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Bank holiday today: Banks are closed in several cities in the country on 1 May for Labour Day, Maharashtra Day and Buddha Purnima. Check the RBI city-wise holiday list before visiting branches.
Happy Buddha Purnima 2026: This auspicious is celebrated on the full moon day in the month of Vaisakha every year. Also known as Buddha Jayanti, it marks Gautama Buddha's birth, enlightenment (Nirvana) under the Bodhi tree, and passing (Parinirvana). Check out a list of wishes, greetings and quotes.
US equity futures signaled further gains as strong megacap tech earnings propelled Wall Street to record highs. The yen weakened slightly after Japan's intervention to support the currency. Despite Middle East tensions and oil price surges, US stocks saw their best April since 2020, driven by AI and tech resurgence.
Bajaj Auto's board will meet on May 6 to consider a share buyback. This move signals another capital return to shareholders. The company has a strong cash position. The details of the buyback will be announced after the meeting. The trading window for company securities remains closed until May 8.
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a preference for a pause, the central bank may be forced to tighten monetary policy to defend the currency and combat accelerating capital exodus amid an energy crisis.
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
In a gazette notification published on Thursday, 30 April, the government has added a specific proviso for citizenship applicants involving children, which says that ‘the minor child cannot at any time hold the passport of any other country while also holding the Indian passport.’
The Reserve Bank of India's net short forward position surged to a record $104 billion in March, a significant increase from February's $77 billion. This reflects the RBI's continuous intervention to protect the rupee against volatility, impacting India's import cover to under nine months.
Mumbai's 10-year benchmark government bond yield surpassed 7% to close at 7.01% on Thursday, driven by rising crude oil prices and hawkish Federal Reserve comments. Money market rates also climbed amid shrinking banking liquidity, indicating tighter global financial conditions.
The Securities and Exchange Board of India has launched a new fast-track system for alternative investment funds. This allows schemes to launch quicker after filing documents. Merchant bankers and AIF managers now hold greater responsibility. The regulator will not review draft disclosures beforehand. This change aims for efficient capital deployment by AIFs.
India's small-cap stocks experienced their strongest monthly rally in at least a decade during April, recovering significantly after a sharp March sell-off. Local investors actively bought beaten-down stocks, with the Nifty Smallcap 250 index jumping 17.1%. This surge followed a period where many small-cap stocks had declined, attracting interest in quality businesses with strong growth prospects.
Retail investors are seeing contrasting interest rate movements from two major finance companies. Bajaj Finance has boosted deposit rates by up to 45 basis points to accelerate fundraising, while Shriram Finance plans to reduce rates by 15-35 bps following a rating upgrade.
With the GLP-1 drug market expanding after the patent expiry of semaglutide in India, doctors expect demand to grow exponentially, and caution that unchecked use of the drugs could lead to higher numbers.
GT’s varied bowling attack exploited the conditions perfectly. The visitors simply could not build partnerships, and the innings folded earlier than expected on a good batting surface.
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days later.
Britney Spears was charged with driving under the influence of drugs and alcohol in California. The pop star, who has entered treatment, was arrested after erratic driving. Her arraignment is set for Monday, 4 May.
ABC has renewed the Scrubs revival for a second season after a strong debut, while sitcom Shifting Gears will return for a third season. The decision follows solid ratings and growing audience demand.
A man in Jordan has used dried orchid petals to create a tiny prosthetic wing for an injured butterfly, helping the insect fly again. The delicate repair has since gone viral, drawing attention to how small acts of care can make a real difference for fragile wildlife.
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants like Alphabet, helped offset concerns over oil supply shocks and geopolitical tensions. Economic data indicated continued healthy U.S. growth, bolstering investor confidence and pushing major indexes higher.
