Markets After The Noise | Tamanna's Take
INDIA MARKET | Sat, 18 Apr 2026, 10:00AM IST
Mentally, investors have already priced in the idea that the Iran war is over or at least contained.
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US stocks today: S&P 500, Nasdaq end at fresh records as oil prices tumble
INDIA MARKET | Sat, 18 Apr 2026, 1:43AM IST
S&P 500, Nasdaq and Dow hit fresh records as optimism over a possible Iran-US deal and Strait of Hormuz reopening sent oil prices down, easing inflation and boosting equities.
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Kevin Klose, Who Made NPR a Reporting Powerhouse, Dies at 85
GLOBAL NEWS | Sat, 18 Apr 2026, 1:31AM IST
A longtime journalist at The Washington Post, he used his unexpected fund-raising talents to greatly expand the radio organizations coverage.
Continue reading at The New York Times
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Visa's likely to appoint Suresh Sethi as India head
INDIA BUSINESS | Sat, 18 Apr 2026, 1:07AM IST
Visa is reportedly appointing Suresh Sethi, former CEO of Protean eGov Technologies, as its new India country head. Sethi, with extensive experience in banking and tech, succeeds Sandeep Ghosh. This leadership transition occurs as Visa intensifies its focus on digital payments and regional partnerships, aiming for continued growth and innovation in the Indian market.
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Govt looks to raise wage cap for PF coverage
INDIA NEWS | Sat, 18 Apr 2026, 1:00AM IST
New Delhi: The labour and employment ministry is revisiting a long-pending proposal to raise the wage ceiling for provident fund coverage, after recent pay increases risk pushing a large pool of workers out of the social security net.The wage ceiling could be raised to as much as 25,000 and 30,000 per month from 15,000 currently, under the Employees' Provident Fund Organisation (EPFO).Also read: Minimum wage hikes may push workers out of EPFO net, say expertsThe rethink follows sharp wage increases for industrial workers in the National Capital Region. This could result in exclusion of many skilled employees from mandatory EPFO coverage, undermining the government's push towards universal social security.Officials are also reconsidering an increase in wage ceiling under the Employees' State Insurance Corporation (ESIC) to bring the two at par with each other for better compliance and ease of doing business. The current ceiling under ESIC is 21,000 per month.A senior government official told ET that the ministry has taken note of the recent increase in wages in some states and is assessing its impact on the social security coverage for these workers."The matter is being internally discussed and the ministry will soon take necessary approvals before rolling out a comprehensive stakeholder consultation to firm up the new wage ceiling," the official said. Enhancing the wage ceiling under EPFO for mandatory contribution will widen its coverage, bring more workers into the formal workforce, and enhance their retirement corpus though placing some strain on employer balance sheets.The official said raising the wage ceiling will have large financial implications on employers, and hence the government wants to bring all stakeholders on board before moving a formal proposal to the Central Board of Trustees of EPFO for approval. The government had in the past considered raising the wage ceiling under EPFO to make it at par with ESIC. The last revision in the wage ceiling of EPFO was in 2014 when it was raised to 15,000 per month from 6,500.The move to raise the wage ceiling is gaining urgency after the Supreme Court recently flagged the need to update the threshold in line with rising wages and inflation, warning that the current limit excludes a growing segment of the workforce.
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15 banks get government nod to import gold & silver for 3 years
INDIA BUSINESS | Sat, 18 Apr 2026, 12:54AM IST
India has authorized 17 banks to import gold and silver. This authorization is effective for three years from April 1, 2026. The move resolves a customs clearance delay that had stalled shipments. This decision brings relief to importers and ensures smooth trade of precious metals. The new authorization is valid until March 31, 2029.
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Vedanta Resources seeks $200 million loan top-up after $350 million deal earlier this year
INDIA BUSINESS | Sat, 18 Apr 2026, 12:42AM IST
Vedanta Resources is looking to boost its existing $350 million loan by at least $200 million. The company is in talks with Sumitomo Mitsui Banking Corp. and First Abu Dhabi Bank to join the facility. This move aims to refinance obligations, cover transaction costs, and support general corporate needs, as Vedanta continues its debt reduction efforts.
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Pune airport runway temporarily unavailable due to incident involving IAF aircraft
INDIA BUSINESS | Sat, 18 Apr 2026, 12:26AM IST
Pune Airport's runway faced a temporary closure on Friday. An Indian Air Force aircraft experienced a hard landing. The aircrew is safe. No civil property sustained damage. Efforts are underway to reopen the runway. Normal flight operations will resume soon. This incident caused a brief disruption at the airport.
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Pune airport runway shut after IAF aircraft makes 'hard landing'
INDIA BUSINESS | Sat, 18 Apr 2026, 12:26AM IST
Pune airport's runway is currently closed following an incident involving an Indian Air Force aircraft. The aircrew is safe and no civilian property was damaged. Efforts are actively underway to clear the runway and restore normal flight operations. Authorities estimate it will take approximately five hours to resume services. Airlines have been notified of the disruption.
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West Asia War: Uneasy calm in Lebanon
INDIA NEWS | Sat, 18 Apr 2026, 12:25AM IST
Beirut: A fragile calm settled over parts of Lebanon on Friday as a 10-day ceasefire brokered by the United States took hold between Israel and Hezbollah, prompting thousands of displaced families to begin the journey home - even as uncertainty, destruction and Israeli warnings against going back to parts of southern Lebanon clouded their return.By early morning, cars were backed up for kilometers on the route leading south to the damaged Qasmiyeh bridge over the Litani River, a key crossing linking the southern coastal city of Tyre to the north. Vehicles piled high with mattresses, suitcases and salvaged belongings crept forward through a single reopened lane, hastily repaired after an Israeli airstrike just a day earlier.Drivers heading back to their villages along coastal highways cheered each other, flashed victory signs and exchanged blessings.The latest Israel-Hezbollah war displaced more than a million people. Despite warnings from Lebanese officials that they should not immediately attempt to return to their homes, many began moving toward southern Lebanon in the hours after the ceasefire was declared. The truce appeared to be largely holding overnight.In southern villages like Jibsheet, a trickle of residents returned to flattened apartment blocks and streets littered with chunks of concrete, twisted aluminum shutters and dangling electrical wires.'Military Ops against Hezbollah Still Not over'Israel's defence minister said on Friday that the campaign against the militant group Hezbollah was not yet complete, just hours after the ceasefire came into force, He also warned that if the fighting resumed, displaced residents returning to the country's war-torn south would have to evacuate again."The ground manoeuver into Lebanon and the strikes on Hezbollah have achieved many gains, but they are still not complete," Defence Minister Israel Katz said in a broadcast statement.There remained areas of the south that had not yet been cleared of Hezbollah militants, which would have to happen one way or another, he added."The area between the security zone and the Litani (River) line, which is currently under our control, has not yet been cleared of terrorists and weapons," Katz warned. "This will have to be carried out either through diplomatic means or by continued IDF activity once the ceasefire ends." Agencies
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Kiwi cofounder Mohit Bedi quits CBO role, moves into advisory position
INDIA BUSINESS | Sat, 18 Apr 2026, 12:05AM IST
Bedi previously worked in fintech PayU and in Axis Bank. At Axis Bank, he was the senior vice-president (SVP) and business head - acquiring and commercial cards
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IPL 2026 Points Table: Gill leads GT into top 4, KKR stay rock bottom
INDIA MARKET | Fri, 17 Apr 2026, 11:58PM IST
Gill scored 86 off 50 balls to go to the top of the 'Orange Cap' list with 251 runs from five games.
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Mark Mobius, Pioneering Investor in Emerging Markets, Dies at 89
GLOBAL NEWS | Fri, 17 Apr 2026, 11:54PM IST
Gaining a reputation as the brilliant, risk-taking Indiana Jones of his field, he encouraged investors to take chances on Asia, Africa, Latin America and Eastern Europe.
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INDIA BUSINESS | Fri, 17 Apr 2026, 11:53PM IST
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India's oil imports from Russia have significantly increased, making it a key market for Moscow.
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11 Electric Cars Worth a Look With Gas Prices High
GLOBAL NEWS | Fri, 17 Apr 2026, 11:50PM IST
The war in Iran has auto shoppers sizing up electrics. Many strong cars are on the market, and there are bargains to be had when buying used.
Continue reading at The New York Times
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US Stocks | Kailera soars over 60% in Nasdaq debut as weight-loss drug race heats up
INDIA MARKET | Fri, 17 Apr 2026, 11:46PM IST
Kailera Therapeutics shares surged 62.5% in their Nasdaq debut after raising $625 million in a U.S. IPO priced at the top end of its range. Strong investor demand reflects growing excitement around weight-loss and GLP-1 drugs, a market expected to expand rapidly as firms challenge pharma giants like Eli Lilly and Novo Nordisk.
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Tesla is preparing to launch six-seater Model Y variant in India
INDIA BUSINESS | Fri, 17 Apr 2026, 11:38PM IST
Tesla plans India debut of six-seat Model Y L to revive sluggish sales, expanding lineup with China-made variant amid high import tariffs
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NBCC sells 14 lakh sq ft commercial space in South Delhi for 5,779 cr
INDIA BUSINESS | Fri, 17 Apr 2026, 11:33PM IST
State-owned NBCC Ltd, on behalf of the government, has sold 14 lakh sq ft commercial space in South Delhi for Rs 5,779 crore.
In a regulatory filing on Friday, NBCC informed that it has "successfully sold commercial built-up space of approx 14 lakh square feet area at Bharat Business Park, Sarojini Nagar, New Delhi, through an e-auction at a total sale value of approx. Rs 5,779 crore."
NBCC will get a marketing fee of one per cent of the sale value.
NBCC has been developing and selling commercial space in South Delhi on behalf of the government. The funds are used for the redevelopment of residential colonies.
Later in a statement, NBCC Ltd said that the e-auction had offered super built-up area of 23.44 lakh sq ft across 8 towers. The auction saw an overwhelming response from international/domestic MNCs, corporates and institutional buyers.
"The auction resulted in a total sale value of approximately Rs 5,779 crore, based on highest bid rates for super built-up area of approximat
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US Stocks|Drone maker AEVEX valued at $2.6 billion as shares rise in NYSE debut
INDIA MARKET | Fri, 17 Apr 2026, 11:33PM IST
AEVEX made a striking entrance on the New York Stock Exchange, with its shares jumping 15% on debut. This significant increase points to a heightened investor enthusiasm for companies in the defense industry, especially given the current global unrest.
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INDIA MARKET | Fri, 17 Apr 2026, 11:28PM IST
Shubman Gill's 86 off 50 balls fired him to the top of the run-scorers list while taking GT up to fourth on the points table.
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Singapore topped FDI sources in Apr-Dec FY26
INDIA NEWS | Fri, 17 Apr 2026, 11:18PM IST
New Delhi: Singapore was the top source of foreign direct investment (FDI) equity inflows in April-December FY26 at $17.6 billion, with a 37% share of the total, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The US and Mauritius were the next two sources, accounting for 16% and 10%, respectively.The FDI from offshore tax haven Cayman Islands rose five times to $2 billion from $422 million in 2024. Another tax haven from Cyprus invested $1.4 billion in India compared to $1.2 billion in 2024 while inflows from Luxembourg rose to $545 million from $352.67 million in the same period.India received $47.87 billion of FDI equity inflows in April-December FY26 of which $7.8 billion came from the US and $4.8 billion from Mauritius. Japan and the UAE were also among the top five investor countries.Investments from China were $6.49 million in 2025, higher than $3.73 million in 2024, according to the data whereas those from Hong Kong fell to $61.4 million from $87.7 million.As per the data, the most attractive sectors for these funds are Computer Software & Hardware (22%) which received inflows worth $10.7 billion followed by the Services Sector (Financial, Banking, and R&D) at 18%.Among states, Maharashtra received the highest inflows from abroad at $15.38 billion followed by Karnataka at $11.15 billion in the first three quarters of FY26.
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Trump Seeks More Time in Lawsuit Against IRS Over His Tax Returns
GLOBAL NEWS | Fri, 17 Apr 2026, 11:17PM IST
The Justice Department has not responded to the presidents suit, which has created a conflict of interest for the governments lawyers.
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Trump Seeks More Time in Lawsuit Against I.R.S, Over His Tax Returns
GLOBAL NEWS | Fri, 17 Apr 2026, 11:17PM IST
The Justice Department has not responded to the presidents suit, which has created a conflict of interest for the governments lawyers.
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Indian refiners pay for Iran oil in yuan via ICICI Bank, says report
INDIA NEWS | Fri, 17 Apr 2026, 11:13PM IST
Indian refiners use yuan via ICICI to settle rare Iranian oil purchases under US waiver, as sanctions and payment hurdles complicate trade
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West Asia crisis: More destinations added to RELIEF scheme for exporters
INDIA NEWS | Fri, 17 Apr 2026, 11:07PM IST
The government on Friday expanded the list of eligible destinations under RELIEF scheme for exporters amid the West Asia crisis, which has impacted the country's exports.
On March 19, the government launched a Rs 497-crore RELIEF (Resilience and Logistics Intervention for Export Facilitation) scheme to assist exporters facing disruptions due to the conflict.
"With this expansion, Egypt and Jordan have been added to the list of eligible countries for shipments meant for delivery or transhipment, under the relevant provisions of the RELIEF framework," the commerce ministry said.
It also clarified that exporters obtaining a fresh ECGC whole turnover policy on or after March 16, 2026 would be eligible for support.
This clarification is aimed at ensuring greater clarity and facilitating wider participation of exporters, particularly new policyholders.
"In view of the evolving geopolitical situation in West Asia and its continuing impact on maritime logistics across the Gulf and adjoini
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Shares of Om Power Transmission jump nearly 9% on market trading debut
INDIA MARKET | Fri, 17 Apr 2026, 11:07PM IST
The hearing in the Securities Appellate Tribunal (SAT) on the appeal filed by US-based high-frequency trading firm Jane Street was adjourned on Friday
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Hundreds of Fake Pro-Trump Avatars Emerge on Social Media
GLOBAL NEWS | Fri, 17 Apr 2026, 11:07PM IST
The artificial-intelligence-generated fake influencers have surged on TikTok, Instagram, Facebook and YouTube in an apparent bid to hook conservative voters.
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OTT Releases This Weekend: Assi, Matka King, Roommates, Good Boy Films And Web Series To Watch
INDIA MARKET | Fri, 17 Apr 2026, 11:02PM IST
With a blend of Indian and international releases, there's no shortage of entertainment to keep you engaged all weekend.
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Trump's Big Declaration: US Will Not Release Frozen Iranian Funds; Peace Talks Likely On Weekend
INDIA MARKET | Fri, 17 Apr 2026, 10:42PM IST
Trump said that negotiations with Tehran were nearing completion.
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Traders place $760 million bet on falling oil ahead of Hormuz announcement
INDIA MARKET | Fri, 17 Apr 2026, 10:36PM IST
Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.
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INDIA BUSINESS | Fri, 17 Apr 2026, 10:36PM IST
Semaglutide is the active ingredient in Danish major Novo Nordisks blockbuster diabetes and weight loss drugs Wegovy and Ozempic
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