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Industrialist Anil Ambani was questioned by the CBI for a second consecutive day in a ₹2,929 crore SBI fraud case linked to Reliance Communications. The probe follows a 2025 FIR alleging fund diversion and misuse of loans. After hours of interrogation in Delhi, officials said questioning continued as part of an ongoing investigation.
Salaried employees in Hyderabad can now claim up to 50% House Rent Allowance (HRA) exemption, an increase from previous limits, if they live in rented accommodation. This change helps reduce taxable income and boosts take‑home pay for many workers in the city. It applies to those who meet specific eligibility criteria under income‑tax rules.
The Reserve Bank of India injected ₹25,101 crore into the banking system through a three-day variable rate repo (VRR) auction at 5.26% rates. This was far below the notified ₹75,000 crore, despite a sharp drop in surplus liquidity from advance tax payments, highlighting tighter liquidity conditions, the RBI said in its official release.
Zomato has increased its food delivery platform fee from ₹12.50 to ₹14.90 per order (pre‑GST), marking another price rise since September 2025. The hike means customers pay more overall, reflecting cost pressures like rising fuel prices and evolving competition, with rival platforms charging similar fees. The change affects users’ total bill amounts.
On March 20, 2026, Sensex rose 326 points and Nifty50 closed at 23,114 amid energy supply concerns. Broader markets pared intraday gains, with Realty, Financial Services, and Media underperforming. Pharma and PSU Banks led sector gains. Brent crude spiked late as Iran-Israel strikes and dwindling seaborne oil buffers stoked global supply fears.
The Indian rupee has plunged to an unprecedented low, touching Rs 93.49 against the US dollar amid a worsening global oil crisis. Surging crude prices have sharply increased dollar demand, placing intense pressure on the currency. This trend also raises serious concerns over inflation, imports costs, and economic stability ahead.
Premium petrol prices in India have increased by about Rs 2–2.3 per litre, driven by rising global crude oil rates and Middle East tensions. The hike applies to high-octane fuels like XP95 and Power petrol, while regular petrol and diesel remain unchanged. The move helps oil companies offset higher import costs with limited impact on […]
Indian stockmarket indices kicked off today’s session on a strong note. The Sensex climbed 795 points to continue at 75,156, while the Nifty 50 advanced over 251 points, trading at 23,289. Despite the equity rally, the rupee showed weakness, slipping to 92.82 against the US dollar, indicating mixed cues across financial markets in early trade […]
Sensex fell 2,497 points and Nifty dropped 776 points as oil prices surged above $115 and HDFC Bank faced turmoil. Investors lost ₹14 lakh crore in a broad sell-off across banking, IT, auto, and finance sectors. Rising Middle East tensions, crude shocks, and weak global cues fueled volatility, which may continue in the near term.
The Sensex and Nifty opened at fresh record levels in early trade on Thursday, March 19, 2025. The Sensex started trading today at 74993.87, down at 1,710.26 points or 2.23%, and the Nifty was at 23261.85, down at 515.95 points or 2.17%. Meanwhile, the Indian rupee was trading today at 92.29 against the dollar.
The Indian rupee weakened by 23 paise, closing at a record low of ₹92.63 against the US dollar. The depreciation reflects ongoing forex market volatility, weak global cues, and strengthening of the greenback. Traders cited inflation concerns and rising crude prices as contributing factors. Economists say persistent pressure may influence import costs and inflation.
The ongoing Iran–US–Israel conflict is disrupting global supply chains, which may drive up medicine prices in India. Rising freight costs, higher raw material expenses, and shipping delays through the Strait of Hormuz threaten pharmaceutical imports and production. Experts warn these pressures could increase costs for essential drugs if tensions persist.
Indian markets closed higher on March 18, 2026, with Sensex up 633 points at 76,704 and Nifty50 rising 197 points to 23,778. IT, realty, and media stocks led gains, while metals lagged. Broader markets outperformed, with MidCap and SmallCap indices climbing. Investors await the US Federal Reserve’s policy update amid geopolitical tensions.
Russian oil tankers originally headed to China are rerouting to India amid global turmoil caused by ongoing conflict and supply disruptions. Reports say several vessels changed course as India ramped up imports to secure energy needs. The shift reflects Indian’s increasing purchases to offset reduced supplies from traditional Middle Eastern sources.
A 24×7 LPG gas ATM has been launched in Gurugram, allowing consumers to purchase cylinders anytime without waiting for delivery. The vending machine system aims to improve convenience and reduce delays in LPG access. Officials say the initiative modernizes fuel distribution and could expand to other cities, ensuring faster, easier availability for households.