Hello and Welcome, in today’s newsletter, we take a look at India’s maritime insurance; Apple’s change of guards as Tim Cook leaves the top job; the rise in EV curiosity as the West Asia war continues; firing in Mexico; the fragile US markets and more.
Explained: How India’s maritime insurance pool will work and why it matters now
The government has approved a ₹12,980 crore sovereign-backed maritime insurance pool to provide domestic capacity for insuring Indian shipping risks. The initiative comes at a time when global marine insurance markets have seen tighter capacity and higher premiums, particularly for war-related risks.
Apple Under Tim Cook: 20x jump in market cap, quadruple sales and more
Tim cook will step down as the CEO of Apple on September 1, marking an end to a 15-year tenure that set many records for the iPhone manufacturer. At the end of fiscal year 2011, Apple had sales of $108.25 billion. For the year that ended on September 27 last year, Apple’s sales had nearly quadrupled to $416.1 billion.
Gold steadies, silver slips as geopolitics, dollar strength shape bullion outlook
Global precious metals traded mixed on Tuesday (April 21), with gold holding marginal gains while silver edged lower, as investors weighed easing oil prices, currency movements and persistent geopolitical tensions in West Asia.
Who is John Ternus, Apple’s next CEO set to succeed Tim Cook
Tim Cook to step down as Apple CEO, hardware chief John Ternus to take over, facing AI disruption, tougher smartphone competition and Apples fall to third in market value. John Ternus is a company insider. He joined the Cupertino corporation in 2001, six years before the launch of Apple’s first iPhone.
Gunman opens fire on tourists at Mexico’s Teotihuacán pyramids, kills Canadian
At the archaeological site north of Mexico’s capital, an armed man on top of one of the ancient Teotihuacán pyramids opened fire on visitors on Monday, killing one Canadian and injuring at least thirteen others, according to authorities.
Five reasons why this US market recovery is as fragile as the ceasefire with Iran
The Dow Jones traded in a 250-point narrow range, while the S&P 500 and the Nasdaq put an end to their best winning run in years. The Nasdaq’s 13-day winning streak, the longest since 1992, came to an end at the start of the week amidst rising uncertainties over the ceasefire extension with Iran and a possible peace deal.
India clears more wheat exports to prevent price crash amid bumper harvest
India has approved the export of an additional 25 Lakh Metric Tonnes (LMT) of wheat in a bid to ensure remunerative returns for farmers while maintaining stability in domestic markets. Earlier, the Government had approved the export of 5 LMT of wheat products in January 2026.
Not India: South Korea takes the biggest hit in foreign investor selloff
India is not the emerging market that has seen the largest outflows of foreign capital so far this year. While the country has recorded outflows of over $18 billion in 2026—close to a record—this is still lower than some of its peers.
Eris Lifesciences says issues found at Swiss Parenterals units; impact likely minimal
Eris Lifesciences Ltd on Monday, April 20, said Croatia’s medicines regulator HALMED has issued non-compliance observations following an inspection of its subsidiary Swiss Parenterals Ltd.’s manufacturing units in Ahmedabad, Gujarat.
West Asia tensions spark 20% jump in EV enquiries in India
West Asia tensions have triggered a nearly 20% jump in electric vehicle (EV) enquiries in India, as consumers grow wary of rising fuel costs and potential supply disruptions, according to industry body Society of Indian Automobile Manufacturers.
RBI Governor flags ‘watchful’ policy stance as global risks persist
Amid heightened global uncertainty triggered by tariffs and geopolitical tensions, Reserve Bank of India (RBI) Governor Sanjay Malhotra has reiterated the need for a cautious and consistent monetary policy approach, even as he underscored the strength of India’s macroeconomic fundamentals.