Prime Minister Modi and South Korean President Lee Jae Myung held high-level talks in Delhi, aiming to transform their trusted partnership into a futuristic one. The leaders witnessed the exchange of MoUs, covering cooperation in sectors from chips to ships, talent to technology, and energy.
Prime Minister Narendra Modi will inaugurate a significant refinery-cum-petrochemical complex in Rajasthan’s Pachpadra. Developed by HPCL and the state government, this Rs 79,450 crore facility boasts a 9 MMTPA refining capacity and 2.4 MMTPA petrochemical output. Expected to commence commercial operations in July 2026, it aims to bolster India’s energy security and reduce import reliance.
Gold prices surged significantly this Akshaya Tritiya, prompting consumers to opt for lighter jewellery. Despite the steep rise, demand remained steady, with brands offering discounts and flexible payment options. Jewellers also leveraged quick commerce for wider reach, indicating a shift towards more calculated, value-driven purchases and sustained investment in digital gold and ETFs.
Indian workers are putting in fewer hours weekly compared to pre-pandemic levels, with self-employed individuals seeing the steepest decline. This trend, alongside modest real earnings growth, suggests lower aggregate demand and a recovery driven by a select few. Women’s increased labor force participation, particularly in rural agriculture, indicates distress-led employment.
Bankers anticipate a slowdown in credit growth for FY27, following a robust FY26. Deposit mobilization is becoming a challenge, impacting bank margins. While credit demand is expected from retail, services, and SMEs, industrial lending is set for a gradual recovery. A funding gap is projected, potentially eased by relaxed liquidity norms.
Tata Trusts is seeking to amend a century-old provision barring non-Zoroastrians from serving as trustees of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. This move follows a challenge by a former trustee and aims to align the trust deed with modern values. Separately, a lawyer alleges violations of the Maharashtra Public Trusts Act by
The government is reportedly planning to raise the foreign direct investment cap in the pension sector to 100%, mirroring the insurance industry’s recent liberalization. A bill to amend the PFRDA Act is anticipated in upcoming parliamentary sessions. This move aims to boost foreign investment and potentially separate the NPS Trust from the PFRDA, according to
Ethane, a natural gas liquid, is mainly used to produce ethylene, a core input for plastics. China relies almost entirely on the United States for these supplies.
Stock market recommendations: APL Apollo Tubes, and HDFC Asset Management Company are Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities’ top stock picks for this week. Below are his stock picks and also views on Nifty.
Gold price prediction today: Gold prices are expected to continue being volatile in the coming days on uncertainty related to the US-Iran war and inflation data this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
