Business

India’s strategic petroleum reserves are currently filled to about 64 per cent of capacity, the Rajya Sabha was informed. The reserves can cover roughly 9.5 days of supply during disruptions, while the country continues diversifying crude imports amid West Asia tensions

Indian stock markets plunged sharply, with Sensex falling 1,836 points and Nifty dropping below 22,600, amid weak global cues, rising crude oil prices, and escalating Middle East tensions. Continued FII outflows and rupee weakness further dampened investor sentiment

Union Minister Jitendra Singh said India is evolving into a strong pharma economy with growing global presence. He highlighted advancements in indigenous healthcare manufacturing, innovation, and policy support aimed at boosting quality, affordability and contribution to GDP

Mumbai police arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with a Rs 71 lakh crypto fraud complaint. The company denied involvement, claiming the scam occurred through fake websites impersonating its platform and founders

Union minister G Kishan Reddy will launch the seventh tranche of critical mineral block auctions to boost India’s resource security. The move targets key minerals for clean energy, with reforms aimed at improving transparency and easing bidder participation

Elon Musk has offered to pay salaries of TSA personnel during a US funding impasse affecting airport operations. The situation has led to rising absenteeism among staff and growing concerns over disruptions to aviation security and passenger movement

The Central government has ordered the rollback of a Rs 22.43 per litre diesel price hike for fishing boats in Gujarat after concerns raised by the state. The decision brings relief to fishermen dependent on subsidised fuel for their livelihoods

Gold prices declined nearly 6 percent during the week due to profit booking and a stronger US dollar. Analysts expect continued pressure on precious metals amid geopolitical tensions, inflation concerns and signals from global central banks on interest rates.

Airlines have opposed the government’s mandate for free selection of 60 per cent seats, warning it will lead to higher airfares. The FIA urged withdrawal of the rule, citing revenue losses, rising costs and potential impact on affordability for passengers

Premium petrol prices were hiked by Rs 2 per litre and bulk diesel by about Rs 22 amid rising global crude prices, while retail petrol and diesel rates remain unchanged. The government said consumers will continue to be shielded for now

Flipkart CFO Sriram Venkataraman announced his exit, staying temporarily for a smooth transition. Ravi Iyer will oversee finance, while Nishant Verman rejoins as SVP of Corporate Development and Partnerships. Flipkart, backed by Walmart, includes Myntra and other subsidiaries

Global oil prices fell as the US signaled potential easing of sanctions on Iranian crude, easing Strait of Hormuz tensions. Brent dropped 3.39%, WTI 3.22%. Indian markets rebounded, while US equities closed slightly lower amid mixed global trading

Gold and silver prices surged up to 3% on Friday in domestic and global markets, driven by easing West Asia tensions and safe-haven demand. Despite gains, analysts warn of weekly declines amid inflation concerns, strong dollar, and uncertain interest rate outlook

Mumbai markets rebounded sharply on Friday as Sensex and Nifty surged following a previous steep fall, aided by easing crude oil prices amid hopes of Middle East de-escalation, while most stocks gained, despite continued foreign investor selling pressure in markets today

The Centre launched a Rs 497 crore RELIEF scheme to support exporters hit by West Asia conflict disruptions, offering logistical support, extended export obligations and financial relief to offset rising freight, insurance costs and operational uncertainties in key Gulf trade routes

Indian stock markets plunged sharply as rising global tensions and a surge in crude oil prices triggered the steepest single-day fall in nearly two years, with benchmark indices, broader markets and key sectors witnessing significant selling pressure.

Tata Group Chairman Natarajan Chandrasekaran was conferred an honorary KBE by the British government for strengthening UK-India business ties. The award recognizes his leadership in Tata’s investments, employment, and innovation across technology, automotive, steel, and consumer sectors.

Atanu Chakraborty resigned as part-time chairman of HDFC Bank citing ethical concerns, marking an unprecedented mid-term exit. Keki Mistry was appointed interim chairman as the RBI approved leadership transition

Mumbai markets plunged early Thursday as Sensex and Nifty fell sharply, ending a three-day rally amid surging crude oil prices, weak global cues, and heavy FII outflows. Banking and financial stocks led losses, while energy shares showed limited resilience

Consumption is not merely market behaviour — it reflects deeper economic resilience and vulnerability

The rupee fell to a record low of 92.63 against the US dollar, pressured by foreign fund outflows, strong dollar demand and geopolitical tensions, even as domestic equities gained and crude prices showed slight easing in global markets.

The Indian-flagged crude tanker Jag Laadki safely docked at Adani Ports Mundra, carrying ~80,886 tonnes of UAE crude oil. The shipment supports refinery operations amid regional supply challenges, following safe passage of LPG carriers through the Strait of Hormuz

Despite conflict, nearly 90 ships have crossed the Strait of Hormuz as Iran sustains oil exports amid selective restrictions. “Dark” vessels and diplomatically cleared ships continue transit, while tensions involving Donald Trump keep global energy markets volatile

Global oil prices fell over 3 percent after recent gains, amid volatile West Asia tensions. Despite conflict escalation involving Iran, the US and Israel, concerns over restricted Strait of Hormuz flows and stalled security efforts continue to unsettle markets and supply outlook