The Indian rupee plummeted to an all-time low of 95.80 against the US dollar, settling at 95.66, driven by elevated crude oil prices and escalating geopolitical tensions in West Asia, despite potential RBI intervention and import curbs on gold.
Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.
'If the war continue for a longer period of time, it is just a matter of time before the government will pass on some of the price increases.'
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died on Wednesday after battling age-related ailments. He was 79.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died on Wednesday after battling age-related ailments. He was 79.
An oil tanker carrying 24 Indian seafarers reported a fire off the coast of Oman, with all crew members confirmed safe. The incident occurred amidst renewed hostilities between Israel and Iran, who exchanged attacks on petrochemical facilities.
Chennai-based SKASports Investments Private Ltd has signed an agreement with a Singapore club to develop a regional sports ecosystem that would tap the large pool of footballers and coaches from India.
Two-time Olympic medallist P V Sindhu and reigning men's doubles champion Satwiksairaj Rankireddy and Chirag Shetty will headline the Indian badminton squad at the Aichi-Nagoya Asian Games.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Indian benchmark indices, Sensex and Nifty, closed sharply higher, with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, driven by a global market rally and a decline in crude oil prices following US President Donald Trump's declaration that his country has ended the war with Iran.
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
The Indian government has imposed a new windfall gains tax of Rs 3 per litre on petrol exports, while simultaneously reducing the levy on diesel to Rs 16.5 per litre and aviation turbine fuel (ATF) to Rs 16 per litre, effective May 16.
Crude oil prices are projected to fall significantly this year, driven by hopes of a peace deal between the US and Iran, which could lead to the reopening of the Strait of Hormuz, and a notable drop in Chinese demand for seaborne crude imports.
The Enforcement Directorate has launched a foreign exchange violation investigation against Vedanta Group, conducting searches at its premises in multiple locations.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
'The situation globally is quite challenging, but we have the confidence and courage of conviction that we will come out winners even in this challenging time.'
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.
The Furious's jaw-dropping action scenes are so ferocious and inventive that they leave you gasping for breath, commends Sreeju Sudhakaran.
In a significant diplomatic development, US and Iranian negotiators have reportedly reached a tentative 60-day memorandum of understanding (MoU) aimed at extending a fragile ceasefire and paving the way for formal talks regarding Iran's nuclear programme.
There is no cause for concern, as the overall situation arising out of the crisis is firmly under control, the Centre informed while briefing political parties at the all-party meet.
The Indian embassy in Tehran has earlier stated that it is facilitating the safe movement of nationals who wish to leave Iran.
Indian benchmark indices Sensex and Nifty closed flat, paring early gains due to renewed hostilities between the US and Iran, which unsettled investor sentiment and led to profit booking in metal, oil & gas, and telecom shares.
Foreign portfolio investors (FPIs) withdrew a substantial amount from Indian equities in the first half of March, driven by geopolitical tensions, rupee depreciation, and concerns about crude oil prices.
'With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible.'
JSW Motors, part of the JSW group, is set to enter India's passenger vehicle market with plans to launch 15 new-energy vehicles (NEVs) over the next four years, with deliveries commencing from December 2026.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died after battling age-related ailments. He was 79.
A Chinese official stated that India and China should view each other as cooperative partners and opportunities for development, not rivals or threats. This statement came in response to Russian President Vladimir Putin's comments on the independent and strong ties Russia maintains with both nations, emphasising non-interference in India-China relations.
Dr. Jaideep Arya, Secretary General of World Yogasana and Yogasana Bharat, states that Prime Minister Narendra Modi's support has significantly boosted Yogasana's bid for Olympic recognition. He highlights the efforts to rebrand Yogasana as a competitive sport for younger generations and its accessibility, despite challenges like geopolitical tensions affecting participation.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
The IRGC is the most powerful branch of Iran's armed forces and operates independently of the country's regular military, answering directly to Supreme Leader Ali Khamenei.
The Sports Authority of India (SAI) has signed a Memorandum of Understanding (MoU) with Japan's University of Tsukuba to facilitate specialised training and exchange programmes for Indian athletes, coaches, and sports scientists. This partnership aims to enhance cooperation in various sports-related fields and boost India's international competitiveness, especially in disciplines like athletics, archery, table tennis, swimming, and judo.
The Indian government has restricted industrial, commercial, and institutional users from purchasing petrol and diesel from retail petrol pumps, directing them to bulk sale points instead. This move, which can last up to 90 days, aims to address abnormal demand growth and prevent localised shortages caused by a significant price difference between retail and bulk fuel prices.
Titan will continue investments, even as it notes it is too early to assess how customer sentiment and store footfalls will be impacted by the Prime Minister's appeal to reduce gold consumption and the recent hike in import duty.
Indian equity markets experienced a significant downturn as geopolitical tensions in West Asia, rising oil prices, and foreign fund outflows dampened investor confidence. The Sensex and Nifty both fell sharply in early trade, reflecting broader global market weakness.
India's procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.
India has significantly reduced Aviation Turbine Fuel (ATF) prices for international airlines by 27% due to easing global fuel benchmarks, while simultaneously increasing commercial LPG and 5-kg cylinder prices to record highs.
Khamenei urged the pilgrims for unity and called on them to pray for "the liberation of Palestine and Al-Aqsa Mosque, the alleviation of the great hardships afflicting Muslims, and the attainment of ultimate victory against global arrogance."
India's consumption stocks, which have outperformed the broader market, are now facing significant pressure due to a gradual rise in fuel prices and the potential for higher inflation. Analysts warn that companies may be forced to pass on increased input costs to consumers, potentially hurting demand across both staples and discretionary categories, with a looming threat of deficient monsoon rainfall further exacerbating inflationary concerns.
Indian benchmark indices Sensex and Nifty traded lower amid volatile trends, influenced by escalating geopolitical uncertainties in West Asia and fresh outflows from Foreign Institutional Investors (FIIs).
Sharp differences between Iran and the UAE over the West Asia conflict were on full display during the BRICS foreign ministers' meeting in New Delhi, signalling the challenges the bloc faces in reaching a consensus position on the crisis.
