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Mumbai, April 7: Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors' sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent ...Read More >
Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
Investing.com -- UBS on Monday nudged down its S&P 500 price targets, flagging elevated oil prices from the Middle East conflict as a threat to growth and a likely delay to Federal Reserve rate cuts, though the bank maintained its broadly positive outlook on U.S. equities. The firm cut its June 2026 S&P 500 target from 7,300 to 7,000 and its December 2026 target from 7,700 to 7,500. Its earnings estimate for 2026 was left unchanged at $310 per share, implying 11% growth. "Slightly weaker growt ...Read More >
CHENNAI: A total of 348 Indian citizens from different parts of Tamil Nadu and its neighbouring states, stranded in Iran for more than a month since a war broke out in West Asia, landed in Chennai in a special flight arranged from Armenia by the Indian embassy officials.Of the 348 passengers, 327 were Tamils, five were from Puducherry, while 10 were from Kerala. Most of the Tamils were natives of Tirunelveli, Kanyakumari and Nagapattinam districts and were working as fishermen in Iran. They were ...Read More >
Leasing activity remained firmly concentrated in Grade A assets, which accounted for 93% of total transactions, the report said. Meanwhile, Pune (3.1 mn sq ft), Chennai (1.5 mn sq ft), Ahmedabad (0.3 mn sq ft), and Kolkata (0.4 mn sq ft) also contributed to the overall leasing, the data showed. "Notably, transaction volumes in Mumbai and Hyderabad during the quarter exceeded 50% of their total leasing activity for 2025, underscoring the strength and concentration of demand. The quarter also sto ...Read More >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
India gold and silver prices fall sharply on April 6, 24k gold near Rs 1.37 lakh per 10g in major cities, MCX gold and silver also trade lower amid strong US dollar Gold and Silver Rates In India Today, April 06: Gold and silver prices in India fell sharply on April 6, US and Iran are likely to negotiate for a 45-day ceasefire. In Mumbai, the price of 24-carat gold rose to Rs 1,36,700 per 10 grams, while 22k gold was available at Rs 1,11,850 per 10 grams. These rates do not include GST and maki ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
Two more liquefied petroleum gas (LPG) tankers belonging to India, Green Asha and Green Sanvi, have exited the Gulf, reported The Economc Times. The report that cites ship tracking data from LSEG and Kpler, says both Green Asha and Green Sanvi have crossed the Gulf area and are currently in the eastern Strait of Hormuz. With this, the total number of Indian-flagged LPG carriers that have passed through the Strait has reached eight, said the report. Another vessel, Jag Vikram, is still located ...Read More >
Karnataka Deputy Chief Minister DK Shivakumar asserted that the Congress-led United Democratic Front is the sole solution for unemployment and price rise in Kerala and Puducherry. He urged South Indian states to unite to protect the Constitution. Shivakumar expressed confidence in the INDIA Bloc forming the government in Kerala, promising to protect the state and its history. Orkkatteri: Karnataka Deputy Chief Minister DK Shivakumar has stated that only Congress-led United Democratic Front (UDF ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): The Securities and Exchange Board of India on Tuesday announced a series of one-time relaxations for listed entities and issuers in view of market volatility arising from ongoing geopolitical tensions in the Middle East. In a circular, SEBI said it has provided relief from penal provisions related to non-compliance with Minimum Public Shareholding (MPS) requirements for a specified period. Also Read | Toyota To Launch 6 New SUVs, MPVs in India by 20 ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Usman Khawaja Spots Lionel Messi Lookalike in Pakistan (Watch Video). Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action ma ...Read More >
MUMBAI: Uday Kotak on Tuesday warned that the world is "at a very important cusp of the return of global colonialism... in 2026 we are at one such cusp," drawing parallels between historical imperial expansion and current geopolitical shifts, while urging India Inc to reset its approach to innovation, manufacturing and energy security.Speaking at the FICCI foundation day event, Kotak said the fact that we are at this cusp was very clear last night in US President Donald Trump's speech in the Whi ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action may not be effective in addressing the current challenges arising from the ongoing We ...Read More >
New Delhi, April 7 (SocialNews.XYZ) India's market regulator Securities and Exchange Board of India (SEBI) on Tuesday announced a one-time relaxation for public issuances, acknowledging that ongoing geopolitical tensions -- particularly in the Middle East -- have slowed fundraising activity and reduced investor participation. Under existing regulations, companies are required to launch their public issues within 12 to 18 months from the date SEBI issues its observations on their offer documents ...Read More >
Mumbai: The Reserve Bank of India (RBI) has started its three-day Monetary Policy Committee (MPC) meeting from April 6 to April 8, 2026. This is the first policy review of the financial year 2026-27. The final decision will be announced on Wednesday, April 8, at 10:00 AM. RBI Governor Sanjay Malhotra, who leads the six-member committee, will also address a press conference at 12:00 noon on the same day. Where To Watch The Announcement? The RBI will stream the policy announcement live on its o ...Read More >
New Delhi, Apr 7 (PTI) Silver prices declined by Rs 2,000 to Rs 2.40 lakh per kilogram, while gold slipped to Rs 1.53 lakh per 10 grams in the national capital on Tuesday as investors turned cautious ahead of US President Donald Trump's deadline to Iran for reopening the Strait of Hormuz. According to the All India Sarafa Association, the white metal depreciated by Rs 2,000, or nearly 1 per cent, to Rs 2,40,000 per kilogram (inclusive of all taxes) from Monday's closing level of Rs 2,42,000 per ...Read More >
Mumbai, Apr 6 (PTI) India's healthcare and pharmaceutical sector is set to enter a capability-led growth phase, potentially creating 2 to 2.5 million new jobs by 2030, while 30 to 35 per cent of the workforce will likely need reskilling, according to a report released on Monday. The country's healthcare and pharmaceutical sector is moving into a capability-led growth phase, with hiring increasingly focused on specialisation and technology integration across hospitals, AYUSH, home and elder care ...Read More >
New Delhi: Since the US-Israel and Iran war began on February 28, 2026, Indian airlines have cancelled over 10,000 flights. The flights were cancelled due to the West Asia conflict escalations and airspace restrictions. Due to the war, several airspace have been closed, forcing airlines to suspend or reroute services, particularly on long-haul routes to Europe and North America. "On an average, Indian carriers used to fly about 300 to 350 flights daily to the Middle East (both ways put together ...Read More >
New Delhi: The government on Tuesday said that over 10,000 flights by Indian carriers to West Asia have been cancelled since the war broke out in the region. The move of the government comes at a time when widespread closures of key transit corridors have forced airlines to suspend or reroute services, particularly on long-haul routes to Europe and North America, according to a senior civil aviation ministry. "On average, Indian carriers used to fly about 300 to 350 flights daily to the Middle ...Read More >
New Delhi, April 7: India's market regulator, Securities and Exchange Board of India (SEBI), on Tuesday announced a one-time relaxation for public issuances, acknowledging that ongoing geopolitical tensions -- particularly in the Middle East -- have slowed fundraising activity and reduced investor participation. IPO timelines extended amid market volatility Under existing regulations, companies are required to launch their public issues within 12 to 18 months from the date SEBI issues its obse ...Read More >
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. Wilson's resignation comes just days after its bigger domestic rival, IndiGo, tapped aviation veteran Willie Walsh as its next CEO. The country's two largest carriers are under pressure from an industry crisis stemming from the Midd ...Read More >
New Delhi, April 7: The Directorate General of Civil Aviation (DGCA) has temporarily allowed airlines to extend flight duty time for pilots on long-haul flights as planes have to take longer routes on international flights due to the Iran war, a senior official of the Civil Aviation Ministry said on Tuesday. The easing of the pilot flight duty time limitation (FDTL) norm has been permitted as airlines were facing problems due to the longer flying hours that are now required for flights, as the M ...Read More >
New Delhi, Apr 7 (PTI) Indian carriers have cancelled over 10,000 flights since the onset of the West Asia conflict, as escalating tensions and airspace restrictions disrupted international operations, a senior government official said. The widespread closures of key transit corridors forced airlines to suspend or reroute services, particularly on long-haul routes to Europe and North America. "On an average, Indian carriers used to fly about 300 to 350 flights daily to the Middle East (both wa ...Read More >
Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people. Wilson, whose term was set to end in 2027, will stay in the role until a successor is appointed, Air India said. A former Singapore Airlines executive, Wilson was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022 following years of losses. During ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
New Delhi, Apr 7 (PTI) Leading retail players reported strong double-digit revenue growth in the fourth quarter of FY26 on the back of a stable demand environment and resilient macroeconomic conditions. Listed retail companies as Trent, Avenue Supermarts (D-Mart) and V-Mart, in their recent quarter updates reported around 20 per cent year-on-year growth in their latest quarterly updates, aided by aggressive store additions and steady consumption trends. Trent, a Tata group firm reported around ...Read More >
New Delhi, April 7 (SocialNews.XYZ) The Directorate General of Civil Aviation (DGCA) has temporarily allowed airlines to extend flight duty time for pilots on long-haul flights as planes have to take longer routes on international flights due to the Iran war, a senior official of the Civil Aviation Ministry said on Tuesday. The easing of the pilot flight duty time limitation (FDTL) norm has been permitted as airlines were facing problems due to the longer flying hours that are now required for ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
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