Latest Financial News & Market Updates
- 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
- External Affairs Minister S. Jaishankar will chair the BRICS foreign ministers’ meeting as India pushes talks on global reforms and economic resilience.
- 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.
- 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.
- 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 of a rising tribal mindset, urging nations and businesses to secure control over tangible assets and strengthen profitability.
- 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 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 India UAE FTA gold concessions as gold imports surge, warns UAE reroutes third country gold via lower tariffs, seeks tighter rules of origin
- 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 warning that unauthorised share transfers are “void” has rattled private-market investors, raising fears over liquidity, ownership rights, and inflated AI startup valuations.
- 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.
- Shares of Thomas Cook (India) Ltd ended at ₹92.99, down by ₹0.050, or 0.054%, on the BSE.
- Shares of Adani Ports and Special Economic Zone Ltd ended at ₹1,689.00, down by ₹77.60, or 4.39%, on the BSE.
- 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.
- 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.
- 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.
- 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.
- 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 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.
