Neelkanth Mishra, Head of Global Research at Axis Capital and Chief Economist at Axis Bank, says the Iran conflict is a major macro risk for India given its heavy dependence on energy imports. A prolonged disruption could wipe out around…
Markets have responded to these developments. Oil prices have risen to around $115 dollars per barrel. LNG markets are also pricing in tighter supply conditions, along with the possibility of cargo rerouting.
On Wednesday, the Ministry of New and Renewable Energy has expanded the order on approved list of model manufacturers (ALMM) to introduce ALMM List-III for ingots and wafers, which will take effect from June 1, 2028.
CLSA upgraded Bharti Hexacom to ‘hold’ from ‘underperform’, with a target price of ₹1,510. CLSA prefers Bharti Airtel for its stronger growth prospects.
Macquarie said that while HDFC Bank’s fundamentals remain strong, with healthy return on assets (ROA), near-term underperformance may persist as governance concerns weigh on sentiment.
Amir Chand Jagdish Kumar (Exports) is a processor and exporter of basmati rice in India. The company markets its products under the flagship brand ”Aeroplane”.
Gold and silver prices fell on March 19 due to a stronger US dollar and higher interest rate concerns. Gold traded at $4,847.50 per ounce and silver at $76.14 per ounce.
The real friction stemmed from Atanu Chakraborty’s functioning in an “executive style”, despite him holding a non-executive role and his exit is linked to personal differences with the senior management, the sources went on to add.
Micron Technology forecasted Q3 revenue above Wall Street expectations due to AI memory chip demand. Despite record earnings, shares fell 5% after a $5B capital spending increase.
The Bank of Japan kept its policy rate at 0.75% amid Middle East crisis uncertainties. Hajime Takata dissented in the 8-1 vote. Governor Kazuo Ueda will discuss it further.