Inaugurating VVDN Technologies' SMT (Surface Mount Technology) Line at Manesar, the Minister noted that electronics manufacturing in India has risen 5-fold in the last decade topping Rs 11 lakh crore.

Indian equity markets experienced a significant surge, with Sensex and Nifty climbing over 6% in four sessions, fueled by factors like a US tariff pause and renewed foreign investment. A prediction of above-normal monsoon rainfall and easing retail inflation further boosted investor confidence, raising expectations for another RBI rate cut. Investors' wealth increased substantially during this rally.

Gensol Engineering faces turmoil as two independent directors, Harsh Singh and Kuljit Singh Popli, resigned following SEBI's accusations against its co-founders for alleged fund misuse. This marks the third exit this week, after Arun Menon's resignation. Popli cited governance concerns in his resignation letter.

India's foreign exchange reserves experienced a boost, increasing by $1.5 billion to reach $677.84 billion as of April 11, 2025, according to the Reserve Bank of India's latest data. The RBI actively manages liquidity and intervenes in the market to prevent sharp declines in the rupee's value. The central bank's interventions aim to maintain orderly market conditions.

Separately, the Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent, according to the government data.

In a significant bureaucratic reshuffle, IAS officer Arvind Shrivastava has been appointed as the new Revenue Secretary, succeeding his role at the Prime Minister's Office. Vumlunmang Vualnam takes over as Secretary, Department of Expenditure, while Manoj Govil moves to the Cabinet Secretariat.

The Union government has appointed Pankaj Kumar Mishra, Sanjay Bahadur, L Rajasekhar Reddy, and G Aparna Rao to the Central Board of Direct Taxes (CBDT). The Appointments Committee of the Cabinet, led by Prime Minister Narendra Modi, approved the appointments of these 1989 batch IRS officers.

The Trump administration has revised its plan to impose port fees on China-built vessels, exempting those servicing the Great Lakes, Caribbean, and U.S. territories. This move aims to alleviate concerns about rising export prices and import costs. While fees on Chinese-built ships remain, the changes address opposition from the maritime industry.

Indian stock markets experienced a significant surge, with the Nifty and Sensex jumping by 1.8% and 2% respectively, marking their best week in over three years. This rally, fueled by renewed foreign investment and reduced bearish sentiment, erased year-to-date losses. While Asian markets largely followed suit, US markets showed mixed performance amid concerns over Federal Reserve policy.

BluSmart, once celebrated as India's first all-electric ride-hailing service, faces a crisis as promoters Anmol and Puneet Singh Jaggi are accused by SEBI of fund diversion from Gensol. This revelation has shaken investor confidence, leading to leadership exits and a decline in daily rides.

Samsung is poised to be the first to complete the smartphone PLI scheme's five-year tenure, potentially securing over ₹1,000 crore in incentives by achieving its ₹25,000 crore production target. The company has initiated the claims filing process, having met targets in most years, and is likely to have surpassed production goals in the final year.

U.S. President Donald Trump indicated a possible easing of tariff tensions with China, suggesting he may not raise tariffs further to avoid discouraging consumer spending. While he previously imposed 10% tariffs and later increased rates on Chinese imports (totaling 145%), both the U.S. and China now appear less inclined to escalate the trade conflict.

Credifin, a Jalandhar-based NBFC, has secured USD 24.9 million through equity and debt to fuel its expansion in MSME mortgage loans and E-vehicle financing. The funding, comprising 6.7% equity and 93.3% debt, comes from existing and new lenders like Northern Arc Capital and ICICI Bank.

Finance Minister Nirmala Sitharaman stated India will prioritize policy agility amidst the escalating trade war between major economies, aiming to lessen the adverse effects on supply chains caused by rising protectionism. She highlighted India's confidence in navigating global disruptions through a strong domestic foundation, infrastructure development, inclusive growth, and regional cooperation.

Mundhra , a Chartered Accountant, has served under various roles at LIC of India for last 32 years. He has worked in various departments including finance & accounts, personnel, legal, estates, with last six years in the investment department.

The Select Committee of the Lok Sabha, which is reviewing the Income-Tax Bill, 2025, on Thursday called for suggestions and views from experts, industry associations, organisations, and other stakeholders on the proposed legislation, as per an official release.

Amid financial headwinds and ongoing scrutiny, IndusInd Bank has appointed Chief Accountant Santosh Kumar as Deputy CFO to lead its finance and accounts division until a full-time CFO is named, while relieving Deputy CEO Arun Khurana of his additional CFO responsibilities.

U.S. upland cotton exports to India have surged due to global trade conflicts, declining American prices, and increased demand in India. Exports jumped significantly between February and April, reaching a 2.5-year high. This rise coincides with escalating U.S.-China trade tensions, leading India to import more U.S. cotton to address its production shortfall.

Windsurf was in talks with investors such as Kleiner Perkins and General Catalyst to raise funding at a $3 billion valuation, the report added. It closed a $150 million funding round led by General Catalyst last year, valuing it at $1.25 billion.

The round, which was a mix of equity and debt financing, also saw existing investors General Catalyst, Accion Venture Lab, and WEH Ventures participate.