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Mumbai, Apr 8 (PTI) Equity benchmark indices Sensex and Nifty surged nearly 4 per cent on Wednesday, following an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The RBI decision to keep the policy repo rate unchanged, heavy buying across all sectors and a strengthening rupee against the US dollar also improved investor sentiment, traders said. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 po ...Read More >
New Delhi, Apr 8 (PTI) Japan's MUFG Bank on Wednesday acquired 20 per cent stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore. The transaction represents the largest cross-border investment in India's financial services sector. "This follows the approval by SFL's Board of Directors, at its meeting held today, of the allotment of equity shares to MUFG Bank through a preferential issue," SFL said in a statement. MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of Rs 8 ...Read More >
Mumbai, Apr 8 (PTI) Equity benchmark indices Sensex and Nifty ended nearly 4 per cent higher on Wednesday, following an impressive rally in global markets and a drop in crude oil prices, after the US and Iran announced a two-week ceasefire. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 points or 3.95 per cent to settle at 77,562.90. During the day, it surged 3,018.96 points or 4 per cent to 77,635.54. The 50-share NSE Nifty soared 873.70 points or 3.78 per cent t ...Read More >
BENGALURU: US stock index futures climbed on Wednesday as investors breathed a sigh of relief after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcement came less than two hours before US President Donald Trump's deadline, in a sharp turnaround from his previous warning of wiping out "a whole civilization" if Tehran did not reopen the Strait of Hormuz, the narrow waterway that ...Read More >
New Delhi, Apr 8 (PTI) Max Healthcare Institute Ltd on Wednesday said it has entered into a share purchase agreement to acquire a controlling stake of 58.4 per cent in Kalinga Hospital Ltd (KHL) from Hospital Corporation of Orissa Inc. at an equity value of Rs 300 crore including control premium. The development marks Max Healthcare Institute's foray into Bhubaneswar, Odisha. Operating since 1997, the 250-bedded, NABH accredited, Kalinga Hospital offers super specialty services for Neuro, Card ...Read More >
Synopsis: Max Healthcare's board approved acquiring 58.39% of Kalinga Hospital Ltd on April 8, 2026, entering eastern India with a 250-bed multi-specialty facility in Bhubaneswar. Max Healthcare made a bold move on Wednesday. Its board met on April 8, 2026, and cleared a major hospital acquisition in Odisha. The decision signals a strong and clear growth push by one of India's largest hospital chains. This is not a small step it is a strategic leap eastward. Max Healthcare Institute's Limited' ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro ...Read More >
Mumbai: Gold and silver prices on Wednesday traded sharply higher due to safe-haven demand, even after a two-week ceasefire plan was announced by US President Donald Trump. On the Multi Commodity Exchange (MCX), gold futures (June 5) jumped as much as Rs 3,688 or 2.45 per cent to an intraday high of Rs 1,53,977 as of 10:52 AM. The yellow metal was trading at Rs 1,53,920, up Rs 3,631 or 2.42 per cent. It touched an intraday low of Rs 1,53,301, a gain of 2 per cent from the previous close. On t ...Read More >
By Jaspreet Kalra and Abinaya V MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo ra ...Read More >
MUMBAI, April 8 (Reuters) - The Reserve Bank of India kept its key policy rate unchanged on Wednesday as it awaits clearer evidence of the impact from the Iran war on the South Asian nation's economy. While risks to growth and inflation have risen due to the Middle East crisis, the rate panel chose to "wait and watch", RBI Governor Sanjay Malhotra said while announcing the policy decision. The RBI's six-member monetary policy committee voted to keep the repo rate (INREPO=ECI), opens new tab st ...Read More >
Mumbai, April 8: 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 secto ...Read More >
Mumbai, April 8 (SocialNews.XYZ) 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 ...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 stocks ...Read More >
New Delhi, April 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank's $70 per barrel assumption, a report said on Tuesday. "Current oil prices are 50 per cent above RBI's assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening," the report from SBI Mutual Funds said. The AMC firm noted metals and mining a ...Read More >
New Delhi (ABC Live): Competition approvals in India are often delivered in dry, technical language. This one does too. On April 7, 2026, PIB said CCI approved the acquisition by Indriya Ltd. of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. through a preferential issue on a private placement basis, calculated on a fully diluted, post-issue basis. PIB also described the acquirer as an investment holding company with no current operations in India. In contrast, it describ ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday approved Advent International's proposal to pick up a 14.3% stake in Aditya Birla Housing Finance. In February, the boards of Aditya Birla Capital and its subsidiary Aditya Birla Housing Finance (ABHFL) had cleared a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL from Indriya, an Advent International entity. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a priv ...Read More >
Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of PFC and REC to help achieve scale and improve efficiency in the public sector NBFC space The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said. Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of Power Finance Corporation ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
Mumbai: Shares of Power Finance Corporation (PFC) and REC Limited saw strong movement in the market. Around 2 PM, PFC stock was up nearly 1 percent at about Rs 410, while REC shares also gained around 1 percent to trade near Rs 330. The rise came after reports of a possible merger between the two companies. Government's New Strategy According to sources from the Finance Ministry, the government is exploring a new approach for the merger. If PFC and REC combine, the government may not need to h ...Read More >
New Delhi: The government is looking at options, including issuance of preference shares or fresh equity, to maintain 51 per cent stake in the state-owned Power Finance Corporation post its merger with REC, a senior official said. Finance Minister Nirmala Sitharaman had, in the FY27 Budget, announced the restructuring of Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to help achieve scale and improve efficiency in the public sector NBFC space. "The government would ...Read More >
New Delhi : TDI Infratech, in partnership with DC Group, has announced its entry into Ludhiana with the development of an approximately 150-acre integrated township. The development is backed by an equity investment commitment of INR 750 crore. The project will span over 6 million square feet of developable area, marking a significant step in the company's continued expansion across Punjab. The Ludhiana development will be TDI Infratech's fourth township in Punjab after Chandigarh, Rajpura and ...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 >
Mumbai, April 7 (SocialNews.XYZ) 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 ...Read More >
Mumbai, April 7: 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 ...Read More >
New Delhi [India], April 7 (ANI): The Indian Market opened in the red on Tuesday as the benchmark indices experienced a sharp decline during the early trade, tracking global cues and rising energy costs. The BSE Sensex stood at 73,371.20 points, marking a significant drop of 735.65 points or 0.99 per cent at 9:16 am. At the same time, the NSE Nifty 50 started at 22,741.30 points, recording a decrease of 226.95 points or 0.99 per cent. The negative opening follows a surge in Brent crude prices, ...Read More >
Mumbai (PTI): The rupee gained 28 paise to close at 92.90 against the US dollar on Monday, following the Reserve Bank's measures to curb speculative fervour and dampen volatility in the Indian currency. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative positions and capp ...Read More >
Mumbai: The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative ...Read More >
Mumbai, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb ...Read More >
New Delhi, Apr 6 (PTI) State-owned UCO Bank on Monday reported a 19 per cent credit growth at Rs 2.62 lakh crore in the January-March quarter of FY26. Total advances were at Rs 2.20 lakh crore in the year-ago quarter that ended in March 2025, UCO Bank said in a regulatory filing. The Kolkata-based lender reported an 11 per cent rise in total deposits at Rs 3.27 lakh crore during the reporting quarter, as against Rs 2.94 lakh crore registered at the end of the fourth quarter of the preceding fi ...Read More >
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