Business

India is accelerating its quest for energy independence with a massive push to localize battery manufacturing. The government plans to establish an Approved List of Battery Manufacturers (ALBM), a crucial mechanism designed to designate exclusive vendors for government-backed energy storage projects. This strategic move aims to significantly boost domestic manufacturing capacity while systematically reducing reliance on foreign imports.The proposed framework mirrors successful localization methods already used in the solar sector. The Centre is expected to outline the full ALBM structure and release draft localization norms within the current fiscal year. A phased timeline will also be provided to both manufacturers and end-users...

Diplomatic Stalemate After Pakistan-Hosted Talks United Nations Secretary-General Antonio Guterres has offered a note of optimism regarding US-Iran negotiations, even as the round of talks held over the weekend concluded in a complete stalemate. While no formal agreement was reached during the talks hosted by Pakistan in Islamabad, UN Spokesperson Stephane Dujarric framed the discussions as a "positive and meaningful step" toward renewed dialogue.The marathon 21-hour talks, involving the US team led by Vice President JD Vance and Iran’s officials including Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, ended early Sunday without a breakthrough. JD Vance reported having "good conversations," noting...

The Income Tax Return (ITR) landscape is undergoing a significant revamp for Assessment Year (AY) 2026-27. Non-resident Indian taxpayers (NRIs) must now adopt stricter reporting standards, fundamentally changing how income from specific business activities must be declared. The revisions mandate the separate disclosure of both total turnover/receipts and the corresponding presumed net profit for select business schemes.This overhaul impacts taxpayers utilizing sections 44B, 44BB, 44BBA, 44BBC, and 44BBD. These changes signal an increased level of regulatory visibility regarding the financial activities of non-residents earning income in India.Mandatory Dual Disclosure: NRIs Must Report Receipts and Deemed Income Previously...

In a significant diplomatic pivot, South Korea reportedly shared sensitive information with Iran concerning the safety and passage of its vessels stranded in the volatile Strait of Hormuz. This move suggests Seoul may be seeking negotiations to secure the safe transit of its ships amid heightened tensions between the US and Iran.South Korea's special envoy to Iran, Chung Byung-ha, was reportedly engaged in high-level consultations in Tehran. During these meetings, he reportedly shared critical details to ensure the safety of the ships and their crews with Iranian officials.The envoy is currently in Tehran at the behest of the foreign minister to discuss both the stranded vessels and broader bilateral issues linked to the escalating...

Amid accelerating geopolitical tensions centered on the Middle East, Russian Foreign Minister Sergei Lavrov has arrived in China for a high-stakes two-day visit. The diplomatic meetings are scheduled to discuss global cooperation, yet they occur against the backdrop of escalating international instability, notably a looming US blockade of vital shipping lanes.Russian and Chinese Foreign Ministers Address Global Flashpoints Lavrov's official visit began on Tuesday, April 14, in Beijing. The primary objective of the meeting is to discuss bilateral cooperation across various key sectors. Both nations plan to hold extensive discussions between their respective foreign ministers, Lavrov and China's counterpart, Wang Yi.The dialogue is...

India's retail inflation drew renewed attention after the government released the Consumer Price Index (CPI) data for March 2026. The year-on-year uptick in the CPI stood at 3.4%. While this figure was broadly in line with analyst expectations, the data immediately sparked debate among major brokerage houses. Experts are now grappling with whether the persistent inflationary pressures signal a looming rate hike or warrant a sustained period of monetary stability.India Releases CPI Data: Inflation Stands at 3.4% in March The March 2026 CPI reading marked a marginal increase for retail inflation. This data point remains within the Reserve Bank of India's (RBI) medium-term target of 4%. Historically, the retail inflation figures for...

Bullion rates demonstrated mixed signals on early April 14, with global benchmarks showing strength amid lingering West Asia geopolitical uncertainty. Precious metals are actively tracking diplomatic developments following the agreement between the US and Iran to institute a two-week ceasefire. However, underlying market tensions remain high, supported by critical global risk factors.International Spot Prices Reflecting Geopolitical Tensions Gold surged on international markets, with the spot price inched up 0.47 percent to $4,790.30 per ounce. Meanwhile, silver showed a notable spike, rising 0.77 percent to $76.24 per ounce during early Comex trading. This movement underscores sustained investor interest in safe-haven assets, despite...

The Indian equity mutual fund space saw a massive surge in capital inflows during March. Despite geopolitical tensions and fluctuations in crude oil prices, investors continued channeling substantial money into equities. This sharp liquidity injection signals a sustained long-term confidence in the market's inherent growth potential.According to the Association of Mutual Funds in India, total equity inflows jumped significantly to ₹40,450 crore in March. This figure marks a substantial increase from the ₹25,978 crore recorded in February.Analysts suggest that market volatility is not deterring participation. Instead, the data shows that many investors are viewing recent market corrections as tactical buying opportunities, rather...

As India gears up to observe Ambedkar Jayanti on Tuesday, April 14, 2026, millions of citizens are seeking clarity on banking services. While the day is a major national holiday celebrating the life of Dr. B.R. Ambedkar, physical banking accessibility varies significantly across the country.According to the Reserve Bank of India (RBI) calendar, most traditional physical bank branches are expected to remain shut. However, the status is not uniform; service availability depends heavily on the specific state of residence.Physical Bank Status: Which States Are Open and Closed on April 14 The primary concern for customers is the operational status of their local branch. On Ambedkar Jayanti, most major states will see their physical bank...

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are set to suspend all trading activities on Tuesday, April 14, 2026. The closure is scheduled in observance of Dr. Baba Saheb Ambedkar Jayanti. This announcement provides vital information for investors regarding the market's operational status next year.On this significant day, all trading across major segments will be suspended. This includes equities, equity derivatives, securities lending and borrowing (SLB), currency derivatives, and electronic gold receipts (EGR). Investors are advised to plan their transactions accordingly to avoid disruptions.Understanding Ambedkar Jayanti Dr. Baba Saheb Ambedkar Jayanti commemorates the birth anniversary of Dr. Bhimrao...

Asian markets rebounded sharply on Tuesday, driven by renewed optimism surrounding potential peace negotiations between the United States and Iran. The global market sentiment shifted positively, fueling significant gains in major Asian indices, while investors monitored the evolving geopolitical landscape.Asia-Pacific Indices Rally on Diplomatic Hopes Early Asian trading saw MSCI's broadest index of Asia-Pacific shares outside Japan climb 1%. This positive momentum was most evident in key regional markets. Japan's Nikkei 225 and South Korea's Kospi both advanced by over 2%, signaling robust investor confidence.Australia's S&P/ASX 200 gained 0.88% in its trading session. Meanwhile, Hong Kong's Hang Seng index futures settled at...

Trump Warns Iran Ships Will Be 'Immediately ELIMINATED' Amid Strait of Hormuz Blockade Washington, D.C. The escalating tensions in the Strait of Hormuz reached a critical point on Monday as U.S. President Donald Trump issued a severe warning to Iran’s naval vessels. Trump stated that any ships approaching American forces enforcing a blockade would be "immediately ELIMINATED."The direct threat came as the United States commenced a blockade on Iranian ports, following the breakdown of peace talks over the weekend. This development significantly raises the risk profile for global maritime trade in the region.U.S. Enforces Blockade on Iranian Ports The blockade officially began at 10 a.m. ET Monday (7.30 om IST). It targets maritime...

Gold, Silver Plummet as US-Iran Tensions Flare Amid Blockade Fears Global Commodity Markets Tank Amid US-Iran Geopolitical Flare-Up Precious metals experienced sharp losses on Monday, 13 April. The major commodity markets reacted strongly to the resurfacing tensions in the Middle East. These tensions flared up following the collapse of US-Iran peace talks over the weekend. The uncertainty has fueled significant concerns regarding inflation and the timeline for future central bank interest rate cuts.Globally, Comex April gold futures crashed sharply. The rate fell $161 per troy ounce, touching the day’s low of $4,626. This marks a major setback, erasing a significant portion of the recent gains and placing gold on track for its second...

US-Iran Talks Collapse: FPIs Panic Sell Stakes as Middle East Tensions Trigger Indian Market Downturn Foreign portfolio investors (FPIs) sharply reversed course, turning into net sellers of equity. This dramatic shift in sentiment followed the collapse of US-Iran talks, a development that saw US President Donald Trump ordering a navel blockade of the Strait of Hormuz.Despite the volatile global backdrop, domestic institutional investors (DIIs) provided a steady counterweight. The DIIs remained net buyers for the 31st consecutive day, acquiring shares worth ₹ 2,432 crore.FPI Sell-Off Continues Amid Geopolitical Stress The collapse of talks fueled significant selling pressure from the institutional layer. FPIs offloaded a total stake...

Misri Deepens Global Ties: India Targets AI, Defence Cooperation with France and Germany Amid Middle East Tensions Foreign Secretary Vikram Misri is spearheading a series of high-level diplomatic engagements across Europe, reinforcing India's strategic partnerships amid volatile global hotspots. His recent meetings in Paris and upcoming visit to Berlin underscore India's continued push for comprehensive international collaboration across critical modern sectors.Misri recently held a meeting with French Minister for Europe and Foreign Affairs, Jean-Noel Barrot, in Paris. The discussions centered on deepening bilateral cooperation and navigating complex global challenges.The talks covered pressing regional issues, specifically...

JAKSON Group Surges on Energy Solutions Push: Revenue Jumps 13% to Rs 9,000 Crore in FY26 JAKSON Group announced robust financial figures on Monday, reporting a 13 per cent jump in its revenue for the fiscal year 2026. The total revenue reached Rs 9,000 crore, marking a significant expansion compared to the previous year. This strong performance was substantially driven by the Distributed Energy Business (DEB) segment, which contributed approximately Rs 2,300 crore.Financial Performance Highlights FY26 Growth The financial results underscore the company's successful transition and scaling efforts within the critical energy sector. The 13 per cent revenue increase signals strong market acceptance for JAKSON’s diverse offerings. The...

Pirojsha Godrej Takes Helm as Godrej Industries Group Chairperson in Major Generational Succession Move The Godrej Industries Group (GIG) announced a significant leadership overhaul, marking a planned generational transition in its top executive structure. Pirojsha Godrej is set to take over the mantle of Chairperson of the conglomerate in August from his uncle, Nadir Godrej.Nadir Godrej's handover solidifies a multi-stage succession plan that involves leadership changes across several key entities within the diversified group. This strategic transition is aimed at ensuring sustained growth while preserving the established legacy.Leadership Transition Details Within Godrej Industries Group Pirojsha Godrej, who is the son of Nadir's...

US Markets Tumble: Geopolitical Fears Over Iran Trigger Dow's Steep Slide and Sell-Off The major US stock indices opened in the red on Monday, reflecting significant investor anxiety. Selling pressure swept through the market after the possibility of a diplomatic truce with Iran faltered following failed talks in Pakistan. This geopolitical development immediately cast a shadow over global financial markets.Index Downturn Amid Rising Tensions The broad market indices immediately reflected the uncertainty. The S&P 500 opened 0.21% lower, settling at 6,802.66. The tech-heavy Nasdaq Composite also saw losses, declining 0.23% to trade at 22,850.87.The sell-off was most pronounced in the Dow Jones Industrial Average. The index shed...

ICICI Prudential AMC Profits Surge 24%, Driven by Robust Full-Year Revenue Growth ICICI Prudential Asset Management Company has reported robust financial figures, signaling strong momentum in the asset management sector. The company announced a substantial profit increase for the March quarter, supported by higher levels of income.The results mark a period of sustained growth, coming after the company’s stellar stock market debut in December 2025.ICICI Prudential AMC Posts Strong Quarterly Profit Growth For the quarter ending March, the asset manager posted a significant profit after tax (PAT) of Rs 763.4 crore. This represents a solid 10.4 per cent rise compared to the corresponding quarter in the previous fiscal year.Management...

Gold Plunges Amid Fears of Strait of Hormuz Blockade, Signaling Global Energy Crisis Shock Gold futures plummeted on Monday, driven by heightened geopolitical tensions following US plans to blockade key ports in the Strait of Hormuz. The decline has intensified concerns regarding a potential worsening of the global energy crisis, putting significant pressure on commodity markets.On the domestic front, the yellow metal suffered a notable setback in the futures trade. Gold prices declined by Rs 1,162, settling at Rs 1.51 lakh per 10 grams for June delivery on the Multi Commodity Exchange. This represents a fall of nearly 1 per cent, trading in a business turnover of 7,739 lots.US Escalates Tension, Threatening Blockade of Iranian Gulf...