Market News
Stay updated with the latest market trends, earnings, and economic indicators.
INR recovers on falling oil prices amid hopes of truce in West Asia
The Indian rupee strengthened by 20 paise to settle at 93.10 (provisional) against the US dollar on Thursday, following a decline in global crude oil prices amid hopes of a truce in West Asia. Dollar pull back to seven week low also supported gains in the counter. However, sustained outflow of foreign capital amid increased dollar demand from importers capped the gain in the local currency. Indian stocks turned weak on Thursday as investors chose to take some profits, cashing in recent gains. Stocks climbed higher early on in the session amid hopes U.S. and Iran will agree on a peace deal later this week. At the interbank foreign exchange market, the rupee opened at 93.29 and touched an intraday high of 93.16 against the greenback. It also fell to the day's low of 93.35.
Mark Mobius dies at 89: The veteran investor's take on India, AI and gold
Mark Mobius, one of the most influential emerging markets investors, passed away at 89. A regular guest on CNBC-TV18 for over 26 years, he once joined us in Mumbai to launch our first market summit. “If you want to understand a market, start with its people,” he said. Here’s a look at his views on investing and where he saw India’s potential.
Tata Trusts to take up crucial issues at meeting in May
Meeting may discuss keeping Tata Sons private, and an extension for its chairman N. Chandrasekaran. It may also include a performance review of new-age businesses and an exit strategy for the Shapoorji Pallonji Group.
Pirojsha Godrej to take over as chair of Godrej Industries on 14 August
Pirojsha will become the chairperson of Godrej Industries Group on 14 August, succeeding Nadir Godrej, while Burjis Godrej will join the group's holding board and chair Godrej Agrovet. This leadership transition marks a milestone in the group’s succession planning after its 2024 split.
Tata Sons' exit door from upper layer NBFC list narrows
New norms, currently a draft circular, take away a part of RBI’s discretion to decid who gets to be on the list. The defining criteria for a non-bank to enter the club is if it has assets of ₹1 trillion or more. Tata Sons had total assets of ₹1.75 trillion on a standalone basis as on 31 March 2025.
IMF Chief Says Global Prices Will Take Time to Recede After War
"It will take some time, yes, and it will take more time for locations that are experiencing higher degree of disruption," Georgieva said in comments aired Sunday on CBS's Face the Nation ahead of this week's spring meetings of the IMF and the World Bank.
Two supertankers including Pakistan-flagged ship take a u-turn at Hormuz as US-Iran talks collapse
Two empty supertankers turned back from the Strait of Hormuz at the last moment as US-Iran peace talks in Islamabad collapsed, highlighting ongoing risks in the key oil route. A third vessel was able to pass through, though the reasons for the differing outcomes remain unclear despite prior Iranian approvals.
Inflation, Deflation, and Energy Prices Take Toll on Markets - Investing.com India
Inflation, Deflation, and Energy Prices Take Toll on MarketsInvesting.com India
Iran conflict: Pharma supply chains may take months to recover
The recent ceasefire in the Iran conflict is a much-needed breath of fresh air for India's pharmaceutical sector, potentially rejuvenating exports. Nevertheless, industry specialists warn that it may take considerable time for supply chains to fully recover. Although raw material costs are projected to decrease slowly, West Asia remains a crucial market for Indian generics.
Gold, Silver Steady As Metal Bulls Take A Breather; Comex Gold Up $25 Amid Ceasefire Uncertainty
Back home, gold futures on the MCX climbed Rs 1,073 per 10 grams to hit an intraday high of Rs 1,53,080
Hathway Cable ropes in Gurjeev Singh Kapoor as CEO
Hathway Cable and Datacom has a new chief executive officer. Gurjeev Singh Kapoor will take over from Tavinderjit Singh Panesar. Kapoor brings extensive experience from the media and entertainment sector. Panesar is retiring after a long tenure with the company. This leadership change occurs as the cable industry faces digital competition.
CBI all set to take over Rs 590 crore IDFC First Bank scam case
The CBI has launched an extensive inquiry into an alarming Rs 590 crore embezzlement scheme concerning Haryana's government funds. Reports indicate that employees from IDFC First Bank, alongside certain private entities, engineered a diversion of funds into phantom enterprises and jewelry ventures. The investigation points to a web of financial transactions aimed at supporting lavish gold purchases and property deals.