Business

The pursuit of advanced aerial mobility received a significant boost with the Technology Development Board (TDB), Department of Science & Technology (DST), announcing a major collaborative initiative. TDB has formalized an agreement with Casey Aviation Private Limited, based in Gurugram.This partnership focuses on developing the "Boost Electric Jump Take-Off (BE-JTO)" system. The project is supported by a conditional grant through the prestigious India-UK Collaborative R&D Programme for Industrial Sustainability, involving UK-based ARC Aerosystems Ltd.Driving Next-Generation Propulsion Technology The core of the project is centered on developing an advanced hybrid propulsion-based Jump Take-Off (JTO) system. This system is...

Gold and Silver Plunge as Strait of Hormuz Blockade Fears Trigger Global Market Sell-Off Precious metals traded under significant pressure on Monday, reacting sharply to fresh geopolitical tensions. The global sentiment took a downturn after the US announced a blockade of the Strait of Hormuz, dampening investment enthusiasm. This uncertainty led both gold and silver futures, both domestically and internationally, to register notable declines.MCX Gold and Silver Dip Amid Geopolitical Scare On the Multi Commodity Exchange (MCX), both yellow and white metals witnessed considerable selling pressure. Gold futures (June 5 contract) declined sharply by 0.78 per cent or Rs 1,195, reaching an intraday low of Rs 1,51,457 per 10 gram. Silver...

Bitcoin dipped sharply in early trade on April 13, falling below the $71,000 mark. Trading recovered somewhat by 10:22 IST, settling at $70,876, marking a 0.97 percent loss over the last 24 hours. This pullback reflects heightened geopolitical uncertainty, particularly following the failure of expected US-Iran peace talks, adding stress to an already sensitive macro environment.Market sentiment remains cautious rather than panicked. Experts are closely monitoring key indicators such as oil prices, bond movements, and overall market volatility to gauge a clearer direction.Navigating Geopolitical Uncertainty and Bitcoin's Technical Dip The recent dip in Bitcoin to the $70K zone highlights the intense correlation between global macro...

Swiss Private Bank UBP Resumes Aggressive Gold Buying After Major Sell-Off Union Bancaire Privée (UBP) has restarted its buying spree of gold bullion, despite a recent decline, maintaining strong long-term bullish conviction. The Swiss private bank is gradually re-adding gold to discretionary client portfolios, having previously cut its exposure by 3% from an initial level of around 10%.This buying move comes after the metal experienced a slump following geopolitical tensions, particularly related to the Iran conflict. Gold had tumbled by around a 10th since the war began, driven by fears of higher interest rates and acute liquidity squeezes that prompted widespread loss-covering sales among traders.Paras Gupta, Head of...

India's automotive sector is set to receive a significant reprieve following the Ministry of Power's release of revised draft norms. The government has proposed updated Corporate Average Fuel Efficiency (CAFE) norms for the 2027-2032 cycle. This move aims to provide the industry with a more measured and commercially viable compliance pathway.The revised draft of the CAFE norms represents the third stage of India's fleet-level fuel economy roadmap. It signals a notable softening compared to the previous September 2025 drafts. Industry watchers suggest this adjustment is designed to manage the transition while preserving long-term environmental objectives.Strategic Shift to Phased Compliance Curve Crucially, the government has...

Emiac Technologies made a powerful debut on the Indian stock market on Monday, April 13. The company's share price listed at a significant 10% premium, drawing immediate attention from investors. This strong initial performance signaled a highly favorable reception from market participants towards the tech firm.Emiac Technologies Markets a Strong Debut The stock opened on the BSE SME platform, establishing a notably high valuation from day one. The listing served as a clear indicator of investor confidence in the sector. Analysts observing the debut noted that the strong performance underscores the market's current appetite for technology-driven companies.Emiac Technologies’ share price opened at ₹ 107.80 apiece on BSE SME. This...

Safety Controls & Devices made a robust market debut today, listing at ₹83 apiece on the BSE SME platform. This represents a solid 3.75% premium over the company's Initial Public Offering (IPO) price of ₹80. The listing performance came in a complex backdrop, as broader market indices saw significant declines.Safety Controls & Devices IPO Performance and Listing Details The IPO listing saw the stock debut at ₹83, outperforming the Grey Market Premium (GMP) which had suggested a listing at the original offer price of ₹80. The company's IPO was initially subscribed 1.23 times in total.Demand for the issue was strong from Non-Institutional Investors (NII), whose segment received a subscription of 2.78 times. Meanwhile, Qualified...

Major Holiday Alert: Which Cities See Bank Shutdown on April 14 Due to Ambedkar Jayanti and Baisakhi? Bank operations across various parts of India are set to observe regional shutdowns on April 14, 2026. This closure is mandated by the Reserve Bank of India (RBI) calendar due to the confluence of major national and regional observances.The day marks Dr Babasaheb Ambedkar Jayanti and coincides with significant festivals, including Maha Vishuva Sankranti, Bohag Bihu, and Baisakhi. These multiple observances have led to scheduled bank closures in many states.However, industry experts caution that bank holidays are highly varied by region. Therefore, the shutdown on April 14 will not be uniform across the entire country.Understanding...

Shares of India's Oil Marketing Companies (OMCs) saw significant selling pressure on Monday, April 13. The plunge was triggered by a sharp and dramatic spike in global crude oil prices, which vaulted above the $100 mark. This sharp movement signals growing global energy market anxiety.OMCs Face Selling Pressure Amid Price Shock Oil PSU stocks, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), faced considerable downward momentum. The selling pressure was directly correlated with crude oil's dramatic rise. The volatility highlights how fundamentally linked the profitability of these energy giants is to global commodity movements.The OMCs...

Crude oil prices witnessed a sharp rally on Monday, April 13, surging by nearly 7.4%. The massive upward movement is directly linked to escalating geopolitical risks following the US Navy's announcement of potential blockades in the volatile Strait of Hormuz.This rapid price spike signals heightened global supply concerns. Market sentiment has shifted sharply following the failure of peace talks between the US and Iran.Geopolitical Tensions Trigger Price Spike in Energy Markets The primary catalyst fueling the oil surge is the escalating military posturing in the Persian Gulf. US Central Command announced preparations to blockade vessels entering or leaving Iranian ports via the Strait of Hormuz.This move follows a period of...

Swiggy Ltd.'s shares dropped significantly over 4% during early trading on Monday, reacting to a substantial board shakeup. The sell-off followed the announcement of co-founder Nandan Reddy stepping down from the company's board effective April 10. This transition marks a key founding-level shift for the quick commerce and food delivery platform.The immediate volatility was amplified by the resignation of Lakshmi Nandan Reddy Obul, who served as whole time director and head of innovation, also citing personal professional interests. Group CEO Sriharsha Majety acknowledged Reddy's deep contributions, describing him as a "vital collaborator and a visionary force" integral to Swiggy's evolution.Swiggy Reports Major Board Shakeup...

Jyoti CNC Automation's share price fell sharply by over 14% on Monday, April 13, reacting to news of an investigation into its subsidiary. The probe centers on alleged breaches of European Union (EU) export control regulations pertaining to dual-use technology machinery.The inquiry comes from French authorities targeting Huron Graffenstaden SAS, the company's subsidiary. The investigation has resulted in significant interim financial actions against the unit. These steps include the freezing of EUR 4.00 million in bank accounts and limiting the director general's responsibilities.Deep Dive into French Investigation and Corporate Response The official action against the subsidiary also included the attachment of two residential...

The market on April 13 remained highly reactive, with stocks moving sharply based on corporate news, major contract wins, and escalating sector-specific triggers. News flow continues to dictate the trading environment, leading to significant outperformance in certain infrastructure stocks while major sectors like banking and aviation faced considerable selling pressure.Infrastructure Gains Drive Enviro Infra Surge Enviro Infra Engineers dominated positive market attention after announcing major contract wins. The company reported securing two lucrative projects, valued at Rs 972.2 crore, from the Swachh Maharashtra Mission Directorate. This significant corporate development fueled a massive surge, propelling Enviro Infra’s shares up...

Korea Exports Surge 36.7% on AI Semiconductor Boom, Hitting All-Time Record High South Korea posted stellar trade figures for the first ten days of April, with exports jumping a massive 36.7 per cent year-on-year. The surge, which reached US$25.2 billion, established a new export record for the first ten days of the month. This significant performance was overwhelmingly driven by robust overseas demand for advanced semiconductors, signaling the continued strength of the global artificial intelligence cycle.Semiconductor Boom Powers Record Export Figures The semiconductor sector was the primary engine of growth, with exports surging a remarkable 152 per cent year-on-year. At US$8.6 billion, this figure not only marked the highest...

India’s Data Centre Sector Set for Massive Surge, Projected to Reach $22 Billion by 2030 India is rapidly emerging as a major data centre hub in the Asia-Pacific region. The country's data infrastructure market is on the verge of exponential growth, with valuations expected to more than double over the next decade. A recent industry report highlights the strong investment confidence and the immense potential driving the sector's transformation.The market, currently valued at approximately $10 billion in 2025, is projected to soar to $22 billion by 2030. This dramatic escalation underscores the accelerating pace of digital transformation across nearly every industry in the country.Trajectory of Investments and Capacity Expansion The...

Understanding Bank Holiday Variations Banking services in India operate under a complex calendar system. Bank holidays vary significantly from state to state and are determined by national, regional, and religious observances. Customers must check the specific regional list for accurate information regarding bank operational status.In addition to these festival holidays, banks are routinely closed on the second and fourth Saturdays, alongside all Sundays throughout the month. The Reserve Bank of India (RBI) calendar guides these crucial closures for the financial year 2026-27.Detailed Breakdown of Bank Closures in April April is slated to be a month with several targeted regional closures. The calendar outlines closures based on...

Two supertankers carrying Iranian crude oil have anchored near Indian ports, signaling a significant potential shift in global energy trade. This arrival marks the first such cargoes to be seen in the country in nearly seven years, coming amidst heightened geopolitical tension. The development challenges previous US sanctions efforts aimed at limiting Tehran's export capacity.Geopolitical Context: Bypassing US Sanctions Regime India has refrained from receiving Iranian oil since 2019, primarily due to international US sanctions. However, a recent US waiver was issued that allowed for purchases of crude oil already loaded onto tankers, attempting to mitigate the impact of global instability.The world's third-largest crude importer...

Sensex Slumps and Rupee Plunges as Crude Oil Jumps Amid West Asia Tensions The Indian currency, the Rupee, saw a notable depreciation in early trading on Monday, while domestic equity markets registered a steep decline. This volatility was primarily fueled by mounting geopolitical tensions in West Asia and a surge in global crude oil prices.The Sensex plummeted 2.06 per cent, and the Nifty also tumbled, reflecting investor caution amid the escalating global economic uncertainty.Rupee Faces Pressure Amid Global Crude Surge The rupee depreciated 49 paise, trading at 93.32 against the US dollar in early deals. This marks a significant move from its previous closing level of 92.83 on Friday.Forex traders noted that renewed tensions in...

Sensex Plunges 2.16% As Geopolitical Tensions Spike and Oil Prices Surge Back Above $105 Domestic equity markets traded sharply lower on Monday, grappling with weak global sentiment. The primary catalyst for the sell-off was the failure of US and Iran peace talks to make progress. This escalating geopolitical risk, coupled with a surge in crude oil prices, drove selling pressure across major benchmarks.Domestic Benchmarks Sink Amid Selling Panic The Sensex plunged significantly, falling as much as 2.16 per cent or 1,675 points to close at 75,874.85. Nifty mirrored the decline, trading at 23,555, down 2.05 per cent, losing approximately 500 points.Selling pressure was widespread, hitting key sectors including banking and financial...

India’s fixed-income market reacted sharply on April 13, seeing the benchmark 10-year government bond yield rise by 6 basis points. The significant movement was primarily triggered by a surge in global crude oil prices, which intensified pre-existing concerns regarding inflation. Tensions heightened dramatically after President Donald Trump ordered a blockade of the Strait of Hormuz, following the collapse of weekend peace talks involving Iran.Government Bond Yields Climb Amid Energy Shock Fears At the opening trade on April 13, the 10-year bond yield was observed at 6.974 percent. This represented a 6 basis point increase from its previous closing level of 6.912 percent. Global markets are currently highly sensitive, reflecting deep...