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Rupee opens 14 paise higher at 95.55 against US dollar
The Indian rupee strengthened to 95.55 against the US dollar, bolstered by US-Iran ceasefire talks. However, cautious traders face pressure from dollar outflows and foreign investment withdrawals. Crude oil fell, amid mixed signals regarding US-Iran negotiations, .
Coal India OFS gets good demand amid green energy risks
Coal India's offer for sale opens for retail investors amidst a conflicting investment narrative. While the state-owned miner boasts strong financials and a consistent dividend track record, concerns over its long-term prospects due to the global shift towards renewable energy persist. Non-retail investors showed strong demand, subscribing 8.14 times on the first day.
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA
The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence amid fears of supply disruptions.
RIL announces AGM date on June 19; updates on Jio IPO in focus
Reliance Industries Ltd will hold its 49th annual general meeting on June 19, 2026. The company reported strong revenue and growth in its consumer businesses for the fiscal year. Investors anticipate updates on Reliance Jio IPO and new energy ventures. The meeting will cover the company's future investment plans and retail expansion.
FY27 capex: Adani, Tata, JSW, Coal India lead India Inc's investment push
India Inc plans an aggressive FY27 capex across energy, infrastructure, metals, EVs and data centres after ₹10.5 trillion investment in FY26, notes ICICI Securities
Bangladesh launches fresh offshore oil, gas tender with sweeter terms for foreign firms
Bangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and lessen dependence on costly LNG imports. New production sharing contracts offer more attractive terms to international companies. This initiative targets 26 offshore blocks in the Bay of Bengal.
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.
Manulife's Rana Gupta sees long-term opportunity in defence and platform businesses
Rana Gupta, Senior Portfolio Manager and India Equity Specialist at Manulife Investment Management, says Indian platform companies, defence plays, and infrastructure stocks are set for significant earnings growth by FY28–29, even as near-term oil price pressures and margin risks weigh on consumer durables, EMS, and travel-related sectors.
AP Govt Allots 855 Acres to Reliance in Vizianagaram for Rs 1.08 Lakh Crore Giga-Scale AI Data Centre
IT Secretary Bhaskar Katamneni directed Andhra Pradesh Industrial and Infrastructure Corporation (APIIC) and Vizianagaram district administration to identify an additional acre of land suitable for the Cable Landing Station (CLS). The government accords approval for allotment of 854.97 acres of land in Vizianagaram district to Reliance Industries Limited, at a 25 percent discounted rateThe land allotment is intended for establishment of a Giga-Scale AIDC with CLS, with proposed cumulative investment of Rs 1.08 lakh crore, said Katamneni in a Government Order (GO).
Sensex, Nifty 50 End Higher on May 20; Reliance, Hindalco and Axis Bank Lead Gains - Dalal Street Investment Journal
Sensex, Nifty 50 End Higher on May 20; Reliance, Hindalco and Axis Bank Lead GainsDalal Street Investment Journal
BPCL Q4 Results: Cons PAT jumps 28% YoY to Rs 5,625 crore; revenue rises 6%
BPCL reported a 28% YoY jump in Q4 consolidated PAT to Rs 5,625 crore, with revenue rising 6.3%. Full-year net profit surged 94% to Rs 25,843 crore. The company recognized a Rs 4,349 crore impairment loss on its BPRL investment and reduced its debt-to-equity ratio.
Rising US bond yields trigger global jitters: How does it impact Indian investors? Explained
Rising US bond yields are raising concerns globally, impacting emerging markets like India. Goenka recommends tax equalization on bond income to encourage investment. The situation may force India to raise interest rates due to inflation linked to higher oil prices.