India’s National Stock Exchange will launch exchange-traded derivatives based on Platts oil price benchmarks through a collaboration with S&P Global Energy, the bourse said on Monday. The move comes as India’s market regulator pushes to deepen commodity derivatives markets and attract greater institutional participation, including in metals and energy contracts. The products will offer tools…
PDS Limited has secured a strategic sourcing mandate worth around ₹450 crore from a leading United States-based value retailer, marking a significant step in strengthening its presence in the US market. The global fashion infrastructure platform said it has entered into a sourcing as a service (SaaS) contract with the retailer to provide end-to-end sourcing…
US markets started the week on a mixed note, even as oil prices edged lower and geopolitical tensions kept investors on edge. The S&P 500 and Nasdaq Composite opened in positive territory, rising 0.1% and 0.3%, respectively. The Dow Jones Industrial Average, however, slipped 35 points, or 0.1%, reflecting a cautious undertone. The mood remains…
Godrej Consumer Products Ltd said on Monday, April 6, demand conditions and consumer sentiment remained steady in the domestic FMCG sector through Q4FY26, with trade channels normalising following the GST transition and food inflation easing. It added that policy tailwinds, including personal income tax relief and GST rationalisation, position the industry well to offset the…
Aurobindo Pharma’s wholly owned subsidiary, CuraTeQ Biologics, has reported positive top-line results from the Phase 3 trial of its omalizumab biosimilar, BP11, indicating comparable efficacy and safety to the reference drug, Xolair. An omalizumab biosimilar is a biologic similar to the branded drug Xolair, developed after patent expiry. Omalizumab is a monoclonal antibody that targets…
India’s real estate sector is entering a structurally stronger growth phase, led by sustained ₹5,000 crore-plus annual sales by top developers, a sharp pivot towards wellness-led housing, and an aggressive expansion into emerging Tier-2 markets. The latest trigger comes from Max Estates Limited, which reported ₹5,305 crore in pre-sales for FY26, its second consecutive year…
Indian companies’ activity in the non-deliverable forwards (NDF) market surged to over $7 billion on March 30, around seven times the average, signaling a rush to capture arbitrage opportunities created by banks unwinding positions following regulatory curbs. The unwinding followed the Reserve Bank of India’s imposition of restrictions on lenders’ net onshore open FX positions,…
PC Jeweller Ltd reported a 32% year-on-year rise in standalone revenue for the March quarter, while continuing to pare debt as part of its ongoing turnaround efforts. For FY26, the company said revenue grew around 49% year-on-year, supported by steady performance across quarters. During the quarter, it reduced outstanding bank debt by approximately 23% under…
US stock futures trade mixed as oil prices ease, with S and P and Nasdaq up, Dow slightly down, as markets track US Iran tensions and possible ceasefire talks over the Strait of Hormuz US Stock Market Live Updates: US stock futures traded mixed on Monday, while oil prices edged lower, as investors continued to…
SEBI’s move to revive open market buybacks could bring a structural buyer back into equities, helping absorb selling pressure and stabilise markets amid volatility. As Bhavesh Shah, Managing Director and Head of Investment Banking at Equirus Capital, pointed out, “earlier it used to be a panic selling… now there’s someone in the market out there…
