Business & Economy

New Delhi: Shares of Cupid Limited, a leading manufacturer of condoms, water-based lubricants, and IVD kits, surged as much as 11% on Tuesday, giving investors spectacular returns over the past six months. Intraday, the stock touched ₹433, rebounding strongly after a sharp fall over the last two trading sessions. Cupid’s shares have delivered phenomenal growth in recent months. A six-month investment of ₹1 lakh in the stock would have grown to nearly ₹4 lakh today—a 300% gain. Over the past year, the stock has skyrocketed more than 400%, turning ₹1 lakh into ₹5.32 lakh. This performance cements Cupid’s status as a multibagger in the Indian market. Tuesday’s RallyAt 12:30 PM on BSE, Cupid shares were trading at ₹423.95, up 8.68%. The sharp recovery follows recent heavy losses, where t...

New Delhi: Domestic stock markets witnessed a sharp decline for the second consecutive day, triggered by concerns over potential U.S. tariffs on Indian imports. During the trading session, the BSE Sensex fell more than 500 points, while the Nifty lost around 100 points. Shares of Reliance, Trent, HDFC Bank, and Infosys bore the brunt of the fall. At 2:23 PM, the Sensex was down 525.72 points, or 0.62%, at 84,913.90, while the Nifty on the National Stock Exchange (NSE) traded 123.25 points lower, down 0.47%, at 26,127.05. Reliance Industries, India’s most valuable company, saw its shares fall nearly 5%, wiping out approximately ₹1 lakh crore from its market capitalization. Sector and Stock MoversAmong Nifty constituents, Trent, Reliance, and Tata Motors Passenger Vehicles saw the stee...

New Delhi: Shares of India and Asia’s wealthiest industrialist Mukesh Ambani’s Reliance Industries Limited (RIL) tumbled over 5% today, erasing nearly ₹1 lakh crore from the company’s market capitalization. The sudden drop followed a Bloomberg report claiming that three Russian oil tankers were en route to Reliance’s Jamnagar refinery—a claim the company has strongly denied. On the Bombay Stock Exchange (BSE), RIL shares fell sharply to ₹1,497.05 from Monday’s close of ₹1,577.45. The stock opened at ₹1,575.55, but selling pressure remained high throughout the trading session, with volumes surging significantly. Company ResponseIn a statement, Reliance clarified that it does not expect any deliveries of crude oil from Russia in January and has not received any cargoes in the past thre...

New Delhi: Copper, the red metal, is sending shockwaves through the precious metals market. On Monday, copper prices soared past the $13,000-per-ton mark—a historic high—driven by strong demand and supply concerns. Analysts are now wondering whether copper could outpace gold and silver in returns in 2026. On the London Metal Exchange, benchmark copper surged up to 4.7%, continuing a nearly 20% rally since mid-November. According to Bloomberg, this spike reflects growing worries over supply shortages, as traders and investors respond to robust U.S. demand and potential import tariffs. Impact on Consumer GoodsThe rising copper prices are expected to push up the cost of everyday appliances such as air conditioners, mixer grinders, and cookware, as the metal is a key component in electri...

New Delhi: Banks’ loan-to-deposit ratio (LDR) has reached an all-time high. This indicates that the demand for loans is growing much faster than deposits, leading to concerns that interest rates on loans might rise in the future or that customers might not benefit from any rate cuts by the Reserve Bank of India (RBI). In the December quarter, the LDR for Indian banks reached a record 81%, meaning banks are lending out 81% of the funds they are receiving as deposits. This shows that loan demand is outpacing deposit growth, putting pressure on banks to raise funds more expensively. This development could have a direct impact on customers. Higher costs for banks to raise funds might lead to higher loan rates, or if RBI cuts interest rates, those benefits may not reach customers. As a re...

New Delhi: After endorsing snacks, Bollywood legend Amitabh Bachchan will now promote packaged water. Mukesh Ambani’s company, Reliance Consumer Products Limited (RCPL), has signed a deal with Bachchan to make him the brand ambassador for its bottled water brand, ‘Campa Sure’. According to Economic Times, the deal is for one year. Reliance expects that Bachchan’s immense popularity will help them make ‘Campa Sure’ available to consumers at a more affordable price. The company has adopted a pricing strategy similar to what it used for its cola drinks. The price of ‘Campa Sure’ is set 20-30% lower than competitors like Bisleri, Coca-Cola’s Kinley, and PepsiCo’s Aquafina. Third Major Endorsement DealThis marks the third major endorsement deal for Reliance’s FMCG division (Fast-Moving Co...

New Delhi: The shares of Tata Group’s retail company, Trent, saw a significant decline today, plummeting by over 8% as soon as the market opened. Despite the company's revenue increasing by 17% in the December quarter, it fell short of market expectations, leading to a sell-off. As a result, renowned investor Radhakishan Damani faced a substantial loss. Trent’s stock dropped by 8.3% to ₹4,060.65 on the Bombay Stock Exchange (BSE) during early trading. The company’s standalone revenue for the December quarter stood at ₹5,220 crore, which marks a 17% year-on-year growth. However, it did not meet market expectations, which led to selling pressure on the stock. As a result, the company’s market capitalization dropped by ₹13,000 crore. According to a report by Business Today, prominent in...

New Delhi: The prices of gold and silver surged again on Tuesday, with silver crossing the ₹2.5 lakh per kilogram mark. On the Multi Commodity Exchange (MCX), silver for March delivery rose by more than 1.5% during early trading. By 10 AM, it was trading at ₹2,50,238 per kilogram, a jump of over ₹4,000. From Monday to Tuesday morning, silver prices surged by more than ₹17,000. Similarly, gold also saw an increase on Tuesday morning. The price of gold for February delivery on MCX rose by ₹420 to ₹1,38,540 per 10 grams by 10 AM. On Monday, the price had increased by over ₹2,000. On Monday, silver prices on MCX had surged by ₹13,584 per kilogram, reaching a high of ₹2,49,900 during the day. On Friday, silver had closed at ₹2,35,873. Why Did Silver Prices Rise? The increase in silver ...

New Delhi: Mukesh Ambani’s company, Reliance Industries Limited (RIL), has issued a statement rejecting reports claiming that Russian oil tankers are en route to its Jamnagar refinery. The company has refuted these reports, calling them completely false and stating that they are tarnishing its reputation. According to Reliance, no Russian oil deliveries have been made to its refinery in the last three weeks, and it does not expect any Russian crude oil deliveries in January. In a statement released on X (formerly Twitter) on Tuesday, Reliance Industries clarified that a Bloomberg report, which claimed three Russian oil-laden ships were heading towards Reliance’s Jamnagar refinery, was untrue. The company expressed disappointment that the report was published despite their denial. Rel...

New Delhi: The Reserve Bank of India (RBI) has introduced stricter regulations for banks regarding loan disbursements. Under the new rules, banks will no longer be able to offer loans to their promoters, major shareholders, or their relatives, as well as to companies that are controlled or significantly influenced by them. These new regulations will come into effect from April 1, 2026. The primary aim of these changes is to improve governance, transparency, and oversight in banks. While the RBI clarified that shareholding alone will not fall under these new rules, investments made by banks in the debt instruments of these individuals or companies will be covered by the new guidelines. What’s New?From now on, banks must implement board-approved policies outlining how they will handle ...