A joint report by ICEA and Accenture projects significant growth in India’s LiB market, driven by electric vehicles and clean energy initiatives, estimating demand to reach 115 GWh by 2030. However, India’s reliance on imports for critical battery materials poses a challenge, with cumulative demand exceeding 250 kilo tonnes, valued at over $5 billion.
Responding to the report, Vedanta in a statement said, “The report is a malicious combination of selective misinformation and baseless allegations to discredit the Group”.
The 2025 Global Life-Work Balance Index reveals that smaller economies often outperform larger ones in supporting employee well-being. New Zealand leads the ranking, excelling in paid leave, healthcare, and safety. The US lags significantly due to limited leave policies and inclusivity, while India faces challenges in healthcare and work-life balance.
Donald Trump’s proposed $5 million Gold Card visa program is generating significant buzz among Indian professionals, particularly those in the tech, finance, and healthcare sectors. Despite the lack of official launch and legislative support, the initiative has attracted considerable interest.
Gold rate today: Gold futures on MCX experienced a decline, trading at Rs 96,168 per 10 grams, a decrease of Rs 304. Silver futures also saw a marginal dip, settling at Rs 1,07,900/kg. Market volatility is expected to continue due to the dollar index and FOMC meeting minutes.
The CBDT collected ₹20,000 crore in pending dues in the first quarter, doubling last year’s figures, driven by income-tax demand notices. With a recovery target of ₹1.96 lakh crore for the fiscal year, the department is intensifying efforts to identify income under-reporting and tax evasion.
IndiGo is poised to significantly expand its long-haul fleet with a potential order for 40 more Airbus A350s, complementing its existing order of 30 A350-900s. This move aligns with IndiGo’s ambitious international expansion plans, including new routes to Europe and a target of 10 additional overseas destinations by 2026.
SpaceX is reportedly preparing to raise capital through a tender offer, potentially valuing the company at $400 billion. This deal includes primary fundraising and a secondary offering for employees, driven by Starlink’s success and ongoing Starship development. Despite political scrutiny surrounding Elon Musk, investor confidence remains strong, positioning SpaceX as a leading global tech firm.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday amidst ongoing uncertainty on Donald Trump’s tariff moves.
Reports of a new, cheaper UAE golden visa pilot program targeting Indian and Bangladeshi citizens have sparked excitement and confusion. Despite widespread circulation in Indian media, UAE authorities have not confirmed any policy changes.
