India's foreign exchange reserves surged by $2.362 billion to $703.308 billion in the week ending April 17, following a previous gain of $3.825 billion. This increase, driven by rising foreign currency assets and gold reserves, marks a rebound after a decline caused by Middle East geopolitical tensions.
India's market regulator plans to boost the cash equities market by nearly doubling the number of stocks available for short selling and reducing collateral requirements. This aims to draw investors from riskier derivatives, with final details expected by year-end.
California's proposed 5% wealth tax on assets over $1 billion faces fierce opposition from tech billionaires. Over $120 million has been raised against the measure, with Google co-founder Sergey Brin donating $82 million. Supporters argue it will fund public services and reduce inequality.
A content creator, Shadab Momin, dressed as Spiderman assisted stranded commuters on Bhiwandi's flooded streets. His actions, aimed at highlighting civic issues, garnered widespread appreciation online despite some questioning his motives.
Sanju Samson has been excluded from the upcoming T20I series against Zimbabwe. Ishan Kishan will be the primary wicketkeeper, with Prabhsimran Singh earning a maiden call-up. Selectors aim to provide more opportunities to young players like Vaibhav Sooryavanshi.
NATO Secretary-General Mark Rutte urged allies to present clear plans for defense spending targets ahead of a summit in Ankara. He warned of consequences for non-compliance, as the US presses members to increase contributions amid ongoing support for Ukraine.
UK Prime Minister Keir Starmer faces pressure at the Nato summit in Ankara over defence spending. US officials are dissatisfied with the UK's plan to reach 2.7% of GDP by 2030, urging faster increases towards the 5% target. The summit also occurs amid UK political transition speculation.
