Business

Modi said the government has taken steps to ensure limited disruption in petrol, diesel and LPG supplies to the public. The country has 53 lakh metric tonnes of strategic crude reserves.

A newly introduced bill aims to modernise the LLP Act of 2008. This legislation will significantly ease compliance burdens for alternative investment funds.

Rupee ends at 81.68, depreciating marginally against the U.S. dollar.

Aviation expert Sanjay Lazar warns that the Middle East conflict will drive Indian domestic airfares up by 15% as fuel costs continue to skyrocket.

Ticket booking for these flights can be done across all channels, including the official website of IndiGo (www.goIndiGo.in), mobile app and via travel agents.

ICICI Securities noted that Torrent Pharma is currently the only listed Indian pharma company to have disclosed the launch of a generic oral semaglutide, positioning it as an early mover in this segment.

The bank also has a looming decision on CEO succession, which will be discussed next month, Mistry said. Jagdishan's term runs until October, and he is eligible for reappointment.

The L&T management told NDTV Profit that the company is actively trying to find alternative shipping routes in 23 months.

Kotak Mahindra Bank is reportedly acquiring Deutsche Bank's Indian retail unit for Rs 4,500 crore. The move targets the nation's wealthiest urban clients.

ICICI Prudential Life, Axis Max Life Insurance and Shriram Life Insurance are among major insurers that entered bond forward contracts with banks since late January.

Citi Research reports that the new CGSMFI 2.0 scheme will improve funding sentiment but strictly caps borrowing limits for large microfinance institutions.

With a disciplined, risk-calibrated approach and increasing focus on market share gains, ICICI Bank remains well-positioned to deliver consistent compounding.

Morgan Stanley highlights Sun Pharma and Dr. Reddy's Laboratories as best placed to gain share, given their scale, manufacturing capabilities, and backward integration.

Morgan Stanley has double-downgraded Tata Chemicals to underweight. The brokerage slashed its target price to Rs 566 due to surging energy costs.

Tensions in the Middle East showed no signs of easing, with President Donald Trump issuing a 48-hour ultimatum to Tehran to reopen the Strait of Hormuz or face strikes on its power plants, a deadline that expires Monday evening in New York.

As construction costs surge by 10-15%, and supply disruptions threaten profitability for the real estate sector, builders may seek relief on timelines.

The remaining 5% of the sites were "suspended or disrupted", as they are located close to military bases, a top L&T official said.

Currently, the public float in IDBI Bank is only 5.29%, limiting the scope of fair valuation.

Air India CEO Campbell Wilson said that the financial impact of this crisis is yet to be fully felt, most of the impact will only hit them from next month.

The transaction will result in Infina ceasing to be an associate company of the Bank, with Kotak Mahindra Capital Company's stake in Infina reducing to 19%.