Business

Gold and silver prices surged on Multi Commodity Exchange amid West Asia tensions, driven by safe-haven demand. Analysts cited geopolitical uncertainty and volatility, with metals holding key support levels and likely remaining sensitive to global macroeconomic and geopolitical developments

Benchmark indices Sensex and Nifty fell sharply in early trade on Friday after a two-day rally, tracking weak global markets amid escalating US-Iran tensions, high crude oil prices and continued foreign institutional investor outflows.

The rupee plunged 33 paise to a fresh all-time low of 94.29 against the US dollar in early trade on Friday as rising crude oil prices, a stronger dollar and continued foreign fund outflows intensified pressure on the domestic currency.

Nayara Energy raised petrol by Rs 5 per litre and diesel by Rs 3, becoming one of India’s first fuel retailers to pass on crude price hikes amid Middle East tensions. State-owned firms have kept prices unchanged since April 2022

India’s CO2 emissions rose just 0.7% in 2025, the slowest in over two decades, driven by falling power-sector emissions and reduced coal and oil consumption. Clean-energy growth, especially solar and wind, offset fossil-fuel use despite planned industrial expansions

As oil routes tighten and LPG delays mount, the Iran conflict is turning distant geopolitics into an immediate threat to India’s household

The Centre plans to cut broken rice allocation under PDS to boost ethanol production, freeing 90 lakh tonnes annually. Sanjeev Chopra said the move aims to strengthen supply chains, support blending targets and reduce crude import dependence

Swiggy raised its platform fee by 17% to ₹17.58 per order after Zomato made a similar move. The hikes reflect rising operational costs and a broader industry trend to improve margins amid increasing expenses

A report by Emkay Global Financial Services forecasts recovery in Indian markets as oil pressures ease. The Nifty 50 may stabilise, with rupee strengthening and bond yields softening, though higher crude prices could impact growth, inflation and fiscal balance

Gold and silver prices dropped sharply in Mumbai as easing West Asia tensions reduced safe-haven demand after Donald Trump signalled a pause in strikes on Iran. Weak global trends and improving sentiment pressured precious metals markets

The Indian government has intensified surveillance on unauthorised sale and promotion of GLP-1 receptor agonists, conducting nationwide inspections and issuing advisories. Authorities warned of strict action against violations, stressing patient safety amid rising misuse risks without proper medical supervision

Mumbai markets rebounded sharply as Sensex and Nifty surged in early trade, tracking global optimism after Donald Trump paused strikes on Iranian energy infrastructure. Easing oil prices and improved sentiment boosted equities, despite continued geopolitical uncertainty and recent foreign investor outflows 

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