Dalal Street opened higher on Tuesday, with benchmark indices rising after a strong rebound in the previous session. Intense buying in banking and IT stocks, coupled with a strengthening rupee, boosted investor confidence. Global markets showed a mixed trend as oil prices climbed amid Middle East tensions.
Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.
Gold prices plummeted by Rs 6,004 to Rs 1,47,704 per 10 grams on Thursday, reversing a four-day rally. Intensifying West Asian geopolitical tensions and a strengthened US dollar, following President Trump’s warnings of further action against Iran, dampened investor sentiment. This shift also saw traders fully price out US Federal Reserve interest rate cuts for…
Pakistan may resort to fuel rationing at petrol pumps if the US-Iran conflict escalates, finance minister Muhammad Aurangzeb warned. While currently managing demand through price adjustments and targeted subsidies, the government acknowledges this approach’s limits. Disruptions to oil flows via the Strait of Hormuz, crucial for Pakistan’s imports, have already caused significant price hikes and…
The Union Cabinet has approved a Rs 41,534 crore nutrient-based subsidy for the Kharif 2026 season to protect farmers from global price volatility. Di-ammonium phosphate (DAP) prices will remain at Rs 1,350 per 50 kg bag, ensuring affordable fertiliser availability amid rising international rates.
The very large crude carrier Jaya, fully loaded with Iranian oil, is currently unloading its cargo at Paradip on India’s eastern coast. India is looking to quickly secure supplies ahead of a deadline set by the Donald Trump administration that expires over the weekend.
Wipro’s shares tumbled as profit dipped and the IT firm projected a subdued outlook, citing cautious client spending. Revenue growth in its core IT services remained sluggish, raising concerns about persistent challenges. Despite a share buyback, weak guidance and margin pressures overshadowed positive deal bookings, leading to a significant year-to-date stock decline.
Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here are some of the key revisions scheduled for implementation from the start of the new financial year.