The Union Cabinet on Saturday approved a 2% hike in dearness allowance (DA) for central government employees and pensioners, taking the overall rate to 60%. For an employee with a basic pay of ₹50,000, the latest hike adds ₹1,000 per month to their salary. The move is expected to benefit about 50.46 lakh central government employees.

More than 73,000 jobs were cut globally in the first quarter of 2026 by 95 companies, Moneycontrol reported, citing Layoffs.fyi data. Oracle laid off around 20,000-30,000 employees in one of the biggest cuts this year. Other major layoffs were carried out by firms including Amazon, Snap, Meta, Pinterest, Block and Salesforce.

The US Securities and Exchange Commission (SEC) and Gautam Adani have jointly requested a US court for more time to file key submissions in a civil securities case. The SEC had sued Adani and his nephew Sagar in November 2024 for allegedly hiding a bribery scheme involving Indian officials, which misled investors. The Adanis had sought dismissal of the lawsuit.

The Centre on Friday stated it has recognised over 55,200 startups in FY26, the highest since launch of Startup India initiative in 2016, taking the total to more than 2.23 lakh. As per Ministry of Commerce and Industry, these startups created over 23.36 lakh direct jobs, with recognition rising 51.6% YoY. Employment also rose by 36.1%, reflecting strong ecosystem growth.

The government recorded dividend receipts worth ₹78,438 crore from central public sector enterprises (CPSEs) in FY26, exceeding the Budget target by 10.5%. Dividend income from CPSEs is a vital component of the Centre’s non-tax revenue, alongside other sources such as surplus transfers from the RBI and telecom spectrum auctions proceeds. This is reportedly the highest annual receipt ever recorded.

Gold and silver futures on MCX have largely delivered positive yearly returns on Akshaya Tritiya in recent years. Gold has surged 61.9% since last year's festival, while silver jumped 161.1%, Moneycontrol reported, citing Bloomberg data. In 2025, 2024, 2023 and 2022, gold posted gains of 30.3%, 21.5%, 17.8% and 6.6%, respectively.

India's forex reserves jumped by $3.8 billion in a week, to reach $700.95 billion as of April 10, 2026, according to the RBI. A major portion of the jump came from foreign currency assets, which grew by $3.13 billion to reach $555.98 billion. India's gold reserves also went up by $601 million and currently stand at $121.34 billion.

Actress Tabu has purchased an apartment worth ₹10 crore in Mumbai’s Versova from Godrej Properties, according to property registration documents accessed by Liases Foras. The apartment measures around 2,153 sq ft and also includes a balcony of around 127 sq ft. The actress also bought two car parking spaces with the apartment and paid a stamp duty of ₹5.24 lakh.

Trent's board will reportedly meet on April 22 to approve its Q4 financial results and consider its first-ever bonus share issue. The fashion retailer will also discuss an interim dividend and the introduction of an employee stock option plan. Shares of the Tata Group company have reportedly staged a strong rebound in April, rising over 24%.

Shares of Apollo Micro Systems rose 16% on Friday after receiving a lifetime licence from the government to manufacture ammunition. Reports stated the licence allows the firm to integrate and test strategic weapon systems like missiles and rockets. The company reportedly said this transforms its revenue architecture as it becomes an end-to-end platform manufacturer.