Oil at $120 Could Hit Growth
Your daily bite of business & market news 🗞️
🗞️ Coal India Shares Fall Amid Cost Pressures
Coal India shares declined as the company absorbed rising costs and reduced e-auction prices.
The move signals margin pressure despite strong demand fundamentals in the coal sector.
💬 Expert Take — “Cost absorption by PSU giants like Coal India often indicates near-term earnings pressure, even in structurally strong sectors.”
🗞️ Oil Could Hit $120 on Prolonged Conflict
According to JP Morgan, oil prices could surge to $120 if tensions in the Strait of Hormuz persist.
The outlook highlights a key macro risk for global inflation and India’s growth trajectory.
🗞️ India Adds Record 45 GW Solar Capacity
India achieved a record 45 GW solar capacity addition in FY26.
The milestone reinforces India’s leadership in renewable energy expansion.
🗞️ World Bank Raises India Growth Forecast to 6.6%
The World Bank has increased India’s FY27 growth forecast to 6.6%, driven by strong domestic demand.
The revision reflects confidence in India’s economic resilience.
💬 Expert Take — “Upward revisions from global institutions signal confidence in India’s consumption-led growth model.”
🗞️ Agriculture Seen as Next Growth Engine
According to NITI Aayog, agriculture could emerge as India’s next major growth engine.
Productivity improvements and innovation are key drivers.
🗞️ Daikin to Invest $108M in India R&D
Daikin will invest $108 million to set up its first global R&D centre outside Japan in India.
The investment strengthens India’s position as a global innovation hub.
🗞️ RBI’s Utkarsh 2.0 Focuses on Better Services
The RBI has launched Utkarsh 2.0 with a focus on improving service delivery and regulatory efficiency.
The initiative aims to enhance user experience across financial services.
📊 Market Update
📈 Sensex: 77,550.25 ▲ 918.60 pts (+1.20%)
📈 Nifty 50: 24,050.60 ▲ 275.50 pts (+1.16%)
🪙 Gold (per gram): 24K ₹15,236 ▲ ₹1 | 22K ₹13,966 ▲ ₹1
🥈 Silver (per kg): ₹2,60,100 ▲ ₹100