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Muthukrishnan Dhandapani, a Chennai-based mutual fund distributor and ex-BJP supporter, went viral on X after revealing that he has been advising Rahul Gandhi on his mutual fund investments since 2013. Despite his political leanings, Dhandapani says Gandhi has always separated politics from professionalism and remained a respectful, long-term client.
JSW Energy announced a significant 38% year-on-year increase in its consolidated net profit for the March-ended quarter, reaching Rs 574 crore. This strong performance was driven by a substantial 41% jump in revenue, which climbed to Rs 4,499 crore in Q4FY26 compared to the previous year's corresponding period.
The Indian rupee experienced its sharpest fall in over a month, reaching a record low against the dollar. Rising crude oil prices, driven by tensions in the Strait of Hormuz, significantly impacted the currency. India's equity markets and government bonds also saw declines.
Chandranath Rath murder case: Probe revealed that the car suspected to have been used by the attackers had crossed the Bali toll plaza before the murder. Here's what happened next.
Iran has implemented new regulations requiring ships to obtain transit authorisation and pay tolls to navigate the Strait of Hormuz, asserting control over this crucial waterway. Iran has reportedly set up the Persian Gulf Strait Authority (PGSA).
Multi Commodity Exchange of India (MCX) achieved record revenue and profit in FY26. Daily trading volume surged significantly. Global market volatility provided a strong tailwind. Retail investor participation grew substantially. MCX is also establishing its prices as India's commodity benchmark. A new coal spot exchange is planned, completing its energy portfolio.
Canara Bank reported a 10% YoY decline in Q4FY26 consolidated net profit to Rs 4,506 crore, while net interest income rose 4% to Rs 9,808 crore. Profit also fell 13% sequentially from the previous quarter. Following the earnings announcement, shares of the PSU lender plunged 7% to hit an intraday low of Rs 130.50 on the NSE.
Chennai-based mutual fund distributor Muthukrishnan Dhandapani, who manages Rahul Gandhi’s investments, says he stopped taking new clients a decade ago—a choice that may have cost him a tenfold rise in income. He insists on keeping work strictly professional, never seeking favours, and values contentment over scaling his business.
Iran's Foreign Minister Seyed Abbas Araghchi is expected to visit India for the BRICS Foreign Ministers' Meeting on May 14-15, reflecting the growing ties between New Delhi and Tehran amid significant geopolitical developments.
A package carrying two gelatin sticks was found nearly a km away from the NICE Road junction near Thathaguni, Kaggalipura, in Bengaluru, Karnataka, on Sunday, nearly one-and-a-half hours ahead of the prime minister's visit.
The consistent interaction with Sukesh and receipt of benefits negates any claim of her being an 'unwitting victim,' and instead highlights her conscious association with Sukesh and his illicit gains, ED said.
Online Instruments (India) has filed draft papers with Sebi for an IPO comprising a fresh issue of up to Rs 750 crore and an OFS of 57.1 lakh shares by promoters. The Bengaluru-based company plans to use the proceeds for debt repayment, working capital needs, acquisitions and general corporate purposes. Rs 160 crore is earmarked for debt repayment.
Global energy markets are experiencing prolonged stress. High crude oil prices and geopolitical risks are impacting India's economy. Policymakers are focusing on external balance and currency management. Fuel prices may see a gradual increase. The government's fiscal book is already strained by energy shocks. Market participants await further policy actions.
The ET Alpha Wealth Summit 2026, hosted by The Economic Times on 4th June in Mumbai, is an exclusive, closed-door event where India’s top investment leaders will decode the next decade of wealth creation. Focused on portfolio repositioning, India-global allocation, alpha generation, market cycles, and wealth continuity, it offers sharp insights and premium networking for serious HNIs and family offices in one high-impact day
Prime Minister Modi's calls for energy conservation highlight India's external vulnerability and fiscal strain due to elevated oil prices. JPMorgan's Sanjay Mookim notes this disruption's prolonged nature, impacting corporate earnings and potentially dampening consumption and capex momentum, shifting market focus to defensives.
PVR Inox Q4 Results: The company's revenue from operations surged 26% year-on-year to Rs 1,547 crore in the March-ended quarter versus Rs 1,230 crore reported in the corresponding quarter of the last financial year.
