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U.S. inflation surged in March, driven by rising gasoline prices amid the Iran conflict, with the PCE index recording its sharpest monthly gain in nearly two years. Elevated inflation and steady core pressures have reinforced expectations of prolonged higher interest rates, while real consumer spending growth showed signs of slowing.
A cruise boat tragedy at Bargi Dam claimed 7 lives. A total of 15 people have been rescued so far. Madhya Pradesh authorities are investigating the incident and Search and rescue operations are underway.
Oil prices stay above $110 a barrel as the Middle East conflict enters its second month. The Strait of Hormuz remains blocked, impacting global supply. Peace talks are stalled, with expectations of a swift agreement fading. Fresh attacks and potential US military strikes are pushing prices higher. Analysts warn of further price increases if the situation escalates.
Iran US War LIVE Updates: Although the ceasefire has been extended, tensions remain high. Iran continues to exert control over the Strait of Hormuz, while the US Navy is enforcing a blockade aimed at stopping Iranian oil shipments from reaching global markets.
Iranian President Masoud Pezeshkian condemned US military and economic pressures, asserting that the naval blockade is a continuation of hostile actions against Iran.
Oil prices climbed Friday as Iran conflict resolution efforts stalled, with Tehran blocking the Strait of Hormuz and the U.S. Navy restricting Iranian crude exports. Brent crude futures rose to $111.59 a barrel, and WTI futures reached $105.46, marking four consecutive months of gains. Tensions escalated with threats of "long and painful strikes" on U.S. positions if attacks resume.
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions in the Strait of Hormuz and a significant drop in India's gold imports due to tax issues also played a role in the market's movements.
Japan's currency, the yen, saw a slight dip against the dollar on Friday. However, it is set for its strongest weekly rise in over two months. This comes after Japanese officials stepped in to support the yen. Investors are watching closely for more action. Oil prices remain high due to threats against US positions.
Effective May 1, the price of a 19-kg commercial LPG cylinder has increased by ₹993, while the 14.2-kg domestic cylinder price remains stable, shielding households from fuel price volatility.
Asian markets rebounded as tech stocks rallied on strong earnings, while Japan intervened to support the yen after its slide. Oil prices eased from four-year peaks amid geopolitical tensions, though Iran's threats kept crude firm. Central banks signaled potential rate hikes, influencing currency movements.
Google's doodle for International Labour Day highlights the importance of all workers, celebrating their contributions to society. Each letter symbolizes different professions, emphasizing diversity and collective effort.
NSE Holidays 2026: Domestic stock exchanges NSE and BSE will be shut for trading on Friday due to Maharashtra Day holiday. There will be no trading on NCDEX, while MCX will resume trading in the evening session.
Bank holiday today: Banks are closed in several cities in the country on 1 May for Labour Day, Maharashtra Day and Buddha Purnima. Check the RBI city-wise holiday list before visiting branches.
Happy Buddha Purnima 2026: This auspicious is celebrated on the full moon day in the month of Vaisakha every year. Also known as Buddha Jayanti, it marks Gautama Buddha's birth, enlightenment (Nirvana) under the Bodhi tree, and passing (Parinirvana). Check out a list of wishes, greetings and quotes.
US equity futures signaled further gains as strong megacap tech earnings propelled Wall Street to record highs. The yen weakened slightly after Japan's intervention to support the currency. Despite Middle East tensions and oil price surges, US stocks saw their best April since 2020, driven by AI and tech resurgence.
Bajaj Auto's board will meet on May 6 to consider a share buyback. This move signals another capital return to shareholders. The company has a strong cash position. The details of the buyback will be announced after the meeting. The trading window for company securities remains closed until May 8.
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a preference for a pause, the central bank may be forced to tighten monetary policy to defend the currency and combat accelerating capital exodus amid an energy crisis.
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
In a gazette notification published on Thursday, 30 April, the government has added a specific proviso for citizenship applicants involving children, which says that ‘the minor child cannot at any time hold the passport of any other country while also holding the Indian passport.’
The Reserve Bank of India's net short forward position surged to a record $104 billion in March, a significant increase from February's $77 billion. This reflects the RBI's continuous intervention to protect the rupee against volatility, impacting India's import cover to under nine months.
