Ashoka Buildcon Ltd has emerged as the lowest bidder for the Central Railway’s gauge conversion project worth Rs 568.86 crore, excluding GST. The project scope includes the construction of earthwork, major and minor bridges, RUBs, P-Way work, and other civil works along the 53.3-km stretch between Pachora and Jamner, excluding Pachora Yard and road over bridges. The project is expected to be completed in 30 months.
The contract involves setting up a 400/220 KV substation at Nandgaon Peth in Amravati, along with associated transmission lines. The project timeline is 18 months, excluding the monsoon period, the company said.
Revolt Motors has officially began operations in Nepal with the launch of its first dealership in the heart of Kathmandu.
Although tariffs will raise substantial revenue for the United States, this may lead to decreased economic activity and lower consumer purchasing power, said Vipul Bhowar….Read More
Poonawalla Fincorp has expanded its portfolio of secured lending products with the launch of its Gold Loan Business. T
With faster approvals in less than 30 minutes, minimal documentation, and multiple repayment options, customers can unlock the value of their gold without selling it.
Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 277 points or 1.19 percent. The Nifty futures were trading around 23,299.50 level.
Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.
Brent crude futures gained 27 cents, or 0.42%, to $65.15 per barrel, while U.S. West Texas Intermediate crude rose 26 cents, also 0.42%, to $61.79.
Japanese stocks led gains in Asia while US stock futures edged down as investors continued to evaluate mixed messages on tariffs from the Trump administration.
The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the back-and-forth changes on U.S. tariffs.
Still, currency markets were a lot calmer in early Asian hours after last week’s turmoil that badly bruised the dollar despite a surge in Treasury yields, highlighting the shaky investor confidence in the greenback and U.S. assets.
The dollar was 0.27% higher at 143.53 yen but remained close to the six month low of 142.05 it touched on Friday. The euro eased 0.22% to $1.1324 just below the three-year high of $1.1474 hit last week.
According to experts, the 22,900–23,000 zone (20-day and 50-day EMAs) is likely to be the immediate resistance area. If the Nifty 50 surpasses this, it could close the large bearish gap from April 7. Above this level, the 23,200–23,400 zone is expected to act as a crucial hurdle….Read More
An unexpected pause on reciprocal tariffs by the US provided relief in the midst of the uncertainty. Though the IT major’s result missed the street estimates, it opines optimism in the latter half of FY26 owing to growth in the order book.
Any development in the bilateral trade negotiations can alter the near-term outlook on the export-driven sectors.
The supportive domestic environment with an ease in interest rates and a benign inflation trajectory is encouraging investors to have a balanced portfolio to aid in a better risk-reward in the long term
India’s industrial output slowed in February with growth declining to a six-month low of 2.9 percent in February from 5.2 percent in the previous month, data released on April 11 shows.
The trend mirrors the performance of the core sector, which has a 40 percent weight in the index of industrial production (IIP).
In the April-February period, growth at 4.1 percent was slower than 6 percent witnessed during a similar period in the previous fiscal.
Among the three major sectors, electricity was the only sector to grow at a faster clip at 3.6 percent compared with 2.4 percent in the previous month, while growth in manufacturing and mining sectors tapered.
Manufacturing grew 2.9 percent in February compared with 5.8 percent in the previous month, while mining growth slowed to four-month low of 1.6 percent from 4.4 percent in February.
The Foreign institutional investors (FIIs) extended their selling on ninth day on April 11 as they sold equities worth Rs 2519 crore, however, Domestic institutional investors (DIIs) bought equities of Rs 3759 crore on same day….Read More
#1 Asian markets mostly rise after tech rally pushes Wall Street higher
#2 Japanese auto stocks rise after Trump says ‘looking to help’ auto companies
#3 GIFT Nifty implies positive start
#4 US futures slip as investors await Q1 earnings reports
#5 Fed’s Waller sees tariff inflation impact as ‘transitory’, says rate cuts still on the table
#6 EU pauses countermeasures against US until July
#7 European markets end higher as Trump tariff exemptions boost sentiment
#8 US stocks end higher buoyed by tech stocks
#9 Trump exempts phones, computers and chips from new tariffs
#10 US begins inquiry into pharma, chip imports in a bid to impose tariffs
#11 US 10-year yield drops around 11 bps to 4.3 percent
#12 US dollar index fell below 100 for the first since time 2022
#13 Gold takes a breather after record run as risk sentiment improves
#14 Crude steady near USD 65 after OPEC cuts demand forecast on Trump tariffs
#15 OPEC sees oil demand growing by 1.3 mbpd this year and next year