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MUMBAI: Sanjay Malhotra on Wednesday said that the Reserve Bank of India has not found any major governance issues in HDFC Bank, even after the bank's chairman stepped down citing ethical disagreements. Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank's governance. "Existing banking laws are clear and effective, and there is currently no need for any changes, " he said. "However, the central ...Read More >
MUMBAI: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2, 775 points to 77, 392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23, 938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector sto ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflation has ea ...Read More >
NEW DELHI: Air India on Tuesday announced a revision in fuel surcharge across domestic and international routes amid a rise in global jet fuel prices. For domestic routes, the airline said it will shift from a flat surcharge to a distance-based structure, effective from Wednesday. The revised surcharge will range from Rs 299 for flights up to 500 kms to Rs 899 for sectors above 2, 000 kms. The move follows the government's decision to cap the increase in domestic Aviation Turbine Fuel (ATF) p ...Read More >
NEW DELHI: Gold and silver prices showed volatility in Tuesday's session amid geopolitical tensions following US President Donald Trump's recent aggressive posts on Iran. On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1, 50, 228, up Rs 247 or 0.16 per cent at 11:35 am. On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1, 50, 474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 at Rs 1, 49 ...Read More >
MUMBAI: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73, 734, while Nifty began the session at 22, 838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting an int ...Read More >
NEW DELHI: The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility. In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy. Pandey said the current crisis adds to a series of shocks that businesses and re ...Read More >
NEW DELHI: India's services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday. The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4. The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March. Firms reported ...Read More >
MUMBAI: Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of "hell" if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz. However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73, 168. Similarly, Nifty was trading at 22, 670, down 42 points or 0.19 per cent in early trade, amid selling pressure in ...Read More >
NEW DELHI: India has navigated recent global shocks with resilience, External Affairs Minister S. Jaishankar said on Saturday, in a reference to the ongoing conflict in West Asia and its wider economic fallout. In his address at the convocation ceremony of IIM Raipur, EAM Jaishankar said India has managed both domestic and external challenges "fairly successfully" despite an increasingly turbulent global environment. He underlined that the ripple effects of conflicts are now felt far beyond th ...Read More >
MUMBAI: HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank's credit-deposit ratio elevated. The bank's gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing. On a sequential basis, loan growth remained moderate, supp ...Read More >
NEW DELHI: In a move aimed at strengthening India's maritime capabilities, the government said on Friday it has signed an agreement with the Korea International Cooperation Agency (KOICA) for a skill development project in the shipbuilding sector. The Ministry of Ports, Shipping and Waterways (MoPSW) said that the government signed a 'Plan of Implementation' with KOICA on April 2. The agreement is aligned with the Maritime Amrit Kaal Vision 2047 and seeks to position shipbuilding as a key drive ...Read More >
NEW DELHI: Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do whenever required as we ha ...Read More >
MUMBAI: Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73, 319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22, 713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session of the week, ...Read More >
NEW DELHI: The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation. The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets. "The move was largely driven by improved risk sentiment following US President Donald Trump's speech, which hinted at negotiations rather than escalation, triggering a relief rally. However, unc ...Read More >
NEW DELHI: In a significant development, defence exports surged to an all-time high of Rs 38, 424 crore in the financial year 2025-26, marking a 62.66 per cent rise from previous fiscal's Rs 23, 622 crore exports figures, the government said on Thursday. Defence Public Sector Undertakings (DPSUs) and the private sector contributed 54.84 per cent and 45.16 per cent, respectively. This accomplishment of the Indian defence industry is in line with the Prime Minister Narendra Modi's vision to posi ...Read More >
MUMBAI: Indian stock markets ended Wednesday's session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day. The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak. The Nifty settled at 22, 679.40, up 348 points or 1.56 per cent, while the Sensex rose 1, 186.77 points or 1.65 per cent to end at 73, 134.34. Commenting on Nifty technical outlook, expert ...Read More >
AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ), on Wednesday, said it has surpassed the landmark milestone of 500 million tonnes of cargo handled. From a single port-led vision in 1998 to a network spanning 19 ports and terminals across India and beyond, APSEZ has grown into a critical enabler of India's trade, industrial growth and global competitiveness. "Ports are not merely gateways for trade; they are gateways to national confidence, competitiveness and destiny. I am gratefu ...Read More >
NEW DELHI: With the FY26 fiscal set to end on Tuesday, investors are gearing up for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1. Many brokers, traders and demat account holders are concerned about the sharp increase in STT on futures and options (F&O) trades, following revisions announced by Finance Minister Nirmala Sitharaman in the Union Budget FY26-27. She had also proposed a significant increase in charges on options. ...Read More >
MUMBAI: The Securities and Exchange Board of India (SEBI) has initiated regulatory action against Elitecon International Ltd after finding prima facie evidence of a pump-and-dump scheme in the company's shares. The capital markets regulator observed that the stock surged more than 60 times within a short period before witnessing a sharp decline, a pattern it said was indicative of manipulative trading. In addition, the price rally was allegedly supported by coordinated trades and fund transfer ...Read More >
MUMBAI: Domestic stock exchanges BSE and NSE will remain closed on Tuesday on account of Shri Mahavir Jayanti. In addition, the bourses will have 11 more days of official holidays this year, except Saturdays and Sundays. In commodities, the Multi Commodity Exchange of India (MCX) will remain closed during the morning session -- 9 am to 5 pm -- on Tuesday due to the festival. However, trading will resume in the evening session from 5 pm to 11:30 pm, according to the exchange. Meanwhile, the Na ...Read More >
MUMBAI: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22, 331.40. Similarly, the Sensex dropped 2.22 per cent, or 1, 635.67 points, ending the session at 71, 947.55. Commenting ...Read More >
NEW DELHI: There is no fuel shortage, and India has sufficient crude oil stock at the moment, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday, adding that people should not spread rumours and avoid creating fake narratives. Speaking in Parliament, the minister stressed that the volume of energy in India is secure. "India's crude supply position is secure, and the secured volume exceeds what Hormuz would have delivered. Thanks to Prime Minister Narendra Modi's outstanding ...Read More >
NEW DELHI: Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity ...Read More >
MUMBAI: Tensions flared in the Bigg Boss 19 house as Farrhana Bhatt and Shehbaz Badeshah got into a heated argument over household chores. It began when Shehbaaz poked Farrhana about not completing her tasks. Annoyed, Farhana snapped back and said: "Even you haven't cleaned the living room -- it hasn't been cleaned in three weeks!" The argument quickly escalated, with Shehbaaz mocking Farrhana's way of speaking and reminding her that she's nominated this week. ...Read More >
NEW DELHI: Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Tuesday said that with electronics component manufacturing taking roots in India, the growth of electronics will generate thousands of new jobs. The approval of the first tranche of seven projects worth over Rs 5, 500 crore under the Electronics Components Manufacturing Scheme (ECMS) signals a strong push to deepen India's electronics value chain. The initiative reflects the government's focus on building a rob ...Read More >
NEW DELHI: Gold ended a nine-week winning streak this week, with a sharp correction as the market reassessed a rally that had pushed prices into overbought territory. The price of 24-carat gold (10 grams) ended at Rs 1, 22, 419 on Friday, down from Rs 1, 23, 827 from its previous close, according to data published by the India Bullion and Jewellers Association (IBJA). Spot gold fell 0.3 per cent to close at $4, 113.05 an ounce in New York, resulting in a weekly loss of approximately 3.3 per ce ...Read More >
NEW DELHI: India's festive retail sales have reached an all-time high this year, highlighting the impact of recent economic policies, including GST rate rationalisation, Union Finance Minister Nirmala Sitharaman said on Friday. Speaking at the inaugural event of the new CGST Bhawan in Ghaziabad, FM Sitharaman said that the next generation GST reforms will make this system even more efficient, equitable and growth-oriented. "I am confident that with continued reforms, dedication and teamwork, w ...Read More >
MUMBAI: PCBL Chemical Limited, a part of the RPSG Group, on Friday reported a 50 per cent year-on-year (YoY) to Rs 61.7 crore in the July-September quarter (Q2 FY26), compared to Rs 123 crore in the same period last financial year (Q2 FY25). Revenue for the quarter remained almost unchanged at Rs 2, 163 crore, according to its stock exchange filing. Operational performance also weakened during the quarter. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) fell ...Read More >
NEW DELHI: Commerce and Industry Minister Piyush Goyal said on Friday that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country's growing economic confidence and global stature in terms of India's approach to Free Trade Agreements (FTAs) and other trading arrangements. Addressing the annual conference and 105th annual general meeting of Assocham in New Delhi, Goyal said the country is now engaging primarily with n ...Read More >
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