After US truce, will China’s trade charm clip Nifty’s wings?

Gameskraft, a leading Indian skill-based online gaming company, has announced a strategic pause in its Poker platform, Pocket52, to revamp its offering for sustainable growth. The platform will cease gameplay by May 30, 2025, and the 'Add Cash' feature will be disabled from May 22, 2025. Despite this, the app will remain accessible for withdrawals until July 2025.

Strata, a fractional real estate platform, has surrendered its SM REIT registration with SEBI amidst a legal dispute involving its promoter and a Tamil Nadu-based realty developer. SEBI accepted the surrender, cautioning investors, while Strata intends to reapply for a license after the litigation concludes. The company asserts that existing investments and operations remain unaffected, despite the regulatory development.

GE Vernova is investing Rs 140 crore in India to expand its manufacturing capabilities for advanced grid infrastructure. This investment, executed through GE Vernova T&D India, will enhance the production and testing of next-generation equipment crucial for modern transmission systems.

India's central bank is reviewing digital wallets linked to electric-vehicle companies after BluSmart's collapse left users stranded with inaccessible funds. The RBI is concerned about the lack of safeguards for closed-loop wallets used for EV-related transactions. Consultations with EV charging operators and platforms are underway to assess consumer risks and potential regulatory measures like escrow arrangements.

Cipla anticipates that Donald Trump's order to lower US drug prices could favor generic drug companies like itself. The company reported a strong Q4 performance with a 30% increase in net profit. Cipla is optimistic about growth in India, particularly in the weight-loss drug market, and is exploring both organic and inorganic expansion opportunities.

More Indians are buying air conditioners to combat extreme heat. AC sales are booming, driven by rising temperatures and incomes. This surge in demand strains India's electricity grid. Most power comes from coal, increasing emissions. While ACs offer relief, they worsen climate change. Energy-efficient models and awareness are crucial. The nation faces balancing comfort and environmental responsibility.

India's coal imports saw a significant 9.2% decrease between April 2024 and February 2025, resulting in substantial foreign exchange savings. This decline, particularly in the Non-Regulated Sector, reflects the nation's push for energy self-reliance. Increased domestic coal production and reduced imports for blending by thermal power plants are driving this positive shift.