Economy news

• Amid trade talks, GAIL goes scouting for US LNG stake, 15-year supply deal

  13-04-2025 19:13 via timesofindia.indiatimes.com
  
  India is actively seeking to reduce its trade surplus with the US by increasing investments in American LNG projects. GAIL has invited expressions of interest for acquiring a stake in a US LNG project and securing a long-term gas sourcing contract.
  
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• UK pledges £20 billion to help firms amid US tariff turmoil

  13-04-2025 18:38 via timesofindia.indiatimes.com
  
  The UK pledged £20 billion ($26 billion) on Sunday to help exporters including those affected by US tariffs, as President Donald Trump's sweeping stop-start import taxes roil global markets. Britain's finance ministry said the move would expand the UK's export finance package by £20 billion to a total of £80 billion, with "thousands of UK businesses affected by tariffs set to benefit."
  
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• Why Jet-Puffed’s Easter decorating kit is gaining buzz amid soaring egg prices

  13-04-2025 17:10 via timesofindia.indiatimes.com
  
  With egg prices soaring due to avian flu, Jet-Puffed has introduced a budget-friendly alternative for Easter: marshmallow decorating kits. These kits, priced at $1.99, include marshmallows, dyes, and decorating tools, offering a festive and affordable way to celebrate the holiday. While egg prices remain high, this innovative solution caters to families seeking to maintain traditions without overspending.
  
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• ‘Zero-for-Zero’ tariff strategy unlikely in proposed India-US trade deal

  13-04-2025 16:17 via timesofindia.indiatimes.com
  
  India and the US are unlikely to adopt a 'zero-for-zero' tariff strategy in their bilateral trade agreement due to differing economic development stages. Instead, they are pursuing a comprehensive package deal covering goods, services, and non-tariff barriers, aiming to more than double bilateral trade to $500 billion by 2030. Negotiations began in March, with sector-specific discussions planned following preliminary talks.
  
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• IndiGo CEO says long-term plans won't be impacted amid tariffs

  13-04-2025 15:33 via timesofindia.indiatimes.com
  
  IndiGo remains confident that global tariff issues won't derail its expansion plans, leveraging India's large domestic market. CEO Pieter Elbers emphasizes doubling the airline's size by the decade's end, advocating for a strong, globally competitive Indian airline. He views seat allocation negotiations as a 'missed opportunity' for Indian carriers and opposes domestic airfare caps, favouring market forces.
  
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• GAIL Completes Laying Over 97.6 Per Cent Pipeline Of Pradhan Mantri Urja Ganga

  13-04-2025 15:06 via zeenews.india.com
  
  Due to the limited availability of Right of Use (RoU), the completion of the Durgapur–Haldia and Dhamra–Haldia sections of the JHBDPL expansion is being extended from March 2025 to December 2025, the company statement added. 
  
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• FDI In India’s Pharma Sector Crosses Rs 19,134 Crore During 2024-25

  13-04-2025 14:36 via zeenews.india.com
  
  Under the PLI scheme for Bulk Drugs, a total of 48 projects have been selected under the scheme, of which 34 projects have been commissioned for 25 bulk drugs as of December 2024. 
  
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• Gold Prices Hit Record High Amid Global Uncertainty

  13-04-2025 13:41 via zeenews.india.com
  
  Tensions escalated further on Friday when China responded to the US tariffs by slapping a 125 per cent tariff on American imports. 
  
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• How Nitish is planning to transform Bihar through industrial zone

  13-04-2025 13:17 via timesofindia.indiatimes.com
  
  Riding the wave of success from the Bihar Business Connect 2024, the Bihar government is planning to establish special industrial zones across the state. These zones, tailored to each district's strengths, will focus on specific agricultural produce, existing handicraft industries, and labor availability. The state aims to convert MoUs worth Rs 1.81 lakh crore into actual investments within a year.
  
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• India's electronic exports to be 20% cheaper than China in US, says ICEA

  13-04-2025 13:12 via timesofindia.indiatimes.com
  
  Following the US removal of tariffs, Indian electronics exports, including smartphones and laptops, are poised to become 20% cheaper than those from China. This move provides a significant boost to India's electronics manufacturing sector, offering a competitive edge over China and Vietnam. Experts believe this strengthens India's position in the global electronics supply chain, presenting a vital opportunity for growth.
  
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• Investors to keep eye on US-China tariff war, Q4 earnings and inflation data in holiday-shortened week

  13-04-2025 12:34 via timesofindia.indiatimes.com
  
  Equity markets are bracing for a volatile, holiday-shortened week, influenced by US-China trade war developments and key Q4 earnings from Indian giants like Wipro and Infosys. Investors will closely monitor global cues, foreign investor activity, and inflation data. Market sentiment will also be affected by rupee-dollar movements and Brent crude oil prices amid significant global economic data releases.
  
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• Market cap of five top Indian firms rises by Rs 84,559 crore; HUL tops gainer

  13-04-2025 12:17 via timesofindia.indiatimes.com
  
  During a holiday-shortened week, five of India's top ten companies saw their combined market valuation increase by ₹84,559.01 crore, even as the broader market experienced a slight decline. Hindustan Unilever emerged as the top gainer, while Reliance Industries maintained its position as the most valued Indian company. TCS experienced the steepest drop in market capitalization among the decliners.
  
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• 5 Of India's Top 10 Firms Add Rs 84,559 Crore In Market Value During Holiday-Shortened Week

  13-04-2025 12:17 via zeenews.india.com
  
  ITC’s market value grew by Rs 15,329.79 crore, reaching Rs 5,27,845.57 crore, while Bajaj Finance gained Rs 12,760.23 crore, with a market value of Rs 5,53,348.28 crore.
   
  
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• New Passport Rules In India: No Marriage Certificate? Now Easily Add Your Spouse’s Name To Your Passport – Check Benefits

  13-04-2025 11:51 via zeenews.india.com
  
  New Passport Rules In India: The new Annexure J requires couples to declare their names, address, and marital status, confirming they live together as husband and wife.  
  
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• US trade uncertainty to weigh on Asia’s growth, dampening consumer confidence: Moody’s

  13-04-2025 11:42 via timesofindia.indiatimes.com
  
  Moody's Ratings anticipates that ongoing US trade policy uncertainty, particularly tariffs, will negatively impact business and consumer confidence across Asia, including India, potentially slowing regional growth. While India may show some resilience due to its domestic market, significant investment shifts will take time. The tariff pause offers a window for trade negotiations, but broader de-globalization trends persist.
  
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• FPIs withdraw Rs 31,575 cr from Indian equities in April amid US tariff turmoil

  13-04-2025 11:08 via timesofindia.indiatimes.com
  
  Foreign Portfolio Investors have withdrawn a significant Rs 31,575 crore from Indian equity markets in April, influenced by global uncertainties arising from US tariffs. This outflow contributes to a total of Rs 1.48 lakh crore withdrawn in 2025. Experts suggest that India's strong fundamentals and potential for growth may attract FPIs back once global market turbulence subsides.
  
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• Tatkal Ticket Booking Timings Changing From April 15? IRCTC Issues Clarification — Check Charges

  13-04-2025 10:48 via zeenews.india.com
  
  Tatkal Ticket Booking: Passengers can book the Tatkal E-tickets for select trains one day before the journey date, excluding the day of travel from the originating station.  
  
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• Stock Market Holidays: Will NSE, BSE Remain Closed On April 14 For Ambedkar Jayanti? Find Out

  13-04-2025 10:32 via zeenews.india.com
  
  Indian stock markets will remain shut for 14 days this year due to festivals and key national events. 
  
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• India’s Semiconductor Industry Likely To Double Revenue To $108 Bn By 2030: Report

  13-04-2025 09:30 via zeenews.india.com
  
  India accounts for only 0.1 per cent of global wafer capacity, around 1 per cent of annual equipment spending, and a 6.5 per cent semiconductor end-demand share, the report states.
  
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• Market Outlook: Q4 results, Inflation And Global Economic Data Key Triggers For Next Week

  13-04-2025 07:48 via zeenews.india.com
  
  On the global front, from the US, key data will begin with the Industrial Production (YoY) numbers for March, scheduled for release on April 16. 
  
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• US Exempts Smartphones, Computers From Latest Tariffs

  13-04-2025 05:31 via zeenews.india.com
  
  The exemption applies to products entering the US or removed from warehouses as early as April 5, according to the notice. 
  
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• Want To Know Your EPF Balance? Try These 5 Effortless Methods– Step-by-Step Guide

  13-04-2025 03:40 via zeenews.india.com
  
  If your UAN is active and your KYC details (Aadhaar, PAN, bank account) are updated, you can get your EPF balance through a simple SMS.
  
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