The Indian rupee weakened significantly on Tuesday, closing at 94.54 against the US dollar. Rising oil prices and strong dollar demand from importers pressured the currency. Traders noted the Reserve Bank of India likely intervened to curb further losses. Elevated oil prices and global trade uncertainties are creating a negative sentiment for the rupee.Read More
Reliance Industries has achieved a historic milestone. The company has become the first Indian firm to report an annual net profit exceeding $10 billion. This significant financial achievement underscores Reliance’s immense growth and market dominance. The oil-to-retail giant’s performance surpasses the combined profits of major IT companies, highlighting its exceptional financial strength.Read More
India’s top company rankings show stability at the very top. Reliance Industries remains the most valuable. HDFC Bank has overtaken Tata Consultancy Services. Bharti Airtel is a significant gainer, entering the top tier. Infosys has seen a decline in its ranking. ICICI Bank is consistent. State Bank of India shows upward trends with volatility.Read More
Dhanlaxmi Bank’s net profit surged 50% to ₹43.5 crore in Q4 FY26, with operating profit reaching ₹113.7 crore. The Kerala-based bank also saw its gross NPA ratio improve significantly to 1.9% from 2.9% a year ago.Read More
Asian stocks opened lower, mirroring a tech selloff on Wall Street driven by concerns over AI investment returns ahead of key earnings. Treasury yields rose as oil prices fueled inflation expectations, curbing Fed rate cut bets. Technology firms’ earnings are now crucial for sustaining the recent global equity rally.Read More
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