Mansi Agarwal

10,000 drivers stranded after BluSmart halts operations, seek dues

Over 10,000 drivers are reportedly left without income or clarity about their employment status after ride-hailing startup BluSmart suspended its operations. Many drivers are waiting for their pending payments and weekly incentives, the Gig Workers Association (GigWA) said. BluSmart halted operations amid an ongoing SEBI probe into its key EV partner Gensol Engineering.

Apr 20th, 2025

10,000 drivers stranded after BluSmart halts operations, seek dues

A team of negotiators, led by Commerce Secretary-designate Rajesh Agarwal, is likely to travel to Washington, DC, next week to advance discussions on the proposed India-US Bilateral Trade Agreement (BTA). The high-level meetings are expected to take place over three days starting April 23, according to reports.

Apr 20th, 2025

India-US trade talks to kick off in Washington next week

The gold prices in India could soon touch ₹1 lakh per 10 grams, as global uncertainties continue to push investors towards safe-haven assets, experts said on Saturday. The sharp rise in gold prices is being driven by fears of a slowdown in the US economy, fuelled by President Donald Trump's renewed tariff policies.

Apr 20th, 2025

Gold may touch ₹1 lakh on Trump tariffs, recession worries

Union Finance Minister Nirmala Sitharaman is set to embark on an official visit to the US and Peru, beginning April 20, where she is slated to participate in multilateral dialogues to showcase India's economic dynamism, as the country prepares a bilateral trade agreement (BTA) with the US, it was announced on Saturday.

Apr 20th, 2025

FM Sitharaman to showcase India’s economic prowess abroad

Mansi Agarwal

More than 100 small-cap stocks jumped 10-28% this week as the broader BSE SmallCap index surged by 4%, Moneycontrol reported. Shares of Mercury Ev-Tech, Cupid, Goldiam International, Magellanic Cloud, Fino Payments Bank and Rajoo Engineers posted above 20% gains. Meanwhile, Gensol Engineering, Easy Trip Planners, Valiant Organics and Sai Silks Kalamandir were among the losers.

Apr 20th, 2025

Over 100 small-cap stocks jump up to 28% this week

Shristi Acharya

Volvo Group plans to lay off up to 800 workers at three US facilities over the next three months due to market uncertainty after US President Donald Trump's trade tariffs came into effect, Reuters reported. Volvo employs around 20,000 people in North America. The decision was made to align Volvo's production with reduced demand for its vehicles.

Apr 19th, 2025

Volvo to cut up to 800 jobs in US amid tariff uncertainty: Report

Bhuvnesh Ojha

India will sign its largest-ever defence agreement with France for the acquisition of 26 Rafale Marine combat aircraft on April 28, as per reports. The deal, estimated at over ₹63,000 crore, will be signed in the presence of French Defence Minister Sebastien Lecornu. This contract will include 22 single-seater and four twin-seater jets.

Apr 19th, 2025

India, France to sign their largest-ever defence deal on April 28

Shristi Acharya

Yes Bank said its March quarter standalone profit jumped 63.3% YoY to ₹738 crore while its net interest income surged 5.7% YoY to ₹2,276.3 crore. The bank’s total interest income grew by 2.3% YoY to ₹7,616 crore during the quarter while net non-performing assets fell to 0.3% against 0.5% QoQ. Its deposit rose 6.8% to ₹2.85 lakh crore in Q4.

Apr 19th, 2025

Yes Bank's Q4 profit jumps 63.3% to ₹738 crore

Dharini Mudgal

Intel's CEO Lip-Bu Tan is flattening the semiconductor giant's leadership team, with important chip groups reporting directly to him, according to a memo seen by Reuters. Intel has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, according to the memo. Intel's data centre and AI chip group will report directly to him.

Apr 19th, 2025

Intel CEO Tan restructures leadership, names new AI chief

Chennai-based Garuda Aerospace secured ₹100 crore in Series B funding led by Venture Catalysts, boosting its valuation to $250 million. Founded by Agnishwar Jayaprakash, the drone innovator plans to expand IP assets, launch a new design hub, and strengthen indigenous UAV capabilities. With MS Dhoni as brand ambassador, Garuda aims to impact one billion lives through drone technology.

Apr 19th, 2025

MSD backed Garuda Aerospace raises ₹100 cr, hits $250 mn valuation

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