The flagship firms of billionaires Mukesh Ambani and Gautam Adani saw their shares surge after India and the US announced a much-awaited trade pact, easing months of geopolitical tensions.

Shares of Reliance Industries Ltd. climbed as much as 7.1 per cent during trading in Mumbai — the most in two years — while Adani Enterprises Ltd. jumped 11.9 per cent, the most since November 2024.

Gold and silver exchange-traded funds (ETFs) snapped their three-day rout on Tuesday as precious metals stabilised and rebounded, with the sharp recent fall seen largely as a technical correction in the metal prices.

Among silver ETFs, the HDFC Silver ETF rose 10 per cent, while the Nippon India Silver ETF gained 5 per cent. Kotak Silver ETF was up 10 per cent, and ICICI Prudential Silver ETF advanced 5 per cent, while SBI Silver ETF and Axis Silver ETF were up nearly 9 per cent.

United States President Donald Trump said on Monday that the US agreed to a trade deal with India following a phone conversation with Prime Minister Narendra Modi. Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.

In a post on Truth Social, Trump said the United States reduced its reciprocal tariff on India from 25 per cent to 18 per cent with immediate effect.

India’s annual budget has brought home to markets the unpleasant reality of fiscal dominance, in which the central bank ends up prioritizing deficit financing over its primary function of controlling inflation.

That’s a risky situation to be in. As a former central banker has described it, fiscal dominance is “A Theory of Everything in India” — or at least everything that goes bad eventually.

The crises in gold and silver exchange-traded funds (ETFs) deepened on Monday, falling for the third straight session, as the precious metals' historic rout continued, with the prices plunging in domestic and global markets.

Gold ETFs slipped between 6 per cent and 11 per cent in the intraday trade on the National Stock Exchange (NSE) today, while Silver ETFs fell around 20 per cent.

The Pakistani government has given its approval for the national men's cricket team to participate in the upcoming T20 World Cup, but has announced it will not play against India in the league stage match scheduled for February 15.

The game was set to take place in Colombo, Sri Lanka, as both teams were to face off in a Group A encounter.

An ally of Indian Prime Minister Narendra Modi has proposed a bill to ban social media for children, as the world's ‍biggest market for Meta and YouTube joins ​a global debate on the impact of social media on young people's health and safety.

"Not only are our children becoming addicted to social media, but India is also one of the world's largest producers of data for foreign platforms," lawmaker L.S.K. Devarayalu told Reuters on Friday.

The IIT Kharagpur has signed an MoU with the Variable Energy Cyclotron Centre (VECC) and the Chittaranjan National Cancer Institute (CNCI) to launch MSc programmes in nuclear medicine and medical physics.

This collaboration aims to strengthen national capacity for skilled human resources in nuclear medicine and medical physics, which are critical to cancer diagnosis, treatment, and advanced clinical research, an IIT KGP spokesperson said Saturday.

All construction work related to the Ram temple in Ayodhya is expected to be completed by April 30, with the overall cost of the project estimated at around Rs 1,900 crore, Ram Temple Construction Committee chairman Nripendra Mishra said on Saturday.

Addressing reporters after the conclusion of a two-day meeting of the Ram Temple Construction Committee here, Mishra said that Larsen & Toubro (L&T) and Tata Consultancy.

State Bank of India (SBI), the country’s largest lender, on Saturday launched CHAKRA — a Centre of Excellence for financing sunrise sectors including renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure. These sectors are critical to India’s economic transformation, with their combined potential estimated at around ₹100 trillion over the next five years.

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