The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of ₹18,159 crore through the auction of State Government Securities (SGS), scheduled to be conducted on April 7. The auction shall take place on RBI's Core Banking Solution platform, E-Kuber. Notably, Telangana will borrow the highest amount of ₹3,900 crore through two securities.

Commerce Secretary Rajesh Agrawal said around 12-13% of India's exports go to West Asia, and the ongoing conflict would impact shipments. "And if it goes on for long, maybe our exports to other parts of the world will also get impacted," he stated. However, he said exports during the last financial year were expected to remain on a positive trajectory.

Commerce Secretary Rajesh Agrawal said India's pharmaceutical industry must strengthen its reputation for reliability and innovation to boost exports. He also stressed the need to move beyond the image of being only a low-cost drug manufacturer and focus on building global trust in the quality of its medicines. India should aim to become globally recognised for consistent quality, he added.

India's second-largest lender HDFC Bank on Saturday reported a 12% credit growth to ₹29.6 lakh crore for the March quarter. Its total advances were ₹26.43 lakh crore at the end of March 31, 2025, reflecting an annual increase of roughly 10%. However, since the beginning of the year, its share price has declined by nearly 25%.

The United States witnessed an increase of 1.78 lakh in the total nonfarm payroll employment in March, showing a resilient labour market amid the ongoing war in the Middle East, as per US Bureau of Labour Statistics. The unemployment rate also fell to 4.3% from 4.4% last month. The gains were concentrated in health care, construction, transportation and warehousing sections.

NHAI has awarded ₹2,360 crore worth contract for construction of four lane expressway from Vadhvan Port to Tava Village on NH-48 in Maharashtra. The project has been awarded to a JV between J Kumar Infraprojects & Shinde Developers on EPC mode. The expressway will provide seamless port connectivity to various regions in the state.

Elon Musk's Tesla produced 50,363 more vehicles than it delivered during the first three months of the year, signalling a build-up in unsold inventory. It's the largest gap between production and sales in Tesla's history, according to Business Insider. Tesla delivered 358,023 vehicles in the quarter, up 6.3% YoY, but missed analysts' estimates.

World's richest person Elon Musk has denied a Bloomberg report which claimed that SpaceX has boosted its target IPO valuation to above $2 trillion. "Don’t believe everything you read. Bloomberg publishes bs," he said. The IPO for the startup, which recently merged with xAI in a deal worth around $1 trillion, is expected to be the biggest-ever listing.

The Centre on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These imports will face restrictions irrespective of any prior contract and need a licence or permission from DGFT. However, 100% Export Oriented Units and SEZs are exempted from the curbs.

The Ministry of Petroleum and Natural Gas on Friday requested citizens to use digital modes for booking LPG cylinders and avoid visiting LPG distributors unless necessary. The ministry added that it is making all efforts to ensure the availability of petrol, diesel and LPG. It further advised citizens to avoid panic buying.