News

Shares of Bandhan Bank Ltd ended at ₹156.65, up by ₹5.15, or 3.40%, on the BSE.

Shares of YES Bank Ltd ended at ₹17.95, up by ₹0.55, or 3.16%, on the BSE.

Global trade faces turmoil as U.S. tariff hikes trigger stock market fluctuations, GDP downgrades, and investment slowdowns. India’s pharma and textile sectors may gain, but global uncertainty looms. Export-driven Asian economies, Europe’s auto sector, and worldwide investments are under pressure, raising fears of recession and a shift in global trade dynamics.

Shares of G R Infraprojects Ltd ended at ₹1,081.70, up by ₹14.85, or 1.39%, on the BSE.

Shiv Nadar, the founder of HCL Technologies and last year’s top wealth gainer among Indian billionaires, has taken the biggest hit. His fortune has plunged by $8.5 billion to $34.6 billion, while Azim Premji’s net worth has dropped by $3.5 billion to $27.4 billion, according to the Bloomberg Billionaires Index.

L&T Finance’s retail loan book rose 19% year-on-year to ₹95,100 crore in Q4 FY25, while retailisation improved to 97% and retail disbursements stood at ₹14,870 crore.

Shares of HDFC Bank Ltd ended at ₹1,793.70, down by ₹3.70, or 0.21%, on the BSE.

Zomato is set to rebrand as Eternal Ltd on stock exchanges from April 9, 2025, with its ticker changing from ZOMATO to ETERNAL on NSE and BSE. The transition aligns with the company’s expansion beyond food delivery into Blinkit, Hyperpure, and District.

On Wednesday, April 2, President Trump unveiled what he termed “discounted reciprocal tariffs” during an extended speech on the White House lawns. The new tariffs, ranging from 20% to 40%, will impact multiple countries, including China, Vietnam, the EU, Japan, and India. Mark Zandi, Chief Economist at Moody’s, warned in an interview with CNBC-TV18 that these sweeping measures could push the US economy into recession and drag the global economy down with it.

The government will offload a base stake of 2.83%—approximately 5.71 million shares—with an option to sell an additional 2% (about 4.03 million shares) under a green shoe provision. The OFS opens for non-retail investors on April 4, 2025, and for retail investors on April 7, with a floor price of ₹2,525 per share, a discount to the stock’s last close.