Business

Until now, the United States had largely focused its efforts on smaller Chinese companies and facilities in an attempt to curb Iran’s oil revenues, partly to avoid broader economic and diplomatic consequences.

Gold prices saw a dip in futures trade on Monday, influenced by weaker global cues and subdued spot demand. While futures declined, retail prices across major Indian cities presented a mixed picture, with some experiencing slight increases and others remaining steady. International gold futures also edged lower, reflecting cautious global trading sentiment.

Infosys faces investor pressure, with its market value dropping significantly despite strong March quarter results. A subdued FY27 revenue growth forecast and industry-wide shifts towards cost efficiency and AI-driven productivity are impacting its outlook. While AI presents new opportunities, it also pressures core business margins.

India is set to relaunch seaplane services with SkyHop Aviation receiving its operator’s license. The company will initially connect five Lakshadweep islands and the mainland using a 19-seater aircraft. This initiative, supported by government incentives and a modified De Havilland Canada DHC-6 Twin Otter, aims to improve regional connectivity and tourism.

Stock market recommendations: Aster DM Healthcare, and GE Vernova T&D India have been picked by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities as the top stocks to buy this week (starting April 27, 2026). Views on Nifty and Bank Nifty have also been shared.

India-New Zealand FTA: It aims to double bilateral trade, provide Indian exporters duty-free access to the New Zealand market, and attract investments worth $20 billion over the next 15 years.

Fuel prices held steady across major Indian cities on Monday, defying volatile global crude oil markets driven by Middle East tensions. Despite Brent crude exceeding $106 per barrel, domestic petrol and diesel rates remained unchanged. This stability, however, is precarious, with potential hikes looming if international oil prices continue their ascent.

In a communication to all zones, the Railway Board has directed them to conduct detailed inspections of train rakes and prepare time-bound action plans to address deficiencies in passenger amenities.

Paytm said that there would be no direct financial impact on One 97 Communications, noting that its investment in Paytm Payments Bank had already been fully impaired as of March 31, 2024.