Crude oil prices surged above $115 a barrel as the US and Iran exchanged fire, disrupting a ceasefire and raising concerns about escalating Middle East tensions. This renewed conflict threatens to inject volatility into markets, impacting energy prices, industrial activity, and geopolitical risk premia.Read More

Jindal Stainless anticipates a 7-9% volume growth this fiscal, despite bracing for the West Asia crisis’s impact on demand. The company plans to revise this target mid-year and expects to produce 2.75-2.80 million tonnes of stainless steel. Exports are projected to contribute about 10% of sales, with significant traction from Brazil, South Korea, Japan, and...Read More

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.Read More

Gold prices remained largely steady as escalating Middle East tensions and stalled U.S.-Iran peace talks kept investors on edge. Despite recent dips, spot gold saw a slight uptick, while U.S. futures also edged higher. The ongoing conflict in the Gulf, including naval engagements and maritime blockades, continues to influence market sentiment.Read More

Federal Bank is acquiring Standard Chartered’s credit card portfolio, gaining a high-quality, younger customer base with strong credit scores. The deal presents significant cross-selling opportunities for Federal Bank to expand its product offerings. However, customer attrition and geographic reach are potential challenges that the bank aims to mitigate.Read More

Ambuja Cements announced strong March quarter earnings. Net profit surged over 37 percent year-on-year. This growth was significantly boosted by a substantial tax credit. Sales volume reached an all-time high, alongside record revenue. The company noted ongoing cost pressures from fuel and packaging. These challenges are expected to persist into the first half of FY27.Read More

Citibank has appointed Raj Rathi as its new head of mergers and acquisitions in India. This appointment is effective from June 2026. Rathi will lead Citi’s M&A operations in India. He will focus on advising on significant transactions. He will also work to enhance client relationships in key sectors. Rathi previously worked at Dream Sports.Read More

A company law appeals court has rejected Vedanta Ltd’s challenge to Gautam Adani’s group winning bid for bankrupt firm Jaiprakash Associates Ltd (JAL). The National Company Law Appellate Tribunal found no merit in Vedanta’s petitions, upholding the Committee of Creditors’ decision to favor Adani’s ₹14,535-crore bid. JAL entered insolvency proceedings after failing to pay over...Read More

India’s banking and insurance regulators are against allowing lenders and insurers to trade in commodity markets due to valid concerns, according to Sebi Chairman Tuhin Kanta Pandey. Sebi is also preparing an advisory on AI risks from models like Anthropic’s Mythos, which can exploit vulnerabilities at speed. The regulator is also gearing up to launch...Read More

Individual investors reduced direct equity ownership for the third consecutive quarter, while mutual fund holdings reached a record high, driven by surging retail inflows. Foreign ownership hit a 14-year low amid a risk-off sentiment, contrasting with domestic institutional holdings climbing to an all-time peak.Read More