BusinessLine (Mumbai)
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 eight-month 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 2025-26, led by revenue growth and larger order bookings. Net profit increased by 28.5 per cent on a sequential basis, owing to one-o 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 2-7 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 loss-making 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 Bu ett 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 o ered 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
Layo s 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 US-Iran 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 China-led 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 e-commerce 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 Bu ett...
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Centre cuts special additional excise on petrol, diesel by ₹10
O ering 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 e ect, 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 ₹28,850-crore modified UDAN flight plan
With the Union Cabinet on Wednesday approving a ₹28,850-crore 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 de-escalation 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 actively-managed mutual fund New Fund O er (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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HDFC Bank board to meet next week on new chairman
HDFC Bank’s board of directors is scheduled to meet mid next week to take stock of the situation arising from the abrupt resignation of Part-Time Chairman Atanu Chakraborty and discuss a possible replacement for him. While HDFC Group veteran Keki...
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Sensex, Nifty crash 3.26% in biggest fall since June 2024
In their worst single-day fall since June 2024, the BSE Sensex and the Nifty50 crashed 3.3 per cent on Thursday, weighed down by a sharp sell-o 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 passenger-centric 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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Low on gas: Fertilizer shortage feared ahead of kharif season
With no end in sight to the Iran war as Tehran retaliates, India’s fertilizer industry is worried whether the country will have ample urea supplies for the coming kharif season. The season accounts for 60 per cent of annual agricultural output. One...
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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 near-halt of tra c 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 top-level...
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Crude on boil scalds markets; Sensex down 1.7%, volatility up
Markets had one of their worst single-day sello s 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 nine-month high. Risk-o sentiment also weighed...
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I-T dept’s nationwide crackdown targets restaurants in ₹70,000 crore tax scam
The Income Tax department on Sunday launched a nationwide survey at 60-70 locations to unravel a deeply entrenched software-based network that restaurants across States and Union Territories are using for massive tax evasion. The Central Board of...
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‘US trade deal under review; to take 3-4 more months’
The March deadline for the India-US trade deal will be set aside and it may take another three-four months to reassess the situation and conclude the deal after the US Supreme Court struck down the taris imposed under the International Emergency...
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Karnataka, AP propose to ban social media use by children
Karnataka and Andhra Pradesh propose to ban use of social media by children. Karnataka becomes the first State to move towards restricting social media use for children under 16 as part of its 2026-27 Budget. Chief Minister Siddaramaiah announced the...
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Enough LNG stocks now, but India will ration gas if disruption persists
India is currently “comfortable” with stocks of natural gas and the arrangements being made to procure LNG from Australia and Canada. However, if required, the government will “re-prioritise” allocation, with the fertilizer industry and city gas...
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Markets take a hit on rising crude prices, supply concerns
It was a brutal Wednesday for the markets as escalating hostilities in West Asia triggered a broad risk-o selling. Though the markets made a late-hour recovery due to a positive opening in European stocks, it was not enough to change the broad...
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Iran war: India has 50 days of crude, fuel stocks, says govt
The government is actively reviewing the conflict scenario in West Asia, top government o cials said on Tuesday, adding that India has crude oil stocks for 25 days and an equal volume of refined petroleum products stocks, which is su cient to address...
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Iran war raises fears of oil supply, price shock for India
The killing of Iran’s Supreme Leader Ayatollah Khamenei by Israel and the United States, and Iran’s retaliatory attacks against Israel and civilian and military targets in in the Gulf, have raised fears of disruption in India’s oil supplies and a...
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IT slump pushes 3-year SIP returns into red
The relentless selloff in Indian IT stocks has begun to materially impact systematic investment plan (SIP) outcomes of sectorfocussed mutual funds. A bl.portfolio analysis of actively managed IT funds shows that, as of late February, 3year SIP...
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Women power — cultivating success through collectives
Their stories of how they ignored taunts, balanced housework and care duties and trained to become successful farmers brought the audience up on its feet to give a standing ovation. When Aruna Debbarma, a Lakhpati Didi from Tripura under the Tripura...
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Compensate content creators: IT Minister to online platforms
Digital platforms must ensure fair revenue share with news publishers and content creators, Union IT Minister Ashwini Vaishnaw said on Thursday. If this is not done voluntarily, there are clear legal pathways, already shown by other countries, to...
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India’s solar manufacturers unfazed by US’ 126% tariff
The US Department of Commerce has announced a steep 125.8 per cent countervailing duty on solar cells and modules imported from India (and Indonesia and Laos) as a preliminary measure pending final determination. Indian manufacturers have, however,...
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Tata Sons board defers call on Chandra’s 3rd term as chairman
The Tata Sons board on Tuesday deferred a decision to reappoint Tata Sons’ Chairman N Chandrasekaran for a third term after some members, including Noel Tata, expressed their reservations. “I recommended that it should be deferred because of request...
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IDFC First Bank appoints KPMG to probe ₹590 cr fraud
IDFC First Bank on Monday said it has appointed KPMG as the forensic auditor to investigate the ₹590 crore fraud at its Chandigarh branch, involving Haryana government accounts. The bank’s MD and CEO, V Vaidyanathan, said the lender will “spare no...
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SEBI board meet on Mar 23 may review conflict of interest rules
The Securities and Exchange Board of India (SEBI) board meeting scheduled for March 23 is expected to discuss the conflict of interest framework for senior ocials again, along with likely proposals on netting of funds for foreign portfolio investor...
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Trump ups tariff to 15%, a day after levying 10% post SC ruling
The US reciprocal tariffs of 18 per cent on Indian goods, established under the framework IndiaUS interim trade deal, have been invalidated following a Friday ruling by the US Supreme Court striking down President Donald Trump’s “illegal” tariffs. In...
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In 6-3 ruling, US Supreme Court strikes down Trump’s global tariffs
The US Supreme Court on Friday struck down President Donald Trump’s sweeping tari s that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications...
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Tech titans hail India as emerging AI rule-maker
The AI Summit on Thursday saw the cream of global tech titans celebrate India’s progress in artificial intelligence with CEOs highlighting India’s role as not just a power user of AI, but also a rule maker demonstrating how AI can be used to achieve...
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Sarvam AI unveils two home-grown large AI models
Sarvam AI on Tuesday unveiled two new large language models (LLMs) at the India AI Summit — a 30-billionand a 105-billion-parameter model — both outperforming comparable models in their respective size categories on key benchmarks. In April 2025, the...
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India’s sovereign push gathers pace as local firms roll out AI models
India’s push for sovereign AI took concrete shape on Tuesday as BharatGen, Gnani.ai and Sarvam unveiled new models spanning language, voice and realworld interfaces, signalling a shift from being a user of global artificial intelligence tools to...
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Nifty50 firms take ₹13,000 cr hit in Q3 on new Labour Codes
The implementation of the new Labour Codes from November 21, 2025, resulted in companies having to make large one-time adjustments in their books in the third quarter of FY26 to increase the reserves maintained for employees’ social security...
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Religare to split financial services, insurance biz into 2 listed entities
The Burman family-backed Religare Enterprises (REL) has approved a plan to demerge the financial services and insurance businesses into separate listed entities, in a move aimed at unlocking shareholder value and sharpening strategic focus. The...
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‘Needle hunting’ starts pricking stock investors
Index fund pioneer John Bogle’s famous line about buying the haystack, instead of hunting for the needle, feels like a cliché in bull markets. But in the last 12 months or so, stock investors searching for the needle felt the prick as the odds flipped...
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Bank credit, deposit rebound signal economic momentum
A robust pick-up in credit and deposits in the last fortnight of January indicates that the Indian economy is gathering steam, shrugging o headwinds arising from higher US tari s, global trade fragmentation and geopolitical tensions. Credit and...
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DAC clears ₹3.25 lakh crore deal for 114 Rafale fighter jets
The ₹3.25 lakh crore deal to acquire 114 Rafale fighter aircraft from France’s Dassault Aviation, set to be India’s biggest-ever defence purchase, advanced to its next stage on Thursday after the Defence Acquisition Council (DAC) cleared it ahead of...
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India’s first LLM takes shape as Sarvam expands AI stack
India’s e ort to build a sovereign Large Language Model has moved from promise to platform, with Bengalurubased Sarvam AI unveiling the country’s most ambitious push yet to create an indigenous AI stack even as global giants race ahead on scale. Ahead...
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US pushes India to remove digital tax, ease e-trade rules
The US has upped the ante on India’s digital and energy policies as the two countries work towards finalising the bilateral trade deal. The White House put out a factsheet on the bilateral trade deal on Monday, noting that India will remove its...
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Chronicling the journey of India’s pharma industry
From the need to take bold decisions, including making an early entry into the biological products segment, to pushing for greater ‘acceptability’ of Indian medicines in the domestic market, founders and promoter-family members from top domestic...
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‘Every trade deal provides for a re-balancing of concessions’
Union Commerce Minister Piyush Goyal declined to spell out the specifics of the American claim that India committed to stop purchasing Russian oil as part of the India-US framework interim trade agreement, even as it emerged that Washington could...
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Trump cuts duty on slew of goods from India; New Delhi reciprocates
New Delhi In a major relief for India’s exporters, the US has halved tariffs on labourintensive Indian goods — including textiles, leather, footwear and plastics — to 25 per cent through an executive order issued on Friday. Washington has also agreed...
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MPC holds repo rate on favourable growth and inflation outlook Budget heralds a new era of ‘competitive indigenisation’
The RBI’s Monetary Policy Committee, as widely expected, voted unanimously for a status quo on the repo rate amid a favourable growth outlook and low underlying inflation. Further, in an indication that interest rates in the economy may have bottomed...
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India-US trade pact timeline set; first tranche in 4-5 days
India on Thursday established a definitive timeline for its high-stakes Bilateral Trade Agreement (BTA) with the US. On the sidelines of a GCC event, Commerce Minister Piyush Goyal said the two sides will sign a joint statement on the first tranche of...
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Tech stocks tank as Anthropic AI tools raise questions on SaaS model
Fears that agentic AI tools, such as Anthropic’s Claude Cowork plug-ins, could automate core enterprise processes and disrupt the traditional SaaS model triggered a sharp sell-o in global tech stocks, including US software majors, and wiped out over ₹2...
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Our deal with US better than that of competitors: Goyal
India has secured a better trade deal than its global competitors with the United States, leveraging Prime Minister Narendra Modi’s rapport with President Donald Trump, to slash reciprocal tari s from 50 per cent to 18 per cent, said Commerce Minister...
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If you profit from secondary market SGB deal, govt deserves its share: FM
Finance Minister Nirmala Sitharaman firmly defended the new taxation regime for Sovereign Gold Bonds and the increased Securities Transaction Tax on futures and options (F&O). Talking to businessline on Monday, in her first postBudget interview, she...
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FM Sitharaman takes a shot at the future
Finance Minister Nirmala Sitharaman faced a challenge while framing the Budget for 2026-27. With tax reforms all done in recent times, what was it that she could do new this year? She turned to the future. Laden with intent, some backed with resource...
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Fiscal prudence: India holds the line, others slip
As the Finance Minister readies to present the Budget for FY27 on Sunday, all eyes will be on the fiscal deficit number. In this context it would be worth revisiting the contrasting fiscal trajectories that have emerged over the past few years, wherein...
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Crashing gold, silver drag ETFs down as investors book profits
The precious metals complex plunged on Friday with investors booking profits as they saw no more confrontation between US President Donald Trump and the Fed. Over the past few weeks, investors switched to gold from currencies and bonds seeing a threat...
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India is an oasis of stability in a turbulent world: Economic Survey
The Economic Survey on Thursday underscored India’s strongest economic performance in decades, projecting GDP growth for 2026-27 at 6.8-7.2 per cent at a time when the global system no longer rewards economic success with currency stability, assured...
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FTA: India sets up guardrails against EU’s green measures
India’s strategic inclusion of a rapid response mechanism (RRM) and a non-violation complaints (NVC) provision in the India-EU Free Trade Agreement is extremely significant in the context of regulations, such as the EU’s Carbon Border Adjustment...
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India-EU ‘mother of all’ trade deals signals an era of shared prosperity
India and the European Union clinched a landmark free trade agreement (FTA), hailed by leaders as the ‘mother of all trade deals’, which is set to boost shipment of labour-intensive Indian goods by eliminating taris on 90 per cent of exports (by value)...
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Govt plans Fertilizer Mission to cut imports, chemical use
The government is likely to announce a ‘Mission on Fertilizers’ in the upcoming Budget. The mission is aimed at reducing the use of chemical fertilizers and cutting the subsidy bill. Sources said the mission may also include incentives to promote...
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Nifty 500 ranks lowest globally in dividends
Over the past two decades, India’s equity market has recorded the lowest average dividend yield among major global markets. Bloomberg data show that the 20year average dividend yield yearonyear for Nifty 500 constituents stood at just 1.3 per cent —...
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Stocks slump on FPI selling spree; rupee hits a new low
Equity benchmarks closed sharply lower with the Sensex and Nifty 50 shedding 2.4-2.5 per cent for the week, even as the broader markets su ered the steepest weekly fall in four months, while the rupee crashed to a new low on Friday. The pain in the...
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