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The EU might pause its Russian oil price cap at $44.10 because of the Middle East war. They are thinking about this as part of new sanctions. The goal is to stop Russia from making too much money from high oil prices. They want to finalize new measures in early June.
NMDC shares are getting mixed reactions after their Q4 results. While profits and revenue grew, pellet sales caused losses. Many analysts have a "sell" rating, with one saying "sell" rating on NMDC. Despite higher sales to its steel unit, weak operational performance is a concern for investors.
Big news for bank customers! The share of term deposits earning less than 7% jumped to 61.8% in FY26. This happened because banks cut rates, and people moved their money to longer terms. As the article said, "depositors shifted to longer maturities." It's a big change in how people save!
Brokers are now using GIFT City's global access licence for their own trading, not just for clients. They're drawn by a low fee cap and a 20-year tax break. This licence, meant for Indian investors to trade overseas, has become a cost-saving tool. "half of the GAP license holders are prop firms," showing a big shift.
Nifty is stuck between 23,200 and 24,050, but analysts see a chance to buy when it dips, aiming for 23,900. Banking and auto sectors are doing well. Experts say "buy on dips" for potential gains. The market is waiting for a clear move upwards.
Berkshire Hathaway is buying homebuilder Taylor Morrison for $8.5 billion! This is their first big buy since Warren Buffett stepped down. Greg Abel, the new CEO, said, "We are excited to welcome Taylor Morrison." They plan to use Berkshire's cash to grow in the housing market, helping more people own homes.
Asian Paints saw a big jump in sales, hitting a 12-quarter high volume growth of 12.4% in Q4FY26. This shows demand is picking up after tough times. The company "eyes 8-10% volume growth in FY27," but rising costs and competition mean it's still a challenging year ahead.
Banks want the RBI to ease a guarantee rule to bring in more NRI money. They hope this will help revive a special deposit scheme and boost dollar supply. A banker said, "RBI didn't say it was opening a FCNR window." This move aims to attract foreign currency deposits from the Indian diaspora.
The RBI's money panel might keep the repo rate the same at their June 3-5 meeting. This is because of worries about rising inflation and slower growth, partly due to global issues. Economists said, "we expect the RBI to revise its FY27 inflation forecast." They also think the RBI might lower its growth prediction.
RBI is expected to hold rates steady at 5.25% during their June 3-5 meeting. Economists believe the central bank will likely "lower inflation forecast and lower its GDP growth estimate." This pause is due to global pressures like high oil prices and a weak rupee, making rate hikes less effective.
India and Oman's trade deal starts Monday, giving Indian goods zero-duty access to over 90% of Oman's market. This pact, India's 15th such agreement, aims to boost exports in electronics, textiles, and more. Ajay Srivastava said, "its real value goes beyond tariffs." It also covers services and investment.
A top ED officer who investigated Nirav Modi and Vijay Mallya cases has taken early retirement. Satyabrata Kumar, who spent nearly 12 years with the ED, was granted approval for VRS in April. He was "instrumental in the attachment of several foreign-based assets" in the PNB fraud case.