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The Indian rupee weakened to a near one-month low ​on Tuesday, pressed by a ​stubborn rise in oil prices and sustained hedging by local ​importers against further weakness, underscoring anxiety over the currency’s outlook as it nears the 95 per dollar mark.
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Indian stock markets, Sensex and Nifty, experienced a decline of up to 0.5% on Tuesday, reversing gains from the previous day. This downturn was triggered by renewed concerns over the US-Iran conflict, which fueled a surge in oil prices. Despite the broader market dip, Nifty Smallcap and Midcap indices showed resilience, rising by up to...
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Shares of ONGC jumped over 4% on Tuesday as rising crude oil prices, driven by escalating US-Iran tensions and supply disruptions in the Strait of Hormuz, boosted sentiment. Higher oil prices improve realisations for upstream firms, supporting the earnings outlook and extending the stock’s rally for a second session.
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Solar cells and solar modules manufacturer Websol Energy System reported a net profit of Rs 125 crore in the March-ended quarter on Tuesday versus Rs 48 crore in the year ago period, implying a 158% surge.
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Maruti Suzuki announced its largest-ever dividend of Rs 140 per share for FY26, totaling Rs 4,401.6 crore. The record date for eligible shareholders is August 7, with payment scheduled for September 9, pending AGM approval. This marks a significant increase from the previous year’s payout.
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Maruti Suzuki India Q4 Results: The company’s revenue from operations stood at Rs 52,449 crore for the quarter, up 28% from Rs 40,910 crore in the corresponding period of the previous financial year.
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Indian banks are set for a major provisioning change with Expected Credit Loss (ECL) norms arriving April 1, 2027. This global shift means banks will provision for future loan losses, not just past ones. Experts say the impact is manageable, with banks already preparing. This upgrade strengthens the banking system for future economic challenges.
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​Australian shares closed at their lowest in nearly four weeks on Tuesday as stalled U.S.-Iran peace talks and caution ahead of domestic inflation data kept investors on edge.
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European shares were muted on Tuesday as investors ​braced for a week packed with central bank meetings and corporate earnings, while weighing a diplomatic impasse in U.S.-Iran negotiations.
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Japan’s Nikkei share average slipped from a ​record high, government bonds swung and ​the yen rallied on Tuesday, after the central bank struck a ​hawkish tone as it kept interest rates unchanged.
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