India eyes inclusion of 25% steel, aluminium tariffs in BTA talks with US
New Delhi: India wants the 25% tariff on steel and aluminium imports enforced by the Trump administration to be included in the India-US bilateral trade agreement (BTA) that is currently being negotiated, rather than being addressed separately, two people aware of matter told Mint on condition of anonymity.

Land powers JSW thermal dream: West Midnapore’s Salboni hosts Bengal’s mega power plant
 

Steel stocks climb in early trade; Tata Steel, Jindal Stainless rally nearly 3%
New Delhi: Steel stocks rallied in early trade on Tuesday after imposition of a 12 per cent provisional safeguard duty for 200 days on five steel product categories.

India's small steel mills pause job cuts after measures to curb Chinese imports
India's smaller steel mills plan to delay job cuts and other measures such as trimming output, executives said, after the government imposed a temporary tariff to protect local producers from a surge in cheap imports, chiefly from China.

Trade aggression: India’s steel shield mustn’t turn into a slippery slope
Fears of surplus production overseas being dumped in India, especially by Chinese manufacturers, have spiked amid the ongoing tariff war. On Monday, India’s ministry of finance notified a safeguard duty of 12% for 200 days on five categories of steel imports if sold below specified dollar prices. 

Naveen Jindal welcomes 12% safeguard duty on Steel imports as a Milestone for Aatmanirbhar Bharat

New Delhi: In a decisive move to shield its domestic steel industry from a surge of low-priced imports, the Indian government has imposed a 12% safeguard duty on certain flat steel products for 200 days, effective April 21, 2025. This temporary measure aims to curb the influx of cheap steel imports, primarily from China, South Korea, and Japan, which accounted for 78% of India's finished steel imports in the fiscal year 2024-25.

Weak global demand, excess supply to cap steel cos ability to hike prices
 

Gold touches Rs 1 lakh per 10 grams for 1st time ever, check prices in Delhi, Kolkata, Mumbai, Chennai
Gold prices reached a historic milestone on Tuesday as the rate of 24-carat gold touched Rs 1,00,000 per 10 grams for the first time ever. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose sharply from Rs 96,670 to Rs 1,00,000 per 10 grams -- a jump of Rs 3,300 within 24 hours. Along with 24-carat gold, other categories also saw a steep rise. The price of 22-carat gold climbed to Rs 97,600 per 10 grams, 20-carat gold reached Rs 89,000 per 10 grams, and 18-carat gold touched Rs 81,000 per 10 grams.

Gold may see a correction of 10% from Rs 1 lakh level, but bullish outlook remains: Experts
Gold prices cross Rs 1 lakh-mark for first time: What is driving surge in price of the yellow metal?

Gold's dizzying climb and China's breathless rush after it
Source Credit: Sunitha Natti, New Indian Express

Explainer: All that is glittering is gold — the yellow metal's 25-yr journey and what to expect next
 

TN to add 600 MW thermal unit, boost grid with ₹2,700 cr outlay
 

Waaree Renewables set to foray into data centres, hybrid projects
Waaree Renewables Technologies, a solar EPC company, aims to enter hybrid renewable energy projects to capitalise on the growing power demand in data centres. With an order book of 3.2 gigawatts (GW), the company is also exploring FDRE (Firm and Dispatchable Renewable Energy) and RTC (round-the-clock) energy solutions.Speaking to FE, 

Waaree Energies reports 107% growth in PAT in FY25
 

Rupee falls 8 paise to settle at 85.23 against US dollar
The rupee consolidated in a narrow-range and settled for the day lower by 8 paise at 85.23 (provisional) against the US dollar on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors.

Global strategists positive on India but expect Asia growth to decelerate
Global strategists at Morgan Stanley and Bank of America (BofA)  are positive on India even as the latter downgraded its forecasts for Asia growth amid persistent pressures from tariff shocks. However, they believe that uncertainty is still at historic levels and weak global markets can cap absolute returns.

Longest winning streak for markets in 1 month; Nifty, Sensex steady, Gold tops Rs 1 lakh – 8 key highlights
After a choppy start, the Indian stock markets ended Tuesday on a firm footing, with both Sensex and Nifty closing in positive territory. The benchmark Sensex wrapped up the session at 79,595.59, rising by 0.24%%, while the Nifty 50 settled at 24,167.25, up by 0.17%. The Nifty Bank index also continued its winning streak, closing at 55,647.20, climbing 0.62%.

IMF cuts India’s growth forecast to 6.2% in FY26 amid tariff uncertainty
IMF cuts India growth forecast by 30 bps to 6.2% for FY26
The Financial Express