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India's military spending rose by 8.9% to $92.1 billion in 2025, making it the fifth-largest military spender. Global military spending reached $2,887 billion, driven by conflicts and geopolitical tensions. Pakistan's military expenditure also increased by 11%, reflecting ongoing regional tensions.
Silver prices declined by Rs 1,137 to Rs 2.36 lakh per kilogram in futures trade on Wednesday as traders trimmed positions amid concerns over elevated crude oil rates and strengthening of the US dollar.
Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net interest income (NII) rose 11% to Rs 7,110 crore in Q4FY26, compared with Rs 6,389.34 crore in the corresponding quarter of the previous financial year.
European shares dipped on Wednesday, as investors turned their focus to a packed day of corporate earnings, while a continuing U.S.-Iran impasse also kept risk sentiment in check.
Vedanta Q4 Results: Vedanta announced a significant financial performance for the March quarter. The company's net profit soared by 92% year-on-year to Rs 6,698 crore. Total revenues also saw a substantial increase of 47% year-on-year. Vedanta achieved its best-ever EBITDA and a record Return on Capital Employed. The net debt to EBITDA ratio improved considerably, marking a 14-quarter high.
Following a tragic flood that claimed 27 lives, Camp Mystic's director vowed to improve safety training. Families are suing for negligence due to inadequate emergency preparedness. The camp will remain closed in certain areas, and a memorial for victims is in the works.
The UAE's exit from OPEC may weaken the cartel's influence over oil prices, with analysts noting potential volatility in the market. The closure of the Strait of Hormuz is exacerbating supply constraints, driving oil prices higher amid the ongoing conflict in the region.
Oil prices rose nearly 3% on Wednesday, with the Brent contract hitting a one-month high, on media reports the U.S. will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region.
Piccadily Agro Industries Ltd, maker of single malt whisky Indri and Camikara Rum, has reported a 13.6 per cent increase in its net profit to Rs 45.22 crore for the March quarter of FY26 on a year-on-year basis, driven by its premium alchoBev portfolio.
ITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much as 17% in May. The hike follows higher excise duties implemented earlier this year. Investor sentiment improved as the companies continue passing on increased costs to consumers.
Markets are oscillating between sentiment and fundamentals, with global disruptions impacting near-term earnings. Raunak Onkar of PPFAS Mutual Fund highlights that while growth expectations are long-term, supply chain issues may affect upcoming quarters. He remains positive on the structural trajectory of financial services and technology, despite AI concerns.
Diane Hendricks, billionaire and chairperson of ABC Supply, emphasized the one should focus on learning from successful entrepreneurs to avoid pitfalls in wealth management. A prominent figure in American business, she has a net worth of $22.3 billion.
Maruti Suzuki anticipates a strong 10% volume growth in FY27, supported by new production lines. The company's outlook is bolstered by healthy demand, especially from rural markets. Margin recovery will be a gradual process, with Maruti carefully managing input cost increases. Exports are expected to remain stable. The company is well-positioned for the upcoming fiscal year.
The US State Department has instructed consular officers worldwide to deny visas to applicants who say they fear harm in their home country, a directive that creates a direct conflict with existing asylum law.
Blackstone-backed Bagmane Prime Office REIT on Wednesday fixed a price band of Rs 95-100 per unit for its Rs 3,405-crore initial public offering (IPO), which will open for subscription on May 5.
Foreign investors have pulled more than $20 billion out of Indian equities in the first four months of 2026, surpassing last year's record annual exit, as an Iran war-driven spike in oil prices soured sentiment on Asia's third-largest economy and one of the biggest importers of crude oil.
Indian education firm Allen Career Institute, backed by James Murdoch and Uday Shankar's Bodhi Tree Systems, is reportedly exploring an initial public offering in Mumbai. The company, a specialist in competitive test preparation, has been in discussions with investment banks about a potential listing. Deliberations are ongoing, and a final decision on the IPO has not yet been made.
Australian shares closed at a near four-week low on Wednesday but pared early losses after a softer-than-expected measure of core inflation cooled expectations of a May rate hike, although underlying inflationary trends remain a concern.
