Latest Financial News & Market Updates

• As crude spikes, PM Modi’s restraint call aligns with global energy curbs
  Brent tops 107 as US Iran tensions strain oil supply, India faces wider current account gap, rupee pressure and outflows, Modi urges fuel cuts amid global energy saving measures
• India to host BRICS foreign ministers’ meeting in Delhi on May 14-15
  External Affairs Minister S. Jaishankar will chair the BRICS foreign ministers’ meeting as India pushes talks on global reforms and economic resilience.
• Fuel price hike inevitable as oil crisis deepens; experts warn worst is yet to come
  Industry experts have warned that India’s oil crisis could worsen in the coming months as elevated crude prices, a weak rupee and mounting losses at oil marketing companies increase the likelihood of a retail fuel price hike. Analysts also cautioned that prolonged high energy costs may push inflation higher and weigh on economic growth.
• April CPI masks bigger risks: Economists warn of over 5% inflation, possible RBI rate hikes
  India’s softer-than-expected April inflation print offered temporary relief, but economists warned that rising crude oil prices, possible fuel price hikes and El Nino risks could push inflation above 5% later this fiscal year and revive rate hike concerns.
• ‘Moment to double down’, ‘austerity call of the hour’ — India Inc on PM Modi’s 7-point appeal
  Prime Minister Narendra Modi’s seven-point appeal on fuel savings, reducing forex-heavy spending and promoting self-reliance has drawn reactions from corporate leaders, industry bodies and market experts, with several backing calls for austerity, renewable energy adoption and lower import dependence amid the ongoing West Asia crisis. From calls to reduce oil dependence and unnecessary travel to […]
• Uday Kotak warns India yet to feel heat of Gulf war
  Uday Kotak warns of a rising tribal mindset, urging nations and businesses to secure control over tangible assets and strengthen profitability.
• India April CPI inflation hits 13-month high at 3.48%, stays below 4% mark
  India’s retail inflation rose to 3.48% in April from 3.40% in March, driven by higher food and services prices, though the reading remained below CNBC-TV18’s poll estimate of 3.72%. The latest print marks a 13-month high under the revised CPI series, while under the older series it would have been a four-month high.
• ANZ says RBI unlikely to let rupee hit 100 soon; forecasts 97.5 by year-end
  ANZ Research’s Dhiraj Nim said persistent oil price pressures, FII outflows and rising hedging demand are keeping the rupee under strain, while markets speculate on possible RBI measures to stabilise the currency.
• GTRI urges review of concessions in India-UAE FTA on precious metals in view of PM Modi’s appeal
  GTRI urges review of India UAE FTA gold concessions as gold imports surge, warns UAE reroutes third country gold via lower tariffs, seeks tighter rules of origin
• India, Russia in advanced talks on critical minerals pact, sources say
  India and Russia are in advanced talks to sign a preliminary agreement on critical minerals covering exploration, processing and technological collaboration, two sources familiar with the matter said.

• Anthropic's new share transfer rules shock private market investors
  Anthropic’s warning that unauthorised share transfers are “void” has rattled private-market investors, raising fears over liquidity, ownership rights, and inflated AI startup valuations.
• MTAR Technologies Q4 Results | Net profit zooms 3x on 67% revenue growth
  The company’s EBITDA rose 80.9% to ₹61.7 crore in the quarter, while the EBITDA margin expanded to 20.2% from 18.6% a year earlier. Shares of MTAR Technologies Ltd ended at ₹6,250.55, down by ₹256.10, or 3.94%, on the BSE today, May 12.
• Thomas Cook India Q4 net profit falls 40% amid geopolitical tensions; declares dividend
  Shares of Thomas Cook (India) Ltd ended at ₹92.99, down by ₹0.050, or 0.054%, on the BSE.
• Adani Ports’ Astro Offshore partners Oceaneering International for European subsea expansion
  Shares of Adani Ports and Special Economic Zone Ltd ended at ₹1,689.00, down by ₹77.60, or 4.39%, on the BSE.
• United Breweries' ₹275-crore tax demand cut to zero by Maharashtra tribunal
  The beer maker said it received a favourable order from the Maharashtra Sales Tax Tribunal, Mumbai, which reduced a tax demand related to FY19 to nil. Shares of United Breweries Ltd ended at ₹1,411.10, down by ₹2.70, or 0.19%, on the BSE today, May 12.
• Puravankara arm gets ₹58-crore Westin Hotel construction order in Bengaluru
  The order has been awarded by Innmar Tourism and Hotels Private Ltd for the Westin Hotel project in Whitefield, Bengaluru. Shares of Puravankara Ltd ended at ₹211.60, down by ₹2.90, or 1.35%, on the BSE today, May 12.
• Cohance Lifesciences Q4 net profit tanks 84%; sees recovery from FY27 second half
  EBITDA fell 60% year-on-year to ₹98.7 crore from ₹229.2 crore a year earlier. The EBITDA margin shrank to 15.9% from 27.3% YoY. Shares of Cohance Lifesciences Ltd ended at ₹485.75, up by ₹7.10, or 1.48%, on the BSE.
• Kalpataru posts strong Q4; net profit jumps 14x on 184% revenue growth, EBITDA turnaround
  EBITDA stood at ₹217.4 crore in Q4FY26, compared with an EBITDA loss of ₹19.7 crore in the same period last year. Shares of Kalpataru Limited ended at ₹382.20, down by ₹0.95, or 0.25%, on the BSE.
• Sagility Q4 net profit climbs 41%, revenue up 29%; declares dividend
  EBITDA rose 30% year-on-year to ₹484.5 crore from ₹373 crore a year earlier. Shares of Sagility Ltd ended at ₹43.09, down by ₹1.91, or 4.24%, on the BSE.
• Texmaco Rail secures mega South Africa rail order worth over ₹4,045 crore
  Texmaco said this marks one of its largest international rolling stock opportunities and represents a key milestone in its global expansion plans. Shares of Texmaco Rail & Engineering Ltd ended at ₹105.55, down by ₹6.25, or 5.59%, on the BSE today, May 12.