Dalal Street will be tracking results for the fourth quarter from 42 firms between April 13 and 18. Key names include Wipro, HDFC Bank, ICICI Bank, HDFC Life, ICICI Lombard, ICICI Prudential AMC and HDB Financial Services. Wipro will also be considering a share buyback this week with its results. 2 Min Read 1 /…
Crude oil prices surged after the weekend break as US President Donald Trump threatened to block the Strait of Hormuz and after negotiations between the US and Iran failed to yield any meaningful outcome over the weekend. Both Brent Crude and West Texas Intermediate (WTI) gained as much as 8% to head back above the…
European Natural Gas prices surged in early Asia trading on Monday, April 13, after US President Donald Trump announced that the US will begin a full blockade of the Strait of Hormuz. Gas prices have surged along with crude oil prices, while risk assets like equities, Gold and Silver have declined this morning. The Dutch…
US market futures on Wall Street collapsed when trading resumed on Sunday evening local time after the weekend break, and the breakdown of the peace talks between US and Iran in Islamabad. Futures linked to the Dow Jones are down nearly 500 points as trading began, while those on the S&P 500 and Nasdaq are…
The Nifty Auto index surged nearly 7% on Wednesday, April 8, and is the top gainer among sectoral indices. This is the biggest single-day gain that the index has seen since April 2020. During the US-Iran war, the auto index had declined 17% in the month of March. However, since then, the index has gained…
Indian stock markets rallied sharply on the back of a US-Iran ceasefire on Wednesday, with benchmarks logging one of their strongest sessions in recent months amid a broad-based risk-on sentiment. The Sensex surged 2,946 points to close at 77,563, while the Nifty jumped 874 points to settle at 23,997 after briefly crossing the 24,000 mark…
Nilesh Shah said India’s economic outlook could improve if crude oil prices remain contained, as lower energy costs would ease inflation and support demand. He highlighted that stable oil prices, along with policy support, could benefit key sectors, with banking and consumer-focused businesses likely to see improved traction in the current environment. He said, “If…
Future Consumer Ltd (FCL) has defaulted on the payment of ₹615.67 crore in interest and principal repayments on loans from banks, financial institutions, and unlisted debt securities, as of March-end 2026. FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on the payment of ₹325.26 crore loans and revolving facilities, like cash credit…
Advent International LP-backed Svatantra Microfin Pvt. has met with bankers and lawyers as the first step in the process for an initial public offering that could raise as much as $250 million, according to people familiar with the matter. The firm, founded by Ananya Birla, daughter of billionaire Kumar Mangalam Birla, has hired Kotak Mahindra…
Asian stocks opened lower and S&P 500 contracts slipped 0.2% on Thursday after Iran said several terms of the agreement of the ceasefire proposal had been breached. MSCI’s Asia Pacific index declined 0.4% with losses in South Korea, Japan and Australia. Oil prices rebounded. The Iran Parliament speaker Mohammad-Bagher Ghalibaf said three clauses of the…
