State-run fuel retailers will not receive government financial backing for losses arising from the sale of petrol, diesel and aviation turbine fuel (ATF) below cost, with the Centre confirming that no such proposal is under consideration.The three public sector oil marketing companies: Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation…
Kiran Mazumdar-Shaw, Biocon’s founder and chairperson, has identified her niece, Claire Mazumdar, as the future leader. Kiran Mazumdar-Shaw, Biocon’s founder and chairperson, has reportedly put in place a structured succession plan for the biotechnology firm, identifying her niece, Claire Mazumdar, as the future leader.Having built Biocon over more than four decades and without a direct…
Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…
Gold price prediction today: Gold prices are expected to continue seeing volatility in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Bernstein has a market perform rating on Kotak Bank with the target price at Rs 500. Analysts said Kotak Bank closed FY26 on a strong note, with a beat across most operating metrics. The lender’s net interest margin expanded about 13 basis points (100 basis points = 1 percentage point) on the quarter (QoQ), the…
Rupee tumbled to a record low of 95.40 against US dollar in early trade on Tuesday, falling another 17 paise after already ending the previous session at its weakest-ever closing mark. Previously on Monday, the currency had declined sharply by 39 paise to close at 95.23 against the greenback.This comes as global uncertainty continues to…
The Indian rupee depreciated for the fifth consecutive day, falling 24 paise to 94.25 against the US dollar. MUMBAI: The rupee closed at a record low of 95.09 against the US dollar on Monday, falling 18 paise from the previous close, as strong dollar demand from corporates and rising crude oil prices weighed on sentiment.Other…
Top stocks to buy or sell today (AI image) Stock market recommendations: While Lupin, and KEI Industries are recommended as buy calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, Bharat Forge, and Punjab National Bank are seen as sell calls for May 5, 2026:Lupin: Buy in the range between Rs 2349…
MUMBAI: Venu Srinivasan, chairman emeritus of TVS Motor, and Vijay Singh, a former bureaucrat, are set to step down as trustees of the Tata Education and Development Trust (TEDT) from May 11, after fellow trustee Mehli Mistry voted against their reappointments.Trust rules require unanimous consent from all trustees for a reappointment. The departures mark the…
