📌 India Launches $1.5 Billion Maritime Insurance Pool
India rolled out a major maritime insurance initiative and issued its first covers to strengthen shipping resilience amid global uncertainties.
📌 Retail Inflation Rises To 3.48% In April
Higher food prices pushed India’s retail inflation upward, with tomatoes and essential items contributing to the increase.
📌 PSBs Post Record ₹1.98 Trillion Profit
Public sector banks reported an 11.2% rise in FY26 net profit, marking their highest-ever annual earnings performance.
📌 Rupee Hits Fresh Low Against Dollar
The Indian rupee weakened to 95.75 per dollar amid rising crude oil prices and sustained foreign investor outflows.
📌 Moody’s Cuts India Growth Forecast To 6%
The global ratings agency lowered India’s 2026 growth outlook, citing elevated energy prices and global economic pressures.
📌 India Cuts Oil & Gas Royalty Rates
The Centre announced major upstream reforms by reducing crude oil and natural gas royalty rates to boost domestic production.
📌 Govt Hikes Customs Duty On Precious Metals
The Centre increased customs duty on gold, silver and select metals, likely impacting jewellery prices and imports.
📌 Sensex, Nifty End Lower Amid Global Pressure
Indian equity markets closed under pressure as investors tracked rising crude prices, global uncertainty and foreign fund outflows.
