Business

Mercedes-Benz India reported its highest-ever annual sales in FY25-26, driven by strong demand for top-end and core luxury vehicles, while electric vehicle sales surged and the company announced plans to expand its retail network across India

Indian equity markets ended lower on Thursday, snapping a five-day rally, as rising oil prices and uncertainty around the US-Iran ceasefire weighed on sentiment, while banking stocks declined and broader markets showed mild resilience

Morgan Stanley has projected a strong rally in Indian markets, with the Sensex likely to reach 95,000 by December 2026, driven by improving earnings, attractive valuations, and strong domestic fundamentals, despite global risks and cautious investor positioning

ShopClues, once valued at $1.1 billion, saw a sharp decline due to competition, quality issues, and internal challenges, leading to its acquisition by Qoo10 at a steep discount, making it a key example of value destruction in India’s startup ecosystem

Benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a strong rally in the previous session as fresh tensions in West Asia triggered concerns over a possible ceasefire breach, dampening investor sentiment across global markets.

The rupee depreciated 17 paise to 92.71 against the US dollar in early trade on Thursday amid geopolitical tensions in West Asia. Investors remained cautious due to Iran's threat over talks and concerns about disruptions around the Strait of Hormuz.

Glenmark Pharmaceuticals received US Food and Drug Administration approval for generic progesterone vaginal inserts, equivalent to Endometrin, boosting its women’s healthcare portfolio and expanding presence in the US fertility treatment market

Governor Sanjay Malhotra says board minutes reviewed; no concerns on ethics and governance

Indian stock markets extended their rally for a fifth session, with the Nifty and Sensex posting strong gains amid easing global tensions and stable domestic policy. Broader markets and key sectors led the uptrend, supported by positive investor sentiment

A US Securities and Exchange Commission case against Gautam Adani advanced as a New York court granted a hearing on his dismissal plea, citing lack of jurisdiction, no investor losses, and disputing alleged bribery and securities fraud claims

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