Latest Financial News & Market Updates
- Shantanu Sengupta, Chief India Economist at Goldman Sachs, said any prolonged disruption in the Strait of Hormuz could affect India mainly through higher oil prices. He said the immediate impact would be on the current account deficit, which could widen by 20–30 basis points, while growth risks could increase if the shock persists. Goldman Sachs […]
- Nagesh Kumar of RBI's rate-setting panel says the Middle East conflict poses immediate challenges for India's economy, but long-term growth remains promising.
- Judge Richard Eaton of the US Court of International Trade in Manhattan ordered the government to finalize the cost of bringing millions of shipments into the US without assessing a tariff, according to a court filing. He ordered the refunds to be made with interest.
- China targets 4.5% to 5% growth for 2023 amid property slump and global uncertainty. Premier Li Qiang announced the goal, focusing on structural adjustments and tech ambitions.
- Russia is ready to divert oil to India to offset Middle East supply disruptions, with about 9.5 million barrels of Russian crude in vessels near Indian waters and able to arrive within weeks, an industry source with direct knowledge told Reuters.
- US Treasury Secretary Scott Bessent announced the US will raise global tariffs by 10-15% this week, predicting a return to previous levels set by Trump within five months.
- Indian urea producers are cutting output after LNG supplies from Qatar were disrupted by the Iran conflict, tightening fertiliser supply and raising cost concerns.
- Qatar halted LNG production after attacks, disrupting supplies to India. Petronet LNG issued force majeure notices due to the closed Strait of Hormuz. CGD sector faces stress.
- Brent crude surged 8% in a single session to above $83 a barrel amid the Iran-Israel-US conflict, marking the sharpest one-day jump in four years. Oil spikes have historically weakened the rupee and raised macro risks for India. Analysts estimate that every $10 rise in crude could widen the current account deficit, push up inflation […]
- Finance and insurance remained the strongest-performing segment in February, registering the fastest growth in both output and new orders whereas real estate and business services lagged behind on both fronts.
- After the second quarter, the Mazagon Dock's management had estimated the revenue for FY26 to be at ₹12,500 crore, up 9% from the previous year and 5% growth in FY27. Beyond that, the management expects to see considerable improvement in revenue and profits once the submarine projects kick in.
- Sensex Today | Stock Market LIVE Updates: Taking a cue from Wall Street, the Indian markets appear to be en route to recovery. The Nifty is up over 150 points, trading around 24,650. The Nifty Bank index is up 100 points, aiming for the 60,000 mark.
- Embassy Office Parks REIT raised ₹1,400 crore via a 10-year NCD issue at a 7.49% coupon, fully subscribed by a major Indian life insurer. CEO Amit Shetty highlighted the strategic benefit.
- Chakri Lokapriya, CIO-Equities at LGT Wealth India, says geopolitical tensions and rising crude prices have created uncertainty for India, especially given its heavy oil import dependence. While sectors like textiles and PLI-linked electronics may still grow, margin pressures and a weaker rupee could weigh on profitability. He adds PSU banks remain relatively better placed than […]
- These stocks are asset-heavy, which may make them more insulated from risks that emerge in an AI economy, the firm says.
- Transformers and Rectifiers (India) Limited announced CFO Chanchal SS Rajora's resignation, appointing Mehul Shah as the new CFO.
- Granules India's US subsidiary received an Establishment Inspection Report with No Action Indicated status from the USFDA for its packaging facility in Virginia, marking the second inspection with zero observations.
- Cera Sanitary Ltd., which has struck a supply deal from GAIL, also informed the exchanges that Sabarmati Gas is restricting supply to 50% of the daily contracted quantity from March 6, 2026.
- Earlier this year, Vodafone Idea had said that the AGR dues of the company for the period from financial year 2006-2007 to financial year 2018-2019 will be frozen and paid in installments starting March 2026. More details on that here.
- Motilal Oswal Financial Services Chairman Raamdeo Agrawal said global tensions, including the Iran conflict, have created market volatility but much of the fear may already be priced in. He noted that India’s economic fundamentals remain strong, with corporate earnings improving and consumption picking up. With Nifty trading near 21–22 times earnings after the correction, the […]