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INR hits record low beyond 96 per dollar mark during intraday moves
The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Coal India gets nod for Mahanadi Coalfields listing with up to 25% stake sale via IPO, OFS
The disinvestment and capital raising may be undertaken either simultaneously or separately, in one or more tranches, with the overall limit set at reducing Coal India Ltd’s shareholding in MCL by up to 25%. Shares of Coal India Ltd ended at ₹462.15, up by ₹8.35, or 1.84%, on the BSE today, May 15.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.
Rupee falls 7% year-to-date, and it may fall more this year; here's why
The Indian rupee has fallen nearly 7% this year due to soaring crude oil prices and foreign capital outflows. The rupee's weakness is likely to continue- some experts believe the domestic unit may touch the 100 mark if oil prices continue rising.
Geosphere Capital's Arvind Sanger skeptical on Trump-Xi deal, warns oil threatens AI rally
Arvind Sanger, Managing Partner of Geosphere Capital Management says rising crude prices, inflation risks and prolonged geopolitical tensions could weigh on Indian markets, while the US AI investment cycle continues to remain resilient despite concerns around valuations and returns.
From gold to large caps: Where PL Wealth sees opportunities for investors
PL Capital says India equities face near term volatility from oil, inflation and geopolitics, but domestic liquidity, cyclicals and quality large caps support a resilient long term outlook.
Cabinet approved Rs 37500 crore scheme to promote surface coal and lignite gasification projects
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Real estate, capital goods remain recovery bets despite market volatility: Emkay Global
Seshadri Sen, Head of Research & Strategist at Emkay Global Financial Services says India could face short-term market pain if crude oil sustains at $105-110 per barrel, with the risk of a ₹10/litre fuel price hike impacting inflation and discretionary consumption. The strategist remains optimistic on a medium-term “peace trade” with oil potentially cooling to $80, while selectively favouring sectors like real estate, capital goods and recovery plays linked to a post-war normalisation scenario.
India's vegetable oil imports up 13% in last six months
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Titan, Kalyan Jewellers & other gold stocks tumble up to 14% in two days after PM Modi's appeal. What lies ahead?
Gold jewellery stocks including Titan, Kalyan Jewellers and Senco Gold fell up to 14% in two sessions after PM Modi urged citizens to reduce gold purchases amid rising oil prices and FX pressures. Brokerages flagged possible policy signals, including import curbs and tighter capital controls, though analysts say long-term demand remains structurally strong.
Bullion industry proposes plan to turn India's idle gold into working capital
India's gold imports are rising, prompting industry bodies to suggest ways to curb them. Proposals include recycling household gold and limiting the use of imported gold to jewellery exports. Jewellers are being asked to participate in gold monetisation programs. These initiatives aim to reduce the country's reliance on imported gold and improve the balance of payments.
INR gives up 95 per US dollar mark yet again as oil prices spike
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