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Reliance Infra arm cuts debt by ₹1,100 crore as NARCL settles Mumbai Metro dues
Reliance Infrastructure's Mumbai Metro arm has signed a debt restructuring deal with NARCL, reducing its debt by over ₹1,100 crore and ending insolvency proceedings.
INR settles higher on positive cues from local equities; Weak greenback supports
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90.
Freight woes threaten fresh supply crunch in Manipur as transporters stay away
Transport operators are avoiding Manipur due to high costs and long travel times. Essential goods face shortages as highway conditions worsen significantly. Freight charges have increased substantially, impacting commodity prices. Retail prices for onions, potatoes, and edible oil have risen sharply. Further disruptions risk shortages, especially during the monsoon season.
Advait Energy gains after securing Rs 251-cr PGVCL orders for underground power network projects
Advait Energy Transitions rose 1.36% to Rs 2,226.20 after it has secured four domestic turnkey contracts worth a combined Rs 250.59 crore from Paschim Gujarat Vij Company (PGVCL).
IEA's Russian oil output forecasts cut after Ukraine attacks
IEA downgrades Russian oil production outlook due to Ukrainian attacks on energy infrastructure, impacting global supply.
HCL in 'positive direction' on takeover of 4 copper blocks in Chile; advisors studying data
Hindustan Copper Limited is advancing positively on acquiring four Chilean copper blocks. Transaction advisors are studying data and regulatory issues are being examined. This move aims to secure critical raw materials for India's green energy transition. The company is bidding jointly with NTPC Mining and Coal India Limited.
Advait Energy shares edge up after ₹251 crore Gujarat power project wins
Advait Energy Transitions has secured four turnkey contracts worth ₹250.59 crore from Paschim Gujarat Vij Company Ltd to develop underground power distribution infrastructure across Gujarat, with the projects to be executed over the next 18 months.
Why LPG losses likely to shrink for oil marketing companies
Efforts to boost local production during the war in West Asia may pay start to pay dividends now.
MRPL shares jump 9% as ONGC approves strategic oil reserve in Mangaluru
ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.
E20 petrol may cut mileage by 3-5% in some vehicles, but benefits outweigh impact: Oil Ministry
The government acknowledges E20 fuel's minor fuel economy reduction. This impact is outweighed by benefits like better engine performance and lower emissions. India's ethanol blending program began with pilot projects in 2001. The nation achieved ten percent blending ahead of schedule in 2022.
Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening
Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and Ukrainian attacks. Global oil demand is recovering, but overall supply forecasts depend on lasting peace.
Mutual funds pick fewer IPOs but deliver bigger returns in the first half of 2026
Mutual funds have turned more selective in India's IPO market, participating in only 19 of the 28 public issues in the first half of 2026, according to Prime Database. Despite bidding less, their stock selection has outperformed. Ten of the 11 IPOs led by mutual funds are trading above their issue price, with Omnitech Engineering surging 133%. As mega IPOs such as NSE, Jio and SBI Funds line up in the second half, investors will be watching whether mutual funds continue their disciplined approach or increase participation.Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.