US stocks today: Dow Jones crashes 500 points on mounting inflation worries
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.
Tata Steel Q4 Results: Cons PAT soars 147% YoY to Rs 2,965 crore, revenue jumps 13%
Tata Steel Q4 Results: Tata Steel reported a consolidated net profit of Rs 2,965 crore in the March-ended quarter versus Rs 1,201 crore in the year ago period, a 147% YoY growth.
Rupee slides to record low, crosses 96 vs USD for the first time
The Indian rupee hit a record low against the dollar on Friday, pressured by rising crude oil prices, a strong US dollar, and hawkish US policy comments. Persistent foreign capital outflows and a widening trade deficit further weakened the currency. Global uncertainties and a lack of AI investment opportunities are impacting capital flows.
Sebi approves IPO plans of Neolite Lightings, Aspri Spirits and SS Retail
Sebi approved IPO plans of Neolite ZKW Lightings, Aspri Spirits and SS Retail, enabling them to raise funds through fresh issues and OFS routes. The companies operate in automotive lighting, premium alcohol distribution and consumer electronics retail, targeting expansion, manufacturing growth and debt repayment.
Sebi, CBDT ease PAN rules for foreign investors after onboarding concerns
Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.
SAIL Q4 Results: Cons PAT surges 47% YoY to Rs 1,835 crore, revenue rises 5%
SAIL reported a strong Q4FY26 performance with net profit rising 47% year on year and revenue growing 5%. Sequential profit surged sharply, EBITDA improved significantly, and the board recommended a dividend of Rs 2.35 per share despite mixed global steel production trends and output softness.
Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake
The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.
Hindustan Copper Q4 Results: Cons PAT surges 135% YoY to Rs 444 crore, revenue jumps 58%
Hindustan Copper Q4 Results: Hindustan Copper reported a significant 134% surge in consolidated net profit to Rs 444 crore for the March-ended quarter, driven by a 58% revenue increase to Rs 1,156 crore. The company also recommended a dividend of Rs 1.86 per share for FY26. Full-year PAT grew 97% to Rs 921 crore.
Custom hike duty impact gone from silver! 3 reasons why gold’s poor cousin is down by Rs 33,000
Silver prices tumbled up to Rs 17,500 on the MCX, slipping below pre-duty hike levels as demand weakened at elevated prices and industrial sentiment softened. A sharp import duty jump, global growth concerns, and fading safe-haven buying have erased all post-hike gains, pushing silver into a highly volatile phase.
Nithin Kamath flags how painful it is for NRIs to invest in India; Ashish Kacholia, Shankar Sharma react
Zerodha CEO Nithin Kamath highlighted the challenges NRIs face while investing in India, calling the process unnecessarily difficult despite strong diaspora interest. While Ashish Kacholia supported his concerns over regulatory friction and capital flow hurdles, veteran investor Shankar Sharma disagreed, describing the investment process for NRIs as smooth and seamless.