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Waqf case: Would Muslims be part of Hindu trusts? Supreme Court asks Centre

New Delhi, Apr 16 (PTI) If Muslims would be allowed to be a part of Hindu religious trusts, the Supreme Court on Wednesday asked the Centre while hearing pleas challenging the constitutional validity of the Waqf (Amendment) Act, 2025. A bench of Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan asked solicitor general Tushar Mehta, appearing for the Centre, on how “waqf by user” can be disallowed as many will not have requisite documents to get such waqfs registered. “Waqf by user” refers to a practice where a property is recognised as a religious or charitable

Sensex rallies for 3rd day to regain 77,000-mark; Nifty climbs 108.65 points

Mumbai, Apr 16 (PTI) Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Wednesday following buying in banking stocks and fresh foreign fund inflows as retail inflation slipping to near six-year lows raised hopes of further rate cuts. Defying a weak global market trend, the 30-share BSE Sensex climbed 309.40 points or 0.40 per cent to settle at a two-week high of 77,044.29 in a volatile session. After a weak start, the index moved between gains and losses during the session. It hit a high of 77,110.23 and a low of 76,543.77, gyrating 566.46 points.

Rupee gains 12 paise to settle at 85.68 against US dollar

Mumbai, Apr 16 (PTI) The rupee sustained its rally for the third straight session and settled with a gain of 12 paise at 85.68 (provisional) against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency. Positive domestic macroeconomic numbers amid the 90-day pause on US reciprocal tariffs triggered a buying rush in equities, strengthening the local currency, according to forex traders. Also, lower crude prices in international markets supported the domestic unit, they added. At the interbank foreign exchange, the domestic unit opened at 85.66 and moved between the intraday high

Gold soars Rs 1,650 to scale fresh peak of Rs 98,100 per 10 g; silver jumps Rs 1,900

New Delhi, Apr 16 (PTI) Gold prices soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in the national capital on Wednesday amid a global rush for safe-haven buying triggered by an escalated trade war between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had finished at Rs 96,450 per 10 grams on Tuesday. Gold of 99.5 per cent purity also appreciated by Rs 1,650 to hit a fresh peak of Rs 97,650 per 10 grams against the previous close of Rs 96,000

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