Economy news

• Firms Dealing With Indian Railway Sector To Gain From Robust Order Book: Report

  14-04-2025 19:09 via zeenews.india.com
  
  The report points out that the order book-to-income ratio rose to 2.77 times in FY2024 from 1.33 times in FY2015, providing healthy medium-term revenue visibility. 
  
  Read more

• Nvidia to manufacture AI supercomputer chips entirely in US for first time

  14-04-2025 18:58 via timesofindia.indiatimes.com
  
  Nvidia will manufacture advanced AI chips in America. This is a first for the tech company. Production will be at TSMC facilities in Arizona. New supercomputer plants are coming up in Texas. Foxconn and Wistron are strategic partners. Full production will ramp up in 12 to 15 months. The move aims to meet growing AI chip demand.
  
  Read more

• 'Factually incorrect': Dr. Reddy clears air amid workforce reduction rumors

  14-04-2025 17:42 via timesofindia.indiatimes.com
  
  Dr. Reddy's Laboratories has refuted media reports alleging a 25% reduction in workforce costs. The Hyderabad-based pharmaceutical giant dismissed claims of layoffs targeting high-earning employees and voluntary retirement offers for older staff, particularly in R&D.
  
  Read more

• GST On Apartment Maintenance Not New, Rule Exists Since 2019: Tax Officials

  14-04-2025 17:06 via zeenews.india.com
  
  Currently, RWAs are required to collect 18 per cent GST on monthly maintenance charges only if two specific conditions are met: the per-apartment monthly maintenance exceeds Rs 7,500, and the society’s annual turnover is more than Rs 20 lakh. 
  
  Read more

• Advertisement

• RBI Repo Rate: Good News For Borrowers! SBI Reduces Interest Rate By 25bps; Effective From THIS Date...

  14-04-2025 16:10 via zeenews.india.com
  
  RBI Repo Rate: Meanwhile, private sector major HDFC Bank has lowered interest rate on savings accounts by 25 basis points to 2.75 per cent which is the lowest among peers in the private sector. 
  
  Read more

• Wall Street rallies as tech stocks surge on temporary tariff exemptions

  14-04-2025 15:52 via timesofindia.indiatimes.com
  
  US stocks surged following President Trump's temporary tariff exemption on key tech products, boosting tech-heavy indices. The Dow, S&P 500, and Nasdaq all experienced significant gains, with tech giants like Apple and Nvidia leading the rally. European and Asian markets also responded positively, driven by renewed confidence in the tech sector and strong Chinese export data.
  
  Read more

• US Dollar Falls For 5th Straight Day Amid Tariff Tensions

  14-04-2025 15:34 via zeenews.india.com
  
  Meanwhile, the rupee recorded its biggest single-day gain in over two years on Friday last week, rising 0.75 per cent as a weakening dollar and falling crude oil prices boosted sentiment. 
  
  Read more

• Trump tariff bleed Indian markets: Investors lose Rs 11.3 lakh crore since April 2

  14-04-2025 14:57 via timesofindia.indiatimes.com
  
  Indian markets experienced a significant downturn in April, with BSE-listed companies losing Rs 11.30 lakh crore due to escalating US-China trade tensions and subsequent tariff announcements. Although the US temporarily suspended tariffs, uncertainty persists, impacting investor sentiment. Experts anticipate a potential market rebound in the second half of FY26, contingent on improved corporate earnings and stabilised global conditions.
  
  Read more

• Advertisement

• Over 11 lakh Indian investors entered the market in February, despite global dip: NSE

  14-04-2025 14:54 via timesofindia.indiatimes.com
  
  Despite global market downturns, India's investor participation surged, reaching 11.2 crore by February 2025, with 11.3 lakh new investors joining that month alone. The National Stock Exchange data reveals a significant rise in retail engagement over the past year. North and East India lead in growth, reflecting a shifting regional landscape in investor demographics, showcasing rising public interest in equities.
  
  Read more

• Trump tariffs may unlock new trade opportunities for India: Skoda Auto Volkswagen official

  14-04-2025 14:23 via timesofindia.indiatimes.com
  
  Skoda Auto Volkswagen India expressed reservations about the US reciprocal tariffs, despite a temporary pause, suggesting they could ultimately benefit Indian industries by accelerating free trade agreements with the EU. The company also launched the Volkswagen Tiguan R-Line amidst an ongoing tax dispute regarding alleged customs duty fraud related to imported car parts.
  
  Read more

• China warns UK government to treat Chinese owners of British Steel fairly

  14-04-2025 13:31 via timesofindia.indiatimes.com
  
  China has cautioned the U.K. government regarding British Steel. This follows the U.K. authorities' recent takeover of the company. China urges fair treatment of Jingye Group, the Chinese owners. They fear undermining investor confidence. The U.K. government has appointed a new executive team. Their goal is to maintain steel production at the Scunthorpe plant.
  
  Read more

• Global markets rally as Trump exempts electronics from tariffs; DAX & FTSE 100 lead gains

  14-04-2025 13:17 via timesofindia.indiatimes.com
  
  Global markets surged following President Trump's temporary tariff exemption on electronics, boosting tech stocks and investor confidence. European and Asian markets saw significant gains, with the DAX, CAC 40, Nikkei 225, and Hang Seng Index leading the rally. Despite easing trade tensions, analysts warn that prolonged friction between the US and China could still trigger a global economic slowdown.
  
  Read more

• Dr Reddy's Cuts Workforce Cost By 25 Pc, Lays Off Employees Above Rs 1 Cr Package: Report

  14-04-2025 13:02 via zeenews.india.com
  
  Layoffs are increasing globally, possibly due to rising economic uncertainty and the use of artificial intelligence.
  
  Read more

• How Mehul Choksi was tracked down and arrested in Belgium after years on run

  14-04-2025 11:20 via timesofindia.indiatimes.com
  
  Fugitive diamond merchant Mehul Choksi, wanted in connection with the Rs 14,000 crore PNB scam, has been arrested in Belgium following renewed extradition efforts by Indian probe agencies. After evading authorities since 2018, Choksi was detained from a hospital where he was receiving medical treatment. Indian agencies are completing extradition procedures, while Choksi may seek relief on medical grounds.
  
  Read more

• Hisar To Ayodhya Flight: PM Modi Lays Foundation Stone For New Terminal; Check Schedule And Key Routes

  14-04-2025 10:39 via zeenews.india.com
  Hisar To Ayodhya Flight: The upcoming terminal, estimated to cost over Rs 410 crore, will include state-of-the-art passenger amenities, a dedicated cargo terminal, and an air traffic control (ATC) building. 
  
  Read more

• How Mehul Choksi plans to fight extradition to India from Belgium

  14-04-2025 10:12 via timesofindia.indiatimes.com
  
  Fugitive diamond merchant Mehul Choksi, wanted in India for allegedly defrauding Punjab National Bank (PNB) of nearly Rs 14,000 crore, has been arrested in Belgium. His legal team is contesting extradition, citing the case's political nature and Choksi's poor health, including cancer treatment and PTSD from a prior alleged kidnapping.
  
  Read more

• IGI Airport T2 to shut for repairs from tomorrow; flights to shift to T1

  14-04-2025 08:55 via timesofindia.indiatimes.com
  
  Delhi Airport's Terminal 2 will close for repairs on April 15, 2025, prompting airlines like IndiGo and Akasa to shift operations to Terminal 1, which will then operate at full capacity. DIAL is trialing baggage transfers between T3 and T1 to ease connections, aiming for a 120-minute transfer time from T1 to T3, despite the lack of an air train.
  
  Read more

• Mehul Choksi undergoing cancer treatment, his lawyer to move for bail - Top developments

  14-04-2025 08:40 via timesofindia.indiatimes.com
  
  Fugitive diamond merchant Mehul Choksi, wanted in the PNB scam, has been apprehended in Belgium. India faces an uphill battle for his extradition, as Choksi is likely to cite health issues to resist returning. Whistleblower Hariprasad SV doubts Choksi's return, given his resources and legal support. Nirav Modi, also implicated, remains jailed in London, fighting extradition.
  
  Read more

• China’s exports beat forecast in March amid lingering trade war concerns

  14-04-2025 07:55 via timesofindia.indiatimes.com
  
  China's exports surged 12.4% in March, driven by businesses anticipating higher US tariffs, while imports declined by 4.3%. The trade surplus with the US reached $27.6 billion for March and $76.6 billion for the quarter. President Xi Jinping is visiting Southeast Asian nations to bolster trade ties amid ongoing trade tensions and tariff adjustments.
  
  Read more

• Indian Stock Market Set For Data-driven Outcomes This Week

  14-04-2025 07:19 via zeenews.india.com
  
  The Indian stock market is closed on April 14 on account of Ambedkar Jayanti.
  
  Read more

• 'His wallet is full': PNB scam whistleblower on Mehul Choksi's India extradition after arrest in Belgium

  14-04-2025 07:04 via timesofindia.indiatimes.com
  
  PNB scam whistleblower Hariprasad SV expressed concerns about Mehul Choksi's extradition to India, citing his history of evading legal proceedings and access to top-tier European lawyers. Choksi's recent arrest in Belgium has sparked preparations for extradition, but he is expected to mount a strong legal defense, challenging the process based on health and other factors.
  
  Read more

• The $22 billion pivot: Apple’s India gamble starts to pay off amid US-China trade war

  14-04-2025 06:47 via timesofindia.indiatimes.com
  
  Apple's iPhone production in India has surged by 60% to $22 billion, now accounting for one in five iPhones globally. This shift, driven by geopolitical tensions and supply chain vulnerabilities, positions India as a key export hub. Foxconn is expanding its manufacturing footprint in Uttar Pradesh, signaling a long-term commitment to India's growing industrial ecosystem.
  
  Read more

• Stock Markets closed on April 14 for Ambedkar Jayanti

  14-04-2025 05:57 via timesofindia.indiatimes.com
  
  Indian stock exchanges will be closed on Monday for Dr BR Ambedkar Jayanti. Last week, the markets closed positively, recovering from an initial decline triggered by US-China tariff concerns. Investors are now awaiting corporate earnings reports from major companies like Wipro, Infosys, HDFC Bank, and ICICI Bank in the holiday-shortened week.
  
  Read more

• Bank of India Withdraws Special 400 Days FD Scheme, Reduces Interest Rates On Other Maturities

  14-04-2025 04:55 via zeenews.india.com
  
  Also,  the public sector bank has reduced Rate of Interest on its short-term & medium-term Fixed Deposits for various maturities w.e.f 15th April 2025. 
  
  Read more

• Bank Holiday Today: Branches To Be Closed In THESE Cities For Ambedkar Jayanti, Regional Festivities; Check RBI Holiday List

  14-04-2025 04:21 via zeenews.india.com
  
  As per the RBI official holiday calendar banks will be closed on April 14 due to  Dr. BR Ambedkar's birth anniversary, Vishu, Bihu, and Tamil New Year.
  
  Read more

• PNB bank loan 'fraud' case: Fugitive businessman Mehul Choksi arrested in Belgium

  14-04-2025 04:12 via timesofindia.indiatimes.com
  
  Fugitive diamond merchant Mehul Choksi, wanted in the Rs 14,000-crore Punjab National Bank fraud, has been arrested in Belgium based on India's extradition request. He is accused of colluding with bank officials to fraudulently obtain financial instruments, causing significant losses. Choksi's legal team is preparing to challenge the extradition, citing his medical condition as a key factor.
  
  Read more

• Asian tech stocks climb amid mixed signals on tariff reprieve

  14-04-2025 04:00 via timesofindia.indiatimes.com
  
  Technology stocks surged following a temporary pause in tariffs on phones, computers, and consumer electronics, announced by the Trump administration. Apple shares notably climbed, and Asian tech stocks experienced a boost. Despite the positive market reaction, officials cautioned that tech tariffs are still anticipated in the near future, creating uncertainty about ongoing trade negotiations with China.
  
  Read more

Follow @India_Economy_ on Twitter!