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, 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.
Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continue
Muthoot Finance’s gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larger ones gaining traction. Despite structural shifts, strong demand persists, supported by tight unsecured lending conditions. Muthoot Finance anticipates sustained growth, leveraging its extensive branch network and gold’s appeal as collateral.
“Reallocate, Diversify, Reposition”: Ajay Srivastava flags rising macro risks for investors
Indian markets face rising macro risks from global shocks, currency pressure, and energy prices, impacting domestic consumption and corporate earnings. Ajay Srivastava advises aggressive diversification, favoring legacy and promoter-driven companies, while suggesting caution on Indian IT and highlighting selective opportunities in the export-oriented pharma sector.