Business

Airtel Payments Bank announced a leadership transition, with Sunil Mittal set to step down as non-executive Chairman and from the board on September 30. Shabnam Sinha will become Chairperson for a three-year term from October 1, 2026

The rupee declined 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and higher crude oil prices. Forex traders expect a slight negative bias amid geopolitical uncertainty and broader dollar support

Indian benchmark indices ended lower on Monday as selling pressure in IT and FMCG stocks weighed on the market. The Sensex fell 281 points, while the Nifty declined 78 points. Experts said the near-term outlook remained volatile

Solex Energy reported a 66 per cent decline in consolidated net profit to Rs 8.26 crore for the June quarter of FY27, citing higher depreciation, finance costs and working capital. Revenue rose to Rs 265.63 crore during the quarter

India is the world’s second-largest fish producer, contributing 8 per cent to global output, the government said. Since 2015, Rs 39,272 crore has been invested in fisheries and aquaculture, supporting livelihoods, infrastructure, technology, exports and the country’s Blue Economy

The rupee is expected to weaken to Rs 97 per dollar by FY27-end and Rs 99 by FY28-end, BMI said. Elevated energy prices, global risk aversion and interest-rate differentials will pressure the currency, while capital inflows and remittances may cushion depreciation

Asian and European shares traded mixed on Monday after US stocks retreated from their all-time high following weaker economic data. Investors also monitored oil prices, US interest rate policy, corporate earnings and uncertainty over oil supplies through the Strait of Hormuz

Indian equity markets opened slightly lower on Monday as unresolved US-Iran tensions kept crude oil prices elevated. Nifty and Sensex declined in early trade, while financial, banking and FMCG stocks weakened. Analysts expect range-bound trading, with stock-specific opportunities in midcaps and smallcaps

Yes Bank expects the RBI to maintain a wait-and-watch approach on interest rates despite rising inflation, as supply-side shocks have not triggered broad second-round effects. July WPI inflation eased slightly to 9.8 per cent, while manufacturing input pressures remain elevated

The government has set facility-wise LPG production targets for 21 refineries and upstream companies, creating a domestic supply buffer against import disruptions. The framework mandates infrastructure upgrades, storage capacity and higher production during shortages to reduce India’s dependence on imported cooking gas

Six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, are set to raise nearly Rs 5,600 crore through IPOs next week. The issues will support expansion, capital expenditure and debt repayment, taking the number of 2026 IPOs to 54

Domestic institutional investors remained consistent buyers, investing Rs 38,715 crore over the past month, while foreign investors resumed buying after heavy selling. However, rising crude oil prices, geopolitical uncertainty and mixed global cues pressured Indian equities, with Sensex and Nifty ending lower 

Foreign institutional investors remained net buyers in India for the third consecutive week, purchasing Rs 1,228.24 crore, while domestic institutions bought Rs 7,768 crore. The Nifty fell 0.8 per cent as elevated crude prices weighed on sentiment.

Gold prices rose 0.86 per cent weekly as weaker US economic data strengthened expectations of steady Federal Reserve interest rates. MCX gold and silver also gained, while crude oil remained volatile amid Middle East tensions and developments around the Strait of Hormuz

Prime Minister Narendra Modi highlighted India's growth in electric vehicles, bioeconomy and aviation during his Independence Day speech. He said EV sales rose sharply, while the bioeconomy expanded significantly, creating new opportunities for young people and strengthening India's emerging industries

Indian equity benchmarks Nifty and Sensex posted weekly losses after two consecutive weeks of gains, as rising crude prices and global uncertainty weighed on sentiment. Better corporate earnings, stable rupee and improved FII participation provided some support.

Reliance Industries and Rolls-Royce have announced plans to jointly develop a sovereign combat engine for India’s AMCA fighter programme. The companies will explore an Aerospace Gas Turbine Complex in India covering engine design, manufacturing, testing and support, strengthening indigenous defence capability

The rupee gained 3 paise to close at 95.42 against the US dollar, supported by a weaker greenback overseas. However, foreign fund outflows, elevated crude oil prices and geopolitical uncertainties kept pressure on the domestic currency

Indian equity benchmarks ended lower on Friday as rising oil prices and uncertainty over the Strait of Hormuz weighed on investor sentiment. The Sensex fell 71 points and the Nifty declined nearly 30 points amid cautious trading.

RBI’s recent liquidity measures and regulatory reforms could help India’s banking sector attract nearly $50 billion in capital, strengthening liquidity and capital buffers. A Uniqus Consultech report said FCNR(B) deposits and policy changes have boosted foreign currency inflows

Gold and silver prices fell sharply on MCX Friday amid heightened geopolitical uncertainty following US warnings of economic measures against Iran. Gold futures declined 0.8 per cent, while silver dropped 1.27 per cent, with technical indicators pointing to continued near-term pressure

Direct EXIM cargo movement at Kerala’s Vizhinjam International Seaport will begin August 18, marking its shift from a transshipment hub to a gateway for Indian overseas trade. The move is expected to boost Kerala’s economic benefits and strengthen regional maritime connectivity

Indian equity benchmarks opened lower on Friday as elevated crude prices and foreign investor selling weighed on sentiment. Sensex fell 332 points while Nifty declined 84 points. Analysts expect near-term consolidation between 23,800 and 24,400, with mid-small caps remaining active

The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, supported by a weaker greenback. However, foreign fund outflows, rising crude oil prices and geopolitical uncertainties kept the Indian currency under pressure