Business

Consumer electronics prices are set to rise again by April’s end, marking the third increase in four months. Manufacturers are passing on sustained cost pressures from plastics, memory chips, and currency fluctuations to consumers. This wave of hikes, with appliances and smartphones seeing significant jumps, could strain demand.

Indian banks are open this Saturday, April 18, 2026, as it’s the third Saturday of the month. Customers can visit branches for routine services, while digital banking remains fully operational. Note that locker access and high-value transactions still require an in-person visit. This follows the RBI’s holiday structure where only second and fourth Saturdays are

Central government employees will see a 2% Dearness Allowance increase, approved by the Cabinet. This comes as employee bodies push for significant pay structure reforms under the proposed 8th Pay Commission, seeking a higher fitment factor and expanded family definitions for pay calculations.

Iran is planning to implement new transit fees to regulate ship movement through the Strait of Hormuz, requiring prior coordination with Iranian authorities for passage. While “friendly” vessels will be permitted, “hostile military vessels” from the US and Israel will be denied entry. Iran asserts its sole control over the strait’s management and security.

The US has extended a sanctions waiver on Russian oil purchases, offering temporary relief for countries importing crude. This move allows for continued procurement of Russian oil, particularly beneficial for India which relies heavily on imports and has increased its intake amid Middle East supply pressures. The waiver provides a crucial window for India to

Global markets surged Friday as easing West Asia tensions spurred a broad risk rally. Wall Street benchmarks hit record highs, led by small-cap stocks, as falling oil prices boosted confidence. Investors anticipate an end to the conflict, with US President Trump expressing optimism for a swift resolution and a deal on uranium.

The US Treasury Department has issued a new license extending a waiver for global buyers to purchase Russian oil shipments already at sea until May 16. This decision reverses earlier statements and aims to manage energy market volatility, despite criticism from lawmakers who argue it supports economies engaged in conflicts.