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IIFL Finance is aiming to raise up to $400 million through external commercial borrowings, with Standard Chartered, JPMorgan, and HSBC arranging the deal. This move follows an earlier unsuccessful attempt in March, but improved investor sentiment and strong growth in its gold loan segment have bolstered the company's outlook.
Mahindra & Mahindra shares rose on better-than-expected March quarter results, driven by strong farm equipment market share and automotive segment gains. While automotive demand is expected to continue, tractor volume growth may moderate due to a high base and anticipated weaker monsoon. Input cost pressures led to a sequential drop in Ebitda margin, despite price hikes.
Marico MD and CEO Saugata Gupta stated that large consumer goods companies are better positioned than smaller rivals to handle current market volatility. He anticipates supply shocks and inflation cycles will widen this gap, even as demand remains steady.
The Indian rupee hit fresh record lows, breaching 95 to a dollar, as firm oil prices above $110 a barrel fueled concerns about inflation and the balance of payments. The Reserve Bank of India intervened to support the currency, but limited inflows and increased risk aversion continue to pressure the rupee.
The Nifty Smallcap 100 index surged 18.4% in April, its third-highest monthly gain since inception. Historical data suggests this could lead to further gains over the next 12 months, though elevated valuations present a potential cap on upside. Experts remain positive on small caps for an 18-24 month view, but caution that current valuations are richer than in prior episodes.
US Iran war LIVE: Rubio pointed to Iran’s development of advanced centrifuges, ongoing uranium enrichment, and the construction of underground facilities as evidence that the government is not genuinely committed to its no-nuclear pledge, AP reported.
World News Today Live Updates on May 6, 2026: Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news, and the trends shaping our interconnected world, all in one place.
Defence Secretary Pete Hegseth confirmed Iran doesn't have attack dolphins — but refused to say whether the US does. Inside the 65-year-old Navy programme training dolphins to hunt mines and protect warships.
The unchanged timeline highlights ongoing uncertainty over whether military strikes alone can significantly delay Iran’s nuclear ambitions without targeting its remaining enriched uranium stockpiles.
US President Donald Trump's administration has sued Colorado's largest city, Denver, on Tuesday. The development comes as the Department of Justice is seeking the city to repeal its 1989 assault weapons ban, a day after its mayor publicly rejected the call.
A Southwest Airlines flight on April 30 was delayed over an hour after Bebop, a 70-pound humanoid robot, raised safety concerns. Its lithium battery exceeded limits, requiring checks and reseating. The robot had its own seat, and the incident sparked debate online about publicity.
The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Intel and strong quarterly earnings. A U.S.-Iran ceasefire held, easing geopolitical concerns. Investors focused on robust corporate profits, with S&P 500 companies on track for significant year-over-year earnings growth, bolstering market optimism.
In light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lending, particularly with gold jewellery. This strategic pivot will see the bank prioritize wholesale and small business loans, anticipating a more measured growth in its gold loan portfolio this year.
Union Home Minister Amit Shah on Tuesday noted that an amendment bill approved by the Union Cabinet to increase the strength of the Supreme Court will provide relief to poor and remote petitioners.
The government has cleared a ₹5,000-crore relief package for Indian passenger airlines hit by rising jet fuel costs and geopolitical disruptions. Eligible airlines can secure up to ₹1,500 crore in credit, benefiting from a seven-year repayment plan with a two-year moratorium.
Delhi Capitals persisted with Pathum Nissanka at the top an dropped experienced and proven middle-order batter David Miller against CSK in IPL 2026. Nissanka has so far managed just a single fifty-plus score in IPL 2026.
The SEC proposed ending mandatory quarterly earnings reports for U.S. companies, allowing them to switch to twice-annual filings. This move, supported by some corporations and investment banks, aims to reduce burdens and foster long-term planning. However, some investors argue quarterly reports enhance market transparency and reduce volatility, setting up a debate.
