Consumers across India faced another surge in fuel costs on Friday as petrol and diesel prices were increased for the third time within just 10 days. The latest revision has intensified concerns over inflationary pressure and rising transportation expenses, especially at a time when households and businesses are already grappling with elevated living costs. According...
The Reserve Bank of India (RBI) has approved a historic surplus transfer of ₹2.87 lakh crore to the Central Government for the financial year 2025–26 (FY26), marking one of the largest dividend payouts in the central bank’s history. The decision is expected to provide a significant boost to the government’s fiscal position amid ongoing budgetary...
The global oil market could face severe supply pressures and heightened volatility in the coming months, with the International Energy Agency (IEA) warning that the sector may enter a “red zone” by summer if current trends continue. The caution comes amid growing geopolitical tensions, strong seasonal fuel demand, and concerns over tightening crude supplies that...
Shares of Life Insurance Corporation of India witnessed a sharp rally in market trading after the insurance giant announced strong fourth-quarter earnings along with its first-ever bonus share issue, a move that significantly boosted investor sentiment and renewed market optimism around the stock. The company’s latest financial performance reflected improvement across several operational and profitability...
JSW Cement reported a strong financial performance for the fourth quarter, posting a consolidated net profit of ₹362 crore for the January–March period. The company also announced a dividend of ₹0.50 per equity share, signaling confidence in its financial stability and future growth outlook. The earnings announcement comes amid improving demand conditions in the construction...
The Indian rupee staged a notable recovery on Wednesday, gaining 41 paise against the U.S. dollar after previously falling to its weakest-ever closing level. The domestic currency settled at 96.45 per dollar, providing temporary relief to financial markets and import-dependent sectors amid ongoing global economic uncertainty and strong demand for the American currency. The rebound...
Several rural regions across Maharashtra experienced disruptions in petrol and diesel availability following delays in fuel transportation and supply distribution, raising concerns among residents and transport operators. Despite temporary shortages being reported in some districts, the Maharashtra government assured the public that the state possesses sufficient fuel reserves and that the situation remains under control....
Meta Platforms has initiated one of its largest workforce restructuring exercises in recent years, laying off nearly 8,000 employees worldwide as the company intensifies its focus on artificial intelligence and operational efficiency. The move reflects the growing transformation within the global technology industry, where companies are increasingly reallocating resources toward AI infrastructure, automation, and advanced...
Pharmaceutical major Zydus Lifesciences has announced a major share buyback proposal worth ₹1,100 crore, offering investors an exit opportunity at a premium over the prevailing market price. The move has drawn strong attention from market participants and retail shareholders, especially amid ongoing volatility in the broader equity markets. The company’s board approved the repurchase of...
The Indian rupee weakened sharply in early trading on Wednesday, touching a historic low of 96.90 against the U.S. dollar, reflecting mounting pressure from global economic uncertainties, rising crude oil prices, and sustained foreign capital outflows. The decline in the domestic currency has intensified concerns among investors, traders, and policymakers about the broader implications for...