Business

Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.The rating agency estimated that the combined operating profit of domestic airlines could…

India and the UK on Wednesday announced that their landmark free trade agreement (FTA) will come into force on July 15, paving the way for tariff reductions, greater market access and enhanced economic cooperation between the two countries.The announcement marks the final step before implementation of the trade pact, which was signed last year and…

US stocks traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision, while easing oil prices and optimism over a potential US-Iran peace agreement helped support sentiment.The S&P 500 edged up 0.1% in early trade, while the Dow Jones Industrial Average was largely unchanged. The Nasdaq Composite rose 0.5%, aided…

Exports hit record $863 billion in FY26 despite US tariffs & Middle East crisis India’s exports touched an all-time high of $863 billion in 2025-26 despite disruptions from the West Asia conflict and US tariff measures, underscoring the resilience of the country’s export ecosystem, a senior Commerce Ministry official said on Wednesday.“This has been a…

Benchmark equity indices Sensex and Nifty closed higher for a fourth consecutive session on Wednesday as softer crude oil prices following the US-Iran peace deal boosted investor sentiment despite continued foreign fund outflows.The BSE Sensex rose 347.14 points, or 0.45%, to close at 77,155.62. During the session, it climbed as much as 410.51 points, or…

After being at a war for over four months, the US and Iran will finally be signing an interim memorandum of understanding on Friday. The signing, which will take place in Switzerland, will pave the way for 60 days of negotiations aimed at ending the conflict and imposing strict limits on Tehran’s nuclear programme.According to…

Mumbai: Microfinance lenders showed early signs of stabilisation in the March 2026 quarter, even as the industry’s portfolio shrank sharply from a year earlier and legacy stress continued to build, according to the latest MFI Pulse Report brought out by Equifax and SIDBI.The sector’s total portfolio outstanding stood at Rs 2,77,053 crore as of March…

GIFT City is also witnessing growing activity as an increasing number of fintech firms seek licences there to broaden their participation in cross-border financial transactions. (AI image) Looking to invest in US stocks? Leading Indian new-age brokerages, including Groww, Zerodha, Angel One and Upstox, are expanding into overseas equity investing after obtaining licences from the…

Reliance Jio Infocomm is reportedly close to filing draft papers for its long-awaited $4 billion initial public offering (IPO). According to a report by Financial Times, released on Wednesday, the filing is expected to come ahead of Reliance Industries chairman Mukesh Ambani’s annual address to shareholders at the company’s annual general meeting on Friday.If completed…

Despite the improvement in sentiment, gold remains highly sensitive to incoming macro data and policy expectations. (AI image) Gold price prediction today: Gold prices are holding strongly and buying from central banks is likely to continue supporting the yellow metal, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold…