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What is the story about?
Global markets slipped back into risk-off mode as tensions escalated in West Asia, with Donald Trump warning of continued military action against Iran. His remarks dampened hopes of a quick resolution, pushing oil prices higher—WTI even overtook Brent—while equities turned volatile.
Back home, Dalal Street saw sharp swings. Weak global cues dragged markets lower early on, but a late recovery helped limit losses. The rupee stood out, rallying nearly ₹2 to 93.02 per dollar, supported by intervention from the Reserve
Bank of India.
On the corporate front, deal momentum and policy support offered some cushion. Emirates NBD moved closer to a majority stake in RBL Bank, while the government opened a temporary domestic sales window for SEZ units. Still, sectoral pressure persisted, with pharma stocks sliding on fresh US tariff concerns, highlighting the ongoing global overhang.
Trump says US is going to send Iran to 'stone ages where it belongs', vows attacks for next 2-3 weeks
United States President Donald Trump addressed his nation and the world on the US position on the ongoing war that the US and Israel waged on Iran more than a month ago.
Read More
Also Read: Donald Trump fact-checked: Here are the false claims made by US president during his Iran speech
WTI jumps above Brent as crude rally accelerates on West Asia tensions
With Donald Trump dousing hopes of a swift conclusion to the ongoing West Asia conflict, global equities came under pressure on Thursday (April 2), while oil prices resumed their rally after a brief cooling-off.
Read More
Explained - The big Dalal Street reversal on Thursday and the factors that led to it
GIFT Nifty down nearly 500 points, oil prices back at $110 a barrel, Dow futures down nearly 600 points, US Dollar index at 100, the index drops nearly 500 points in the first two hours of trade - Sounds like any other risk-off day.
Read More
Rupee gains nearly ₹2 to 93.02 per dollar on RBI action
The Indian rupee strengthened sharply against the US dollar on Thursday (April 2), gaining nearly ₹2 from Monday’s (March 30) closing levels, as policy measures by the Reserve Bank of India (RBI) supported the currency.
Read More
Also Read: Jayesh Mehta explains what RBI fixed and why the rupee is reacting now
Emirates NBD gets RBI nod for RBL Bank stake acquisition
Emirates NBD has secured key regulatory approvals for its proposed acquisition of a majority stake in RBL Bank, bringing the transaction closer to completion.
Read More
SEZ domestic sales window opens: Govt’s one-year relief targets export slowdown amid global tensions
Export-oriented sectors such as textiles, electronics and consumer durables, automobile components, chemicals, and medical equipment are set to benefit from a new government notification operationalising a key Budget announcement that allows Special Economic Zone (SEZ) manufacturing units to sell in the domestic market under a calibrated, time-bound framework.
Read More
From a ₹10 disruptor to a ₹1,200 crore play: How Lahori Zeera is taking on India’s beverage giants
For decades, India’s ₹60,000 crore beverage market has been dominated by global giants. In 2016, three cousins from Punjab—Nikhil Doda, Saurabh Munjal, and Saurabh Bhutna—set out to challenge that playbook with a product rooted in Indian taste and priced for scale.
Read More
Nifty Pharma index drops 3% as US tariff fears hit Sun Pharma, peers
The Nifty Pharma index declined 3.5% on Thursday, April 2, tracking a sharp sell-off in frontline stocks. Shares of Sun Pharmaceutical Industries fell 6% following reports that the Trump administration may impose tariffs on drugmakers. Other pharma stocks also traded lower in tandem with India's largest drugmaker
Read More
Also Read: Trump administration gears up for new tariffs on select drugmakers
Why NASA's Artemis II Crew is ‘loitering’ 24 hours around Earth before their moonshot
NASA's Artemis II astronauts are now concentrating on the next significant obstacle in their historic mission—a challenging first day in space that will decide if the team is cleared to travel to the Moon.
Read More
Government's Draft Social Media Rules Spark Censorship Fears | Social Media New Rule | India
The government’s draft social media rules have sparked a major debate, with critics warning of potential risks to free speech and digital expression. The proposed amendments to India’s IT Rules aim to tighten oversight on online platforms, influencers, and content creators, but have also raised concerns about possible censorship.
We'll see you on Monday with another engaging 'Top 10@10’
Back home, Dalal Street saw sharp swings. Weak global cues dragged markets lower early on, but a late recovery helped limit losses. The rupee stood out, rallying nearly ₹2 to 93.02 per dollar, supported by intervention from the Reserve
On the corporate front, deal momentum and policy support offered some cushion. Emirates NBD moved closer to a majority stake in RBL Bank, while the government opened a temporary domestic sales window for SEZ units. Still, sectoral pressure persisted, with pharma stocks sliding on fresh US tariff concerns, highlighting the ongoing global overhang.
Trump says US is going to send Iran to 'stone ages where it belongs', vows attacks for next 2-3 weeks
United States President Donald Trump addressed his nation and the world on the US position on the ongoing war that the US and Israel waged on Iran more than a month ago.
Read More
Also Read: Donald Trump fact-checked: Here are the false claims made by US president during his Iran speech
WTI jumps above Brent as crude rally accelerates on West Asia tensions
With Donald Trump dousing hopes of a swift conclusion to the ongoing West Asia conflict, global equities came under pressure on Thursday (April 2), while oil prices resumed their rally after a brief cooling-off.
Read More
Explained - The big Dalal Street reversal on Thursday and the factors that led to it
GIFT Nifty down nearly 500 points, oil prices back at $110 a barrel, Dow futures down nearly 600 points, US Dollar index at 100, the index drops nearly 500 points in the first two hours of trade - Sounds like any other risk-off day.
Read More
Rupee gains nearly ₹2 to 93.02 per dollar on RBI action
The Indian rupee strengthened sharply against the US dollar on Thursday (April 2), gaining nearly ₹2 from Monday’s (March 30) closing levels, as policy measures by the Reserve Bank of India (RBI) supported the currency.
Read More
Also Read: Jayesh Mehta explains what RBI fixed and why the rupee is reacting now
Emirates NBD gets RBI nod for RBL Bank stake acquisition
Emirates NBD has secured key regulatory approvals for its proposed acquisition of a majority stake in RBL Bank, bringing the transaction closer to completion.
Read More
SEZ domestic sales window opens: Govt’s one-year relief targets export slowdown amid global tensions
Stacked containers at the Uiwang Inland Container Depot in Uiwang, South Korea, on Tuesday, Sept. 12, 2023. Photographer: SeongJoon Cho/Bloomberg
Export-oriented sectors such as textiles, electronics and consumer durables, automobile components, chemicals, and medical equipment are set to benefit from a new government notification operationalising a key Budget announcement that allows Special Economic Zone (SEZ) manufacturing units to sell in the domestic market under a calibrated, time-bound framework.
Read More
From a ₹10 disruptor to a ₹1,200 crore play: How Lahori Zeera is taking on India’s beverage giants
For decades, India’s ₹60,000 crore beverage market has been dominated by global giants. In 2016, three cousins from Punjab—Nikhil Doda, Saurabh Munjal, and Saurabh Bhutna—set out to challenge that playbook with a product rooted in Indian taste and priced for scale.
Read More
Nifty Pharma index drops 3% as US tariff fears hit Sun Pharma, peers
The Nifty Pharma index declined 3.5% on Thursday, April 2, tracking a sharp sell-off in frontline stocks. Shares of Sun Pharmaceutical Industries fell 6% following reports that the Trump administration may impose tariffs on drugmakers. Other pharma stocks also traded lower in tandem with India's largest drugmaker
Read More
Also Read: Trump administration gears up for new tariffs on select drugmakers
Why NASA's Artemis II Crew is ‘loitering’ 24 hours around Earth before their moonshot
NASA's Artemis II astronauts are now concentrating on the next significant obstacle in their historic mission—a challenging first day in space that will decide if the team is cleared to travel to the Moon.
Read More
Government's Draft Social Media Rules Spark Censorship Fears | Social Media New Rule | India
The government’s draft social media rules have sparked a major debate, with critics warning of potential risks to free speech and digital expression. The proposed amendments to India’s IT Rules aim to tighten oversight on online platforms, influencers, and content creators, but have also raised concerns about possible censorship.
We'll see you on Monday with another engaging 'Top 10@10’
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