India

The financial ecosystem surrounding the Indian Premier League continues to expand at an extraordinary pace, reinforcing the tournament’s position as one of the world’s most commercially powerful sporting properties. A new industry assessment has identified Virat Kohli as the league’s highest-earning player, with cumulative earnings estimated at Rs 230 crore through his long-standing association with Royal Challengers Bengaluru.

Silver prices witnessed a notable decline on Tuesday as traders reduced their exposure amid weakening market sentiment and profit-booking activity. On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs. 2,411, or 0.87 percent, settling at Rs. 2,74,240 per kilogram. The downturn reflected cautious investor behavior as participants reassessed short-term price momentum in precious metals. Analysts indicated that a combination of global uncertainty, shifting speculative positions, and fluctuating industrial demand contributed to the correction.

Genus Power Infrastructures⁠ reported a sharp rise in quarterly earnings for the March quarter, driven by robust growth in its smart metering business and faster execution of large-scale utility projects. The company posted a 41 percent year-on-year increase in net profit to Rs. 180.7 crore, supported by a significant jump in revenue to Rs. 1,523.7 crore. The strong performance reflects accelerating adoption of smart energy infrastructure across India, as state utilities continue investing in power distribution modernization.

Shares of India’s leading oil marketing companies surged on Tuesday after state-run fuel retailers raised petrol and diesel prices for the second time within a week, ending an extended period of price stability that had lasted nearly four years. Investors responded positively to expectations that improved pricing flexibility could strengthen the profitability of public sector refiners and fuel distributors.

The Reserve Bank of India has promoted Gunveer Singh to the position of Executive Director, reinforcing the central bank’s focus on strengthening India’s rapidly evolving payments and settlement ecosystem. Singh previously led the Department of Payment and Settlement Systems as Chief General Manager-in-Charge, playing a significant role in overseeing critical aspects of the country’s digital financial infrastructure.

India witnessed a fresh increase in retail fuel prices on Friday after oil marketing companies raised petrol and diesel rates by Rs 3 per litre each, reflecting rising pressure from elevated global energy prices. The move marks another significant adjustment in domestic fuel costs as international crude oil markets remain volatile amid geopolitical tensions and supply-side uncertainties. Analysts believe the price revision could have broader implications for inflation, transportation costs, and household spending patterns.

India’s public sector banking industry recorded a significant improvement in asset quality during fiscal year 2025-26, with loan write-offs falling to multi-year lows across several major lenders. The decline reflects stronger recovery mechanisms, reduced bad loan inflows, and improved credit discipline across the banking system. Major institutions including Bank of Baroda, Punjab National Bank and Union Bank of India reported some of their lowest write-off levels in years.

India’s benchmark equity indices ended lower on Friday after surrendering strong early gains amid renewed investor concerns over surging crude oil prices and sector-specific selling pressure. The BSE Sensex declined 160.73 points to close at 75,237.99, while the NSE Nifty slipped 46.10 points to settle at 23,643.50, breaking a two-session winning streak. Weakness in metal, oil and gas, and PSU banking stocks weighed heavily on sentiment despite a positive start to the trading session.

Ola Electric Mobility Ltd has approved a major capital infusion of Rs 2,000 crore into its technology and battery subsidiaries as the company accelerates efforts to strengthen its position in India’s rapidly evolving electric vehicle market. The investment, cleared during a board meeting on May 15, includes Rs 500 crore allocated to Ola Cell Technologies Pvt Ltd through compulsory convertible preference shares. The move reflects Ola Electric’s long-term strategy to deepen vertical integration, enhance battery manufacturing capabilities, and expand proprietary technology infrastructure.

Flipkart has further consolidated its leadership position in India’s highly competitive e-commerce sector by maintaining an estimated 50-60 percent share of gross merchandise value (GMV) while recording the strongest weekly active user growth among major platforms. Recent market assessments indicate that the company added approximately 8.5 million weekly active users week-on-week, underscoring growing consumer engagement and repeat purchasing behavior.