Economy news

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• FIIs offload Rs 1.27 lakh crore in FY2025, DIIs remain bullish

  29-03-2025 18:32 via timesofindia.indiatimes.com
  
  FIIs were net sellers of Rs 1,27,401 crore in FY2025, but selling eased in March. DIIs bought Rs 6,06,368 crore throughout the year. The change in FII strategy in March contributed to Nifty's gains. SEBI's new threshold for beneficial ownership disclosures and RBI's increased investment cap aim to boost market liquidity.
  
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• Federal Reserve chair's warnings send US stocks tumbling; Asian markets move higher

  17-04-2025 04:31 via timesofindia.indiatimes.com
  
  Wall Street experienced a sell-off triggered by Jerome Powell's remarks on potential tariff impacts and Nvidia's export concerns. Powell's warning about tariffs causing inflation and complicating economic management fueled market unease. Asian-Pacific markets diverged, showing gains despite Wall Street's decline, with central bank decisions influencing regional performance.
  
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• BluSmart Customers In A Tight Spot; Bookings Stopped Till May 7 In Mumbai, Delhi-NCR, Bengaluru After SEBI Action Against Gensol

  17-04-2025 04:28 via zeenews.india.com
  
  Customers using the BluSmart app are unable to book rides, with no time slots available until May 7.
   
  
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• Trump tariffs: Fed chief Jerome Powell delivers stark warning

  17-04-2025 04:22 via timesofindia.indiatimes.com
  
  Federal Reserve Chair Jerome Powell cautioned that President Trump's tariffs could fuel inflation and hinder economic growth, creating a dilemma for the Fed's dual mandate. Markets reacted negatively, with stocks falling as investors perceived Powell's stance as more hawkish than anticipated. The Fed is currently in a wait-and-see mode, navigating uncertainty caused by trade policy shifts.
  
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• Top stocks to buy today: Stock recommendations for April 17, 2025 - IRCTC, Jubilant FoodWorks and Shree Cement

  17-04-2025 04:00 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha recommends buying IRCTC, Jubilant FoodWorks, and Shree Cement. Nifty is poised for a buy-on-dip strategy targeting 24000, while Bank Nifty may consolidate after outperforming.
  
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• Where did EV funds go? Rs 43cr flat, Rs 26L golf sets...

  17-04-2025 03:49 via timesofindia.indiatimes.com
  
  Sebi's investigation reveals Gensol Engineering promoters, Anmol and Puneet Jaggi, diverted company funds for personal enrichment, including luxury purchases and stock manipulation. They misused loans, forged documents, and misled regulators. Funds were used to buy a luxury flat and inflate Gensol's stock price through artificial trading.
  
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• India's FY25 trade surplus with US grows, deficit with China widens

  17-04-2025 03:27 via timesofindia.indiatimes.com
  
  India's trade dynamics reveal a shifting landscape, with the US emerging as a key partner, marked by increased exports and a growing trade surplus. Conversely, the trade deficit with China has widened significantly due to decreased exports, particularly in ore, and a surge in imports. This reflects changing global trade patterns and India's evolving export destinations.
  
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• ArcelorMittal Nippon Steel to invest Rs 2.6L cr to up capacity

  17-04-2025 03:27 via timesofindia.indiatimes.com
  
  ArcelorMittal Nippon Steel (AM-NS) plans to invest $30 billion in India over the next decade, aiming to increase its steel production capacity to 40 MTPA. The company sees significant growth potential due to India's lower per capita steel consumption compared to other major economies. Despite global trade uncertainties, AM-NS remains optimistic about India's economic prospects and government infrastructure initiatives.
  
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• Top stocks to buy today: Stock market recommendations for April 17, 2025

  17-04-2025 03:24 via timesofindia.indiatimes.com
  
  Jefferies is bearish on Mahanagar Gas due to reduced APM gas allocation, while Nuvama cuts ICICI Lombard's target despite premium growth. Nomura is bullish on Aditya Birla Real Estate, citing strong pre-sales. Investec upgrades Eicher Motors on Royal Enfield's rebound, while Morgan Stanley maintains an 'equal weight' rating on IndusInd Bank, awaiting audit clarity.
  
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• Sensex back above 77k, up 4,000 pts from tariffs low

  17-04-2025 03:09 via timesofindia.indiatimes.com
  
  Indian stock markets experienced a third consecutive day of gains, with the Sensex climbing 0.4% and the Nifty rising 0.5%. Investor confidence was bolstered by positive local factors, including expectations of a strong monsoon and potential interest rate cuts. Bank stocks led the rally, fueled by a drop in retail inflation to a five-year low, overshadowing global trade war concerns.
  
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• Wipro's revenue drops 1.2% in Q4 on client caution

  17-04-2025 03:01 via timesofindia.indiatimes.com
  
  Wipro's performance was impacted by market uncertainties, leading to a cautious approach from clients despite a strong demand for transformation projects. The company's Q4 results disappointed investors, causing a stock price decline. CEO Srini Pallia noted that clients are prioritizing cost reduction and AI-led efficiency amid the uncertain macro environment, impacting large transformation programs.
  
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• Gold hits record $3,300/oz, closes in on Rs 1L/10gm mark

  17-04-2025 02:23 via timesofindia.indiatimes.com
  
  Amid escalating US-China trade tensions, gold prices have surged to unprecedented levels, exceeding $3,300 per ounce internationally and nearing Rs 1 lakh per 10 grams in India. This surge, driven by safe-haven demand, has dampened consumer appetite, with gold selling at a discount.
  
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• Gensol's Jaggi Brothers Step Down As SEBI Tightens Its Grip On Investigation; Company Says To Fully Cooperate

  16-04-2025 20:27 via zeenews.india.com
  
  In light of the audit to be conducted by Sebi, Gensol Engineering on Wednesday said it will fully cooperate with the process. 
  
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• 'Wait for greater clarity': US Fed to hold off altering interest rates

  16-04-2025 19:56 via timesofindia.indiatimes.com
  
  Federal Reserve Chair Jerome Powell announced a hold on interest rate changes, awaiting clarity on President Trump's economic policies. Uncertainty surrounds immigration, tax policy, regulation, and trade tariffs. While tariffs are expected to cause short-lived inflation and slower growth, opinions diverge among Fed officials. Some, like Waller, downplay long-term tariff impacts, while others prioritize inflation control.
  
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• Piyush Goyal Meets Top Execs Of Elon Musk's Starlink On Firm’s India Plans

  16-04-2025 16:31 via zeenews.india.com
  
  The minister is of the view that there are many remote corners of the country where you cannot take fibre or mobile connectivity. 
  
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• Wipro reports 25.9% increase in net profit amid cautious Q1FY26 forecast

  16-04-2025 16:20 via timesofindia.indiatimes.com
  
  Wipro announced a rise in net profit for the March quarter. The IT giant's profit increased by 25.9 percent. However, the company anticipates a revenue decline in the upcoming quarter. This forecast reflects global economic uncertainties. Despite challenges, Wipro secured large deals and improved client satisfaction. The company's employee count saw a slight increase. Wipro declared an interim dividend.
  
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• Trump’s tariff blitz on China may have an unexpected winner: India

  16-04-2025 16:20 via timesofindia.indiatimes.com
  
  Amidst the trade tensions between the US and China, India emerges as a key player. Companies like Apple are shifting production to India. This shift is due to tariffs and India's conciliatory trade stance. The Indian government is providing incentives to boost manufacturing. While challenges remain, India is well-positioned to benefit from the global supply chain shifts.
  
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• Mumbai-Ahmedabad Bullet Train Project: Japan To Give Two Shinkansen E5, E3 Series Bullet Trains To India For Free Of Cost - Check Why

  16-04-2025 16:19 via zeenews.india.com
  
  Japan To Gift Bullet Trains To India: New Delhi is set to receive two train sets by early 2026, which will be equipped with specialized inspection tools to gather vital operational data. 
  
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• High Inflation Eroded Purchasing Power, Hit Households’ Savings Before 2014: Centre

  16-04-2025 15:59 via zeenews.india.com
  
  The steady decline in retail inflation over recent years marks a crucial milestone in India’s economic journey, reflecting the success of coordinated efforts by the government.
  
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• Can Co-Living Spaces Emerge As Alternative To Hotels For Business Leaders? Trends Say....

  16-04-2025 15:55 via zeenews.india.com
  
  Experts share that hotel stays typically lack community environment and gatherings. 
  
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• Gold records new high at Rs 98K, soaring more than Rs 1,500 in one day

  16-04-2025 14:17 via timesofindia.indiatimes.com
  
  Gold prices have soared to unprecedented levels, reaching Rs 98,100 per 10 grams in the national capital, fueled by escalating trade tensions between the US and China. This surge is further supported by a weakened US dollar and positive outlooks from major banks, citing inflows into gold-backed ETFs and sustained central bank buying.
  
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• Are Indian Employees At Risk In Google’s Latest Layoffs? Find Out Here

  16-04-2025 14:03 via zeenews.india.com
  
  Back in 2023, Google carried out a similar restructuring, cutting around 12,000 jobs — about 6 per cent of its global workforce — to better align with its product priorities. 
  
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• Wipro Q4 PAT Up 26% To Rs 3,569.6 Cr; Expects Up To 3.5% Drop In IT Services Revenue For Q1 FY26

  16-04-2025 13:58 via zeenews.india.com
  
  It had reported a profit (attributable to equity holders of the company) of Rs 2,834.6 crore in the year-ago period.
  
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• Google suspends 2.9 million ad accounts in India citing policy violations, targets fight against AI-generated public figure impersonation scams

  16-04-2025 13:39 via timesofindia.indiatimes.com
  
  Google suspended 2.9 million advertiser accounts and removed 247.4 million ads in India in 2024 due to policy violations. Globally, over 39.2 million accounts were suspended and 5.1 billion ads were taken down. The company implemented over 50 improvements to its LLMs and suspended 700,000 accounts, leading to a 90% drop in scam ad reports.
  
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• Sensex Rises For 3rd Day; Nifty Near 23,450 As Banks Lead Rally

  16-04-2025 12:38 via zeenews.india.com
  
  The Nifty also showed similar movement. It touched a low of 23,273 before recovering to a high of 23,452. The index ended the day near its high, at 23,433, gaining 104.60 points or 0.45 per cent. In the last three days, the Nifty has risen by 1,038 points.
  
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• After HDFC And Axis, ICICI Bank Slashes Savings Account Rates

  16-04-2025 12:18 via zeenews.india.com
  
  Earlier this week, HDFC Bank and Axis Bank also reduced their savings account interest rates by 25 basis points to 2.75 per cent. IC
  
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• Gold Prices At Fresh Peaks-- Will Gold Continue To Maintain Its Outstanding Rally? Analyst Says THIS

  16-04-2025 11:50 via zeenews.india.com
  
  On the Multi Commodity Exchange, the gold contracts for June delivery hit a record high of Rs 94,781 per 10 grams in early trade. 
  
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• Hong Kong postal service halts US-bound shipments, slams Trump tariffs as ‘unreasonable'

  16-04-2025 11:48 via timesofindia.indiatimes.com
  
  Hongkong Post has suspended shipping services to the United States in response to increased tariffs imposed by President Trump, which they deem "bullying." The postal authority will no longer collect US tariffs and will halt surface mail immediately, with air mail services ceasing on April 27.
  
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• ATM Facility On Moving Train: Cash Withdrawal Now Available On THIS Train; 1st Time In India

  16-04-2025 10:05 via zeenews.india.com
  
  The machine allows passengers to withdraw cash even while the train is moving. It has been introduced as part of Indian Railways’ Innovative and Non-Fare Revenue Ideas Scheme (INFRIS).
  
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• Unused Credit Card? Here’s How It Impacts Your Credit Score

  16-04-2025 10:02 via zeenews.india.com
  
  Paying your EMIs or credit card bills on time is one of the biggest factors.
  
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