The capital market regulator has not approved three names that India's largest commodity derivatives exchange proposed for a new chief executive, a post which falls vacant on 10 May when the current boss leaves after a five-year term. Instead, the Securities and Exchange Board of India (Sebi) has directed Multi Commodity Exchange of India Ltd (MCX) to restart the selection process.

Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Gold and the safe-haven dollar pulled back from near their peaks, and crude oil prices declined as the potential for a major supply disruption waned. Iran said on Friday that it had no plan to retaliate.

📌Wipro has recorded consolidated net profit of Rs 2,834.6 crore for Q4FY24. 📌Zomato has received an order for GST demand of Rs 5.9 crore. 📌Allcargo Gati's total volume, including surface and air express, stood at 111 kt for the month of March 2024. 📌Vodafone Idea will close its FPO of Rs 18,000 crore on April 22. 📌Ircon International received a VAT demand of Rs 42.87 crore.

📌Multi-Commodity Exchange opens doors to overseas investors for oil and gas derivatives. 📌Eight foreign investors in Adani Group look to settle violation issues with regulator. 📌Tata Sons to stop on-lending bank borrowings to group firms to avoid NBFC upper layer tag. 📌Adani Green Energy to raise up to $ 500 million from at least two European funders.

Vedanta group firm Hindustan Zinc's earnings show for the fourth quarter saw its net profit decline 21 percent on depressed zinc prices. Hindustan Zinc reported a 21 percent on-year fall at Rs 2,038 crore, hit by falling zinc prices around the world as demand grows at a slower pace than supply. However, despite the fall in profit, brokerages bumped up their target prices on the metal player.

After no official confirmation from either Israel or Iran about Tel Aviv's drone airstrike in Tehran, the Indian stock market witnessed a strong pullback rally on Friday last week. Stocks to buy today: 💰Tata Consumer Products: Buy at ₹1140, target ₹1180, stop loss ₹1110. 💰Tata Motors: Buy at ₹963, target ₹995, stop loss ₹945. 💰Marico: Buy at ₹505, target ₹525, stop loss ₹495.

As India gears up for soaring temperatures this summer, consumer durables are poised to witness a significant surge in demand, fueling a robust economy. Forecasts by the India Meteorological Department (IMD) indicate above-normal maximum temperatures from April to June, coupled with heightened heatwave days in various regions across the country.

The Reserve Bank of India has directed all regulated payment companies to track high-value or suspicious transactions during the course of general elections, according to multiple senior executives in the know. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms.

HDFC Bank managing director Sashidhar Jagdishan said the lender will not be chasing growth for the sake of growth and will be delighted even if the margins remain at the current levels . Addressing analysts on Saturday, soon after the bank declared its fourth quarter results, he declined to give any guidance but said the bank will have a positive bias towards growth over the next 2-3 years.

By Ajit Mishra Markets edged lower amid excessive volatility and lost over one and a half percent, tracking feeble global cues. The tone was negative from the beginning, which further deteriorated with a decline in world indices however rebound on Friday trimmed some losses. Finally, both the benchmark indices, Nifty and Sensex, settled at 22,147 and 73,088.33 levels respectively.

Federal Reserve officials are about to get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Policymakers' preferred inflation gauge - the personal consumption expenditures price index - probably stayed elevated in March, according to data due in the coming week.

India's rupee and government bonds will move this week based on developments in the Middle East crisis as well as a key U.S. inflation gauge that will impact the interest rate outlook. The rupee dropped to a record low of 83.5750 to the U.S. dollar on Friday amid worries over a wider conflict in the Middle East and expectations that U.S. interest rates are likely to remain higher for longer.

Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in Middle East after Israel's apparently small strike on Iran. Brent futures fell 54 cents, or 0.6%, to $86.75 a barrel by 1218 GMT. U.S. crude inventories rose by 2.7 mn barrels, Energy Information Administration data showed.

Gold prices edged lower on Monday as higher U.S. Treasury yields weighed on dollar-priced bullion, while investors kept a close watch on any potential escalation in the Middle East conflict. Spot gold fell 0.3% to $2,381.36 per ounce, as of 0054 GMT. U.S. gold futures were down 0.7% to $2,395.80 per ounce. Benchmark 10-year U.S. Treasury yields edged up.

Aditya Birla group company UltraTech Cement has announced the acquisition of a grinding unit from India Cements for Rs 315 crore and said it will invest an additional Rs 504 crore to expand capacity of two units.In a stock exchange filing, UltraTech said its board has approved acquisition "of a grinding unit having installed capacity of 1.1 million tonnes per annum.