The Times of India - Business (47 minutes ago)
Oil prices dropped significantly as markets reacted to optimism surrounding a potential US-Iran peace deal, despite President Trump urging negotiators not to rush. Key issues like the Strait of Hormuz and frozen assets remain unresolved, tempering expectations for an imminent breakthrough in the ongoing conflict.
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Goldman Sachs maintains a neutral stance on ITC, anticipating cigarette tax impacts. Citigroup is bullish on LIC, citing strong operational performance and margin expansion. Jefferies raises its target for Nykaa, impressed by robust growth and improving margins. CLSA sees significant potential in Honasa, with strong revenue and margin growth....
ReadNDTV - Business (2 hours ago)
Systematix has revised its FY27/FY28 Ebitda estimates on Hindalco upward by 14%/7%, primarily driven by improved assumptions for aluminium downstream margins, higher commodity price assumptions, and a gradual recovery in Novelis margins and shipments.
ReadThe Times of India - Business (3 hours ago)
Fuel prices have seen another significant jump, with petrol and diesel costs rising by Rs 2.61 and Rs 2.71 per litre respectively. This marks the fourth increase in under two weeks, pushing cumulative hikes close to Rs 7.5 per litre. Consumers face mounting pressure as import costs climb due to global crude oil prices and a weaker rupee.
ReadThe Times of India - Business (12 hours ago)
Indian overseas travel spending saw a significant drop in March, with remittances falling by over $212 million from February. This decline, attributed to rising oil prices and a weakening rupee, occurred despite travel remaining the largest component of outward remittances under the Liberalised Remittance Scheme.
ReadThe Times of India - Business (12 hours ago)
Gold prices are expected to remain steady this week, influenced by US-Iran talks and upcoming US economic data. Silver, however, may continue to outperform due to geopolitical tensions and high crude oil prices. Investors await signals on the Federal Reserve's next policy move amidst shifting statements from Washington and Tehran.
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