IBTimes

Jaiprakash Gaur has expressed strong confidence in the Adani Group following its selection as the successful bidder to take over Jaiprakash Associates Limited through a creditor-led resolution process.

Gold ETF inflows in India sharply declined in March, with net investments more than halving to Rs 2,266 crore, according to Association of Mutual Funds in India. The drop was driven by geopolitical tensions, particularly involving the United States and Iran

Gold reserves jumped significantly, while foreign currency assetsthe largest componentalso recorded a steady rise. Minor increases were seen in special drawing rights, while India's reserve position with the International Monetary Fund remained unchanged.

RBI's directive limiting banks' net open rupee positions to $100 million and its stance on curbing excess offshore positions has prompted lenders to adjust holdings ahead of the deadline. Analysts expect short-term caution in the market until clarity emerges on RBI's position limits, though fears of sharp rupee depreciation may be overstated.

The RBI has proposed a one-hour delay for digital payments above Rs 10,000 to curb rising frauds, which hit Rs 22,930 crore in 2025. The discussion paper outlines safeguards like trusted-person authentication for seniors, capped credits with verification, and a kill switch to block transactions. The move targets APP fraud driven by social engineering.

A report by SBI Mutual Fund suggests that metals and mining sectors will benefit from elevated energy prices, while industries like airlines, tourism, chemicals, fertilisers, and textiles may face pressure. Sectors such as IT, telecom, pharma, and power are considered relatively stable.