Business

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

Maruti Suzuki added 502 new service touchpoints in FY26, marking its largest expansion and taking the total to 5,926 nationwide. The company plans to scale up to 8,000 touchpoints by FY2030-31 while maintaining steady growth in sales

The Reserve Bank of India approved Emirates NBD Bank’s plan to acquire up to 74% stake in RBL Bank, subject to regulatory clearances. The deal would make RBL a foreign-owned subsidiary, marking a significant development in India’s banking sector

Global crude oil prices surged after US President Donald Trump warned of potential strikes on Iran, heightening supply concerns. Ongoing West Asia conflict disrupted Strait of Hormuz flows, pressured markets, impacted currencies, and kept investors cautious despite slight declines in gold prices

Industrialist Gautam Adani met Uttar Pradesh Chief Minister Yogi Adityanath, backing the state’s ambitious economic roadmap. Adani praised plans to make UP a USD 1 trillion economy by 2030, reaffirming investments, and later offered prayers at Ayodhya’s Ram Temple

Mahindra & Mahindra has announced a price hike of up to 2.5 per cent on its non-electric SUVs and commercial vehicles effective April 6, citing rising cost pressures. The average increase across its portfolio will be 1.6 per cent.

The Indian rupee recorded its biggest single-day gain in nearly 13 years, closing at 93.10 against the US dollar after the RBI tightened rules to curb speculation. Strong forex reserves and improved risk sentiment supported the sharp rally.

Indian stock markets ended higher for the second consecutive session, supported by gains in IT stocks and a stronger rupee. Benchmark indices recovered from early losses, while broader markets underperformed. Markets will remain closed on Friday due to Good Friday

India has 8.52 million tonnes of rare earth resources but remains dependent on imports due to low-grade deposits, regulatory limits and lack of processing capacity. The government is promoting domestic magnet manufacturing through incentives and infrastructure development

Bharti Airtel has reached 650 million customers globally, becoming the second-largest telecom operator by subscriber base. The company continues to grow in India and Africa, with strong gains in data users and opportunities to expand in rural and mobile broadband segments

Oil surged over 6% and Asian stocks fell after Donald Trump threatened stronger strikes on Iran. Uncertainty over the Strait of Hormuz and lack of ceasefire details rattled global markets; gold and silver declined

Gold and silver prices dropped sharply after Donald Trump’s remarks on the Middle East conflict disappointed ceasefire hopes. Weak sentiment, rising oil prices, and limited safe-haven demand pressured bullion markets despite ongoing geopolitical uncertainty

India’s defence exports hit a record Rs 38,424 crore in FY26, rising 62.66%. Backed by Narendra Modi’s vision, public and private sectors expanded global reach to 80+ countries, strengthening India’s position as a growing defence manufacturing hub

Benchmark indices Sensex and Nifty fell nearly 2 per cent in early trade amid rising geopolitical tensions after US President Donald Trump warned of intensified military action against Iran. Surging crude prices and persistent foreign investor outflows further weighed on domestic equities.

The rupee rebounded 151 paise from its record low in early trade after the Reserve Bank of India capped banks’ net open positions in the rupee forward market. However, rising crude prices, foreign capital outflows and a stronger dollar continue to pressure the currency.

Indian rupee surged 1.7%, its biggest gain in over 12 years, after Reserve Bank of India tightened curbs on currency speculation and offshore derivatives. Gains came amid global market weakness, rising crude prices, and falling Asian equities and domestic indices