BUSINESS HIGHLIGHTS

New Delhi, Apr 16 (PTI) Following are the top business stories at 2050 hours:
    
    
    DEL37 BIZ-INDIA-LD TRADE
    * US top trading partner of India for 4th straight year in FY25; trade gap with china widens to USD 99.2 bn
     New Delhi: The US remained India's largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at USD 131.84 billion, while the country's trade deficit with China widened to USD 99.2 billion during the same period, government data showed. *

     DCM106 BIZ-RESULTS-LD WIPRO
     * Wipro Q4 PAT up 26 pc; co sees up to 3.5 pc drop in IT services revenue for Q1FY26 amid macro woes
     New Delhi: Wipro on Wednesday reported a 25.9 per cent year-on-year rise in consolidated net profit for the March quarter to Rs 3,569.6 crore, but warned of a weak quarter ahead with up to 3.5 per cent expected drop in IT services revenue for Q1FY26, amid global uncertainties. *
    
     DCM130 AVI-INDIA-TRAFFIC GROWTH
    *India set to surpass China in air passenger traffic growth rate in 2026: ACI
    New Delhi: India is projected to surpass neighbouring China in air passenger traffic growth rate in 2026, growing at 10.5 per cent, airports' grouping ACI said on Wednesday.

    DCM127 BIZ-INDIA-EXPORTS-US
    Exporters from certain sectors front loading consignments to US taking advantage 90-day tariff pause
    New Delhi: Taking advantage of the 90-day tariff pause window announced by the US President Donald Trump-led administration, Indian exporters from certain sectors such as gems and jewellery, footwear and garments have started front loading consignments to the US.

    DCM125 BIZ-LD GOYAL-STARLINK
    Goyal meets Starlink delegation; discusses future investment plans in India
    New Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday met a delegation of satellite internet services provider Starlink and discussed their existing partnerships and future investment plans in India.

     DEL39 BIZ-LD-STOCKS
     * Sensex rallies for 3rd day to regain 77,000-mark; Nifty climbs 108.65 points
     Mumbai: 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. *
     DEL60 BIZ-LD RUPEE
     * Rupee gains 16 paise against US dollar
     Mumbai: The rupee sustained its rally for the third straight session and settled with a gain of 16 paise at 85.64 against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency. *

     DEL49 BIZ-GOLD-2NDLD PRICE
     * Gold soars Rs 1,650 to scale fresh peak of Rs 98,100 per 10 g; silver jumps Rs 1,900
     New Delhi: 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 the safe-haven asset triggered by an escalated trade war between the US and China. *

     DCM72 BIZ-GAS-SUPPLY-CUT
     * Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas
     New Delhi: The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. **

(This story has not been edited by THE WEEK and is auto-generated from PTI)