Overview

Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points

Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points

Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the automotive sector.

The Sensex opened with a sharp jump of nearly 1,700 points at 76,852 and quickly touched the intra-day’s high of 76,908. The index then moved in a narrow range near the day’s peak, supported by strong buying in private banks, metal stocks, IT companies, and infrastructure-related shares.

By the end of the session, the Sensex had gained 1,578 points, or 2.1 per cent, to close at 76,735. Among the index heavyweights, HDFC Bank, ICICI Bank, and Axis Bank together accounted for nearly 50 per cent of the day’s gains, contributing around 750 points to the overall rally.

Murshidabad violence: Two held in connection with murder of father, son

Murshidabad violence: Two held in connection with murder of father, son

Two persons have been arrested so far in connection with the murder of Hargobindo Das and his son Chandan Das, at Samserganj in Murshidabad district of West Bengal last week.

The murder of the father and son took place when the entire district was on the boil after protests against the newly-promulgated Waqf (Amendment) Act, turned violent.

Confirming the arrests of two persons in this connection, the Additional Director General of Police (South Bengal), Supratim Sarkar, said that one of the two suspects had been arrested from Birbhum district, while the other was held from Suti area in Murshidabad only.

However, Sarkar did not disclose the identities of the two arrested suspects.

10 killed in van-trailer collision in Pakistan's Khyber Pakhtunkhwa

10 killed in van-trailer collision in Pakistan's Khyber Pakhtunkhwa

A collision between a passenger van and a trailer on Tuesday left 10 people dead and at least 10 others injured in Pakistan's northwest Khyber Pakhtunkhwa province, police said.

According to police in the area, the accident occurred when an over-speeding trailer collided with the passenger van coming from the opposite direction on the Indus Highway in the Karak district of the province.

Police and rescue teams rushed to the site and shifted the injured to a nearby hospital, where several injured people were in critical condition.

The deadly crash happened due to over-speeding and negligence of the driver of the trailer, said police, adding that an investigation has been launched into the accident.

India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs

India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs

With the right enabling conditions for the automotive sector, India can triple exports to $60 billion, generate a $25 billion trade surplus, and create over 2-2.5 million direct jobs by 2030, propelling it toward becoming a globally competitive, innovation-driven manufacturing hub, the government said on Tuesday.

India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to the country’s Gross Domestic Product (GDP) and 49 per cent to manufacturing GDP.

As the fourth-largest automobile producer globally, India possesses the scale and strategic depth to emerge as a global leader in the automotive value chain, according to a NITI Aayog report.

India has seen exponential growth in vehicle production, with over 28 million units manufactured in 2023–24 alone. India's current share in globally traded auto components is approximately 3 per cent or 20 billion.

Popular international beauty brands available on Myntra’s M-Now

Popular international beauty brands available on Myntra’s M-Now

Myntra, one of India's leading fashion and lifestyle platforms, on Tuesday announced extending its premium range of international beauty brands, on M-Now, its speed proposition.

For the first time, beauty lovers can now quickly get their hands on their favourite international beauty and personal care products and have them delivered to their doorsteps starting in just 30 minutes in select pin codes.

Myntra is elevating the pursuit of premium beauty, making coveted international brands effortlessly accessible. Now, the indulgence of a premium skincare ritual or the allure of a signature fragrance is within reach.

Myntra is not just offering beauty; it's unlocking immediate access to some of the world's most desired brands, seamlessly integrating premium offerings into the rhythm of modern life.

Trump presidency driving falling support for Australian opposition ahead of election: Polls

Trump presidency driving falling support for Australian opposition ahead of election: Polls

Australians' view of US President Donald Trump is driving a drop in support for opposition leader Peter Dutton ahead of the nation's general election, according to new polling.

Several major opinion polls published in recent days have shown that voter support for incumbent Prime Minister Anthony Albanese and his governing Labor Party is continuing to grow as the campaign for the May 3 election reaches the halfway point.

One poll undertaken by research firm Resolve Strategic and published by Nine Entertainment newspapers on Monday night estimated that Labor leads Dutton's Coalition 53.5-46.5 per cent in two-party terms. The same poll in late March had the two major parties deadlocked at 50-50.

Asked about how their view of Trump would influence their vote at the upcoming election, 33 per cent of respondents said that it has made them less likely to vote for Dutton and the Coalition, with 14 per cent more likely to do so and 53 per cent either undecided or saying it would have no effect.

Fake payment apps: How to identify and stay safe

Fake payment apps: How to identify and stay safe

Fake payment apps are counterfeits of legitimate payment applications. They closely resemble the user interface (UI), colour schemes, and overall appearance of popular payment apps, often replicating the entire payment process -- making them hard to distinguish at a glance.

Some of these fraudulent apps further enhance the illusion by imitating the sound of a payment notification, such as a beep or chime, to falsely suggest that a payment has been received. Also, they can produce convincing payment information to show a successful transaction, which is challenging to distinguish at a quick glance.

How to stay safe from fake payment apps

9 in 10 Indian software development leaders bet big on AI to build apps

9 in 10 Indian software development leaders bet big on AI to build apps

More than nine in 10 (92 per cent) software development leaders in India believe AI agents will become as essential to app development as traditional software tools, a report said on Tuesday.

Software development leaders in India are rapidly embracing AI agents, viewing them as essential tools that will drive the next era of development, according to the report by Salesforce, the global CRM leader.

Agentic AI lets developers shift from routine tasks like writing code and debugging to more strategic, high-impact work.

With developers increasingly using agents powered by low-code/no-code tools, development is becoming faster, easier, and more efficient than ever — regardless of developers’ coding abilities.

Nine arrested for violence over Waqf Act in West Bengal

Nine arrested for violence over Waqf Act in West Bengal

Nine people were arrested for violence over the Waqf (Amendment) Act in West Bengal, Kolkata Police said on Tuesday.

Kolkata Police said the arrests were made in connection with violence at Bhangar in South 24 Parganas district on Monday.

The violence was carried out by All India Secular Front (AISF) activists after they were stopped from approaching Kolkata from Bhangar to participate in a rally protesting against the Waqf Act, the police said.

The police have registered five cases in connection with the matter.

India to tour Bangladesh for white-ball series in August

India to tour Bangladesh for white-ball series in August

India will tour Bangladesh for a white-ball series comprising three ODIs and as many T20Is, scheduled from August 17 to 31 in Mirpur and Chattogram, as the Bangladesh Cricket Board (BCB) announced the schedule on Tuesday.

The Indian team will arrive in Dhaka on August 13 ahead of the ODI series opener on August 17 at the Sher-e-Bangla National Cricket Stadium in Mirpur. The third and final ODI will be played in Chattogram, which will also host the first game of the three-match T20I series on August 26. The action will head back to Mirpur for the second and third T20Is.

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