Benchmark index Sensex tanked around 900 points and was trading at around 78,890 on Friday. Meanwhile, Nifty 50 was trading around 23,900 after falling 1.3%. Almost all the sectoral indices are trading in the red with auto, media, metal, power, oil & gas, realty, psu bank, pharma down 2-3%.

The median pay among top US CEOs rose 7.5% to a record ₹143.35 crore for 2024, a new study found. This comes as big stock grants boosted CEOs' reported earnings. Axon and Union Pacific CEOs were among those getting big pay boosts from stock awards, according to the review of pay of CEOs at S&P 500 companies by ISS-Corporate.

International Monetary Fund MD Kristalina Georgieva said the unpredictability stemming from US President Donald Trump's aggressive campaign of taxes on foreign imports is causing companies to postpone investments and consumers to delay spending. She urged countries to act "swiftly" to resolve trade disputes that threaten global economic growth, emphasising that "uncertainty is bad for business."

The Directorate General of Civil Aviation has revealed that 10,090 passengers departed from Srinagar airport on Thursday in the aftermath of the Pahalgam terror attack that killed 26 people. A total of 4,107 people arrived. "A total of 110 flights operated to and from Srinagar airport to various locations between 6 am and 8 pm," DGCA added.

Puneet Singh Jaggi, Gensol Engineering-backed BluSmart's Co-founder, was detained on Thursday amid raids by ED over the fund diversion case, PTI reported citing officials. ED conducted raids at Gensol's premises in Delhi, Gurugram and Ahmedabad under Foreign Exchange Management Act (FEMA). According to reports, Puneet's brother Anmol, who is also BluSmart's Co-founder, is currently in Dubai.

Primus Partners Chairman Davinder Sandhu reacted to halt in operations by BluSmart amid an ongoing SEBI probe into its key EV partner Gensol Engineering. "This crisis offers…opportunity for Indian government to…acquire BluSmart and integrate it into the Sahkar Taxi cooperative platform," Sandhu said. Such a move would protect livelihoods and preserve vital green urban transport assets, he added.

Microsoft is offering low-performing staff to either quit and get severance or join Performance Improvement Plan (PIP) and risk getting terminated later if their performance doesn't improve, Business Insider reported citing CPO Amy Coleman's email. The move is part of Microsoft's "globally consistent" PIP with "clear expectations and timeline for improvement". Staff will have five days to decide.

Fintech startup Bachatt has raised over ₹34 crore in a seed funding round co-led by Lightspeed and Info Edge Ventures. While Lightspeed infused ₹23 crore, $8 crore was infused by the Sanjeev Bikhchandani-led VC firm. The round saw Urban Company cofounder Abhiraj Bhal, L&T Finance Sunil Prabhune, OYO COO Abhinav Sinha and CSO Maninder Gulati join the startup table.

Hindustan Unilever Ltd (HUL) reported a 17.4% quarter-on-quarter drop in Q4 FY25 net profit to ₹2,464 crore, down from ₹2,982 crore in Q3. On a year-on-year basis, the profit declined 3.7% from ₹2,558 crore. However, total income rose 3.5% year-on-year to ₹15,979 crore in the March quarter, compared to ₹15,441 crore in Q4 FY24.

Dreaming of a Bandra home without EMIs? In 2000, a 25-year-old in Mumbai started a ₹2,416 monthly SIP. With 10% annual salary growth, the SIP grew to ₹23,803 by 2024. Disciplined investing over 24 years resulted in a ₹2.13 crore mutual fund corpus by December 2024, making the Bandra home a reality.