BusinessLine (Kolkata)
Nifty 50’s long-term historical performance reassures FPIs ‘don’t write me off just yet’
When times are tough, it gets even tougher when compared with betterperforming players. Indian markets are exactly in that spot today, as demanding valuations, impact on earnings growth from geopolitical turmoil, lack of good AI plays, and currency...
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RBI transfers record surplus of ₹2.87 lakh crore to Centre
The Central Board of the Reserve Bank of India on Friday approved a record surplus transfer of ₹2.87 lakh crore to the Central government for FY26. Last year, the reserve bank had transferred ₹2.69lakh crore. “Despite the hefty dividend, markets may...
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Labour Code reset triggers take-home salary concerns
As companies begin to align employee pay structures with the new Labour Codes, the impact on takehome pay is emerging as the biggest discussion point within India Inc, more so in the appraisal season. Companies are realising that clear communication...
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PSBs step up hiring of apprentices to cut costs
The hiring priorities of public sector banks are undergoing a structural shift, with graduate apprentices emerging as a lowcost choice, partly substituting the muchcoveted regular clerical positions. Data on recent recruitment trends show that banks...
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Governance cloud dogs Tata stocks; ₹10 lakh crore lost since Sept 2024
Continuing governance and successionrelated uncertainty within the Tata Group has begun to weigh visibly on investor sentiment, with listed Tata companies losing nearly ₹10 lakh crore in market value since Ratan Tata died in October 2024. Data...
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New global test norms may raise car prices, lower mileage
Car buyers may soon face a double blow: Lower certified mileage or electric vehiclerange figures and higher vehicle prices, even when the vehicles remain mechanically unchanged. From April 1, 2027, India plans to replace the current Modified Indian...
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India looks at Oman to reroute $11.8 b food exports to W. Asia
Amid the prolonged conflict rattling West Asia, India is looking to Oman for continuation of its trade in essential foods, such as rice, meat, poultry, dairy, fruits and vegetables, with the broader region by routing shipments through Omani ports and...
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Not just gold, love for equities too adds to BoP stress
When it rains, it pours. That seems to be the challenge India is facing on the balance of payments (BoP) front. While the situation remains manageable given the economy’s inherent strengths and India’s historical resilience, the pressures building on...
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Inox Clean buys US solar assets of China’s Boway Group for $750 m
Inox Clean Energy Ltd, INOXGFL Group’s renewable energy arm, has acquired the US solar manufacturing assets of Boviet Solar Technology LLC, part of China’s Boway Group, for about $750 million (₹7,175 crore). The deal, executed through its whollyowned...
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Govt raises import duty on gold, silver, platinum to conserve forex
Days after Prime Minister Narendra Modi urged citizens to defer gold purchases for a year as part of a broader national effort to conserve foreign exchange, the government on Wednesday sharply increased the import duty on precious metals amid concerns...
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April retail inflation hits 14-month high of 3.48%
Driven by a sustained rally in gold and silver prices, retail inflation accelerated for the sixth consecutive month to a 14month high 3.48 per cent in April. Yet, the print remains comfortably below the RBI’s 4 per cent target, strengthening the case...
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Modi repeats call for reducing imports amid global turmoil
A day after asking people to reduce consumption of petrol, diesel and other commodities, Prime Minister Narendra Modi again issued an appeal to citizens to support the government’s efforts to combat global economic disruptions by consciously reducing...
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India plans UPI-style common network for EV charging
India is attempting to do for electricvehicle charging what the Unified Payments Interface (UPI) did for digital payments: Create a common network where any EV owner can locate, access and pay at any public charging station regardless of the...
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India Inc’s Q4 weathers geopolitical storm
While India Inc had to contend with the impact of the West Asia conflict for nearly onethird of Q4FY26 (the month of March), higher volumes helped offset cost pressures. For the quarter, India Inc delivered healthy revenue and adjusted PAT growth...
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US trade court junks 10% Trump tariff; India gets edge in BTA talks
The US Court of International Trade has ruled against President Donald Trump’s 10 per cent global tariff imposed on all trade partners, including India. The move, which will bring down import levies in the US to the basic MFN (most favoured nation)...
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Herbicide Paraquat Dichloride faces ban over severe toxicity
The Centre is set to impose a nationwide ban on Paraquat Dichloride, a widely used herbicide. This comes after an expert panel reviewed evidence linking the chemical to fatal poisoning, kidney failure, lung fibrosis and Parkinson’s disease. The move...
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Markets recover as crude oil cools on W. Asia peace hope
Hopes of peace in West Asia, even if only fragile, were enough to change the mood on Dalal Street on Wednesday, as a single report of a potential US-Iran breakthrough cooled crude prices, nudging investors back into risk assets. Equities rallied, the...
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AI trims international flights in May as rising ATF costs bite
The Tata Grouppromoted Air India has reduced flight frequencies across several key international routes for May, with reductions of 5 per cent on some routes and up to 25 per cent on others, industry sources told businessline. The move comes as oil...
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Shock verdict in Tamil Nadu; BJP storms Bengal, holds Assam; UDF returns in Kerala
The Assembly election results on Monday delivered major upsets in West Bengal and Tamil Nadu, where incumbents were routed by a mix of traditional rivals and surprise challengers, signalling a sharp churn in key regional strongholds. Prime Minister...
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Banks may sell written-off loans to fund new ECL norms
Sale of a portion of the huge pile of technical writeoff accounts to asset reconstruction companies (ARCs) could emerge as a linchpin for banks to unlock funds to make provisions for loans under the ECL (expected credit loss)based regime, which will...
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Buying the dip? This bull run has offered shallow ones
Indian investors have been relentless dipbuyers in recent years. Every bout of market weakness is seen as an opportunity to add equities, top up SIPs or deploy idle cash. But an uncomfortable detail remains hidden in the data: In the current bull...
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India moves to secure energy fleet with ₹51,000crore vessel acquisition plan
Amid disruptions linked to the West Asia conflict, India is moving to secure its energy shipping fleet, placing maritime capacity at the centre of economic resilience. Staterun oil and shipping companies are lining up a largescale vessel acquisition...
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Exit polls 2026: Divided on Bengal; see incumbents holding ground in Assam, Tamil Nadu; predict UDF comeback in Kerala
Exit polls at the end of last round of polling in West Bengal gave a divided verdict for the eastern state while largely presenting continuity for incumbents in Tamil Nadu and Assam. In Kerala, the polls saw the pendulum swinging back to the...
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SEBI weighs uniform regime for options strike prices
The Securities and Exchange Board of India (SEBI) is evaluating a proposal to introduce a uniform framework for managing options strike prices, including the possibility of allowing exchanges to add new strikes during market hours, according to people...
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In mega deal, Sun Pharma to acquire US-based Organon for $11.75 b cash
Sun Pharmaceutical Industries has inked an agreement with USbased Organon & Co to script the largest overseas buy for the Indian drugmaker, and also the domestic pharmaceutical industry. Sun is set to acquire all outstanding shares of Organon for $14...
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India may close FY26 with gross FDI of more than $90 b: CEA
Chief Economic Advisor V Anantha Nageswaran has estimated that gross foreign direct investment (FDI) in FY26 will exceed $90 billion. “FDI in the AprilFebruary period has exceeded $88 billion, and there is one more month in the year. Going by this...
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Peak-cycle buybacks haunt India’s IT giants
Infosys shares’ 7 per cent fall on Friday to a fiveyear low was a fresh reminder that the market lacks confidence in any nearterm turnaround for the Indian IT companies. It also sends a clear message not just to the investors who thought IT stocks...
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Sapped by energy business, Reliance Ind Q4 net dips 12.6%
Reliance Industries reported a 12.6 per cent fall in consolidated net profit in the fourth, or March, quarter of FY26, falling well short of analyst estimates, due to a weakness in its energy businesses, which offset strong earnings growth in digital...
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Infosys guides for 1.5-3.5% revenue growth in FY27
Infosys delivered a steady performance for the quarter ended March as its revenue rose to ₹46,402 crore, up 13.4 per cent yearonyear (yoy), 4.1 per cent in constant currency (cc) and 2 per cent quarteronquarter (qoq) (1.3 per cent in cc). Net...
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AI mulls 15-20% flight cuts on fuel cost, operational hurdles
After reportedly posting a loss of around ₹20,000 crore ($2.4 billion) in FY26, the Tata Groupled Air India is planning to curtail operations amid rising jet fuel prices and operational challenges, industry sources told businessline. According to the...
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Amazon deepens AI push with $25-b Anthropic bet
At a time when Anthropic’s Claude is gaining ground among enterprise users, Amazon has announced plans to invest around $25 billion in the AI major. The deal, which signals Amazon’s aggressive push into AI, includes $5 billion immediate investment in...
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SBI targets ‘balance-sheet size of 25% of India’s GDP by 2030’
India’s biggest bank wants to grow even bigger. State Bank of India (SBI) plans to expand its balancesheet to about 25 per cent of the country’s GDP by 2030 from about 20 per cent now. The stateowned bank, which has been doubling its balancesheet...
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PIL alleges breach of trusteeship norms in Sir Ratan Tata Trust
The battle over control of the Tata Trusts has acquired yet another dimension with a public interest litigation filed by a lawyer with the Charity Commissioner, Mumbai, on Saturday, drawing his attention to a violation in the matter of lifetime...
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The golden trade is not yet crowded
Till recently every geopolitical scare, dollar wobble and equitymarket stumble pushed gold higher, taking it to record highs of $5,417 an ounce and ₹1.75 lakh per 10 gm by endJanuary. The subsequent correction — about 11 per cent in dollar terms and...
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Women’s Reservation Bill defeated in LS, fails to get two-thirds majority
The Constitution (131st Amendment) Bill, 2026, seeking 33 per cent reservation for women in Parliament and the State Assemblies, was defeated in the Lok Sabha on Friday evening as the government’s lastditch effort to push it by promising an amendment...
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No injustice to the South in delimitation process: PM
Prime Minister Narendra Modi on Thursday allayed concerns of the Opposition as he gave a “guarantee” that the three Bills aimed at advancing 33 per cent reservation for women in Parliament and the State Assemblies, based on the 2011 Census, would not...
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Mehli Mistry seeks appointment of administrator in Sir Dorabji Tata Trust
Mehli Mistry, who stepped down from the Tata Trusts as a trustee in November last year after being denied reappointment, has alleged grave illegalities in the administration of the Sir Dorabji Tata Trust (SDTT) and prayed for the appointment of an...
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India may go slow on trade deal till US mid-term polls
India is likely to play for time in its trade talks with the US when negotiators meet in Washington soon, as it looks to the upcoming US midterm elections to provide clarity on the American legislative landscape, sources have said. Following the US...
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IMD forecasts ‘below normal’ monsoon as El Nino risk builds
The SouthWest monsoon, which accounts for 75 per cent of the country’s annual rainfall of 116 cm, is likely to be “below normal” this year. It will quantitatively be 92 per cent of the long period average (LPA) of 87 cm, said M Ravichandran,...
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Draft CAFE-3 norms: Govt eases penalties, shifts to carbon credits
The government has proposed a more flexible compliance framework under the draft Corporate Average Fuel Efficiency3 (CAFE3) norms, easing penalties and allowing automakers to trade carbon credits to meet emission targets, sources told...
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Markets’ dilemma: Trust the bark or wag of oil prices
The spot oil market is barking loudly. Last week it rallied to an alltime high of $144.46/ barrel — levels not seen even during the frenzied rally of 200708 or the spike during the RussiaUkraine war. Ideally that should scare stock market investors...
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Despite a wobbly market, SIP flows hit record high in March
Record inflows via systematic investment plans (SIPs) pushed the overall investments in equity MFs to an eightmonth high in March despite markets wobbling as the West Asia war raged on. Continued investments by retail investors saw SIP inflows rise 8...
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TCS Q4 net up 12% on AI-led revenue growth, order book
Tata Consultancy Services’ net profit rose 12 per cent to ₹13,784 crore for the fourth quarter of 202526, led by revenue growth and larger order bookings. Net profit increased by 28.5 per cent on a sequential basis, owing to oneoff expenses in the...
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Benchmarks skyrocket 3.8% as markets cheer Iran-US ceasefire
The equity benchmarks soared over 3.8 per cent on Wednesday after a lastminute ceasefire between the US and Iran triggered a global rally and sent crude oil prices tumbling. Major equities across the globe surged 27 per cent, with Korea’s Kospi...
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Chandra may not seek 3rd term as Tata Sons Chairman
Tata Sons Chairman N Chandrasekaran may not offer to helm the conglomerate for a third term, sources said, though he will be drawing up a detailed plan for the future growth trajectory of the group and setting out timelines for lossmaking entities...
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Wipro bags $1 b Olam deal, buys IT arm Mindsprint for $375 m
Wipro has acquired Mindsprint as part of a $1 billionplus transformation deal with the Olam Group, seeking to lock in long-term, annuity-style revenue and deepen domain capabilities. Analysts said this signals a shift towards large, outcome-led...
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Banks seek RBI relief as rising yields hit G-Secs
Banks have knocked on the Reserve Bank of India’s door, seeking relaxation to spread the provisioning they will need to make for the losses incurred by their bond portfolio due to substantial hardening of yields in the fourth quarter (Q4) of...
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OFS switch erodes ₹95,000 crore of investor wealth
“By shamelessly merchandising birdless bushes, promoters have in recent years moved billions of dollars from the pockets of the public to their own purses...” Warren Buffett wrote those lines in his annual letter to Berkshire Hathaway shareholders amid...
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Russia offers India top up of crude, fertilizers and LNG
Russia has offered to step up energy trade with India by supplying more crude oil and fertilizers at a time when the world’s thirdlargest energy consumer is exploring alternatives to meet the oil and gas deficit created by the West Asia...
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Rupee leaps 173 paise on RBI intervention
The rupee started the new financial year (FY27) with a bang thanks to the RBI’s two recent measures — capping the net open position limits and tightening forex derivative rules — to curb speculative pressure on the domestic currency. The central...
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Oracle cuts 12,000 India jobs in global AI-led restructuring drive
Layoffs continue to plague the IT sector, with Oracle Corporation cutting around 12,000 jobs in India as part of a sweeping global restructuring tied to its AI infrastructure push. This accounts for roughly 40 per cent of a broader global reduction of...
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RBI defers capital market exposure norms to July 1
The Reserve Bank of India has deferred the implementation of its revised capital market exposure norms by three months to July 1, while giving key clarifications to address industry concerns around acquisition financing and lending to market...
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Equities end FY26 with their weakest showing in 6 years
Markets ended the final session of FY26 sharply lower on Monday, with the Nifty 50 falling 488 points or 2.14 per cent — marking a loss of 5.05 per cent for the full financial year — as the USIran conflict entered its fifth week without any credible...
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India bats to shield WTO’s core mandates at Yaoundé meet
India successfully stalled the Chinaled investment facilitation for development (IFD) agreement at the WTO’s 14th Ministerial Conference (MC14) at Yaoundé, Cameroon, but found itself on the defensive as negotiations over the ecommerce tax moratorium...
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Are consistent compounders in for a lost decade?
“No economics textbook I know that was written in the first couple of thousand years discussed even the possibility that you could have this sort of situation continue and have all variables stay more or less the same,” investing legend Warren Buffett...
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Centre cuts special additional excise on petrol, diesel by ₹10
Offering relief to oil marketing companies amid rising crude oil prices due to the West Asia conflict, the Finance Ministry on Friday reduced the special additional excise duty (SAED) on petrol and diesel by ₹10 per litre with immediate effect, while...
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SEBI lens on HDFC Bank after Chakraborty’s exit
The Securities and Exchange Board of India (SEBI) has begun a review of the HDFC Bank episode, with the focus initially on disclosure hygiene, which could widen into a broader governance probe if the resignation of former Chairman Atanu Chakraborty...
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Centre clears ₹28,850crore modified UDAN flight plan
With the Union Cabinet on Wednesday approving a ₹28,850crore modified UDAN, India is set to expand its aviation network through the next iteration of the Regional Connectivity Scheme. businessline was the first to report on the proposed revamp of the...
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PM sets up 7 groups to deal with fuel, fertilizer supply
Prime Minister Narendra Modi on Tuesday laid bare the “grave” and “serious” consequences of the West Asia war before the Rajya Sabha, outlining a multilayered response to tackle the emerging global energy shock and safeguard supplies of critical...
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Equities, gold rebound, oil falls as Trump halts Iran strikes for 5 days
A possible deescalation in the West Asia conflict rippled through markets, with oil falling and stocks rising as US President Donald Trump said he would postpone strikes on Iranian energy infrastructure after what he described as productive talks...
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Beyond ESOPs: Executive compensation set for upgrade
India’s corporate compensation structures are set to move closer to global standards, with the government proposing to allow companies to grant restricted stock units (RSUs) and stock appreciation rights (SARs), alongside employee stock option plans...
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50% of actively-managed equity NFOs underperformed in bull run from 2020
Every activelymanaged mutual fund New Fund Offer (NFO) comes with a simple pitch: Pay a higher fee than an index fund and outperform the market. But has that promise been kept? A bl.portfolio analysis of 275 active equity fund NFOs launched between...
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Sensex, Nifty crash 3.26% in biggest fall since June 2024
In their worst singleday fall since June 2024, the BSE Sensex and the Nifty50 crashed 3.3 per cent on Thursday, weighed down by a sharp selloff in HDFC Bank, a spike in crude prices and the hawkish stance of the US Federal Reserve. The Sensex fell...
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Govt mandates 60% seats on flights to be free of selection fee
In a passengercentric move, the Centre has directed airlines to ensure that a minimum of 60 per cent of seats on flights are made available without any additional charge (seat selection fee), while also requiring carriers to seat passengers travelling...
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‘$130 crude over 2-3 quarters can trim India’s GDP growth by 100 bps’
If crude prices remain at $130 a barrel for 23 quarters, GDP growth could be impacted by 100 bps, Chief Economic Advisor V Anantha Nageswaran has told a parliamentary panel. India can sustain its growth momentum if the prices are around $90 a barrel,...
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Bajaj Auto mulls EV expansion out of Maharashtra on sops row
Bajaj Auto is contemplating moving a part of its electric vehicle (EV) manufacturing out of Maharashtra and allocating future EV investments to other States following a disagreement with the State government over nearly ₹75 crore in unpaid subsidies...
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Prolonged West Asia crisis deals multiple blows to exporters
The prolonged West Asia crisis and the nearhalt of traffic through the Strait of Hormuz and other Gulf shipping lanes have triggered widespread disruption for Indian exporters, with industry estimates suggesting that nearly 70 per cent of outbound...
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How gold has stocks for breakfast
If Indian equities are supposed to reward patience, gold, often lampooned as a 'dead' asset, has spent the last decade mocking that promise. In the one year to March 13, 2026, gold (MCX spot prices) returned 82.86 per cent. Out of roughly 1,134...
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Key indices lose 5.5% in worst week in 15 months as oil surges
Markets capped their worst week in over 15 months on Friday, with investors losing about ₹20 lakh crore in market capitalisation over five sessions as the US/IsraelIran conflict drove crude oil past $100 per barrel and pushed the rupee to an alltime...
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Govt to ensure commercial units get 20% of LPG demand
Even as the fuel crisis caused by the West Asia war disrupts food services at restaurants, corporate campuses and large events across the country, Petroleum Minister Hardeep Singh Puri told the Lok Sabha on Thursday that commercial establishments will...
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Trump announces first US refinery in 50 years with Reliance on board
US President Donald Trump said America First Refining was opening the first US oil refinery in 50 years in Texas, and indicated that India’s Reliance Industries would also be investing in it. In a post on social media platform Truth Social, Trump...
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Centre secures 1 mt LPG from US to bridge W. Asia supply gap
The government has arranged around one million tonnes (mt) of liquefied petroleum gas (LPG) cargoes, mostly from the US, to meet the demand for the key cooking fuel used by more than 330 million consumers. The proactive measure accompanied toplevel...
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Crude on boil scalds markets; Sensex down 1.7%, volatility up
Markets had one of their worst singleday selloffs on Monday as a spike in crude oil prices, triggered by the escalating US/Israel–Iran conflict, sent benchmark indices tumbling and pushed volatility to a ninemonth high. Riskoff sentiment also...
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IT dept’s nationwide crackdown targets restaurants in ₹70,000 crore tax scam
The Income Tax department on Sunday launched a nationwide survey at 6070 locations to unravel a deeply entrenched softwarebased network that restaurants across States and Union Territories are using for massive tax evasion. The Central Board of...
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