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For the first time in 10 months, central banks turned net sellers of gold in March, data from the World Gold Council (WGC) showed. Led by Turkey and Russia, central banks sold a net of nearly 30 tonnes of gold, offsetting purchases by other banks worldwide, according to Marissa Salim, Senior Research Lead, Asia Pacific […]

Management flagged an estimated cost headwind of ₹400–500 crore over the next two to three quarters, stemming from West Asia-linked supply disruptions, input cost inflation, and rupee pressure. Shares of United Breweries Limited touched a fresh 52-week low of ₹1,382 in early trade on Wednesday, sliding over 3.5 per cent to ₹1,402 as of 11.39 […]

The National Stock Exchange of India (NSE) reported a 19 per cent quarter-on-quarter rise in consolidated net profit for the March quarter of FY26 at ₹2,871 crore, supported by robust trading activity in the equity and derivatives segments. Total income for the quarter increased 22 per cent sequentially to ₹5,360 crore from ₹4,395 crore, while […]

Oil rose on signs of heightened tensions in the Strait of Hormuz as Iran attacked a tanker with drones and the US said it’s working to evacuate stranded ships through the vital waterway.   Brent spiked more than 5 per cent to trade above $114 a barrel, before paring some of the gain as prices fluctuated […]

CLSA on Indus Tower High Conviction O-Pm TP Rs 580 4Q core revenue of Rs53bn was up 5% YoY/1% QoQ & core Ebitda adjusted for collections of past overdues was up 6% YoY/ flat QoQ, both in line with our estimates. 4Q net tenancy additions were 6,192 and it added 4,892 towers to 264,514 total, […]

OPEC+ is formally pressing on with the process of restoring output halted several years ago, which had been in progress before the outbreak of war. | Photo Credit: Leonhard Foeger Major OPEC+ nations agreed a modest and symbolic increase in their June production quota levels, as the group sends a business-as-usual message following the surprise […]

The Board of Directors has recommended a final dividend of ₹12.75 per equity share of the face value of ₹10 per share for 2025-26, CDSL said. Central Depository Services (India) Ltd on Saturday said its consolidated net profit stood at ₹80 crore in the March quarter of 2025-26 against ₹100 crore in the year-ago period. […]

Foreign portfolio investors remained net sellers in Indian markets, withdrawing ₹13,944.59 crore during a shortened trading week, with equities bearing the brunt. | Photo Credit: Dado Ruvic Foreign portfolio investors (FPIs) remained net sellers in Indian markets for the shortened trading week ending April 30, 2026, pulling out a total of ₹13,944.59 crore across equity, […]

InGovern pointed out that Tata Sons’ cross‑holdings — roughly 13–14% held by listed Tata group companies such as Tata Steel, Tata Motors and Tata Power — created a permanent “look‑through” link to public funds. | Photo Credit: ANUSHREE FADNAVIS Proxy advisory firm InGovern Research Services has urged the Reserve Bank of India (RBI) to reject […]

Gold prices were largely steady ⁠in thin trading on Friday, but were headed for a weekly decline, pressured by higher oil prices that have stoked inflation concerns and reinforced expectations of ‌higher-for-longer interest rates. Spot gold eased 0.1 per cent to $4,614.98 per ounce as of 0436 GMT, and was on track for a ‌weekly […]