakh crore in Q4FY25; deposits up 15.8%Retail loans expanded by 9 percent, while commercial and rural banking loans surged 12.8 percent. However, corporate loans declined by 3.6 percent compared to the previous year.
• Donald Trump’s second term brings worst stock market start since 2001The S&P 500 Index is virtually in a correction over the 52 trading sessions since Trump swore the oath of office Jan.
• Fancy brands by billionaires’ kids are not startups, says minister Piyush GoyalThe minister criticised the trend of repackaging premium consumer products as startups, arguing that such businesses do not represent the kind of disruptive innovation India needs.
• Karnataka to collect 5% cess from aggregator platforms like Amazon-Flipkart, Ola-Uber for Gig Workers' Fund: SiddaramaiahKarnataka CM Siddaramaiah met Congress leader Rahul Gandhi on April 3 in Delhi to discuss the Gig Workers' Bill after reported differences emerged among state ministers.
• US Stock Markets Live: Nike, American Express, and Apple Inc lead losses on Dow JonesStay with Moneycontrol to get real time updates on US MARKET share price, top gainers, top losers and market insights.
• Spinaroo Commercial IPO closes with 1.49 times subscription with retail, non-institutional investors supportWest Bengal-based Spinaroo Commercial will finalise the IPO share allotment by April 4, and the trading in its equity shares will commence on the BSE SME effective April 8.
• Bitcoin succumbs to risk asset slump as Donald Trump launches tariffsDonald Trump announced that he will apply a minimum 10% tariff on all exporters to the US and slap additional duties on around 60 nations with the largest trade imbalances with the US.
• RBI maintains FPI investment caps in govt securities, corp bondsThe Reserve Bank of India (RBI) maintained the existing caps of 6% for government securities, 2% for state government securities and 15% for corporate bonds for the current year starting April 1, the central bank said in a press release.
• Food delivery apps turning unemployed youth into delivery agents for the rich, says minister Piyush GoyalGoyal also pointed to the lack of deep-tech startups in India as a major concern. “Only 1,000 startups in India's deep-tech space is a disturbing situation,” he remarked, adding that the country needs to focus on innovation beyond e-commerce and services.
• Indian tech startup funding jumps 23% to $7.4 billion in 2024: Nasscom-Zinnov studyDeepTech startup funding increased by 78%, reaching $1.6 billion, while deal volume surged by 24%.
• US markets continue to trade in red amidst Trump tariff escalation; Nasdaq down 5%Some nations, including the EU and China, have vowed to retaliate. “We are prepared to respond,” said European Commission President Ursula von der Leyen.
• FIIs net sell shares worth Rs 2806 crore, DIIs net buy Rs 221 croreAccording to provisional data from the exchanges, FIIs bought Rs 9,682 crore and sold Rs 12,488 crore. Meanwhile, DIIs picked up Rs 11,567 crore in shares and dropped Rs 11,346 crore worth of equity in the session.
• Vietnam can face stiff competition for US exports in nearly 10 percent of items exported to the US: MC AnalysisBangladesh, Sri Lanka, South Africa also at risk as they face higher tariffs from the US
• Tariff Tensions: Textiles & electronics sectors eye gains, auto & jewellery await reliefIndia’s gems and jewellery industry is bracing for impact and so is the agriculture sector in the near-term, with the possibility of re-routing.
• Oil slumps 6% on Trump tariffs, OPEC+ speeding up output hikesTraders and analysts now expect more price volatility in the near term, given the tariffs may change as countries try to negotiate lower rates or impose retaliatory levies.
• Milky Mist and MilkLane forge Rs 400 crore partnership to supply traceable milkThe partnership is set to boost MilkLane's revenue by Rs 400 crore over a three year period.
• Infonative Solutions IPO sees 4.35 subscription on final day, check listing and allotment datesInvestors have applied for 1.36 crore equity shares during March 28-April 3, compared to the offer size of 31.28 lakh shares via 5,835 applications
• POTUS goes where no man in the Oval Office has gone beforeHow can an economy with a per capita income of $87,000 in 2024, having achieved a significant increase of more than $5,000 over the level in 2023, hope to raise these incomes further by shutting itself out of the global trade flows which has benefitted it so enormously?
• Emerging-market investors brace for ‘body blow’ from US tariffsPublic reaction from governments in developing nations was muted in the immediate aftermath of Trump’s announcement
• SEBI exempts GoI from making an open offer for Vodafone Idea; GoI's stake to go up to 48.99%This is following an application filed by Department of Investment and Public Asset Management, Ministry of Finance, dated Marh 30, 2025.
• NFO mobilisation falls 63% MoM in February to a 21-month low amid muted investor sentimentThe highest-grossing months were July 2024, which saw Rs 16,565 crore raised from 15 NFOs, and June 2024, which generated Rs 15,227 crore from 17 NFOs. In contrast, April 2024 recorded the lowest fund mobilisation of the year, with only Rs 1,532 crore raised from nine NFOs.