Sensex nears 79,000 as softer crude, easing geopolitical tensions lift markets

Mumbai — Indian equity markets opened on a positive note on Tuesday, with the BSE Sensex inching closer to the 79,000 mark and the Nifty 50 also trading higher. The rally was driven by easing crude oil prices and optimism around a potential…

PLI Scheme Boosts Food Processing Sector Capacity and Jobs; Beneficiaries Receive ?2,162 Crore Support

New Delhi: The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has driven capacity expansion in food processing, job creation, and export growth, with beneficiaries receiving a total incentive of Rs 2,162.55 crore, the…

India’s two-wheeler sales hit record 22 million units in FY26: Report

New Delhi: India’s two-wheeler industry scaled a new peak in FY26, with domestic wholesale volumes touching a record 22 million units, according to a report by ICRA.

The report noted a strong finish to the fiscal year, with wholesale…

Rupee Gains 10 Paise Amid Oil Volatility; Gold, Silver Slip Nearly 2%

Mumbai — The Indian rupee strengthened by 10 paise on Monday, opening at 92.83 against the US dollar, supported by easing geopolitical concerns, softer crude trends earlier, and continued backing from the Reserve Bank of India.

The US…

Govt plans major push for flex fuel vehicles amid global oil uncertainty

New Delhi — The government is preparing to accelerate the adoption of Flex Fuel Vehicles (FFVs) as part of a broader strategy to expand ethanol usage in transport, especially in light of volatility in global oil markets driven by the ongoing…

India Seen Growing at 6.8% in FY27; Opportunity to Emerge as Global Transit Hub

New Delhi — India’s economy is expected to remain resilient, with growth projected at around 6.8 per cent in FY27 despite global uncertainties and geopolitical tensions, according to a report by State Bank of India Research.

The…

FIIs Show Early Signs of Stability in Indian Markets; DIIs Continue to Anchor Sentiment

New Delhi: After a prolonged phase of outflows, foreign institutional investors (FIIs) are beginning to show early signs of stabilisation in Indian equities, offering some relief to market sentiment.

FIIs emerged as net buyers in the final…

ICICI Bank Q4 Profit Rises 9% to Rs 14,755 Crore; NII Grows 8%

Mumbai — ICICI Bank reported a solid performance for the fourth quarter of FY26, posting a consolidated net profit of Rs 14,755 crore, marking a 9% year-on-year increase from Rs 13,502 crore in the same period last year.

The bank’s…

RBI announces Rs 2 lakh crore VRRR auction to absorb excess liquidity

Mumbai — The Reserve Bank of India has announced a Rs 2 lakh crore seven-day Variable Rate Reverse Repo (VRRR) auction scheduled for April 17, aimed at managing surplus liquidity in the banking system.

According to the central bank, the…

India’s Forex Reserves Climb to $700.9 Billion, Signals Strong External Position

New Delhi: India’s foreign exchange reserves rose by $3.82 billion to reach $700.946 billion for the week ended April 10, according to data released by the Reserve Bank of India.

This marks a steady rebound in the country’s reserves,…