Economy

The Nifty Bank Index has lost $95 billion in market value since the start of March, narrowly avoiding a bear market - defined as a 20% drop from a recent high.

Economists expect the RBI to keep rates unchanged as rising oil prices lift inflation risks, growth momentum softens and external volatility intensifies.

OPEC+ warned on Sunday that damage to Middle East energy assets will have a prolonged impact on oil supply even after the Iran war ends

India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry.

The central bank has so far reduced the repo rate by 1.25% since last February, as the cool down in inflation offered it the space to work towards further boosting growth.

Parikh urged the Finance Minister to convene a meeting of the GST Council to deliberate on including petrol, diesel and other petroleum products within GST.

Moody's Ratings cut India's FY27 growth forecast to 6%, citing West Asia tensions. The agency warned of rising inflation and supply shocks to LPG and crude.

A broader energy supply shock is threatening Indian corporate margins. Policymakers face tight trade-offs between economic growth and rising inflation.

Soaring energy costs from the Middle East conflict are driving up global inflation. Economists expect major central banks to delay anticipated rate cuts.

When it comes to what the US will do next, Jeffries said the best hope for the Trump administration would be a "sudden implosion" of the current Iranian administration.

Goldman Sachs noted that the impact of AI on the labour market continues to be narrow.

Officials said OMCs will be required to verify documents at least once to ensure compliance with these conditions.

The South Gujarat Textile Processors Association has decided to limit the operational days of units to five days a week.

An index of hiring plans among small businesses held steady in March at one of the lowest levels in recent years.

The president's decision to seek a dramatic rise in the Pentagon's budget — the largest single-year increase since World War II — comes as polls indicate he's struggling to convince many Americans of the wisdom of the war in Iran.

As part of the package, Microsoft, whose Copilot has struggled to keep pace with OpenAI's ChatGPT and Google's Gemini, will invest in cybersecurity partnerships and train a million AI engineers through 2029

The projected outcome for FY26 points to continued resilience in India's exports amid a challenging global trade environment, although risks from geopolitical tensions and protectionist trends remain.

Over 40 US allies met virtually to discuss reopening the Strait of Hormuz, addressing global concerns over disruptions caused by tensions with Iran.

The government is preparing for different scenarios if the conflict continues for the next few months, sources told NDTV Profit.

The government is preparing a large credit support plan to cushion sectors facing emerging stress, signalling a pre-emptive move to manage potential economic impact due to Iran war.