Sensex crashed 1,690 points, or 2.25%, to end at 73,583, while Nifty 50 settled at 22,819.60, falling 487 points, or 2.09%. Investors lost about ₹9 lakh crore. The Indian stock market suffered strong losses on Friday, March 27, with equity benchmarks — Sensex and Nifty 50 — falling more than 2% each. Sensex crashed 1,690…
DetailsIranian media outlets, quoting an official source, reinforced the stance, saying, ‘The war will end when we are elected and only if our conditions are met’ Iran has asserted that it will determine the timing of the end of the ongoing conflict, maintaining that any resolution will depend solely on its own terms. “Iran will…
DetailsGoldman Sachs raises India 2026 CPI forecast to 4.6% from 4.2% earlier; Goldman Sachs expects 50 bps rate hike by RBI in 2026 Goldman Sachs has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the economy contends with sharp depreciation in its currency.…
DetailsThe liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction. The RBI…
DetailsVenkatraman, who joined the e-commerce major in 2015, he has been reducing operational involvement over the past six months or so, sources told . Sriram Venkatraman is stepping down from his position as group chief financial officer (CFO) at Flipkart ahead of the company’s planned initial public offering (IPO), the e-commerce major announced on March…
DetailsFollowing the resignation of HDFC Bank’s Chairman Atanu Chakraborty, the Reserve Bank of India said it had no concerns regarding the bank’s conduct or governance, affirming its strong financial position and competent management. Keki Mistry has been appointed as interim chairman for three months. A day after HDFC Bank’s Chairman Atanu Chakraborty resigned, the Reserve…
DetailsThe Indian rupee fell to a historic low of ₹92.67 against the US dollar on March 18, driven by rising crude oil prices and economic risks tied to tensions in the Middle East. The Indian rupee slipped on Monday, March 18 to breach ₹92.50 against US dollar for the first time ever extending its recent…
DetailsHeatwave alert: Rising temperatures could drive a surge in power demand. Analysts see opportunities in select power stocks like NTPC, Tata Power, JSW Energy, and Adani Power. Heatwave, harsher summer prediction 2026: Should you buy power stocks now? An early and intense summer is acting as a key catalyst for India’s power sector. With…
DetailsThe February deficit is lower than the $34.68 billion recorded in January, when a sharp rise in imports widened the trade gap to the highest level in several months. NEW DELHI: India’s merchandise trade deficit narrowed to $27.1 billion in February as imports moderated from the previous month, though elevated purchases of energy, gold and…
DetailsFor the week, the Nifty dropped 5.3%, its biggest decline since June 2022, while the Sensex fell 5.5%, marking its worst weekly fall since May 2020. The benchmark equity indices Sensex and Nifty settled sharply lower on Friday amid escalating tensions in West Asia and rising crude oil prices. Weak global markets, continued foreign…
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