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The development comes at a time when several global companies, including Amazon, Intel and Goldman Sachs, are also cutting jobs amid the growing influence of AI and global economic uncertainty

The 30-share BSE Sensex rallied 1,210.68 points to reach 75,057.83 in early trade, while the NSE Nifty climbed 388.35 points to 22,787.50. The gains came after the US announced a 90-day suspension of additional tariffs on India, effective until July 9, as per executive orders from the White House.

In early trade at the interbank foreign exchange, the rupee opened at 86.22 against the US dollar, marking a gain of 46 paise from its previous close. It later strengthened further to 86.17. On Wednesday, the local currency had settled at 86.68 against the greenback.

By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival

Tata Consultancy Services (TCS) — whose earnings marked the official start of IT results season — reported a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period

The order relates to “mismatch” in service tax abatement availed by the company; hospitality firm to file an appeal

The investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice indictment in a bribery case in November last year

Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions

Trump announced the revised levies in a post on Truth Social on Wednesday midday as the markets were in tumult for another day over the tariffs, this time with the sell-off treasury bonds

The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America’s trading partners bewildered about what the president is attempting to achieve

The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing

The campus, which will be set up in Dubai International Academic City, is expected to be launched later this year. It will offer one-year MBA course for global market

The 25 basis points rate cut is expected to boost demand for home, auto, and personal loans, particularly in tier 2 and tier 3 markets, where borrowers are more sensitive to interest rates, said Binod Kumar, MD and CEO of Indian Bank. With retail loans having grown over 18 percent year-on-year, a lower interest rate environment could further drive consumption and strengthen economic momentum.

The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections

The authorisation will allow Resilient to facilitate various payment-related services, including transactions through its own payment gateway, a statement from BharatPe said

Sanjay Malhotra said that trade tariff related measures have clouded the economic outlook across regions, posing risk of new headwinds for global growth and inflation

It may be noted that the growth projection for the current year has been marked down by 20 basis points relative to our earlier assessment of 6.7 per cent in the February policy": RBI Governor

Currently, the transaction limit for UPI stands at ₹1 lakh for both person-to-person (P2P) and person-to-merchant (P2M) payments. However, certain P2M transactions are allowed higher limits, with some capped at ₹2 lakh and others at ₹5 lakh, depending on the use case.

“With massive 104 per cent tariffs on China expected to take effect today, markets are in turmoil and uncertainty is at its peak. The future of global trade and the broader economy amid this chaos is still unclear,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Forex traders noted that even with a sharp decline in crude oil prices and a weakening US dollar, concerns over a potential global trade war continued to spark fears of an economic downturn, triggering foreign fund outflows and leaving stock markets in a state of shock.

The RBI slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US

Trump's higher import tax rates on dozens of countries and territories took hold at midnight

As per the list, Tata Consultancy Services retained the top spot, followed by Accenture (#2) and Infosys (#3)

The Indian currency logs the maximum single-day loss on April 8. It earlier recorded such a steep loss in one session on January 13 this year, when it had depreciated by 66 paise