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Reliance on non-core income makes Indian insurers structurally weaker than global peers: Report
In the realm of Indian general insurance, a significant portion of profits arises from investment income. This reliance dilutes their operational strength compared to international players.
Crude oil prices remain volatile: Why Julius Baer believes oil crisis may not last long despite Middle East tensions
Crude oil prices fluctuated sharply due to Middle East tensions, with prices briefly surging above $110 per barrel before cooling. Despite a recent rebound, uncertainty remains as diplomatic negotiations between the US and Iran continue, impacting global energy markets.
S&P flags pressure on Indian Oil as high crude prices squeeze margins
S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs while meeting India's energy needs.
GAIL Q4 results: PAT falls 15% QoQ to Rs 1,485 crore; co declares Rs 0.5 dividend
GAIL reported a Q4 consolidated PAT of Rs 1,485 crore, down 15% sequentially. The company declared a Rs 0.5 dividend. For FY26, consolidated PAT fell sharply by 39% to Rs 7,582 crore, mainly due to global energy headwinds, despite resilient operational volumes.
Deep under China's coal basins, PetroChina is unlocking gas from rocks
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as a fortress against global energy volatility.
US Treasuries Rebound on Optimism for US-Iran Deal Progress
Treasuries surged on investor optimism that the US and Iran were working toward a deal that could ease a rise in global energy prices that has fanned fears around inflation.
Crude Nightmare: Gita Gopinath Warns Oil Can Hit $160 In June If Iran Deadlock Persists
According to Gopinath, a spike to those levels would severely hurt both the global economy and India, which relies heavily on the Middle East for energy imports.
Union Minister Piyush Goyal calls for industry and govt collaboration
Union Commerce and Industry Minister Piyush Goyal called for deeper collaboration between industry and government to advance ease of doing business, enhance Indias competitiveness and accelerate the countrys journey towards Viksit Bharat. The Minister was speaking at the India Business Reform Summit 2026 in New Delhi. Mr Goyal said that the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business processes, undertake faster reforms, build greater resilience and strengthen supply chains. Calling businesses to remain alert and avoid panicking, the Minister said that India had successfully overcome unpredictable challenges such as COVID-19. He emphasised the need for smarter and more efficient business practices, including reducing waste, improving productivity and adopting energy efficiency measures. Mr Goyal informed that around one thousand eight hundred Global Capability Centres (GCCs) are operating in the country. ..
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Reliance in talks with Chinese battery behemoth CATL & others for big battery system parts
Reliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components for battery energy storage systems as it pushes ahead with its clean energy plans.
ReNew Energy Q4 net declines 75%; FY26 PAT jumps twofold
ReNew Energy Global reported a significant 75% year-on-year decline in net profit for Q4FY26, reaching ₹77.7 crore. Despite this quarterly dip, the company's profit after tax for the full fiscal year FY26 more than doubled to ₹1,038.5 crore, driven by substantial revenue growth. ReNew Energy Global anticipates completing 1.6 to 2.4 GW of construction by March 31, 2027.
Hindustan Copper to raise output by 30% as global demand zooms
Hindustan Copper aims for a significant production jump this fiscal year. This increase is driven by anticipated strong demand from AI data centers, electric vehicles, and power grid upgrades. Global copper markets are expected to remain tight with elevated prices. The company's output is projected to reach its best-ever levels.