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State-owned IREDA on Monday reported a 27 per cent year-on-year rise in loan sanctions to Rs 47,453 crore in 2024-25. It had sanctioned loans worth Rs 37,354 crore in the previous year, Indian Renewable Energy Development Agency Limited (Ireda) said in a statement. Loan disbursements rose 20 per cent to Rs 30,168 crore from Rs 25,089 crore in 2023-24, as per the provisional data shared by the company. The outstanding loan book also expanded 28 per cent to reach Rs 76,250 crore as of March 31, 2025, up from Rs 59,698 crore in the previous year. IREDA CMD Pradip Kumar Das said, "Our consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects. We remain committed to supporting India's clean energy transition through innovative and accessible financing solutions." IREDA is a non-banking financial institution under the Ministry of New and Renewable Energy.

US stocks fell again on Monday while market volatility surged, as traders grapple with uncertainty about a slew of new tariffs that President Donald Trump has penciled in for April 2.Trump, who has been hyping Wednesday as "Liberation Day," has pledged to impose sweeping levies against trading partners on the date, but his administration has still not released a detailed plan about who or what will be impacted.A few minutes into trading, the Dow Jones Industrial Average dropped 0.5 percent to 41,364.02, while the broad-based S&P 500 Index fell 1.2 percent to 5,513.90.The tech-focused Nasdaq Composite Index lost 2.1 percent to trade down at 16,942.85."Right now investors are really trying to wrestle with what's coming down the pipe regarding tariffs," Steve Sosnick from Interactive brokers told AFP. "And the messaging over the weekend from the president doesn't provide a lot of clarity," he added.The CBOE Volatility Index, colloquially known as Wall Street's "fear gauge," jumped more than 10 percent, reflecting the market uncertainty. "I think the mood is very nervous out there today," said Sosnick. Among individual companies, US aviation giant United Airlines slipped more than 5.9 percent in early trading amid news that Canadians were pulling back on trips to the United States due to the tariffs.And drug maker Moderna's share price tumbled close to 11 percent as traders digested news that a top US Food and Drug Administration official had quit over disagreements with Trump's new health secretary, noted vaccine skeptic Robert F. Kennedy Jr.