Iran faces a critical storage crunch, with only weeks of capacity left, potentially forcing production cuts of 1.5 million barrels per day. Despite a sharp drop in oil exports due to a naval blockade, the immediate financial impact on Tehran may be delayed for several months.
New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India’s IPO
Goldman Sachs maintained a buy rating on Reliance Industries, citing potential margin recovery and strong retail growth despite a Q4FY26 EBITDA miss. Nomura also holds a buy on Axis Bank, highlighting attractive valuations and strong loan growth. HSBC recommends buying Shriram Finance, anticipating RoA expansion despite revised AUM growth forecasts.
Stock market recommendations: Lupin, Jio Financial Services, Adani Ports and Special Economic Zone are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends for buying on April 28, 2026.
India’s telecom regulator is seeking public input to boost affordable internet access through Wi-Fi. Trai acknowledges the current public Wi-Fi network is small and fragmented, failing to meet accessibility goals despite government efforts. The authority aims to identify and address regulatory, operational, and business hurdles hindering growth and explore new models.
Automakers are bracing for significant cost hikes as raw material prices, including steel, metals, and plastics, have surged dramatically. This escalation, driven by global events and increased demand for key components, is expected to squeeze profit margins and potentially dampen vehicle sales in the coming months.
