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Vedanta shares are poised for a significant adjustment tomorrow following a special pre-open session, with analysts projecting a price range of Rs 250-325 post-demerger. The company's restructuring will see shareholders receive one share each of four new entities for every Vedanta share held. This move aims to unlock value by separating its diverse business segments.
Bajaj Finance Q4 results: Bajaj Finance reported a 22% YoY rise in Q4 FY26 net profit to Rs 5,553 crore, driven by strong loan growth and customer additions. AUM crossed Rs 5.09 lakh crore, up 22%. Asset quality remained stable, with GNPA at 1.01%. Board recommended Rs 6 dividend per share for the FY26 period.
Investors await earnings reports from Alphabet, Meta, and Microsoft after trading ends Wednesday. These tech giants' results will guide market sentiment. Focus will be on their artificial intelligence spending and revenue growth. Expectations are high for cloud services and AI infrastructure. Any slippage in outlooks could increase market volatility. Amazon's earnings are also anticipated.
Online travel platform MakeMyTrip is reportedly considering a Mumbai listing by the first quarter of 2027, engaging Axis Capital, Morgan Stanley, and JPMorgan as advisors. This move aims to access domestic capital and provide Indian-listed equity for growth initiatives. The company's Nasdaq shares have seen a significant decline over the past year.
After pornographic content disrupted virtual court proceedings, the Delhi High Court filed a complaint with the Delhi Police. The Chief Justice emphasized that recording court sessions is forbidden and assured that appropriate measures will be taken against those responsible for the incident.
Crude oil prices surged to near $115 per barrel, the highest since June 2022, driven by escalating Iran conflict tensions and supply risks. Analysts warn that prolonged disruptions and stalled negotiations could push prices towards $150, with the Strait of Hormuz remaining a key flashpoint for global energy markets.
Robert Kiyosaki warns that rising oil prices and escalating tensions between Iran and the United States could trigger a major market crash in 2026–27, possibly akin to a “Great Depression.”
The Indian rupee fell to a record closing low on Wednesday, pressured by rising oil prices as efforts to end the Iran conflict remained stalled, while persistent foreign selling of Indian assets added to the strain.
Bandhan Bank is showing signs of recovery, with its Managing Director and CEO highlighting a repaired balance sheet and cautious optimism for the future. The bank has seen NIMs stabilize due to lower funding costs and reduced slippages, while asset quality has significantly improved, leading to a downward trend in credit costs.
India’s smallcap stocks are posting their best monthly gain in 12 years, driven by improved earnings outlook and attractive valuations after correction. Despite geopolitical risks and largecap weakness, retail investors are returning, signalling risk appetite and confidence in earnings recovery.
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.
