Stock Markets Turn Flat After Early Fall Amid Crude Oil Rise
Indian stock markets turned flat after an initial decline, with Sensex falling 264 points and Nifty dipping 27 points, as rising crude oil prices weighed on investor sentiment.
Category : Banking
ITC Rs 10.75 Dividend 2026: Record Date Announced
ITC Ltd has declared a final dividend of Rs 10.75 per share for FY26, with record date on June 5, 2026. Payment will be made on or before July 5, 2026.
EOW Registers Second FIR Against Anil Ambani Companies
Mumbai EOW filed a second FIR against Anil Ambani-linked companies for allegedly availing and diverting a Rs 150 crore loan from Axis Bank, cheating and criminal conspiracy.
Rupee Rises 46 Paise to 95.23/$ on RBI, Oil Cues
The rupee gained 46 paise to close at 95.23 against the dollar after RBI governor's comments on undervaluation and intervention assurance, combined with softer crude oil prices.
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Sundaram Finance Eyes Gold Loan Business for Growth
Sundaram Finance is considering entering the gold loan segment under its 'Sundaram 75 Plan' to diversify. The NBFC sees rising demand for gold loans, especially among younger borrowers, and aims to expand its secured lending portfolio.
Tribal woman carries mother-in-law 4 km to bank for KYC
A tribal woman in Chhattisgarh carried her 90-year-old mother-in-law 4 km to a bank for KYC formalities to receive a Rs 500 monthly pension, highlighting bureaucratic hurdles.
Rapid Metro to Get Alternate Power Supply After Failure
Following a grid failure that halted Rapid Metro, HMRTC is adding a secondary power feed to prevent future shutdowns. The new system will ensure uninterrupted service within four months.
Kolkata Bus Crisis: Private Operators Cut Services
Kolkata faces a severe transport crisis as private bus operators cut services due to diesel prices near Rs 100/litre. Fares frozen since 2018, unions demand immediate hike.
Noida Energises New Rs 12 Crore Substation to Tackle Heatwave Demand
Noida power department energises a new 33/11 kV substation in Shahberi, built at Rs 12 crore, to improve electricity distribution and reduce load pressure amid rising heatwave demand.
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Ahmedabad Fuel Prices Cross Rs 100 After Fourth Hike in 11 Days
Petrol in Ahmedabad hits Rs 101.83, diesel Rs 97.92 after fourth price hike in 11 days. Increase of Rs 7.32 for petrol, Rs 7.75 for diesel since May 15.
Gujarat Second in Retail Equity Turnover, Surges 38.6% in April
Gujarat saw a 38.6% monthly rise in retail equity turnover to Rs 2 lakh crore in April, ranking second after Maharashtra. Ahmedabad and Surat led growth among districts.
Businessman vanishes after duping 12 investors of Rs 1.33 crore
A Rajkot businessman, Hitesh Gohil, has gone missing after allegedly defrauding 12 investors of Rs 1.33 crore in an investment scam. His family disowned him publicly.
Stock Markets Closed May 28 for Bakri Eid Holiday
Indian stock markets will be closed on May 28 for Bakri Eid. This is the second holiday in May. Seven more trading holidays remain in 2026. MCX will reopen for the evening session.
Rupee Rises 34 Paise to 95.26/USD on Iran Peace Hopes
The Indian rupee strengthened for the third consecutive session, gaining 34 paise to close at 95.26 against the US dollar on Monday, supported by optimism over US-Iran peace talks and RBI's assurance of orderly forex market movement.
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FM Sitharaman open to concerns on LTCG, STCG tax
Finance Minister Nirmala Sitharaman stated the government is willing to listen to investors' concerns regarding LTCG and STCG taxation. She also defended recent fuel price hikes and highlighted challenges from global crude prices.
Coimbatore Industries Demand Probe Into Bribery for SGST Refunds
Industrial associations in Coimbatore allege commercial tax officials demand 10% bribe via auditors to clear pending SGST penalty refunds, urging government intervention.
Belagavi Deposit Scam May Exceed Rs 7,000 Crore
The Shivam Associates deposit scam in Belagavi may exceed Rs 7,000 crore, with over 35,000 investors affected. Investigators probe cash transactions and unaccounted funds.
ITAT: Spouse's Name in Deed Not Ground for Full Tax
Income Tax Appellate Tribunal rules that adding a spouse's name to property for convenience doesn't automatically make them liable for tax on sale proceeds; actual ownership and funding must be examined.
Telangana secures Rs 13,600 crore refinancing for Hyderabad Metro
Telangana government secured Rs 13,600 crore refinancing from IRFC for Hyderabad Metro Rail, reducing debt burden and aiding expansion. The loan is over 20 years.
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Gold Rebounds on Cooling Inflation, US-Iran Hopes
Gold prices rebounded as US-Iran peace deal hopes cooled and inflation fears eased, with spot gold rising 0.6% to $2,022.89 an ounce.
Stock Markets Surge Over 1% as Crude Oil Drops Below $100
Indian stock markets jumped over 1% on Monday as crude oil prices dropped below $100 per barrel, easing inflation concerns. Sensex rose 1,073 points to 76,488.
Rupee Gains 35 Paise, Closes at 95.25 vs USD
The Indian rupee strengthened for the third straight session, gaining 35 paise to close at 95.25 against the US dollar, supported by RBI Governor's remarks on forex market stability.
Manish Tewari Questions Fuel Price Hike, Cites Rs 77,280 Crore Profit
Chandigarh MP Manish Tewari has questioned the recent fuel price hike, pointing out that oil companies reported a combined profit of Rs 77,280 crore in the last fiscal year.
Stock Picks: Varun Beverages, Elecon Engineering; Nifty, Bank Nifty Outlook
Sudeep Shah of SBI Securities recommends buying Varun Beverages and Elecon Engineering for the week. Nifty consolidates in a narrow range, while Bank Nifty shows relative outperformance.
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Fuel Prices Hit 4-Year High After Latest Hike of Rs 2.6-2.7
State-run oil firms raised petrol and diesel prices by Rs 2.61-2.71 per litre on Monday, marking the fourth hike in 11 days and pushing fuel costs to their highest since May 2022.
Wipro Sets Record Date for Largest Ever Buyback at Rs 450
Wipro announces record date for its biggest buyback ever at Rs 450 per share. Check eligibility, timeline, and impact on shareholders.
Indian Markets Rally at Opening on Global Boost, Falling Oil
Indian stock markets opened sharply higher on Friday, driven by positive global cues and a decline in crude oil prices, boosting investor sentiment.
Rupee Rises 40 Paise to 95.20 Against US Dollar
The Indian rupee strengthened by 40 paise to 95.20 against the US dollar in early trade on Tuesday, driven by positive sentiment after reports of a US-Iran peace pact.
Sensex Surges 720 Points, Nifty Near 23,950 on Oil Drop
Indian stock markets opened strong with Sensex rallying 720 points and Nifty near 23,950, driven by a sharp decline in crude oil prices boosting investor sentiment.
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Fuel Prices Surge Fourth Time in 10 Days: Petrol, Diesel Hiked
Fuel prices in India rose for the fourth time in 10 days, with petrol up Rs 2.61 and diesel Rs 2.71 per litre, driven by global crude prices and rupee depreciation.
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