The day's top news includes US Treasury Secretary Scott Bessent hinting at a likely early conclusion of the India-US trade pact talks. Also, a slew of key fourth quarter earnings was in focus, along with the action on the equity markets front.
Here’s a quick roundup of today’s top stories.
India Can Be First To Sign Trade Deal: US Treasury Secretary
The US is "very close" to concluding a trade deal with India, which can make it the first country to sign a new bilateral agreement in President Donald Trump's tariff era.
India stands out among the US' trade partners due to its relatively open trade regime and fewer market distortions, the New York Post quoted Treasury Secretary Scott Bessent as saying.
Find the full details in this story.
NSE Revises Criteria For SME To Mainboard Migrations
Under new eligibility norms, the company's paid-up equity capital should not be less than Rs 10 crore if they want to migrate. The average capitalisation should not be under Rs 100 crore.
According to the NSE, capitalisation will be the product of the price and and the post issue number of equity shares.
Click here for the full story.
Axis Bank Q4 Results: Higher Provisions Weigh On Profit
Higher provisions and expenses weighed on Axis Bank Ltd.'s standalone net profit for the quarter ended March 31, 2025, according to an exchange filing on Thursday.
The private lender's bottom-line fell 0.1% year-on-year to Rs 7,117.5 crore during the quarter under review. Despite remaining flat, it surpassed the expectations of Rs 6,601 crore of the analysts polled by NDTV Profit.
Provisions and contingencies of the bank rose 15% year-on-year to Rs 1,359 crore. Click here for the full results.
Adani Energy Solutions Q4 Results: Profit Rises 80%
Adani Energy Solutions Ltd.'s profit rose substantially in the fourth quarter of fiscal 2025.
The transmission company's bottom-line advanced 79.2% year-on-year to Rs 647.15 crore in the quarter ended March, in comparison with Rs 361.44 crore in the same quarter a year ago, according to an exchange filing on Thursday.
Click here for the full result analysis.
Government Details Visa Actions Against Pakistanis
The government on Thursday released details regarding visa actions it announced against Pakistani nationals in India a day prior. All existing valid visas issued by India to Pakistani nationals stand revoked with effect from April 27, the Ministry of External Affairs said.
Medical visas issued to Pakistani nationals will be valid only till April 29. India is a prime destination for seeking low-cost medical treatment as the country offers well-trained doctors, surgeons and medical staff, and high-tech diagnostic equipment.
Read the full details here.
Nifty, Sensex Snaps Seven-Day Winning Streak
The NSE Nifty 50 and BSE Sensex snapped a seven-day winning streak on Thursday, ahead of the earnings announcement from Axis Bank Ltd., and L&T Technology Service Ltd. ICICI Bank Ltd. and Bharti Airtel Ltd. share prices dragged the benchmark the most.
The Nifty 50 ended 82.25 points, or 0.34% down at 24,246.70, and the Sensex ended 315.06 points, or 0.39% lower at 79,801.43.
Click here for the full details.
Pahalgam Terror Attack: Government Briefs Leaders At All-Party Meeting
The government on Thursday briefed leaders of various political parties on the Pahalgam terror attack and heard their views at an all-party meeting here. At the beginning of the meeting, a moment of silence was observed for the victims of the attack.
Leader of the House in Rajya Sabha J P Nadda, Leader of Opposition in Rajya Sabha Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi were present at the meeting chaired by Singh.
Click here for the details
India Plans To Launch Safety Ratings For Trucks And Buses
India plans to launch safety ratings for trucks and buses of all shapes and sizes, on the lines of the protocol that exists for cars.
The Union Ministry of Road Transport and Highways is working with the Global New Car Assessment Program to launch Bharat NCAP-style safety assessment ratings for commercial vehicles in India, according to a statement on Thursday. That will ensure safer cargo transport on the second largest road network in the world.
Click here for the details.
Other Stories You Should Not Miss
Also Read: Stock Market Highlights: Nifty, Sensex Snaps Seven-Day Winning Streak As ICICI Bank, Airtel Weigh
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
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