Business

Coal India Ltd shares saw a sharp fall on Friday, plunging 4.2 percent to hit ₹435. This decline positioned the state-run miner as the top loser on the Nifty index, despite the broader market exhibiting strong gains. The sell-off followed the company's announcement regarding its strategy to absorb rising input costs while maintaining affordable pricing for consumers.Input Cost Surge Pressures Coal India’s Margins The core issue driving investor concern appears to be the steep rise in operational expenses. Coal India disclosed that explosives prices have surged by 44 percent, reaching ₹72,750 per metric tonne. Additionally, industrial diesel prices registered a significant jump of 54 percent, settling at ₹142 per litre.Despite these...

A mounting sense of caution from global capital is drawing attention to the Indian stock market. Recent commentary suggests that Foreign Portfolio Investors (FPIs) are pulling back from fresh allocations in Indian equities. This trend is forcing market participants to re-evaluate the primary drivers supporting domestic valuations.The market pivot is notable given the strong returns India has seen from domestic sources. Historically, FPI inflows have been a key accelerant, but current data points toward shifting global appetites.The Significance of Foreign Portfolio Investors in India's Market Cycle Foreign portfolio investors play a crucial, systemic role in shaping Indian equity markets. Their capital inflows are known to boost...

Asian equities rallied on Friday, positioning markets for their best weekly performance in over three years. The positive sentiment is underpinned by escalating hopes for de-escalation in the Middle East, particularly following Israel's efforts to initiate talks with Lebanon.The primary focus remains the status of the Strait of Hormuz, a vital energy chokepoint. Iran has cited Israel's actions in Lebanon as a sticking point in any ceasefire agreement with the U.S., which necessitates the reopening of the crucial strait through which a fifth of global energy supplies normally pass.Delegations from Tehran and Washington are scheduled to meet in Pakistan on Saturday, injecting a significant catalyst into regional stability...

New Delhi, April 10: India should prepare for geopolitical disruptions every one to two years and use the current lull in geopolitical tensions to push through long-pending structural reforms, said Neelkanth Mishra, a member of the Prime Minister's Economic Advisory Council (EAC-PM) and chief economist of Axis Bank, on Friday.The lull in hostilities offers an opportunity to "embed resilience into growth" by accelerating reforms in electrification, housing, urban infrastructure, and tourism, Mishra said.The analyst noted that volatility is now structural rather than episodic, but added that India is entering this volatile phase with stronger buffers compared to previous episodes in history."Compared to any other time in our...

New Delhi, April 10 Apple led the global smartphone market for the first time in the first quarter (Q1) of any year, achieving 21 per cent market share and 5 per cent year-over-year growth in Q1 2026, according to a report released on Friday.Apple remains the most resilient brand against the memory crisis due to its ultra-premium positioning and highly integrated supply chain, according to preliminary estimates from Counterpoint Research's Market Monitor.Strong and sustained demand for the iPhone 17 series, along with aggressive trade-in programs, combined with ecosystem stickiness, drove overall volume growth despite a softer macroeconomic environment.The brand experienced notably stronger growth in several key Asia-Pacific...

Mumbai, April 10 Global tech major Salesforce has not seen any impact of the West Asia crisis on its business in India, says the company's president and chief executive of South Asia, Arundhati Bhattacharya.The company, which focuses on sales, marketing, and customer engagement, believes that the education sector presents significant opportunities in India, the youngest country in the world."So far, things seem to be going well," she said when asked about order flow and overall business amid the West Asia conflict."Most customers, while they are aware of the need to be cautious about their investments, I don't see any of them shying away from making those investments in the technology sector," Bhattacharya told

The Securities and Exchange Board of India (SEBI) has pulled back the curtain on a massive financial deception, revealing how a broking license was allegedly weaponized to run a sophisticated Ponzi-style scheme. Investors were allegedly lured with impossible promises of assured monthly returns spanning 10-12 percent. The regulator uncovered that the core broking business was used as a smokescreen for multiple related entities.In its formal order against broker Trdez Investment Pvt Ltd, SEBI highlighted how agents misused the SEBI-registered status to build false credibility. These agents allegedly steered investors into transferring funds into the bank accounts of associated entities, such as Infinite Beacon, IB Prop Desk, and Sispay...

Mumbai, April 10 Gold exchange-traded funds (ETFs) in India experienced a sharp decline in inflows in March as net inflows into gold ETFs more than halved to ₹2,266 crore during the month, according to data released by the Association of Mutual Funds in India (AMFI) on Friday.This represents a significant drop from February, when investors had invested a net of ₹5,255 crore in these funds.The decline was due to geopolitical uncertainties, particularly surrounding tensions involving the United States and Iran, which dampened investor sentiment.Gold ETFs, which track the price of physical gold, are considered a convenient and tax-efficient investment option as they eliminate the need for storage and security concerns associated with...

New Delhi, April 10 Toyota Kirloskar Motor announced on Friday that it has entered into a partnership with Wipro 3D to establish a Centre of Excellence (CoE) in additive manufacturing at the Toyota Technical Training Institute in Bidadi.The two partners have signed a Memorandum of Understanding (MoU) for the initiative, which aims to strengthen collaboration between industry and academia while building future-ready capabilities in advanced manufacturing technologies, Toyota Kirloskar Motor (TKM) said in a statement.The CoE will serve as a dedicated platform for skill development, applied learning, and innovation, equipping students with hands-on experience in additive manufacturing and its real-world industrial applications, it...

A Hindu Undivided Family (HUF) remains a cornerstone of wealth management in India. This unique legal structure allows lineal descendants to pool resources, jointly hold property, and optimize their tax structure. The management of this intricate setup primarily rests with the karta, the head of the family.The HUF functions as a separate taxable unit under Indian law. It encompasses the common pool of resources and collective financial decision-making capacity for all lineal descendants from a common ancestor.Defining the Karta's Core Authority and Management Rights The karta holds the primary mandate to manage and represent the family in all legal and financial capacities. Traditionally, the senior-most member assumes this role as...

Government Initiates Fresh Valuation for IDBI Bank Disinvestment A senior government official has confirmed that the process for valuing IDBI Bank has been recommenced. The government will take a definitive decision regarding inviting bids only after this fresh valuation exercise is completed, which is expected to take approximately one month. This revised valuation will subsequently serve as the crucial benchmark for any potential future stake sale.The announcement signals a significant reset in the disinvestment timeline for the public sector bank. The official stated that the valuation process is ongoing, and no final decision has been taken at this juncture. Clarity on the next steps will only emerge once the valuation concludes...

Tech behemoth Oracle is making headlines as it implements significant job cuts across its workforce. The layoffs are part of a much larger restructuring, with reports indicating that thousands of employees are being let go. The company’s actions suggest a major pivot driven by its massive expansion into AI data center infrastructure.The layoffs affecting California specifically are set to impact approximately 700 workers. These departures are documented through public filings, signaling the formal commencement of the reduction in staff.Scope of Oracle Job Reductions in California The localized layoff filings in California detail the affected employee numbers across several key locations. The company is set to cut 310 workers in...

The Bank Nifty index opened with significant momentum today, spurred by strong gains across major banking institutions. While the index rallied strongly, hitting an intraday high of 55,930.45, caution remains high as the market approaches the psychological barrier of 56,000.The current sentiment hinges on whether the momentum will push for a breakout or if near-term profit-taking will assert itself. Despite ongoing geopolitical concerns and sector-specific risks, the underlying banking sector narrative remains fundamentally supportive.ICICI, HDFC Bank Lead Massive Gains in Sector Rally The Bank Nifty commenced trading robustly at 55,182.25, gaining nearly 1% from yesterday's close of 54,817. The index found support from...

Mumbai, April 10 – The National Stock Exchange of India Limited (NSE) on Friday cautioned investors and traders against dealing with unauthorized individuals offering stock market tips and guaranteed returns, citing cases involving online platforms.The exchange said it has come across a person identified as 'Nitin', operating a Telegram channel named 'Everyday Power Of Stocks', who is allegedly providing securities market tips, promising guaranteed returns, and offering account handling services to investors.In a separate case, the NSE flagged an individual named 'Satendra Dubey', associated with an entity called 'Wealth Trading', for allegedly providing illegal trading services through multiple online platforms, including a...

Equity mutual funds saw a significant surge in inflows, reaching ₹40,450 crore in March. This marks a substantial jump compared to the ₹25,978 crore recorded in February, according to the Association of Mutual Funds in India (AMFI). These strong inflows suggest sustained investor appetite for market-linked products despite ongoing volatility in equity markets.Overall Industry Flows Show Divergence Amid Debt Outflows Despite the robust performance in the equity segment, the overall mutual fund industry recorded a net outflow of ₹2.39 lakh crore in March. This contrasts sharply with the net inflows of ₹94,543 crore reported in February. The primary drag on total industry flows was significant redemption activity within the debt fund...

Impact of Geopolitical Tensions on Crude Oil Futures Oil markets experienced a sharp rally on Friday, driven by fresh anxieties surrounding oil supplies from Saudi Arabia. Tensions were further amplified by the near standstill of tanker traffic through the critical Strait of Hormuz. Brent crude futures added 96 cents, marking a 1% increase to $96.88 a barrel by 0604 GMT. West Texas Intermediate futures also rose, gaining 78 cents, or 0.80%, reaching $98.65 a barrel.Despite the upward momentum, nerves eased slightly over a fragile two-week ceasefire between the U.S. and Iran. Additionally, Israel indicated a potential diplomatic breakthrough, confirming its readiness to commence direct talks with Lebanon as soon as possible...

Capri Global Capital's shares witnessed a notable uptick, surging around 2% on the announcement of a substantial Non-Convertible Debentures (NCD) issue. The market reacted positively to the firm's plan to raise capital through this instrument, which offers attractive returns up to 9.5%.The public issue is scheduled to open on April 15 and conclude on April 28, 2026. This move positions the company to bolster its lending activities and general corporate objectives.Key Details of the ₹500 Crore NCD Offering The announcement details the launch of Tranche I of the secured, rated, listed, and redeemable NCDs. The initial public issue aggregates up to ₹5,000 million, structured with a base issue size of ₹1,000 million and a significant...

New Delhi, April 10. Kenya has adopted India’s digital public infrastructure (DPI), including UPI-style instant payments and DigiLocker-style digital document storage, to supercharge its governance structure, a new report has said.Kenya’s administrative system, plagued by bureaucratic delays and fragmented IDs, is pioneering a game-changer with Indian digital systems. This will speed up public services and boost the digital commerce of the booming African economy, according to the report from India Narrative."From 2023 to 2026, pilot projects combining UPI-style payments and DigiLocker document storage mark a bold South-South partnership, positioning Kenya as the continent’s digital vanguard while reducing red tape for everyday...

Wipro shares witnessed a decline of up to 2% following the announcement that the IT firm plans to consider a share buyback. The stock's movement suggests market reaction to the timing or structure of the potential corporate action.Market Reaction to Buyback Consideration The market reacted negatively to the news, causing Wipro's stock price to dip by up to 2%. Such movements often prompt investors to analyze the underlying rationale behind corporate announcements.The consideration of a share buyback is typically viewed as a positive signal. However, the immediate market dip indicates that investors might be questioning the specifics or the immediate impact of the plan.Understanding the Implication of Share Buybacks A corporate...

Analyzing Global Crude Oil Trends Amid Geopolitical Tensions Brent and WTI crude oil contracts have significantly declined, losing 11% this week so far. This marks the biggest weekly drop recorded since June 2025. Despite some localized surges, the broader market sentiment remains cautious.On Friday, MCX crude oil prices saw a rally of over 3%, driven by gains seen in international oil rates. This was partly fueled by ongoing supply concerns, particularly regarding tanker traffic through the vital Strait of Hormuz.The MCX crude oil price for April futures contracts opened higher by ₹ 267, translating to a 0.98% increase, starting at ₹ 9,200 per barrel. Oil prices managed to surge up to 3.23% at a high of ₹ 9,222 a barrel...