The Pakistan Stock Exchange (PSX) witnessed a significant decline on Wednesday, plunging more than 3,500 points amid rising fears of military conflict with India. The drop was attributed to growing uncertainty after an alarming statement from Pakistan's Information Minister, Atta Tarar, who warned of potential military action by India within 24 to 36 hours. The news followed the Pahalgam terrorist attack on April 22, which killed 26 people, further intensifying investor concerns.

Bajaj Finance, a leading non-banking financial company (NBFC), saw its stock fall by more than 5% on Wednesday despite posting a 16% increase in standalone net profit for the March 2025 quarter. The company's market valuation dropped significantly by Rs 28,186.83 crore, a notable contrast to its growth in net income and total income. Despite a robust performance in terms of revenue and profit, the stock's decline underscores the challenges investors face when navigating market sentiment versus financial results.

This year’s Akshaya Tritiya is set to witness an unprecedented surge in wedding-related businesses in Delhi, with an estimated turnover of over Rs 1,000 crore in a single day. The auspicious day, which aligns with a peak period in the wedding season, is benefiting a wide array of industries including hospitality, jewelry, event management, and more. As demand soars, banquet halls and hotels are seeing a rise in rates, while the gold trade alone is expected to hit Rs 200 crore. This massive economic activity underscores the capital’s vibrant wedding economy, despite rising costs.

Equity markets experienced significant volatility on Wednesday as benchmark indices Sensex and Nifty ended flat, following a two-day rally. Geopolitical tensions and selling pressure on Bajaj Finserv and Bajaj Finance dragged the indices lower, despite continued foreign institutional investor (FII) inflows which helped cushion the decline. The Sensex dropped by 46.14 points, or 0.06%, while the Nifty ended slightly lower by 1.75 points, or 0.01%.

The Reserve Bank of India's (RBI) recent rate cuts are expected to cause a slight contraction in the profitability of banks in FY26, according to a report by Crisil Ratings. The Return on Assets (RoA), a critical profitability metric, is forecasted to decline by 0.10-0.20 percentage points to 1.1-1.2% from a two-decade high of 1.3% in FY25. This reduction is largely attributed to a compression in Net Interest Margins (NIMs) as loan rates decrease faster than deposit rates.

Delhi’s Indira Gandhi International Airport (IGIA), one of India’s busiest aviation hubs, has been grappling with significant flight delays, exacerbated by shifting wind patterns and ongoing runway maintenance. On Tuesday, Delhi International Airport Limited (DIAL) acknowledged that the fluctuating winds in the airport’s vicinity could further disrupt flight operations, especially during the evening and early morning hours. This comes in addition to the current runway upgradation work, which has led to the closure of one runway.

Urban Company, a prominent technology-driven platform offering on-demand beauty and home care services, has filed its preliminary documents with the Securities and Exchange Board of India (SEBI) to raise Rs 1,900 crore through an Initial Public Offering (IPO). The company aims to use the funds to further develop its technology, enhance its cloud infrastructure, and expand its business operations.

Tata Motors, a major player in the Indian automotive sector, announced its intention to raise up to Rs 500 crore through the issuance of securities via a private placement. This move is set to be discussed at an upcoming meeting of the company’s board scheduled for May 2. The proposed issuance involves the sale of rated, listed, unsecured, redeemable, non-convertible debentures. Although the company has not disclosed how it plans to utilize the funds, the decision reflects Tata Motors' strategic efforts to enhance its financial flexibility amid evolving market dynamics.

Adani Green Energy has delivered impressive financial results for the March quarter, reporting a 25.54% increase in consolidated net profit to Rs 383 crore, primarily driven by higher revenues. The company also saw a robust performance over the fiscal year, with significant gains in both net profit and total income. Additionally, strategic leadership changes have been approved, setting the stage for the company’s continued growth in India’s renewable energy sector.

Oberoi Realty, one of India's premier real estate developers, reported a significant 45% drop in its consolidated net profit for the March quarter of FY25. The company’s net profit for the period fell to Rs 433.17 crore, down from Rs 788.03 crore in the corresponding quarter of the previous year. This decline was primarily attributed to a reduction in overall income. However, despite this setback, the company posted an increase in its full-year financial performance, reflecting resilience in a challenging market environment.