Business

Sebi is reviewing the Calcutta Stock Exchange’s voluntary exit application from stock exchange operations. A working group and valuation agency are examining its assets, liabilities, and listed companies before Sebi passes a formal exit order, said Finance Minister of State Pankaj Chaudhary

Meesho received an income tax demand of around Rs 1,500 crore for AY 2023-24, which it plans to contest. Despite rising revenue, the e-commerce firm reported a widened Q3 loss of Rs 490.6 crore due to higher expenses

Shares of oil marketing and paint companies fell sharply as crude oil prices surged above $110 per barrel amid escalating West Asia conflict. Rising energy costs triggered fears of inflation and higher import bills, dragging benchmark indices Sensex and Nifty significantly lower

Prime Minister Narendra Modi urged faster integration of India’s education system with the real-world economy, emphasising greater focus on AI, automation, digital economy and design-driven manufacturing. He also highlighted improvements in healthcare infrastructure and the global popularity of yoga and Ayurveda

Tech Mahindra has firmly denied social media rumours of large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration. The IT major, employing 1.5 lakh people globally, recently partnered with Microsoft to launch an Agentic AI platform for telecom and enterprise modernisation.

India is unlikely to raise petrol and diesel prices immediately despite global crude oil crossing $110 a barrel due to Middle East tensions. The government expects state-run oil companies to absorb the impact temporarily as supply stabilises and imports diversify away from the Strait of Hormuz

Escalating tensions around the Strait of Hormuz following the US–Israel conflict with Iran are rattling global energy markets, exposing Asia’s heavy dependence on Gulf oil

The Chinese EV maker stated that its 'flash charging' system can power the battery from 10% to 70% in just five minutes, and reach 97% in approximately nine minutes under normal conditions

Domestic LPG prices were hiked by Rs 60 per 14.2-kg cylinder amid a spike in global energy prices triggered by the West Asia crisis. Petrol and diesel prices will remain unchanged for now as oil marketing companies are financially strong enough to absorb fluctuations

German media group Axel Springer has agreed to buy the owner of Britain's Daily Telegraph for 575 million pounds (USD 766 million), ending a prolonged ownership saga of the Telegraph Media Group, publisher of the Daily Telegraph and its Sunday edition

Indian refiners have begun purchasing stranded Russian crude oil cargoes following a US Treasury waiver, as disruptions in the Strait of Hormuz threaten Middle Eastern supplies.

  Indian refiners have resumed buying stranded Russian crude after the US Treasury issued a 30-day licence. The move offsets Middle East supply disruptions amid the West Asia conflict, ensuring domestic fuel security while balancing Russian and other sources 

The Enforcement Directorate conducted searches at multiple locations in Mumbai and Hyderabad in a money laundering probe linked to Reliance Power and businessman Anil Ambani. Around 15 teams searched 10–12 premises connected to the company and its executives

Sensex and Nifty fell sharply in early trade Friday as Middle East tensions, weak US equities and continued foreign fund outflows dampened investor sentiment. ICICI Bank and L&T led losses, while IT stocks gained. FIIs remained sellers despite DII support

US stocks slipped as rising oil prices linked to the Iran conflict weighed on markets. Airline and retail shares declined while investors watched the Strait of Hormuz closely. Higher energy prices may also delay Federal Reserve interest rate cuts

The Indian pharmaceutical industry could face losses between Rs 2,500 crore and Rs 5,000 crore due to supply disruptions and rising freight costs linked to the West Asia conflict. Key export markets in the Gulf region remain heavily dependent on Indian medicines

Ride-hailing platform Rapido has entered the food delivery market with the launch of its Ownly app in Bengaluru. The platform offers a zero-commission model for restaurants and charges customers a flat delivery fee, potentially challenging Swiggy and Zomato

Morgan Stanley has reportedly laid off about 2,500 employees, nearly 3% of its global workforce, amid shifting business priorities and performance reviews. The cuts span multiple divisions despite record 2025 revenues, while other firms like Amazon and Oracle also trim jobs

Mark Carney’s India visit stood out for both symbolism and substance, particularly against the backdrop of diplomatic tensions in the recent past

India, heavily reliant on long-term LNG contracts with Qatar, faces a temporary cargo suspension, causing up to 40% supply cuts for industries and city gas distributors

BSE Sensex and NSE Nifty plunged over 2% as West Asia conflict escalated, driving Brent crude higher. Major losers included Tata Steel and Larsen & Toubro

Asian markets plunged as the Iran-US-Israel conflict escalated, with South Korea’s Kospi falling over 12% and oil prices surging. Investor fears over supply disruptions through the Strait of Hormuz drove global market volatility and rising inflation concerns

Apple has unveiled its latest MacBook Air and MacBook Pro models powered by the new M5 series chips, promising significant improvements in CPU, GPU, and AI performance. Pre-orders begin on March 4, with availability from March 11.

HDFC Bank has announced that UPI-based cardless cash withdrawals will be counted within customers’ monthly free ATM transaction limits from April 1. The move standardises withdrawal charges across channels, with excess transactions attracting regular ATM fees under the bank’s revised policy