follow us:
The Indian Rupee surged to its strongest single-day performance in over 12 years, gsining 1.7% to 93.25 against the Dollar. Meanwhile, Asian stock markets faced downward pressure. Backed by foreign exchange reserves exceeding $700 billion, the Reserve Bank of India actively intervened to stabilize the currency, demonstrating robust financial control.
An emergency meeting was convened in Hyderabad to address the shortage of auto LPG and CNG. HYD officials warned private oil companies that strict action will follow any further supply drop. Despite a 35% reduction due to West-side conflicts, officials have ordered immediate imports to ensure auto drivers are not affected.
The Sensex and Nifty opened at fresh record levels in early trade on Thursday, April 2, 2025. The Sensex started trading today at 71769.65, down at 1,364.67 points or 1.87%, and the Nifty was at 22254.75, down at 424.65 points or 1.87%. Meanwhile, the Indian rupee was trading today at 93.46 against the dollar.
Blinkit has launched India’s first inter-terminal quick commerce service at Terminal 2, Mumbai Airport. Passengers can order essentials such as snacks, beverages, chargers, and books via the Blinkit app and receive them within minutes anywhere in the terminal. The service is part of a collaboration with Adani Airport Holdings to enhance traveler convenience.
If you pay rent above ₹50,000 per month, Indian tax rules require you to deduct 2% TDS under Section 194‑IB before the financial year ends to report high‑value rental payments properly. This deduction is usually made once at year‑end or when vacating. Failure to comply can lead to penalties, interest, and scrutiny from the tax department.
Due to escalating global tensions involving the US, Israel and Iran, IndianOil raised premium petrol (XP100) price from ₹149 to ₹160 per litre in Delhi. Aviation turbine fuel (jet fuel) crossed ₹2 lakh per kilolitre, a historic high, while premium diesel and commercial LPG also saw increases, reflecting surging energy costs tied to disrupted crude […]
Commercial LPG cylinder prices were hiked sharply from April 1, 2026, driven by rising global oil prices amid West Asia tensions. A 19-kg cylinder saw an increase of around ₹195, pushing rates above ₹2,000 in major cities. In Hyderabad it costs over ₹2,300, impacting restaurants and businesses, while domestic LPG cylinder rates remained unchanged this […]
Indian equity indices closed higher on April 1, 2026, though gains trimmed as optimism over easing US-Iran tensions faded. Nifty50 rose 348 points higher (1.56%) to 22,679.40 and Sensex gained 1.65% to 73,134.34, ending a two-day decline. Broader markets outperformed, led by PSU banks, while healthcare and pharma stocks lagged behind the broader market trend.
A tanker named Ping Shun carrying 600,000 barrels of Iranian crude is heading to Gujarat, potentially marking India’s first such import since 2019. The shipment follows a temporary US sanctions waiver amid the ongoing West Asia conflict. It highlights renewed India-Iran energy ties and comes as Indian refiners face supply pressures due to regional disruptions.
The Sensex and Nifty opened at fresh record levels in early trade on Wednesday, April 1, 2025. The Sensex started trading today at 73677.11, up at 1,729.56 points or 2.40%, and the Nifty was at 22831.20, up at 499.80 points or 2.24%. Meanwhile, the Indian rupee was trading today at 93.69 against the dollar.
Chicken shop owners in Hyderabad have revealed plans to shut their businesses from today, April 1, citing falling profit margins. The Telangana Chicken Shop Owners Association stated that current prices make it difficult for traders to sustain operations. Many sellers have expressed concern that if the situation persists, it could severely impact livelihoods.
India’s popcorn production has grown from 50,000 tons to around 130,000 tons recently, meeting nearly 70 % of demand domestically. By 2030, production may reach 180,000 tons, cutting dependency on imports and saving about ₹810 crore in foreign exchange. Improved local seeds and farmer networks are driving this shift toward self‑sufficiency in popcorn maize.
PM Narendra Modi said India’s energy situation remains stable despite global supply disruptions linked to the conflict in West Asia. He emphasised diversified import sources, sufficient fuel reserves, and ongoing measures to ensure uninterrupted supplies of oil, gas, and LPG. The government continues close monitoring and strategic steps to manage risks.
The Indian rupee recorded its worst fall in 12 years in FY26, dropping about 9.85% due to foreign outflows and the West Asia, including Iran, conflict. It breached 95 per dollar before closing lower. Meanwhile, government bond yields rose above 7% despite rate cuts, driven by higher borrowings, global uncertainty, and persistent pressure on financial […]
The Iran-linked conflict has disrupted helium supply, cutting nearly 30% of global production after Qatar’s facilities halted. Helium is vital for cooling AI chip manufacturing and MRI machines. With limited alternatives and concentrated supply, shortages may raise costs, delay healthcare services, and slow technological growth worldwide.