In a historic leadership transition, Klaus Schwab, founder and long-serving Chairperson of the World Economic Forum (WEF), has officially stepped down from his roles on the board, ending a tenure that spanned over five decades. Schwab, who launched the WEF in 1971, informed the board of trustees that he would relinquish his position effective immediately as he enters his 88th year. Vice Chairman Peter Brabeck-Letmathe has been appointed interim Chair, while a formal search process begins for Schwab’s successor.

The growth of Khadi and village industry products in India has witnessed an impressive surge over the past decade, with sales climbing from Rs 31,154.19 crore in 2013-14 to Rs 1,70,551.37 crore in 2024-25. This marks an astounding increase of 447%. Additionally, the production of Khadi items also rose substantially, with a 347% increase in the last 11 years. The sector has generated significant employment, with nearly 1.94 crore individuals now employed compared to 1.30 crore in 2013-14.

The Indian television industry is no stranger to on-set rumors, and Anupamaa, one of the most popular shows on Indian TV, has recently found itself amidst speculation about tensions between its lead actor, Rupali Ganguly, and her co-stars. Gaurav Khanna, who plays Anuj Kapadia, addressed these rumors in a candid conversation, clarifying his professional relationship with Ganguly. While acknowledging creative differences and occasional on-set disagreements, Khanna praised Ganguly’s skills as an actor and emphasized the respect he has for her as a senior on the show.

Two of India’s most popular reality shows, Bigg Boss and Khatron Ke Khiladi, are undergoing significant changes after production company Banijay Asia announced its withdrawal from their production. After years of airing on Colors TV, these shows are now in negotiations with Sony Entertainment Channel, which may become their new broadcast home. The transition could also involve Jhalak Dikhhla Jaa, another popular show, returning to Sony.

IndusInd Bank’s stock faced a steep decline on Tuesday, falling nearly 5% amid news that the bank had enlisted Ernst & Young (EY) to assist in an internal audit of its microfinance portfolio, after a reported discrepancy of Rs 600 crore. This caused significant market jitters, with shares dropping as much as 6.26%. While the bank clarified that EY’s role is limited to aiding its Internal Audit Department (IAD) in a review process, the uncertainty surrounding the situation has raised concerns among investors, impacting the bank’s market performance.

In a remarkable show of strength, Indian equity markets have added Rs 33.55 lakh crore to investor wealth in just six sessions, buoyed by robust foreign institutional inflows, improving domestic macroeconomic indicators, and sectoral resilience. The benchmark Sensex surged nearly 8 percent over this period, closing at 79,595.59. Optimism around India’s potential gains amid global trade tensions, softening inflation, and speculation over future RBI rate cuts fueled market momentum. While most sectors posted gains, certain counters like IndusInd Bank and Infosys witnessed corrections.

Shares of Gensol Engineering Ltd took a significant hit on Tuesday, dropping by nearly 5% to hit the lower circuit limit, marking a new 52-week low. This decline follows an ongoing crisis at the company, which has been facing allegations of financial misconduct, including siphoning off funds. The Securities and Exchange Board of India (SEBI) recently issued an interim order barring the company’s key executives, Anmol Singh Jaggi and Puneet Singh Jaggi, from accessing the securities markets.

Gold prices in India soared to an all-time high on Tuesday, breaching the psychological Rs. 1 lakh barrier per 10 grams for the first time. Fueled by a surge in demand ahead of the Akshaya Tritiya festival and the ongoing wedding season, along with intensifying global economic uncertainty, investors and jewellers alike are flocking to the safe-haven asset. Gold of 99.9% purity reached Rs. 1,01,600 per 10 grams, while the 99.5% variant hit Rs. 1,02,100. Despite the rally in gold, silver remained stagnant at Rs. 98,500 per kg.

India’s commodity markets reflected a diverse pricing landscape on Tuesday, driven by seasonal shifts, inflationary pressures, and supply-demand dynamics. Prices across essential agricultural commodities—including grains, pulses, spices, and oils—exhibited a wide range of fluctuations. Staple items such as turmeric, chili, and gingelly oil continued to trade at elevated levels, indicating strong demand and limited supply. Meanwhile, more stable categories like wheat, sugar, and rice maintained moderate volatility.

After five straight sessions of appreciation, the Indian rupee posted a modest decline on Tuesday, closing 8 paise lower at Rs. 85.23 against the U.S. dollar. The drop was influenced by renewed strength in the dollar, a slight uptick in global crude oil prices, and cautious market sentiment around U.S. monetary policy and trade tensions. While continued foreign institutional inflows and resilient domestic equities offered some support, dollar demand from importers limited further gains.