Market News
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Japan's Yen hits 40-year low as clock ticks on intervention
Yen hits 40 year low near 162 per dollar, markets eye possible Tokyo intervention as Fed rate hike odds rise, dollar index climbs, US jobs data and Supreme Court rulings in focus
Dividend stocks: LIC, Asian Paints, 28 others to remain in focus next week
Dividend stocks: CARE Ratings, Supreme Industries, Sona BLW Precision Forgings, and Allied Blenders and Distillers are among the companies that will go ex-dividend next week
TCS clarifies on US Supreme Court verdict in $168 million dispute; Stock in focus
TCS said the US Supreme Court rejected its petition seeking a review of a lower court ruling that upheld damages awarded to DXC. Following the development, the company will record an additional provision of $70 million towards damages, interest and legal expenses in the first quarter of FY27. This will be recognised as a one-time exceptional charge.
Hyderabad-based Pulsus to invest Rs 500 crore in Telangana AI healthcare hub, targets 6,000 jobs
Pulsus Group will invest Rs 500 crore to expand its AI healthcare and digital innovation hub in Telangana, creating 6,000 direct and 30,000 indirect jobs. This expansion, following a Supreme Court ruling upholding its SEZ status, will focus on AI-led healthcare solutions, digital services, and clinical research support.
Bombay HC sets aside govt order on one-time spectrum charges on Airtel, Vodafone Idea
The Bombay High Court has cancelled the one-time spectrum charges for Bharti Airtel and Vodafone Idea. This decision brings relief of approximately Rs 20,000 crore to both companies. Bank guarantees submitted by the firms will be returned. All demand notices and orders concerning these charges have been set aside. The Supreme Court is still considering the matter.
HPCL, BPCL, IOC shares in focus as oil crosses $100 again: Iran’s new supreme leader warns Strait of Hormuz to remain shut
Shares of HPCL, BPCL and IOC are likely to remain in focus as crude oil prices climbed above $100 per barrel again amid escalating Iran Israel US tensions. Iran’s leadership warned the Strait of Hormuz could remain closed, raising concerns about supply disruption and potential margin pressure for Indian oil marketing companies.
Asian Stocks Track US Declines As Oil In Focus: Markets Wrap
Oil edged lower on Friday after climbing to its highest close since August 2022 as President Donald Trump and Iran's new supreme leader both struck defiant tones
SC to hear LG India's plea against EPF requirement for expat staff
The Supreme Court will hear LG Electronics India's challenge to rules requiring foreign workers in Indian companies to join the Employees' Provident Fund Organisation. LG argues this is discriminatory compared to Indian employees. The Delhi High Court had previously upheld these rules. The court has issued notices and will hear the case further on March 20.