'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
The CBI conducted searches at 17 premises in Mumbai related to Reliance ADA Group companies, including Reliance Telecom and Reliance Finance, concerning alleged diversion of bank funds and losses to banks and LIC.
'FPIs are unlikely to return unless there is equilibrium between valuation premium and earnings growth.'
The Supreme Court granted bail to the wife of the alleged 'kingpin' of a Rs 3,700-crore scam and directed that no court shall de-freeze the assets attached by the probe agencies in the case till the trial in the FIRs against the accused are concluded.
Mumbai Police have registered a case against a man for allegedly posing as the son of a former Gujarat MP and cheating a businessman of lakhs of rupees on the promise of good returns on share market investments.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 14,231 crore from Indian equities so far in May, extending the total outflow for 2026 to over Rs 2 lakh crore, driven by persistent global macroeconomic uncertainties including inflation, interest rates, and geopolitical risks.
Gurugram Police demolished an eight-story building allegedly used as a paying guest accommodation by convicted drug smuggler Satpal alias Kalu. The demolition was a joint effort with the municipal corporation, targeting properties acquired through drug trafficking proceeds. Authorities also demolished property illegally occupied by another alleged drug peddler.
Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower due to surging crude oil prices, weak global market trends, and significant foreign fund outflows, with geopolitical tensions and inflation concerns further dampening investor sentiment.
Punjab Minister Aman Arora has accused the Enforcement Directorate (ED) of defaming him by linking his name to recent raids in a money laundering probe. Arora alleges the BJP-led Centre is running a politically motivated campaign to malign him and has offered full cooperation with any inquiry.
Indian equity markets, including the Sensex and Nifty, experienced a significant downturn for the second consecutive day, driven by escalating geopolitical tensions in West Asia and persistent foreign fund outflows.
The shift towards power-hitting in cricket has led to a revolution in bat manufacturing, with makers using scientific precision and customisation to meet the demands of modern batters.
As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.
Rajasthan Police's Anti-Narcotics Task Force (ANTF) has arrested two individuals and seized approximately 234 kg of 2-Bromo-4-Methyl Propiophenone, a crucial precursor used in the production of the synthetic drug mephedrone.
The exchange rate of the rupee against the dollar may delay the economy's rise to become the fourth-largest.
Hundreds of TVK supporters gathered in Chennai, hoping to see their leader Vijay become chief minister, only to find the venue closed and the event cancelled, leading to disappointment and confusion.
The Reserve Bank of India's (RBI) cap on banks' forex positions provided only a temporary boost to the rupee, with the currency quickly reversing gains and breaching the 95-per-dollar mark due to persistent underlying pressures.
The rupee appreciated 13 paise to close at 90.34 against the US dollar on Thursday, on trade deal optimism and overnight decline in commodity prices, even as the upside remained capped as investors look for more clarity on the India-US trade deal.
The Indian government has revised the application fee for the Overseas Citizen of India (OCI) card and introduced changes to the application process, including abolishing the six-month continuous stay requirement.
The Pakistan Cricket Board has initiated a strong campaign to recover billions in dues from defaulting franchises, broadcast, and business partners to improve its financial standing.
Hindustan Unilever (HUL) exceeded consensus estimates in Q4FY26, driven by lower overheads and 6 per cent consolidated volume growth. However, the company anticipates further price hikes to counter an expected 8-10 per cent material cost inflation, while maintaining a mid-term margin guidance of 22.5-23.5 per cent.
It underperformed peers amid volatile capital flows and uneven forex support.
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
Gurugram police demolished the illegal property of criminal Ravindra alias Sarkar, who was involved in more than a dozen serious crimes, in Taj Nagar village, Farrukhnagar.
Police in Kanpur have arrested a suspected mastermind behind a network of fake firms, forged documents, and suspected hawala transactions worth over Rs 3,200 crore.
A jewellery shop in Bengaluru was allegedly burgled, with approximately 70 kg of silver articles worth crores of rupees stolen.
Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.
Despite geopolitical tensions and FII outflows, Indian small and midcap stocks have not only recovered losses but are also outperforming largecap indices, driven by attractive valuations, domestic institutional support, and a rebound in earnings.
The Enforcement Directorate conducted searches at multiple locations in Punjab and Chandigarh, including premises linked to an alleged associate of an OSD in the CMO, as part of a money laundering probe into a land fraud case.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
Foreign Portfolio Investors (FPIs) have withdrawn Rs 19,837 crore from Indian equities in the first two trading sessions of April, extending a significant selling trend from March, driven by geopolitical uncertainty, rising crude oil prices, and a depreciating rupee.
The Reserve Bank of India (RBI) has opted to keep its key interest rates unchanged at 5.25%, anticipating a global economic recovery following a ceasefire in the US/Israel-Iran conflict, despite ongoing inflationary pressures and currency fluctuations.
Police in Pratapgarh, Uttar Pradesh, busted an illegal opium cultivation operation, seizing over 12 kilograms of opium and detaining two individuals for questioning.
Chennai Super Kings are seeing strong performances from young players like Kartik Sharma, whose recent form has boosted the team after a slow start to the season, according to coach Stephen Fleming.
Foreign investors have aggressively sold off Indian equities, withdrawing over 48,213 crore in the first 10 days of April, following a record 1.17 lakh crore outflow in March, driven by escalating geopolitical tensions in West Asia, rising crude oil prices, and global inflation concerns.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
The value of the rupee, which has slipped to the 92 per dollar mark, does not accurately reflect India's stellar economic fundamentals, the Economic Survey said on Thursday.
A controversy has erupted in Latur, Maharashtra, over the accounting of donations collected for a religious event, with organisers alleging irregularities and filing a complaint with the police.
Delhi Police have arrested a 24-year-old man, Aditya Mishra, for allegedly supplying arms to the Nandu gang, recovering illegal firearms and ammunition from him.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that recent regulatory measures to address foreign exchange market volatility, such as capping banks' net open positions, are temporary and aligned with current market conditions, not signalling any structural shift in policy.
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