The rupee weakened by 10 paise to settle at a fresh record low of Rs 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties, PTI reported.The local currency, however, resisted a sharper fall as domestic equity markets staged a significant recovery…
Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet.According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and…
Nomura has also trimmed its year end forecast for the Nifty 50, lowering the target to 24,900 from 29,300. (AI image) US-Iran war shock for stock markets: Brokerages Citi Research and Nomura have lowered their year end forecasts for the key benchmark index Nifty50, pointing to growing risks to economic growth and corporate earnings as…
India’s combined merchandise and services exports reached $76.13 billion in February 2026, marking an 11.04%increase from $68.56 billion in February 2025, the commerce ministry said on Monday. At the same time, imports surged even more sharply, rising 21.61% to $80.09 billion from $65.84 billion a year earlier. This led to a widened overall trade deficit…
In early February, India and the US announced a trade deal framework under which the US cut tariffs on Indian exports to 18%. (AI image) India-US trade deal update: Amidst ongoing uncertainty related to tariffs under the Donald Trump administration, Commerce Secretary Rajesh Agrawal has shared an update on the India-US trade deal. The official…
Gold started the week on a shaky note, slipping Rs 2,225 to hit Rs 1.56 lakh per 10 grams in Monday’s futures trade, dragged down by a firm US dollar and weak overseas markets. On the Multi Commodity Exchange, April gold contracts fell 1.4% to Rs 1,56,241 on a turnover of 7,881 lots. “Rising energy…
China on Monday pushed back against the United States over a new set of trade investigations launched last week, saying that it has “lodged representations” with Washington and calling on the US to “correct its erroneous ways.” The response comes as trade negotiators from the two countries gather in Paris for talks. The latest US…
Stock market outlook (AI image) Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities shares his view on Nifty, Bank Nifty and top sectors in focus amid the ongoing Middle East conflict and US-Iran war. Here is his view for the week starting March 16, 2026. Nifty ViewThe sell-off on Dalal…
US President Donald Trump on Monday criticised the US Supreme Court’s decision to invalidate his global tariffs, warning that the ruling could cost the United States trillions of dollars. He said that the verdict will benefit foreign countries and companies that have been “ripping off the United States of America” for decades.” Commenting on his…
MUMBAI: Ahead of the onset of peak summers, a brisk business season for consumer durables companies, some AC makers are feeling the heat of the West Asia war as restricted supplies of LPG and shortage of petrochemicals are beginning to hit production, industry executives said. LPG is used in processes such as brazing of copper…
