U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China s top economic official in Switzerland this week, U.S. officials said, in what could be the first step toward resolving a trade war disrupting the global economy.

Brent crude futures gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 1215 GMT, while U.S. West Texas Intermediate crude was at $59.53 a barrel, up 44 cents, or 0.74%.

Coal India is expected to post a stable performance in the March 2025 quarter, with flat revenue and modest growth in profitability aided by improved e-auction realisations and cost discipline. The company’s net profit is expected to grow by an average of 4% YoY, while revenue is likely to remain largely unchanged compared to the year-ago quarter.

Indian equity markets anticipate a nervous opening. This follows the Indian Armed Forces precision strikes on terror infrastructure in Pakistan and PoK under Operation Sindoor. The government calls the operation focused and non-escalatory. GIFT Nifty indicates a mildly negative start. The Ministry of Defence will provide a detailed briefing on Operation Sindoor.

Following Indian armed forces strikes on multiple sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the Indian rupee weakened against the U.S. dollar in the non-deliverable forward market. The 1-month NDF suggests the rupee will likely open lower at 84.64-84.68, compared to Tuesday s close of 84.4325, amidst escalating tensions and reported casualties.

Amid April’s global market turmoil, leading valuations expert and NYU finance professor Aswath Damodaran reflected on critical takeaways from the month s sharp volatility. In a blog post dated Saturday, May 3, 2025, Damodaran analyzed the surprising strength of equity markets despite rising geopolitical tensions

Non-bank financier LIC Housing Finance last week raised 10 billion rupees through 20-year securities at a coupon of 7.26%, payable on a monthly basis. It listed these on the National Stock Exchange of India on Monday