Daily Current Affairs for CAT, XAT & MBA GDPI – April 26, 2026
Indian Economy & Policy
India plans global diplomatic push across Europe, Africa, BRICS and Quad in May
India is set to ramp up its global diplomacy in May, with multiple high-level engagements across Europe, Africa and key groupings such as BRICS and the Quad, aimed at advancing a multipolar world order. Narendra Modi is expected to visit Europe for the India-Nordic Summit and bilateral talks in Italy and the Netherlands, while India will host the fourth Africa Summit on May 31, with several African leaders likely to…
PJSC MGKL becomes first Russian publicly listed co to get global scale issuer rating in India
PJSC MGKL, Russia’s first publicly listed resale operator, has received a ‘CareEdge B-/Stable’ global long-term issuer rating from CareEdge Global IFSC Limited, becoming the first Russian firm to be rated in India.
Indian Politics & Governance
Bharat Tex 2026: Apparel leaders urged to promote India as key textile sourcing hub
The chairman of Apparel Export Promotion Council emphasised the need to bridge the technology and quality gaps within the textile industry
Geopolitics (India Focus)
U.S. Navy intercepts Iran-linked vessel in Arabian Sea
The U.S. Department of Treasury sanctioned M/V Sevan and 18 other “shadow fleet” vessels for transporting billions in Iranian energy products to foreign markets
Indian Stock Market & IPOs
Dalal Street Week Ahead: Nifty’s next big move hinges on support test; volatility set to stay high
The Nifty ended the week under pressure, slipping into a corrective phase as volatility surged. With the index hovering near crucial support at 23,800, any breach could trigger deeper weakness. Traders should remain cautious, focus on capital protection, and prepare for a volatile, range-bound market in the days ahead.
Reliance Industries becomes first Indian firm to cross $10 billion annual profit
Reliance Industries achieved a record net profit of Rs 95,610 crore in FY26, becoming the first Indian company to surpass $10 billion in annual profit. Despite a quarterly dip due to the oil-to-chemicals segment, RIL's consumer businesses, including Jio and Reliance Retail, showed robust growth, with retail crossing 20,000 stores.
Marketing, Brands & Consumer Trends
Why did RBI cancel Paytm payment bank's banking license? All you need to know
The RBI revoked Paytm Payments Bank's licence due to persistent non-compliance and concerns over its operations. The bank will undergo winding-up proceedings, with RBI set to approach the High Court for the process. Details here.
Bank holiday today: Are SBI, HDFC Bank, and other banks closed on Saturday, April 25?
On April 25, 2026, all banks in India are closed for the fourth Saturday of the month, following the RBI holiday schedule. Online banking services and ATMs remain operational, allowing customers to conduct transactions despite the bank holiday.
Sports (Business & Governance)
KL Rahul becomes first Indian to cross the 150-run mark in an innings
KL brought up his century in just 47 balls, bringing up DC's fastest-ever century in IPL, outdoing Virender Sehwag and Quinton de Kock's 48-ball centuries in 2011 and 2016, respectively
Vanshika and Chirag win 10m air pistol mixed team gold as India continue to top table
The final day on Sunday (April 26) will see the 50m rifle 3 positions men junior and the trap mixed team junior events being decided