Economy / Market Snapshot – April, 2025

General News

• PM Modi chairs high level security meeting with Defence Minister & top officials in wake of Pahalgam terror attack.
• India suspends Indus Waters Treaty, shuts Attari Border in strong response to Pakistan.
• Govt convenes all-party meeting in New Delhi over Pahalgam terror attack.
• India retaliates as Pakistan violates LoC ceasefire after Pahalgam attack.
• Both Houses of Parliament adjourned sine die; Budget session concludes.
• Lok Sabha registers 118% productivity during the Budget Session; Rajya Sabha stood at 119%.
• Cabinet approves caste census in upcoming population census.
• Parliament clears Waqf Amendment Bill with 128 members voting in favour and 95 against it.
• Immigration and Foreigners Bill gets president’s assent, becomes law.
• Centre approves ₹1,280 crore disaster aid for Bihar, Himachal, Tamil Nadu & Puducherry.
• Centre releases over ₹4,200 crore to Andhra for Amaravati capital project.
• Indian Navy signs deal for design & development of medium-speed marine diesel engine.
• India signs deal with France to procure 26 Rafale Marine fighter Jets.
• ISRO achieves milestone as its SpaDex mission successfully completes 2nd satellite docking.
• India sends second batch of BrahMos missiles to Philippines, strengthening Indo-Pacific security.
• PM Modi attends 6th BIMSTEC Summit; describes forum vital platform for promoting global good.
• India-Sri Lanka sign agreements in defence, energy & trade sectors.
• India and Saudi Arabia sign 4 MoUs; agreed to expand the India-Saudi Arabia Strategic Partnership.
• India-Japan discuss ways to sustain secure maritime environment conducive for inclusive growth.
• India & Thailand ink 6 agreements in various fields during bilateral talks between PM Modi and Thai PM Shinawatra.
• President Droupadi Murmu embarked on two-nation state visit to Portugal and Slovakia.
• PM Modi inaugurates India’s 1st vertical lift sea bridge in Rameswaram on Ram Navami.
• India launches first indigenous hydrogen fuel cell inland waterway vessel under the Harit Nauka initiative in Tamil Nadu’s Thoothukudi.
• President Murmu presents Padma Awards 2025 at Civil Investiture Ceremony-I at Rashtrapati Bhavan.
• MA Baby elected CPI(M) General Secretary, Prakash and Brinda Karat step down from party’s central committee.
• Naveen Patnaik re-elected BJD president for record 9th term.
• AIADMK, BJP seal deal for 2026 Tamil Nadu Assembly elections.
• Andhra kicks off ₹65,000 crore Amaravati project, invites PM Modi for launch.
• Telangana government reverses its decision to demolish the Kancha Gachibowli site, to develop it into one of the world’s largest eco-parks.
• Justice B R Gavai appointed as next Chief Justice of India.
• SC declares Tamil Nadu Governor’s reservation of 10 bills to President as ‘illegal and erroneous’.
• President should decide on bills reserved for her consideration by Governors within three months: SC.
• ED files chargesheet against Congress leaders Sonia Gandhi & Rahul Gandhi in National Herald case.
• 26/11 Mumbai terror attack key accused Tahawwur Rana remanded to NIA custody for 18 days.
• Belgium police arrest fugitive diamond trader Mehul Choksi.
• Centre assures SC of temporary suspension on key Waqf Provisions.
• Pope Francis, first Latin American pontiff, dies at 88; Former ISRO Chairman Dr K Kasturirangan passes away at 84.
• US President Trump accuses Zelensky of prolonging Russia-Ukraine war.
• North Korea confirms sending troops to support Russia in Ukraine.
• UK steps up Ukraine aid as Western allies rally to secure arms, ammunition.
• Hamas rejects ceasefire offer as far-right Israeli lawmakers call for escalation in Gaza.
• US to withdraw 600 troops from Syria, leaving fewer than 1,000 to help counter IS militants.
• Harvard rejects Trump administration demands, gets hit by $2.3 billion funding freeze.
• Trump administration backtracks on revoking student visas.
• Canada Elections: PM Carney’s Liberal Party declares victory; Conservative leader Poilievre concedes defeat.
• Bangladesh, Pakistan hold Foreign Office Consultation after 15 years.
• Saudi Arabia bans visas for 14 countries, including India, ahead of Hajj.
• Maldives bans entry of Israelis in ‘resolute solidarity’ with people of Palestine.
• Japan’s population declines for 14th consecutive year as aging crisis deepens.
• Sourav Ganguly re-appointed as Chairperson of ICC men’s cricket committee.
• IPL 2025: Royal Challengers Bengaluru (RCB) are leading the points table with 14 points.
• Vaibhav Suryavanshi becomes youngest centurion in IPL history.
• Kohli becomes first batter to score 1000 boundaries in tournament.

Business News

• Finance Minister interacts with pension fund managers, tech leaders in US; seeks collaboration on AI front.
• PM Modi, US Vice President Vance discuss mutually beneficial India-US trade agreement.
• Union Minister Piyush Goyal meets UK Trade Secretary in London.
• Govt unveils ₹23,000 crore electronics components manufacturing scheme to boost domestic production.
• Centre imposes 12% safeguard duty on steel imports to protect domestic industry.
• Govt procures 100 lakh bales of cotton under MSP, pays ₹37,450 crore to 21 lakh farmers.
• Centre procures 340,000 tonnes of tur so far under price support scheme.
• Govt hikes excise duty on petrol, diesel by ₹2/ltr; retail prices unchanged.
• India, Saudi Arabia agree to boost global oil market stability, clean energy cooperation.
• PM Modi offers linking UPI with payment systems of BIMSTEC nations.
• WPI inflation declines to 2.05% in March 2025; retail inflation eases to 67-month low of 3.34% in March.
• IMF projects global growth of 2.8% in 2025 & 3% in 2026; cuts India growth forecast to 6.2% for FY26.
• Piyush Goyal meets Starlink delegation, discusses tech & investment plans in India.
• NHAI increases toll charges by 4-5% nationwide to fund highway expansion.
• Karnataka cabinet clears gig workers welfare bill, proposes cess on Amazon, Uber, other platforms.
• Karnataka transport minister orders implementation of HC directive to halt bike taxi services.
• NSE revises criteria for listed SME companies to shift to main board.
• ED to share data with Indian Cybercrime Coordination Centre to combat cybercrime.
• RBI reduces repo rate by 25 bps to 6% from 6.25%, changes stance to accommodative.
• PwC wraps up IndusInd Bank’s accounting review; forensic probe by Grant Thornton underway.
• PB Fintech’s subsidiary PB Pay gets RBI nod to operate as online payment aggregator.
• Trump announces 26% reciprocal tariff on India and retaliatory tariffs of up to 245% on Chinese imports.
• US announces 90-day tariff pause for all but China.
• G-7 central banks prepare first policy responses to Trump tariffs chaos.
• ECB cuts interest rates to 2.25% amid slowing growth, trade tensions.
• India’s exports register growth of 5.5% to hit record $820.93 billion in FY 2024-25.
• US remains India’s largest trading partner for fourth consecutive year in 2024-25.
• Paras Defence and Space Technologies inks pact with Israel’s MicroCon for drone camera supply.
• MoD inks contract with BEL for EW suits & other kits for Mi-17 V5 copters.
• India’s car exports hit record in FY25, Maruti leads the way.
• Domestic passenger vehicle sales reach new peak in FY25, driven by SUV demand.
• Elon Musk’s Tesla launched in Saudi Arabia; first showroom and service center opens in Riyadh.
• M&M to acquire 58.96% stake in SML Isuzu for ₹555 crore at ₹650 per share.
• India ends transshipment facility for Bangladesh after Yunus backs Chinese economic role near Northeast.
• India’s largest cruise terminal, the Mumbai International Cruise Terminal, starts operations.
• Adani Ports begins operations at Colombo West International Terminal.
• Meta CEO Mark Zuckerberg testifies at landmark U.S. antitrust trial over WhatsApp, Instagram takeovers.
• US Judge rules Google illegally monopolised online advertising.
• Wipro unveils cloud car prototype, showcases AI-driven SDV tech in Bengaluru.
• Infosys and Spark New Zealand form strategic IT partnership.
• Apple fined $570 million and Meta $228 million for breach of EU law.
• Govt raises stake in Vodafone Idea to 48.99% after converting ₹36,950 AGR dues.
• Airtel and Nokia sign multi-year deal to speed up new 5G service delivery.
• Jio signs deal to bring SpaceX’s Starlink internet to India after Airtel’s pact.
• Nokia to upgrade Vodafone Idea’s optical network to enhance 4G services, support 5G rollout.
• Alcatel restarts mobile phone sales in India.
• Apple exports iPhones worth ₹20,000 crore in March, ₹1.5 lakh crore in FY25 ahead of US tariffs.
• Tata inks $990.79 million loan to fund Britain’s biggest battery plant.
• Toshiba signs MoU with Telangana to invest ₹562 crore in expanding manufacturing capacity.
• Gensol faces government inquiry after ₹975 crore EV loan misuse.
• Goldman Sachs buys Zomato stake as Kadensa exits position.
• Zomato and Blinkit parent Eternal’s board clears plan to cap foreign ownership at 49.5%.
• JioHotstar hits 200 million paid subscribers.

Q4 Results

• HDFC Bank Q4 Net profit jumps 6.7% YoY to ₹17,616 crore; NII rises 10% to ₹32,070 crore.
• ICICI Bank Q4 Net profit up 18% YoY at ₹12,630 crore; ₹11 dividend declared.
• YES Bank Q4 Net profit jumps 63% YoY ₹738 crore, NII up 6% to ₹2,276.3 crore.
• Axis Bank Q4 PAT flat at ₹7,117.5 crore, NII up 5.5%.
• IDBI Bank Q4 Net profit surges 25% YoY to ₹2,072 crore; dividend declared at ₹2.10 per equity share.
• TCS Q4 Net profit falls 1.69% YoY to ₹12,224 crore; ₹30 per share dividend declared.
• Infosys reports Q4 PAT at ₹7,033 crore, ₹22/share dividend announced.
• HCLTech Q4 Net profit rises 8% to ₹4,307 crore, firm declares ₹18 dividend.
• Wipro Q4 PAT rises 26% YoY to ₹3,570 crore, revenue rose 1% to ₹22,504 crore.
• LTIMindtree Q4 Net profit up 2.6% on-year to ₹1,128.5 crore; ₹45 per share dividend declared.
• HUL Q4 PAT rises 4% YoY to ₹2,493 crore, revenue up 2% to ₹15,214 crore; declares ₹24 final dividend.
• Nestle India Q4 profit falls 5% YoY to ₹885 crore, revenue up 4% to ₹5,504 crore; final dividend at ₹10.
• Maruti Q4 net profit dips 1% to ₹3,911 crore; FY25 profit at ₹14,500 crore.
• TVS Motor Q4 Net profit jumps 76% YoY to ₹852 crore; revenue up 17% to ₹9,550 crore.
• Reliance Retail Q4 Net profit rises 30.4% to ₹3,519 crore; revenue up 16.3% at ₹78,622 crore.
• Reliance Retail’s consumer business revenue hits ₹11,500 crore in FY25.
• Adani Energy Solutions Q4 net profit jumps 79% to ₹647 crore, revenue rises 35% to ₹6,375 crore.
• BPCL Q4 Net profit declines 24% to ₹3,214 crore, firm declares ₹5 dividend.
• IOC Q4 Net profit jumps 152% QoQ to ₹7,265 crore; declares dividend of ₹3 per share.
• Hindustan Zinc Q4 net profit jumps 47% to ₹3,003 crore, best-ever March quarter.
• UltraTech Cement Q4 Net profit jumps 10% to ₹2,482 crore, firm declares ₹77.5 dividend.