IKEA to roll out 10,000 sq ft compact stores for smaller cities across India in major retail strategy shift

IKEA will launch smaller stores in India. This is a shift in strategy to reach more customers. The stores will be as small as 10,000 square feet. These stores will be in smaller cities and neighbourhoods. Customers can access the full catalogue online. Home delivery and pick-up options will be available. IKEA is also planning expansion in tier II cities.

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Pakistan's move forces Indian flights into Rs 307 cr turbulence per month

Following the Pahalgam terror attack, the closure of Pakistan's airspace is projected to cost Indian airlines approximately Rs 77 crore weekly. Rerouting flights adds up to 1.5 hours, significantly increasing fuel and operational expenses. IndiGo has already adjusted routes and suspended some services. Other airlines anticipate operational strain, with wide-body operators better positioned to handle the disruption than budget carriers.

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After suspending Indus Waters Treaty, India may oppose IMF’s $1.3-billion loan to Pakistan

India is considering opposing a $1.3 billion IMF loan for Pakistan, citing concerns about terror support and fund misappropriation. The IMF board is set to evaluate the loan and the ongoing $7 billion bailout package.

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Have soiled, torn or damaged currency notes? Check RBI guidelines for exchange

The Reserve Bank of India has established guidelines for exchanging damaged currency notes, ensuring that individuals don't face financial losses due to soiled, mutilated, or severely damaged notes. Banks are mandated to accept these notes, with refunds depending on the extent of the damage, and severely damaged notes require RBI evaluation.

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NPCI bans nicknames in UPI payments - here’s how it will benefit users

To enhance security and transparency, NPCI mandates UPI apps to display only verified bank names for transactions by June 30, 2025. This directive aims to curb rising UPI frauds caused by misleading display names, ensuring users see the 'ultimate beneficiary name' from Core Banking System.

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ICRA warns of hit up to Rs 4,500 crore to Indian auto component exporters amid US tariffs

New US tariffs are expected to significantly impact India's automotive component sector, potentially reducing operating profits by 10-15%. ICRA forecasts a moderation in revenue growth for FY2026 due to anticipated decline in US exports. Despite these challenges, India aims to leverage its cost competitiveness and is seeking relaxed export controls and enhanced tech access from the US.

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Ather Energy IPO opens: Check GMP, subscription status, should you invest?

Ather Energy has launched its IPO to raise Rs 2,981 crore, featuring fresh equity shares and an Offer for Sale. The IPO proceeds will fund a new factory, debt repayment, R&D, and marketing. Analysts are positive, citing Ather's strong position in the growing electric two-wheeler market, despite reduced government subsidies.

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China lowers tax refund threshold for tourists in bid to boost consumer spending

China reduces the minimum purchase for foreign tourists to claim tax refunds. The new limit is 200 yuan. Earlier it was 500 yuan. The maximum rebate limit is now 20,000 yuan. The government aims to increase tax refund shops. They also plan to simplify the refund process. This move is to boost domestic consumption.

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Toyota Motor weighs partial investment in potential $42 billion buyout of key supplier

Toyota Motor is weighing options, including a partial investment, in a potential buyout of Toyota Industries, a key parts supplier. Reports suggest a $42 billion deal, but Toyota Industries denies receiving a direct proposal. The move could unwind cross-shareholdings and improve corporate governance, allowing Toyota Industries to focus on long-term growth.

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Vedanta Group plans potash mining venture, eyes Rajasthan block with potential lithium reserves

Hindustan Zinc Limited plans to enter potash mining in Rajasthan. The company aims to reduce India's reliance on potash imports. Hindustan Zinc will expand beyond zinc, lead, and silver into strategic critical minerals. They secured a gold block in Rajasthan and a tungsten block in Andhra Pradesh. The company reported a significant increase in net profit.

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India to seek relaxed export controls and tech access in bilateral trade deal with US: Report

India is set to formally request the US for relaxed export controls and greater access to advanced technologies, similar to that of close allies, under the proposed bilateral trade agreement. New Delhi seeks enhanced access in sectors like telecommunications, AI, and semiconductors, while pushing for tariff reductions on labor-intensive exports.

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Foreign investors dump $63 billion in US equities since March



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Vaishnaw urges electronics component makers to aim for 'Six Sigma' quality



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Zydus Lifesciences receives 6 observations from USFDA for Gujarat API unit



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Cholamandalam Investment and Finance delivers strong Q4; PAT up 25%, recommends final dividend



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Maruti Suzuki reports slight 1% dip in Q4 profit

Maruti Suzuki India reported a slight dip of 1% in its consolidated net profit for Q4 FY25, reaching Rs 3,911 crore. Despite this, the company experienced a healthy rise in revenue, with total income increasing to Rs 40,920 crore. For the full financial year, Maruti Suzuki posted a net profit of Rs 14,500 crore, a 7.

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Nestle India Q4 profit drops 6.5% to Rs 873 cr, sales up 3.7% to Rs 5,448 cr

Nestle India reported a 6.5% decline in consolidated net profit to Rs 873.46 crore for Q4 FY25, impacted by food inflation and moderated urban consumption. Despite this, domestic sales grew by 4.2%, reaching a record Rs 5,235 crore, driven by strong performance in beverages and confectionery. The company's board recommended a final dividend of Rs 10 per share.

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European Union fines Apple 500 million euros, Meta 200 million in separate cases

The European Union has fined Apple and Meta for violating the Digital Market Act (DMA), imposing penalties of 500 million and 200 million euros, respectively. Apple is penalized for restricting app developers from directing users to cheaper options outside the App Store. Meta faces fines for forcing users to consent to personalized ads or pay to avoid them.

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World Bank cuts India’s FY26 growth forecast to 6.3% citing global headwinds

The World Bank has lowered India's GDP growth forecast for FY 2025-26 to 6.3%, citing global economic headwinds and domestic policy uncertainties. The IMF also revised its projection downward to 6.2%. Across South Asia, growth projections have been broadly reduced, with the region expected to grow at 5.8% in 2025.

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'India's constructive engagement so far has been welcomed': US trade body announces progress on bilateral trade deal

The US and India have finalized terms for negotiating a Bilateral Trade Agreement, aiming for reciprocity and new market opportunities. Discussions seek to address practices detrimental to US workers, with the US Trade Representative highlighting a serious lack of reciprocity in the current trade relationship. Both nations reported substantial progress towards a mutually advantageous trade agreement.

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Who is Klaus Schwab? WEF founder steps down as Chairperson after 55 years

Klaus Schwab, the founder of the World Economic Forum (WEF), has stepped down as Chairperson and Board of Trustees member after 55 years. The WEF board has appointed Vice Chairman Peter Brabeck-Letmathe as interim Chairman and formed a committee to find a permanent successor. The board acknowledged Schwab's contributions in establishing the WEF as a platform for global cooperation.

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'Bargaining with a Tiger for its skin': China’s stark warning as US tariff fight escalates

China has strongly condemned growing US pressure on its trading partners, pledging to retaliate against actions harming its interests. Washington is reportedly urging allies to reduce trade with Beijing for tariff exemptions, which China views as coercive. Beijing insists on equality in trade talks and warns against protectionism, emphasizing its resolve to defend its rights amidst escalating tariffs.

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BHEL reports Rs 27,350 cr revenue in FY25, achieves record Rs 92,534 cr in new orders

Bharat Heavy Electricals Limited (BHEL) announced a 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record annual order inflow of Rs 92,534 crore, boosting its total order book to Rs 1,95,922 crore. BHEL commissioned 8.1 GW of power capacity, demonstrating its commitment to infrastructure development and operational excellence.

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'Don’t waste this crash': Rich Dad Poor Dad author says 'opportunity of lifetime' is here

Robert Kiyosaki, the author of Rich Dad Poor Dad, predicts a financial crisis. He cites rising debt and struggling retirement funds as indicators. Kiyosaki advises people to invest in gold, silver, and Bitcoin. He believes these assets will increase in value. He also cautions against relying solely on traditional pensions. Kiyosaki emphasizes the importance of financial education and proactive planning.

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Yes Bank Q4 profit surges 63% YoY to Rs 738 crore, NII beats estimates



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Markets rally over 6% in 4 days, investors gain Rs 25.77 lakh cr- Key points

Indian markets concluded the week with significant gains, fueled by returning foreign investment and easing inflation. The Sensex and Nifty surged over 6% in four sessions, boosting investor wealth substantially. A favorable monsoon forecast and the RBI's accommodative stance further contributed to the market's positive momentum.

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Forex kitty rises for sixth consecutive week, up $1.567 bn to $677.835 bn



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NCLAT rejects BCCI, Riju Raveendran's plea for settlement in Byju's insolvency case



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Infosys Q4 net profit falls 11.7% to Rs 7,033 crore; revenue rises to Rs 40,925 crore

Infosys reported an 11.7% year-on-year drop in net profit for the March quarter, landing at Rs 7,033 crore, despite surpassing its full-year revenue guidance. While annual revenue increased by 6.06% to Rs 1,62,990 crore, the company projects a revenue growth of 0-3% for FY26. The board has proposed a final dividend of Rs 22 per share.

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Indian economy poised to overtake Germany, Japan in 3 years: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam projects India to surpass Germany and Japan, becoming the world's third-largest economy within three years. He envisions India potentially reaching the second position globally by 2047, with a USD 30 trillion economy. Subrahmanyam emphasized India's demographic advantage as a stable supplier of working-age individuals amid global population decline.

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Sensex surged 1,509 points, Nifty50 gained 414 points : 5 key reasons behind today's market rally

Indian benchmark indices surged for the fourth consecutive session, with the Sensex soaring over 1,500 points and the Nifty50 closing above 23,850. The rally was fueled by strong buying in financial stocks, driven by positive sentiment from US-Japan trade talks and weakening dollar.

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US investors to offload $800 billion of China equities? Goldman Sachs warns of 'extreme scenario' amid escalating trade war

Escalating US-China tensions could force US investors to divest $800 billion in Chinese equities, causing market volatility. India, with minimal trade exposure to the US, emerges as a potential manufacturing alternative, attracting foreign investment and benefiting from companies seeking to de-risk amid the trade war, despite facing structural challenges.

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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

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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Gold records new high at Rs 98K, soaring more than Rs 1,500 in one day

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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Dubai sets new world record with launch of costliest mocktail at Jimmydixs, Barcelo Hotel



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India can become 2nd largest iron ore producer after Australia: Vedanta chairman

Vedanta Group Chairman Anil Agarwal envisions India surpassing Brazil and China to become the world's second-largest iron ore producer, leveraging its substantial 33 billion tonnes reserves. India's iron ore production saw a 3.5% increase, reaching 236 MMT during April-January 2024-25. This growth could significantly boost the economies of states like Chhattisgarh, Jharkhand, and Odisha.

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Citizens Financial Group opens new GCC in Hyderabad in partnership with Cognizant



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World's top 10 busiest airports: Atlanta, Dubai top list; IGI lands at 9



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China warns UK government to treat Chinese owners of British Steel fairly

China has cautioned the U.K. government regarding British Steel. This follows the U.K. authorities' recent takeover of the company. China urges fair treatment of Jingye Group, the Chinese owners. They fear undermining investor confidence. The U.K. government has appointed a new executive team. Their goal is to maintain steel production at the Scunthorpe plant.

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Global markets rally as Trump exempts electronics from tariffs; DAX & FTSE 100 lead gains

Global markets surged following President Trump's temporary tariff exemption on electronics, boosting tech stocks and investor confidence. European and Asian markets saw significant gains, with the DAX, CAC 40, Nikkei 225, and Hang Seng Index leading the rally. Despite easing trade tensions, analysts warn that prolonged friction between the US and China could still trigger a global economic slowdown.

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How Mehul Choksi was tracked down and arrested in Belgium after years on run

Fugitive diamond merchant Mehul Choksi, wanted in connection with the Rs 14,000 crore PNB scam, has been arrested in Belgium following renewed extradition efforts by Indian probe agencies. After evading authorities since 2018, Choksi was detained from a hospital where he was receiving medical treatment. Indian agencies are completing extradition procedures, while Choksi may seek relief on medical grounds.

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Market cap of five top Indian firms rises by Rs 84,559 crore; HUL tops gainer

During a holiday-shortened week, five of India's top ten companies saw their combined market valuation increase by ₹84,559.01 crore, even as the broader market experienced a slight decline. Hindustan Unilever emerged as the top gainer, while Reliance Industries maintained its position as the most valued Indian company. TCS experienced the steepest drop in market capitalization among the decliners.

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FPIs withdraw Rs 31,575 cr from Indian equities in April amid US tariff turmoil

Foreign Portfolio Investors have withdrawn a significant Rs 31,575 crore from Indian equity markets in April, influenced by global uncertainties arising from US tariffs. This outflow contributes to a total of Rs 1.48 lakh crore withdrawn in 2025. Experts suggest that India's strong fundamentals and potential for growth may attract FPIs back once global market turbulence subsides.

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India, 62 nations back global carbon tax on shipping at UN maritime meet

India supported a global carbon tax on shipping. The UN agency, IMO, passed the measure to cut ship emissions. Ships must use cleaner fuels or pay a pollution fee. The tax aims to generate funds for decarbonizing the shipping sector. Some nations opposed the move. Technical details are yet to be finalized.

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Indian semiconductor market to double by 2030, hitting $108 billion: UBS report

India's semiconductor industry is poised for significant expansion. A UBS report projects a doubling of end-demand revenues by 2030. The market is expected to grow at a 15 per cent CAGR. Localisation efforts will contribute substantially to revenue. India's talent pool and supportive policies are key drivers. Multinational companies are diversifying supply chains, benefiting India.

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Foot-and-mouth disease outbreak prompts mass animal culls and border closures in Central Europe

Central Europe is grappling with a foot-and-mouth disease outbreak, leading to mass animal culls and border closures among Hungary, Slovakia, and Austria. Originating in Hungary, the highly contagious virus has spread rapidly, prompting disinfection efforts and border restrictions. Amidst economic concerns and investigations into the outbreak's cause, affected farmers face significant challenges in rebuilding their livelihoods.

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Gold prices surge to Rs 96,450 to all time high amid US-China trade war

Gold prices in India surged to a record high of Rs 96,450 per 10 grams, driven by strong demand and escalating US-China trade tensions. Global spot gold reached USD 3,237.39 per ounce, fueled by safe-haven demand amid economic uncertainty. Analysts predict a continued bullish trend for gold due to geopolitical instability and central bank diversification away from the US dollar.

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NSE crosses 22 crore investor accounts after adding 2 crore in just 6 months

The National Stock Exchange of India (NSE) has surpassed 22 crore investor accounts, adding 2 crore in just six months. As of March 31, 2025, unique registered investors stood at 11.3 crore. Maharashtra leads in investor accounts, followed by Uttar Pradesh and Gujarat. Over the past five years, the Nifty 50 Index delivered a 22 per cent annualised return.

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Stock market today: Sensex jumps over 1,500 points, Nifty nears 22,900

Indian equity markets surged on Friday, mirroring a global rebound and fueled by value buying across sectors. The Sensex soared over 1244 points, while the Nifty 50 climbed more than 400 points, driven by positive domestic cues and expectations of steady inflation. Experts suggest long-term investors consider selective buying in financials and pharmaceuticals.

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Trump’s tariff war: 5 reasons why Xi Jinping isn’t blinking

Donald Trump paused tariffs on most nations but increased levies on China. China retaliated and called for mutual respect in dialogue. The trade war threatens global supply chains and economic stability. Xi Jinping prepares for long-term confrontation, reducing reliance on the US. Both countries face economic pain, but neither leader is willing to back down. The situation is a deadlock.

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