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NDTV Profit Pulse On April 01 —Top 8 Stories At 8 P.M. Under 8 Minutes
- Finance Minister Nirmala Sitharaman explained the discontinuation of gold bonds attributing it to rising borrowing costs and global economic challenges, favoring government securities market for raising resources efficiently.
- The Reserve Bank of India announced injecting Rs 80,000 crore liquidity through open market operations in four tranches to enhance liquidity in the market.
- SEBI extended the deadline for preparing retail algo trading rules to August 1, aiming to regulate algo providers for retail investors' entry into algo trading.
- Gross GST collections for March rose by 9.9% to Rs 1.96 lakh crore, with significant contributions from Central GST, State GST, Integrated GST, and compensation cess.
- Maharashtra approved bike taxis with only electric bikes permitted to take pillion passengers, in line with promoting electric vehicle usage.
- US stocks declined before tariff announcements by President Trump, contributing to a volatile market session, while Indian indices closed low following the trend.
- Maruti Suzuki and Hyundai saw sales growth in March, with Tata Motors, Ashok Leyland, and TVS Motor also reporting positive sales figures.
- The government's move to convert Vodafone's spectrum liabilities may offer a temporary relief, but the telecom provider may need more support to overcome its financial challenges.
- Other notable stories include trade talks between India and Chile, SEBI's new municipal bonds rating framework, IndiGo CEO's views on ticket affordability, clean energy focus, and Gen Z's entrepreneurial endeavors.
- NDTV Profit summarized the key headlines including financial updates, market insights, and regulatory changes, offering a quick overview of the day's top stories.
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