Stock markets braced for volatility as escalating global trade tensions threatened to derail economic stability, with President Donald Trump’s sweeping tariff measures casting a long shadow over international commerce. The Sensex opened slightly higher at 73,005.37 compared to its previous close of 72,989.93 and is currently trading at 73,446.52, up by 456.59 points or 0.63 per cent. Similarly, the Nifty opened at 22,073.05 against its previous close of 22,082.65 and is now at 22,243.50, gaining 162.90 points or 0.74 per cent at 10.30 am.
Gold Rate Today, March 5 2025: Gold prices up in Mumbai, Bengaluru, Kolkata and Chennai
Gold prices in India saw a slight increase today, with rates rising by ₹65 per gram across most cities. The price for 8 grams of 24-carat gold also increased by ₹552 compared to yesterday.
Stocks that will see action today: March 5, 2025
Coforge has secured a 13-year partnership contract valued at approximately $1.56 billion from US-based Sabre Corporation, a travel technology company. Coforge announced this new agreement will strengthen their long-standing partnership to supercharge Sabre’s product roadmap, furthering the latter’s ability to accelerate product delivery and launch additional AI-enabled solutions.
Trump announces reciprocal tariffs, criticises India’s high auto levies
President Donald Trump addressed Congress in a speech that mixed bold claims with heated confrontations. Democrats staged a visible protest, with female lawmakers wearing pink in silent opposition, while Representative Al Green was ejected after loudly challenging Trump’s mandate. The president largely avoided inflation discussions but blamed rising costs on the previous administration. He touted his economic policies, though recent polls contradict his claims of widespread voter confidence.
Adani Wilmar to acquire Delhi-based GD Foods
Adani Wilmar, on Tuesday, announced the signing of a definitive agreement to acquire GD Foods Manufacturing (India) Private Ltd.The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche, and the remaining to be acquired over the next three years, stated an official release here. In FY24, GD Foods achieved a revenue of ₹386 crore, growing at a three-year CAGR of 15 per cent, and recorded an EBITDA of ₹32 crore.
M2P Fintech to acquire AI start-up Mad Street Den in undisclosed deal
Chennai-based financial technology start-up M2P Fintech is acquiring AI start-up Mad Street Den (MSD) in an undisclosed stock and cash deal. The valuation details of the deal, which brings together two marquee Chennai start-ups, remain undisclosed. However, sources involved in the transaction note that US-headquartered MSD had a new funding round on cards, but it then decided to go the M&A route and run a formal process to discover partners. They had various suitors from the US, but MSD chose to align with M2P Fintech for the sake of “a cultural fit” and Indian connection, the source said.
CCI approves Shell’s 100% acquisition of Raj Petro Specialities
Global energy conglomerate Shell Group has received the Competition Commission of India’s (CCI) approval for its proposed acquisition of Raj Petro Specialities Private Limited. The deal involves Shell Deutschland GmbH and Shell Overseas Investments B.V. acquiring 100 per cent equity in Raj Petro, aiming to enhance operational efficiency and improve customer offerings.
Alpha Wave Ventures II Secures CCI Nod for 12.44% stake buy in Advanta Enterprises
In a significant move within the agri-tech sector, the Competition Commission of India (CCI) has approved the acquisition of a 12.44 per cent stake in Advanta Enterprises Limited by Alpha Wave Ventures II, LP.
Women entrepreneurs are a force multiplier for India’s progress: NeoGrowth
The influence of women business owners extended far beyond business success as their ventures fostered personal empowerment, financial stability for families, and served as an inspiration to others in the community, revealed NeoGrowth’s latest NeoInsights study.
Prime Venture Partners announces $100 million Fund V for early-stage startups
Prime Venture Partners, which has backed companies such as Quizizz, PlanetSpark, MyGate, and others, announced the launch of its Fund V with a corpus of $100 million. With over 80 per cent of the fund already committed by institutional investors from the U.S., Singapore, Europe, and the Middle East, Fund V will support 16-18 companies across key sectors, including FinTech, AI/DeepTech, SaaS, and Digital India.
India enters final of Champions Trophy with four-wicket win over Australia
Star batter Virat Kohli top-scored with 84 as India entered the final of the Champions Trophy with a four-wicket win over Australia here on Tuesday. Batting first, Australia were bowled out for 264 in 49.3 overs and India chased it down with 11 balls to spare. Besides Kohli’s 98-ball knock, Shreyas Iyer made 45 while KL Rahul and Hardik Pandya chipped in with 42 and 28 respectively in the first semifinal.
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