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New Delhi, Apr 6 (PTI) Falling for the second day in a row, shares of Reliance Industries on Monday dropped over 3 per cent on the bourses. The bellwether stock declined 3.41 per cent to settle at Rs 1,304.75 on the BSE. During the day, it dropped 4.50 per cent to Rs 1,290. At the NSE, the stock edged lower by 3.39 per cent to Rs 1,304.70. In two trading days, the stock has lost 4.68 per cent, wiping out Rs 86,743.14 crore from its market valuation. The company's market valuation slipped belo ...Read More >
Mumbai (Maharashtra) [India], April 6 (ANI): Shares of Wipro Limited ended higher on Monday after the company announced a major multi-year strategic deal with Singapore-based Olam Group. In an exchange filing, Wipro said it has secured a large transformation contract with Olam Group, marking a significant development in its international business operations. The 8-year partnership is expected to generate over USD 1 billion in total contract value, with a committed spend of USD 800 million. As ...Read More >
MUMBAI, April 6 (Reuters) - Indian companies' activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India's imposition of restrictions on lenders' net onshore open FX positions, prompting a rush to lower positions aimed at benefitting from gaps between onshore and non ...Read More >
Mumbai (Maharashtra) [India], April 6 (ANI): Shares of Wipro Limited ended higher on Monday after the company announced a major multi-year strategic deal with Singapore-based Olam Group. In an exchange filing, Wipro said it has secured a large transformation contract with Olam Group, marking a significant development in its international business operations. Also Read | Sikkim State Lottery Result Today 6 PM Live: Dear Legend Monday Lottery Result of April 6, 2026 Declared Online, Watch Lucky ...Read More >
NEW DELHI: India's equity markets made a sharp recovery on Monday, with benchmarks -- the BSE Sensex and the NSE Nifty -- settling more than 1% higher each, as reports of a potential ceasefire between the US and Iran lifted sentiment. A rebound in the rupee following the Reserve Bank of India's intervention with a slew of measures to restrict banks from onshore forward markets also provided support to the equity market. The Sensex advanced by 787 points, or 1.07%, to settle at 74,106.85, while ...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: Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share NSE Nifty edg ...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: The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. Also read: RBI expected to hold rates steady in first ...Read More >
New Delhi, Apr 6 (PTI) Gold prices rose over 1 per cent to Rs 1.51 lakh per 10 grams in futures trade on Monday amid escalating geopolitical tensions in West Asia. On the Multi Commodity Exchange, the yellow metal for June delivery climbed Rs 1,621, or 1.08 per cent, to Rs 1,51,301 per 10 grams, from Thursday's closing level of Rs 1,49,680 per 10 grams. Commodity markets were closed on Friday due to Good Friday. Since the onset of the conflict in West Asia, gold has lost its sheen by Rs 14,35 ...Read More >
Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share N ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...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 >
[MUMBAI] The Reserve Bank of India's (RBI) tightening of foreign exchange (FX) rules will help shield the rupee from pressures emanating from offshore markets, but traders may continue drawing pricing signals from those markets, a senior Axis Bank official said. A 4.5 per cent fall in the Indian rupee since the breakout of the Iran war has prompted the central bank to impose a cap on banks' net open FX positions in the onshore markets in late March. The RBI also barred lenders from offering no ...Read More >
Mumbai, Apr 6 (PTI) The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 b ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
BENGALURU, April 6 (Reuters) - Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for investors, they added. Tata Consult ...Read More >
New Delhi, Apr 6 (PTI) Crude oil prices gained Rs 91 to Rs 9,284 per barrel, hovering near its record levels, in futures trade on Monday after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened. On the Multi Commodity Exchange, crude oil for May delivery increased by Rs 91, or 1 per cent, to Rs 9,284 per barrel. Oil prices hit record of Rs 9,407 per barrel on March 23, 2026. The uptick in crude oil prices ...Read More >
India's Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has triggered a severe energy shock, driving the Indian rupee to record lows beyond 95 per U.S. dollar and pushing 10-year government bond yields to nearly 7.14% -- their highest point in almost two years. After delivering 125 basis points in cumulative rate cuts throughout 2025, th ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
New Delhi: Crude oil prices rose again on Monday, April 6, as tensions between the US, Israel, and Iran increased. This conflict is affecting oil supply from West Asia, which is one of the world's biggest oil-producing regions. Any disruption here quickly impacts global prices. Current Price Levels In the international market, Brent crude prices jumped 1.6% to cross USD 110 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was seen trading near USD 112 per barrel. Last week also sa ...Read More >
Guwahati, Apr 6 (PTI) Assam Chief Minister Himanta Biswa Sarma on Monday claimed the Congress has concocted the charge that his wife has multiple passports and owns properties in Dubai, using false information from a Pakistani social media group. He also alleged that Pakistan was trying to influence the outcome of the Assam elections. At a press conference here, a day after Congress leaders Pawan Khera and Gaurav Gogoi sought to know whether his wife or family owns property in Dubai, has compa ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
New Delhi: The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market. The domestic currency was trading at 93 per dollar in early trade, compared to its previous close of 93.10. Currency and fixed income markets remained closed on April 3 on account of Good Friday. The rupee has gained around 2 per cent over the past week following the Reserve Bank of India's (RBI) me ...Read More >
New Delhi, Apr 6 (PTI) Precious metal prices in the domestic markets are expected to remain moderately bullish in the fiscal year 2026-27 as geopolitical tensions, trade war fears and growing recession risks globally are likely to bolster safe-haven demand, even as elevated interest rates may limit sharp gains. On the domestic front during FY26, silver futures surged by Rs 1,41,431, or 142.2 per cent, from Rs 99,461 per kg recorded on April 1, 2025, while gold soared by Rs 60,258, or 67 per cen ...Read More >
Gandhi said India should be at the forefront of the global technology race but is instead being "kept in the dark" about critical issues related to data protection and usage. Leader of Opposition Rahul Gandhi on Monday raised concerns over India's data sovereignty, alleging a lack of transparency from the government on how citizens' data will be protected amid ongoing digital trade negotiations with the United States. Gandhi said India should be at the forefront of the global technology race b ...Read More >
Guwahati: Assam Chief Minister Himanta Biswa Sarma on Monday asserted that the Congress is "finished" in the state, while reiterating his allegations of Pakistlinks in the ongoing passport row involving Congress leaders Gaurav Gogoi and Pawan Khera over claims related to his wife, Riniki Bhuyan Sharma. Addressing a press conference, Sarma said, "Congress is finished in Assam. Just look at the 'Satta Bazar' rate yesterday. After making this allegation, the seats for NDA went up to 99. In the mor ...Read More >
Mumbai: India's central bank is expected to keep interest rates on hold on Wednesday as policymakers assess the fallout from the war in Iran, which threatens the South Asian economy and has battered its currency and bond markets. Instead, the focus is likely to be on calming financial markets, with assurances of readiness to support the weakening rupee and inject liquidity to keep bond yields in check, economists and traders said. Also Read: RBI may keep rates unchanged, focus on rupee stabili ...Read More >
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