IBT Business Desk

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No material concerns, HDFC Bank has sound financials: RBI

No material concerns, HDFC Bank has sound financials: RBI

The RBI confirmed that the bank is well-capitalised, has sufficient liquidity, and continues to be managed by a professional board and competent leadership. It also approved a temporary transition arrangement, appointing Keki Mistry as interim part-time chairman for three months starting March 19. Mar 19, 2026
US‑Iran‑Israel war: Rupee hits record low of ₹92.18 against US dollar amid surging oil prices and geopolitical tensions

Rupee hits record low of 92.63 amid firm dollar, import pressures

The Indian rupee weakened to a record low of 92.63 against the US dollar, surpassing its previous all-time low amid ongoing Middle East tensions. Elevated oil prices driven by the conflict have increased import costs, triggered capital outflows, and heightened macroeconomic risks for India Mar 18, 2026
Gold, silver prices climb ahead of key US Fed meet

Gold, silver prices climb ahead of key US Fed meet

Gold and silver prices rose on Tuesday ahead of the US Federal Reserve's two-day policy meeting starting March 17. On the MCX, gold futures (April 2) traded at Rs 1,57,145 per 10 grams, up Rs 1,409 (1%), while silver futures (May 5) climbed 2.4% to Rs 2,62,899 per kg. Mar 17, 2026
Adani Power wins deal for 1,600 MW power supply to MSEDCL

Adani Power wins deal for 1,600 MW power supply to MSEDCL

The company emerged as the lowest bidder with a tariff of Rs 5.30 per kWh. The deal strengthens Adani Power's long-term power supply portfolio and supports India's plan to expand thermal power capacity to meet rising electricity demand. Mar 15, 2026
India headed to become world's 3rd largest economy soon: Report

India headed to become world's 3rd largest economy soon: Report

The Bharat Progress Report 2025-26 by the NXT Foundation highlights India's rapid economic and technological growth, noting that the country became the world's fourth-largest economy in 2025, overtaking Japan with a GDP of about $4.18 trillion. Mar 15, 2026
Gold dips 0.73 pc this week amid profit booking, dollar surge

Gold falls 0.73% this week as profit-taking rises, dollar strengthens

Gold prices fell 0.73% over the week due to profit booking and a stronger US dollar, with MCX February gold futures at Rs 1,58,400 and silver futures at Rs 2,59,279 per kg. Despite the pullback, geopolitical tensions and elevated crude oil prices continue to support safe-haven demand. Mar 14, 2026