Business

Gold and silver surge sharply on safe-haven demand despite a ceasefire announced by Donald Trump. Precious metals rallied, rupee strengthened, oil prices plunged, and equities gained after the Reserve Bank of India held rates steady

Reserve Bank of India projected 7.6% GDP growth for FY26 and 6.9% for FY27, with Sanjay Malhotra citing resilience from domestic demand but warning of geopolitical risks, inflation pressures, and global slowdown impacting India’s outlook

Reserve Bank of India kept repo rate unchanged at 5.25% as Governor Sanjay Malhotra cited easing inflation and steady growth. However, global uncertainties, crude oil risks, and potential Strait of Hormuz disruptions may impact outlook

 Mumbai markets surged as Sensex and Nifty jumped over 3% after a two-week ceasefire announcement in US-Israel-Iran tensions. Broad-based buying lifted all sectors, volatility eased, oil prices dropped sharply, while investors await RBI policy amid persistent global uncertainty later today 

Gautam Adani and his nephew Sagar Adani have petitioned a US court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC) over a 2021 bond sale by Adani Green Energy Ltd. The Adanis argue the case is outside US jurisdiction, as the securities were issued in India and sold through non-US underwriters.

Inconsistent EV and trade policies are creating uncertainty, forcing potential buyers to defer their plans

Campbell Wilson has been under fire since June 12 last year following the crash of London-bound flight shortly after takeoff from Ahmedabad, which killed 241 of the 242 people on board. He has also faced criticism over regulatory lapses

The strategic sale of IDBI Bank has reached the technical evaluation stage after bids from Fairfax and Emirates NBD fell below the reserve price. The government and LIC jointly hold 94.71% of the bank and aim to sell 60.72%.

Campbell Wilson has resigned as CEO and MD of Air India, with a successor search underway. Chairman N. Chandrasekaran praised his leadership during the airline’s transformation after privatisation

Air India has revised fuel surcharges for domestic and international flights due to rising jet fuel prices. Domestic fares will follow a distance-based structure, while international routes see steeper hikes, reflecting global fuel cost pressures on airlines

Jindal Stainless has appointed Ranveer Singh as its first brand ambassador to boost visibility and consumer connect. The partnership aligns the actor’s energetic persona with the company’s focus on innovation, durability and expanding market presence nationwide

Benchmark indices BSE Sensex and NSE Nifty fell sharply in early trade as rising crude oil prices and West Asia tensions hurt sentiment. Heavy FII outflows added pressure, while select IT and financial stocks limited broader market losses

Diversifying beyond the services sector and boosting investment in agriculture and manufacturing, especially processing industries, can help India attract stable and long-term FDI inflows

Indian equity markets rose for a third straight session as optimism over easing US-Iran tensions boosted sentiment. Gains were led by banking and construction stocks, while analysts said the Nifty is nearing key resistance levels

PhonePe has launched a co-branded credit card with SBI, offering zero joining fee for the first year. The card provides rewards on online spending, UPI transactions and travel perks, targeting digitally active users seeking value on everyday expenses

The RBI’s Monetary Policy Committee has begun deliberations amid rising inflation concerns driven by crude oil prices and geopolitical tensions. Experts expect the central bank to maintain a status quo on interest rates while adopting a cautious and flexible policy stance.

Libya boosted oil production to a decade-high 1.43 million barrels daily, with strong revenues. Authorities tightened control over oil deals to protect national interests, while stability in output remains tied to infrastructure reliability and ongoing political conditions

Mumbai markets opened lower as Sensex and Nifty declined amid rising crude oil prices and escalating West Asia tensions. Heavy foreign fund outflows further weakened sentiment, increasing volatility, while select stocks gained. Investors remain cautious, tracking geopolitical developments and oil price movements closely

Eight OPEC+ nations agreed to a production adjustment of 206,000 barrels per day in May to stabilise oil markets amid West Asia tensions. The producers also warned that attacks on energy infrastructure and disruptions to maritime routes threaten global energy security

India’s pharmaceutical exports have crossed $28 billion in FY26 up to February, marking a 5.6 per cent growth over the previous year. The sector continues to show resilience despite global challenges, with strong contributions from formulations, vaccines, and Ayush products.

India’s oil marketing firms like Indian Oil Corporation will pay discounted prices to refineries to offset fuel price freeze losses, shifting the burden onto standalone refiners amid rising crude costs and widening under-recoveries across petrol, diesel and ATF

Six of India’s top firms, including Bharti Airtel and ICICI Bank, lost Rs 64,734 crore in market value amid volatility, while gains in Reliance Industries and IT stocks partially offset broader equity market weakness

Oil India Limited boosted crude output in Rajasthan’s Thar desert to a record 1,202 barrels per day, driven by advanced recovery techniques, strengthening India’s energy security amid global market uncertainty and rising geopolitical tensions

The NSE has revised the OTR framework for equity derivatives options, easing norms by widening the exemption range. The changes, aligned with SEBI guidelines, will take effect from April 6, while existing rules for futures and cash segments remain unchanged