Lower crude, firmer rupee and easing volatility drive

Indian stocks and currency surged significantly on Monday after crude oil prices collapsed. The BSE Sensex and NSE Nifty both saw substantial gains, reflecting renewed investor confidence. The Indian rupee climbed against the US dollar, nearing its all-time low from the previous week. Lower crude oi

Home First India Finance Company reported a 35% net profit increase for Q1 FY27. The company's operating profit also saw a 33% rise during the same period. Total income for the mortgage lender grew by 19% year-on-year. Assets under management expanded by 26% to Rs 16,938 crore. Gross non-performing

Tata Sons posted standalone net profit of ₹31,961 crore for the year ended March, up from ₹26,232 crore a year ago, while revenue rose 9.1% to ₹42,367 crore. The board suggested a dividend of ₹1,10,717 per share.

Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move

CXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's valuation. The company is now China's most valuable listed firm, surpassing a major bank. Investor interest stems from exposure to the current memory supercycle.