'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
Shares of Indian life insurance companies, particularly SBI Life Insurance and Canara HSBC Life Insurance, saw significant declines after the Department of Financial Services (DFS) secretary, M Nagaraju, stated that banks are being asked to avoid exclusive tie-ups with their own insurance subsidiaries and instead remain neutral.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 19,837 crore from Indian equities in the first two trading sessions of April, extending a significant selling trend from March, driven by geopolitical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.
Indian equities on Dalal Street saw volatility as global market trends and weak rupee impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for May 5, 2026.
India's services sector growth reached a five-month high in April, with the HSBC India Services PMI Business Activity Index rising to 58.8, primarily driven by robust domestic demand and a shift from international to local suppliers amidst the West Asia crisis.
Police in Surat, Gujarat, have seized a large quantity of fake ghee and arrested two individuals following a raid on a factory producing the adulterated product.
Faridabad Police have dismantled a workshop producing counterfeit Harpic toilet cleaner, arresting one individual and seizing a large quantity of fake products and manufacturing equipment.
Maruti Suzuki India's shares gained over 2.5 per cent after a strong March-quarter performance, with analysts maintaining a positive medium-term outlook driven by buoyant domestic market volumes, capacity expansion, and export growth, despite anticipated near-term margin pressures from higher commodity prices and startup costs.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, driven by a sharp surge in crude oil prices above USD 120 per barrel, weak global market trends, and continued foreign fund outflows.
China has confirmed providing on-site technical support to Pakistan during last year's conflict with India, according to official media reports.
The Reserve Bank of India (RBI) net-bought $7.4 billion from the spot foreign exchange market in February, its highest buy since March 2025, before heavily intervening by selling dollars in March as the rupee declined over 4 per cent following a spike in crude oil prices.
Lukkhe plunges into Chandigarh's dark underbelly, exploring a drug epidemic, political corruption, and a burgeoning rap scene, though its narrative often feels like a familiar crime drama, notes Deepa Gahlot.
Indian equity benchmark indices Sensex and Nifty rebounded in early trade, driven by buying in blue-chip stocks and a positive trend in Asian markets, with domestic institutional investors providing crucial support.
A 49-year-old man has been arrested in Bengaluru for allegedly selling IPL match tickets illegally at inflated prices outside the M Chinnaswamy Stadium.
Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee, accusing them of prioritising the wealthy over the poor and failing to create job opportunities.
Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.
Foreign portfolio investors withdrew over Rs 22,530 crore ($2.5 billion) from Indian equities so far this month amid rising US bond yields and a stronger dollar, continuing their selling streak from last year. This came following an outflow of Rs 1.66 lakh crore ($18.9 billion) recorded in 2025, triggered by volatile currency movements, global trade tensions and concerns over potential US tariffs and stretched market valuations.
Two men were arrested in Hyderabad for allegedly selling MDMA. Police seized 25.65 grams of the narcotic substance. The investigation revealed the accused were selling MDMA to make easy money, supplied by two individuals who procured the drug from Himachal Pradesh.
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
'22 students are fighting over 35,000 seats. In that situation, when someone tells a desperate parent there is a shortcut, and the shortcut costs Rs 3 to Rs 5 lakh versus Rs 1.5 crore -- the maths is seductive.'
Indian stock markets are poised for volatility this week, driven primarily by the outcomes of five state assembly elections, ongoing high crude oil prices amid West Asia tensions, and the release of Q4 corporate earnings, according to market analysts.
Delhi Police have dismantled an organised racket trafficking stolen mobile phones to Nepal, arresting two individuals and recovering 40 devices. The operation involved purchasing stolen phones in Delhi and selling them in Nepal for profit.
Kolkata's Brigade Parade Ground, a historic venue for political rallies and demonstrations, is set to host the swearing-in ceremony of Bengal's first BJP government, marking a significant shift in the state's political landscape. The ground has been a stage for political heavyweights and pivotal moments in Bengal's history.
West Bengal Police are investigating the murder of Chandranath Rath, a close aide of BJP leader Suvendu Adhikari, and have formed multiple teams to trace the assailants.
Benchmark indices Sensex and Nifty ended marginally higher on Wednesday as a sharp decline in IT blue-chip stocks restricted the rally in the markets.
ServiceNow, a leading AI platform for business transformation, is highly optimistic about its growth prospects in the Indian market, according to President and Chief Product Officer Amit Zavery.
Haryana Chief Minister Nayab Singh Saini released over 2,115 crore directly into the bank accounts of beneficiaries under various welfare schemes, benefiting over 58 lakh eligible individuals.
Bajaj Auto is set to launch new Pulsar motorcycles in the 125cc and 150-250cc segments in Q2 FY27, aiming to capitalise on the upcoming festival season surge. This move follows strong growth in the 150cc-plus segment, where refreshed Pulsar models already account for over 50 per cent of Bajaj's sales.
Two brothers, wanted in connection with the murder of a property dealer and journalist in Uttar Pradesh's Hathras, have been arrested in Delhi. The accused, carrying rewards on their heads, were apprehended following a tip-off.
'... with the rest split between mid and smallcaps, as valuations are becoming more attractive across segments.'
West Bengal Chief Minister Mamata Banerjee has criticised the deployment of CRPF armoured vehicles during the Assembly elections, accusing the BJP-led Centre of using government resources to favour their party. She also addressed concerns of potato farmers and urged them to sell their produce in other states.
Thane police arrested 23 people, including two foreign nationals, and seized narcotics worth nearly 1.4 crore during a week-long anti-drug campaign.
A mobile shop owner in Katihar, Bihar, has been arrested for allegedly procuring and selling motherboards of stolen mobile phones to foreign locations, raising concerns about illegal transfer of mobile data.
Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee, accusing them of favouring the wealthy over the poor and prioritising power.
Sweet shops across West Bengal are preparing themed sweets in anticipation of the election results, reflecting the charged political atmosphere.
Veteran Congress leader Mani Shankar Aiyar has criticised his party's decision to ally with the TVK in Tamil Nadu, calling it 'dreadful' and 'low political opportunism'. He fears it could facilitate the entry of the BJP into Tamil Nadu's Dravidian political landscape.
India has emerged as the most impacted market within emerging economies, experiencing $3.7 billion in outflows over the past three weeks, matching the total outflows from the entire emerging market basket, as global equity funds turn negative for the first time since January 2026 due to escalating geopolitical tensions.
Police in Kolkata are investigating the murder of Chandranath Rath, a close aide of BJP leader Suvendu Adhikari. Multiple special investigation teams have been formed, and CCTV footage is being examined to trace those involved. The probe includes the possibility of contract killers being hired for the crime.
The Indian rupee depreciated by 34 paise to close at 93.78 against the US dollar, marking its third consecutive session of decline. This fall is attributed to escalating crude oil prices driven by uncertainty surrounding US-Iran peace talks and fresh attacks in the Strait of Hormuz, alongside significant foreign institutional investor outflows from domestic equity markets.
Dr Reddy's Laboratories has received approval from Health Canada to sell a generic version of the diabetes drug semaglutide, making it the first company to get market authorisation for a generic semaglutide injection in Canada and the first in a G7 country.
