The Indian rupee weakened to a record intra-day low against the US dollar due to a strengthening greenback, continuous foreign capital outflows, and elevated global crude oil prices amidst the West Asia conflict.
India on Friday launched a highly coordinated, priority operation to safely guide 13 Indian-flagged commercial vessels out of the volatile Strait of Hormuz, the ministry of ports, shipping, and waterways announced on Friday.
'Once the market decides it wants to go up, it goes up -- no amount of bad news can really hold it back.'
The threat has raised concerns about possible asymmetric attacks outside the region. Iran has also stepped up attacks on energy infrastructure in Gulf countries.
Indian defence stocks have seen an average year-on-year gain of 67 per cent, driven by renewed interest following 'Operation Sindoor' and a broader increase in global geopolitical tensions, with the combined market capitalisation of 18 firms increasing by approximately 2.3 trillion.
Head of the Iranian Parliament's National Security Committee Ebrahim Azizi on Saturday said that Iran has prepared a "professional mechanism" to regulate maritime traffic in the Strait of Hormuz through a designated route, which will be unveiled soon.
India's retail inflation, measured by the Consumer Price Index (CPI), increased to 3.48 per cent in April, up from 3.40 per cent in March, primarily due to a surge in prices of gold and silver jewellery, as well as certain kitchen staples like tomatoes and cauliflower.
PV Sindhu secured a straight-game victory at the Singapore Open, while Satwiksairaj Rankireddy and Chirag Shetty also advanced. Other Indian shuttlers faced setbacks in the tournament.
India's women's and men's badminton teams suffered defeats in the Badminton Asia Team Championships, ending their campaigns in the quarterfinals. The women's team lost to China, while the men's team was defeated by Korea.
If Iran and Oman choose to charge a fee for rendering services to vessels using their territorial waters, so be it. The US is indulging in an irrationally self-destructive act, notes Ambassador M K Bhadrakumar.
'... with the rest split between mid and smallcaps, as valuations are becoming more attractive across segments.'
The pale-coloured hog deer is believed to be affected by albinism, a rare genetic condition characterised by the absence or reduction of melanin pigment in the skin, fur, and eyes.
Analysts are revising down India Inc's financial year 2026-27 (FY27) earnings growth forecasts, citing persistently high crude oil prices above $100 a barrel due to the West Asia conflict, which is expected to dent corporate financial performance in the coming quarters.
'Once the currency goes out of the hand, then possibly your major challenge is that it will not come back.'
PV Sindhu exited the Singapore Open after losing to An Se Young, while Satwiksairaj Rankireddy and Chirag Shetty progressed to the semi-finals.
This is the time for India to plan forward fully, with the goal of Atmanirbharata, and energy security. The Persian Gulf is no longer a reliable source, points out Rajeev Srinivasan.
"The US President's statements are within the framework of efforts to reduce energy prices and gain time to implement his military plans," the ministry stated.
Kidambi Srikanth and PV Sindhu progressed to the men's and women's singles second round with straight game wins in a mixed day for India at the Thailand Open Super 500 tournament.
Iran hosted a large send-off rally for its World Cup team in Tehran, despite ongoing concerns about visa issues for entry into the United States, where the team is scheduled to play its group matches.
PV Sindhu's campaign at the Singapore Open Super 750 badminton tournament ended in the quarterfinals with a loss to world No. 1 An Se Young. Despite showing glimpses of her attacking prowess, Sindhu couldn't maintain consistency against An's superior control and movement.
PV Sindhu exited the Singapore Open after losing to An Se Young, while Satwiksairaj Rankireddy and Chirag Shetty progressed to the semifinals.
India's foreign exchange reserves saw a significant increase of USD 6.295 billion, reaching USD 696.988 billion for the week ending May 8, as reported by the Reserve Bank of India.
Tata Motors' MD and CEO, Girish Wagh, has identified rising diesel prices as the most significant threat to India's commercial vehicle (CV) industry recovery, despite the sector recently surpassing its pre-FY19 wholesale peak. Diesel costs account for 25-50% of a truck operator's total cost of ownership, making any increase a critical concern for fleet economics.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
It seems odd to criticise a country for delivering growth rates in standards of living and consumption that have been perhaps the fastest, longest, and most broad-based (affecting hundreds of millions of people) in history, points out Arvind Subramanian.
As tensions in the Middle East approach a critical juncture, reports have surfaced regarding a draft memorandum of understanding between the United States and Iran aimed at de-escalating the ongoing conflict, Iranian state media reported on Wednesday.
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
The 2026 Asian Senior Weightlifting Championships, featuring athletes from 30 countries, will be held in Gandhinagar from May 11 to 17. The event serves as a qualifier for the 2026 Commonwealth Games.
Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.
Hybrid mutual fund schemes attracted significant inflows of Rs 1.55 lakh crore in FY26, a 29 per cent increase, as investors increasingly opted for diversified investment strategies to navigate volatile market conditions and geopolitical tensions.
India's foreign exchange reserves increased by USD 2.362 billion to reach USD 703.308 billion for the week ending April 17, as reported by the Reserve Bank of India (RBI).
Four-time Olympian Deepika Kumari, along with Atanu Das and Abhishek Verma, failed to secure a spot in India's archery squad for the Asian Games in Japan after a selection trial. Teenagers Kirti Sharma and Kumkum Mohod emerged as notable gainers in the women's recurve section.
Dozens of US planes carrying ammunition landed in Tel Aviv, raising concerns about potential strikes on Iran. Negotiations between the US and Iran remain deadlocked over key issues, with both sides issuing fresh demands and warnings.
US President Donald Trump and Chinese President Xi Jinping met in Beijing to discuss a range of issues, including trade frictions and the war in Iran.
Former India goalkeeper PR Sreejesh has criticised Hockey India's decision to replace him as U-21 coach with a foreign appointment, despite his successful tenure.
Indian golfer Pukhraj Gill, fresh off his Asian Development Tour title, is focused on securing a full Asian Tour card through consistent performance and leveraging international exposure.
Pakistan's Punjab government has approved a plan to restore the names of several streets and roads in Lahore, aiming to revive the city's pre-Partition heritage, an official said on Monday.
The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.
India's men's and women's teams advanced to the quarter-finals despite suffering narrow 2-3 defeats to Japan and Thailand respectively in their final group ties at the Badminton Asia Team Championships in Qingdao, China, on Thursday.
