Business

India’s gem and jewellery exports reached $27.72 billion in FY26, showing marginal growth in rupee terms despite a decline in dollar terms. Exporters diversified markets, with UAE and Australia contributing to growth amid global uncertainties

Indian equity markets surged with Nifty and Sensex gaining over 1.6 per cent each, driven by easing US-Iran tensions and positive global cues. Broader markets outperformed, while the rupee strengthened slightly amid cooling crude oil prices

Indian Railways has electrified 99.6 per cent of its broad gauge network, carried 741 crore passengers and achieved record freight movement in 2025–26. Major upgrades in safety systems, infrastructure and modern trains have improved efficiency, safety and passenger experience

Gold prices remained steady amid easing US-Iran tensions, which tempered safe-haven demand. Silver, however, saw stronger buying interest. Analysts expect gold to gain momentum above key resistance levels, while downside risks persist if prices breach support levels.

The rupee appreciated 20 paise to 93.15 against the US dollar in early trade, supported by softer crude oil prices and a weaker dollar. Improved sentiment also followed renewed hopes of US-Iran talks, boosting domestic equity markets.

Indian equity markets rallied sharply Wednesday as Sensex and Nifty surged on global optimism and lower crude prices amid US-Iran diplomacy hopes. Gains were broad-based despite recent foreign outflows, with IT and aviation stocks leading the early advance across sectors

Global shocks, driven by inflation and supply chain disruptions, act as a ‘stealth tax’ on vulnerable groups, threatening gender equity

Rising tensions in the Strait of Hormuz amid US-Iran conflict and blockade fears have disrupted global oil supply, pushing crude prices higher. Analysts warn reduced Iranian exports and shipping risks could further strain markets and increase petroleum costs worldwide

State-owned oil companies Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited are facing rising losses as petrol and diesel prices remain frozen despite high crude costs, increasing financial strain and raising concerns over possible future fuel price hikes

Income Tax Department has introduced Form 141, a consolidated TDS challan replacing four earlier forms for property, rent, professional services, and virtual digital asset transactions, simplifying filing, reporting, and compliance through the e-filing portal

The NCLT has initiated insolvency proceedings against Videocon’s former chairman Venugopal Dhoot as a personal guarantor for loan defaults worth Rs 6,157.57 crore. The tribunal admitted SBI’s plea and appointed a resolution professional to oversee the process

Tata Sons chairman N Chandrasekaran termed allegations at TCS Nashik as serious and ordered a probe led by a senior executive. Police have formed an SIT and arrested seven people in connection with harassment complaints by employees

Godrej Industries Group announced a leadership transition with Pirojsha Godrej set to become chairperson in August, succeeding Nadir Godrej, who will take on an emeritus role as part of a planned generational succession across the conglomerate

Indian stock markets closed nearly 1 per cent lower as US-Iran talks collapsed, raising fears of prolonged conflict and pushing crude oil prices higher, which weighed on investor sentiment across global and domestic markets

Two supertankers carrying Iranian crude have reached Indian ports for the first time in nearly seven years under a temporary US sanctions waiver, signalling a brief resumption of oil trade amid global supply concerns

India’s inflation rose to 3.4 per cent in March under the new CPI series, driven by higher vegetable prices, while pulses and some food items became cheaper. The RBI expects inflation at 4.6 per cent in 2026-27

India’s cement companies are expected to post healthy volume growth in Q4 FY26 on strong construction demand and government spending, though rising fuel and packaging costs may keep profitability under pressure, analysts said

Air India plans to introduce a performance-linked stock option scheme to boost productivity and retain talent. The Tata Group aims to align employee performance with growth as part of efforts to turn around the loss-making airline

The rupee weakened by 49 paise against the US dollar amid surging crude oil prices and geopolitical tensions linked to the Strait of Hormuz. Weak equities and a stronger dollar further pressured the domestic currency in early trade.

India received the highest regressive tax advice from the International Monetary Fund, according to Oxfam, which flagged a “double standard” favouring wealthy nations and warned such policies could worsen inequality in developing economies

Gold and silver prices fell sharply in Mumbai trade as the Strait of Hormuz blockade announcement and rising tensions dented sentiment. Weak global cues and risk-off mood pushed bullion lower, with MCX and COMEX metals showing further downside pressure

Gold and silver prices declined up to 2 per cent on MCX amid rising geopolitical tensions after the US announced a blockade of the Strait of Hormuz. Weak global cues and risk-off sentiment also dragged equities and the rupee lower.

Mumbai markets plunged sharply in early Monday trade as failed US-Iran talks and rising geopolitical tensions triggered a spike in crude oil prices, denting investor sentiment. Sensex and Nifty dropped heavily, with broad-based losses across sectors amid global risk-off mood

CCUS push seeks to balance economic growth with climate goals, but high costs, technological uncertainty, and risks of carbon lock-in raise concerns