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US Navy Secretary John Phelan was ousted from his job on Wednesday, in a surprise announcement from the Pentagon that shocked everyone. The development comes as the US Navy continues to enforce a blockade of Iranian ports
A central figure in the ethnic snacks and sweets industry, Agarwal served as the primary guiding force for the company since its beginning, establishing the now-global 'Bikaji' brand.
Jharkhand's Class 10 board exams saw a 95.27% pass rate, with girls outperforming boys. The overall pass percentage rose by 3.56% from last year, with Gumla district achieving the highest pass rate at 99.32%.
Uttarakhan pacer Akash Madhwal has relaced injured Ayush Mhatre for the remainder of IPL 2026 for CSK. Madhwal had previously played for Mumbai Indians in 2023 and 2024 and for Rajasthan Royals in 2025.
The Indian rupee fell for the fourth consecutive session on Thursday, its longest losing streak since mid-January, as stalled peace talks between the U.S. and Iran lifted oil prices over $100 per barrel.
The ongoing US-Iran conflict has roiled global markets, but a few traders have made outsized gains by placing timely bets in stocks, oil futures, and betting platforms just before key announcements. At least six such instances have raised concerns over possible insider trading, as these trades occurred minutes before major decisions became public.
Maharashtra is preparing an IPO for its power distribution arm MSEDCL, aiming to raise $500 million to $1 billion. The move, supported by balance sheet restructuring and business separation, could mark a rare listing in the sector and test reforms in India’s loss-making electricity distribution industry amid improving financial performance.
Aditya Birla Sun Life AMC reported an 18% year-on-year decline in Q4 profit, even as revenue saw modest growth. The company announced a Rs 25.50 dividend per share. Despite weak earnings and higher expenses, the stock gained nearly 6%, supported by investor sentiment and stable AUM performance.
Julia Varvaro has been placed on administrative leave. The 29-year-old DHS official is involved in a ‘Sugar Daddy’ scandal. But before her, there were others involved in similar controversies.
“If Indian data continues to be used to train global models without building domestic capability, India risks becoming a permanent consumer in the AI economy,” the brokerage firm observed.
Sterling and Wilson Renewable Energy reported a 143% jump in Q4 net profit to Rs 135 crore, but revenue declined 23% year-on-year to Rs 1,946 crore, indicating improved profitability despite lower sales.
Tata Tele Services has marked a noteworthy achievement with a fourth-quarter profit of Rs 581 crore, driven by remarkable exceptional items. While revenue from operations took a hit, the company’s operating profit margin saw a noticeable improvement. Nonetheless, the persistent burden of heavy interest payments remains a challenge to profitability.
European shares edged lower on Thursday as escalating shipping concerns in the strategic Strait of Hormuz dampened investor sentiment, while market participants assessed a wave of corporate earnings reports.
Japan's Nikkei share average reversed course on Thursday after briefly topping the 60,000 level, as investors locked in profits from an early rally as the outlook of the war in the Middle East remained unclear.
DSP Mutual fund manager Preethi RS sees a compelling entry point in the BFSI sector, citing healthy credit growth and recovering capital markets. Recent valuation corrections in large private banks, despite structurally lower growth, present attractive opportunities. Midcap banks also offer alpha potential, while FII outflows are viewed as potential bottoming signals.
The clarification came after a report by Kotak Institutional Equities hinted of a steep increase in petrol and diesel prices once the polling for assembly elections in states like West Bengal ends on April 29
Arihant Capital Markets has launched the Arihant Bharat Advantage Fund, a Category III AIF focused on investing in high-potential companies beyond large caps. The fund aims to tap opportunities in under-researched small-, micro-, and nano-cap stocks, which make up nearly 86% of the listed market but receive limited institutional attention.
Norway's $2.2 trillion sovereign wealth fund, the world's largest, on Thursday reported a first-quarter loss of 636 billion Norwegian crowns ($68.44 billion) as the war in the Middle East weighed on global stocks.
