Moody’s cuts India’s 2026 growth forecast to 6% on high energy costs amid West Asia war

India remains particularly vulnerable to high oil prices, given its dependence on imported crude oil and liquefied natural gas, Moody’s said Moody’s Ratings on Tuesday cut India’s economic growth forecast for 2026 by 0.8 percentage points to 6% on subdued private consumption, capital formation, and industrial activity amid higher energy costs triggered by the West…

UAE exit from Opec would raise oil supply, lower prices for India: Analysts

  Alongside Saudi Arabia, the UAE holds meaningful spare capacity, the real lever Opec+ uses to move markets and stabilise prices.   The United Arab Emirates’ (UAE) exit from the Organisation of Petroleum Exporting Countries (Opec) could benefit India by increasing oil supply and lowering prices, analysts said.   On April 28, the UAE announced…

Tata Communications acquires 51% stake in US-based AI platform Commotion Inc in ₹227 crore deal

Tata Communications has acquired a 51% stake in Commotion, an AI-native Enterprise SaaS Platform, to enhance AI integration in its Digital Fabric. The ₹227 crore deal is expected to improve its Customer Interaction Suite with advanced AI capabilities. Tata Communications, in its regulatory filing today, December 02, announced that it had acquired a 51% stake…

Eternal Q1: Blinkit overtakes Zomato’s food delivery biz in order value for the first time

Quick commerce now accounts for nearly half of Eternal’s annualised net order value (NOV), with Blinkit surpassing food delivery on key metrics. In a significant milestone for Eternal, quick commerce platform Blinkit has overtaken the company’s food delivery business (formerly Zomato) in both gross and net order value for the first time in the June…

Jio Financial Q1 results: Profit up 4% YoY; revenue, NII see sharp surge

Jio Financial: Revenue from operations witnessed a sharp 46.58 per cent rise to Rs 612.46 crore, up from Rs 417.82 crore in the same quarter a year earlier.   Jio Financial Services Ltd (JFSL) on Thursday posted a 3.85 per cent year-on-year (YoY) rise in its consolidated net profit for the first quarter (Q1) of FY26,…

Nifty at 22,000: 5 reasons Axis Securities believes market near a bottom

From key moving averages, momentum oscillators to historical price trends – Axis Securities in its report highlights the key metrics in its argument that the Nifty may be near a bottom this March.   The NSE Nifty 50 index has shed 7 per cent thus far in the calendar year 2025, and declined over 16 per cent…