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Swan Defence and Heavy Industries secured a significant order to build four 92,500 DWT dual-fuel ammonia bulk carriers, a first for India. This Rs 1,500-3,000 crore project marks a major advancement in the nation’s shipbuilding capabilities, with the first vessel slated for delivery in October 2029.
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Jubilant FoodWorks shares dropped significantly after the Domino’s Pizza operator reported provisional Q4 FY26 results that missed analyst estimates. While consolidated revenue rose, standalone revenue and Domino’s India’s like-for-like growth were weaker than anticipated. The company also announced its exit from Dunkin’ India due to persistent losses.
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Kalyan Jewellers reported a strong March quarter performance with 64% revenue growth, driven by robust India demand and rising international sales. Candere saw exceptional traction, while store expansion continued. Despite geopolitical disruptions, momentum remains positive with strong wedding demand, festive outlook, and healthy advance collections supporting growth visibility ahead.
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Oil prices surged as President Trump issued a stern warning to Iran regarding the Strait of Hormuz. Tehran rejected a ceasefire, insisting on a permanent end to the war, while supply disruptions from Russia and potential further escalation in the Middle East are keeping crude prices elevated.
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We have collated a list of recommendations from top brokerage firms from ETNow and other sources.
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Indian companies rushed to the non-deliverable forwards market, trading over seven billion dollars on March 30. This surge followed Reserve Bank of India curbs on banks. Companies exploited arbitrage opportunities by buying dollars onshore and selling them in the NDF market. The Reserve Bank has since intensified measures, helping the rupee recover.
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Gold prices held steady as global tensions simmered. Investors are keenly watching a U.S. deadline regarding the Strait of Hormuz, a crucial oil route. Meanwhile, differing views on inflation and interest rates from Federal Reserve officials are keeping markets on edge, with key U.S. inflation data on the horizon.
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Oil prices climbed Tuesday as President Trump intensified threats against Iran over the Strait of Hormuz. Iran rejected a ceasefire, demanding a permanent end to the war, while disruptions to oil flows and damaged energy facilities continue to support prices. The UN Security Council is set to vote on a resolution concerning commercial shipping in...
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Markets are reacting to uncertainty surrounding President Donald Trump’s Iran deadline. Tentative ceasefire signals are battling fears of conflict escalation. Brent crude oil prices are fluctuating. Asian shares saw gains, led by technology stocks. President Trump stated talks are progressing but stressed freedom of navigation.
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