Business

The rupee weakened 14 paise to close at 96.44 against the US dollar on Monday, pressured by rising crude oil prices and global risk aversion amid US-Iran tensions. RBI intervention expectations and stronger forex reserves helped limit further depreciation

Banks remain confident that FCNR-B deposit mobilisation will gather pace before the RBI's September 30 deadline despite a slow start. Lenders are strengthening overseas partnerships and outreach to NRIs, while analysts expect inflows to remain below earlier market expectations

The Sensex and Nifty closed lower on Monday as sharp losses in HDFC Bank and Axis Bank, coupled with concerns over escalating US-Iran tensions, weighed on investor sentiment. Banking stocks led the decline despite gains in select blue-chip counters

Gold futures rose Rs 294 to Rs 1,41,200 per 10 grams on the Multi Commodity Exchange on Monday, driven by fresh buying and firm spot demand. However, global gold futures declined 0.17 per cent in New York amid mixed market sentiment

SBI Research said FCNR-B inflows of $13-14 billion could raise bank deposit growth to 15% in FY27, narrowing the credit-deposit gap. Despite strong lending growth, Indian banks remain well-capitalised with low NPAs, supported by consumption, infrastructure and investment demand

Sensex and Nifty declined sharply in early trade as HDFC Bank and Axis Bank shares fell after earnings, while rising crude prices amid US-Iran tensions increased market concerns. Reliance Industries gained following record quarterly results, offering some support to investors

The Trump administration said oil movement through the Strait of Hormuz has recovered to nearly two-thirds of pre-war levels despite Iran conflict. Officials vowed to safeguard shipping, while former NATO commander James Stavridis warned Iran could expand tensions by targeting the Suez Canal

But one thing survived all of it. One thing that every central bank in the world is quietly accumulating — while publicly calling it irrelevant. That which cannot be manufactured.

The successful launch of Vikram-1 establishes Skyroot as a serious competitor in global small-satellite launch market

Reliance Retail plans to rapidly expand JioMart, dark stores and omni-channel operations as part of its three-year growth strategy. The company expects these investments to boost margins, improve profitability and double operating EBITDA through stronger digital and customer-led growth

India's primary market will stay busy next week with four public issues, including Cube Highways Trust's Rs 5,000-crore InvIT and IPOs of Indo MIM, Lohia Corp and Xtranet Technologies, offering investors fresh opportunities across infrastructure, manufacturing and technology sectors

Reliance Industries and BP reported a nearly seven per cent year-on-year decline in KG-D6 natural gas production during the June quarter due to natural reservoir depletion. The companies said plans are in place to offset declining output from the deepwater Bay of Bengal block

Kotak Mahindra Bank reported a 22.55 per cent rise in consolidated net profit to Rs 5,480.46 crore in the June quarter, driven by higher net interest income, fee income and business growth, while asset quality improved despite a decline in net interest margin

Despite record investments in green energy, emissions and resource extraction continue to rise, highlighting that the real challenge is not just decarbonisation, but rethinking development itself

AI-related skills now appear in 15.4 per cent of technology job descriptions, while mentions in non-technology roles have grown nearly six-fold since 2020, according to Naukri's World AI Day Report 2026, highlighting rising employer demand and salary premiums for AI expertise

Indian benchmark indices rallied sharply on Friday, with the Sensex gaining 964.58 points and the Nifty closing above 24,300. Strong buying in private banking, IT and auto stocks drove the gains, while broader markets ended the session in negative territory.

Non-Resident Indians can potentially bring USD 70-80 billion into India through the ongoing FCNR initiative, according to experts. The scheme, supported by higher bank interest rates, aims to strengthen India's foreign exchange reserves and attract greater overseas investment before September 30, 2026

The promoter group of Reliance Industries increased its stake to 50.48 per cent during the June quarter through market purchases. Analysts said the move reflects confidence in the company's long-term growth prospects and is viewed positively by investors

Benchmark indices Sensex and Nifty opened higher on Friday, led by gains in IT stocks after Tech Mahindra reported a strong rise in June-quarter profit. Positive momentum in technology shares outweighed weakness in select heavyweight stocks during early trade

Tech Mahindra shares rose over 3 per cent after the company reported a 28.4 per cent increase in consolidated net profit for the June quarter. The IT firm also expressed confidence in sustaining growth, backed by a strong order book and robust demand

The rupee appreciated 14 paise to 96.28 against the US dollar in early trade, supported by gains in domestic equities. However, higher crude oil prices, geopolitical tensions in West Asia and continued FII outflows limited the local currency's advance

The India-UK Free Trade Agreement is set to deepen economic engagement, boost bilateral trade and create new opportunities for businesses, workers, investors and exporters in both countries

Hyderabad has become one of India's busiest technology hubs, home to global capability centres and marquee names in IT, finance and consulting.

The National Stock Exchange (NSE) will launch derivatives contracts on the Nifty India FPI 150 Index from August 12, following Sebi’s approval. The contracts will include futures and options, cash-settled on the last Tuesday of the expiry month.