Savings Effect

61% OF AMERICANS SAY THE IRAN WAR IS A “MISTAKE,” PER WAPO-ABC POLL IT TOOK OVER 3 YEARS TO REACH SIMILAR LEVELS IN IRAQ AND ABOUT 6 YEARS IN VIETNAM

Zen Tech Q4 --Profit Down 68.8% At Rs 31.5 Cr Vs Rs 101.1 Cr (YoY) --Revenue Down 45.2% At Rs 178.1 Cr Vs Rs 324.9 Cr (YoY) --EBITDA Down 63.1% At Rs 51 Cr Vs Rs 138 Cr (YoY) --Margins At 28.6% Vs 42.5% (YoY)

The Directorate of Enforcement (ED) returned ₹32,678 crore of attached assets to fraud victims and other claimants in fiscal year 2025-26 (FY26), more than double the amount restituted a year earlier, underscoring an acceleration in its anti-money laundering drive.

Indus Towers sees LPG-driven supply tightness; pushes Africa expansion

Govt may hike petrol, diesel prices after 4-year freeze as crude remains high: Report

IndiGo, SpiceJet shares to remain in focus on Monday as aviation fuel prices kept unchanged for domestic carriers

🚨🚨 GST collections for April up by 8.7% at ₹2.42 lakh crore

Refined fuel exports from India drop 25% in March on weak diesel, ATF shipments

The Trump administration is arguing that the war in Iran has already ended because of the ceasefire that began in early April, an interpretation that would allow the White House to avoid the need to seek congressional approval.

Nasdaq-listed IT services firm Cognizant is likely to cut 7,000-15,000 jobs as part of its Project Leap programme, according to people familiar with the matter. The move is aimed at making Cognizant’s operating model more attuned to AI as the IT services company navigates a volatile macroeconomic environment and weak client demand.

On May 1, the govt hiked commercial LPG prices by ₹993 and revised export duties on diesel and ATF, while keeping retail petrol and diesel rates stable.

Oil rose on Friday as efforts to resolve the Iran conflict have hit an impasse, ​with Tehran still blocking the Strait of Hormuz ​and the US Navy blocking exports of Iranian crude. Brent crude futures ‌for July rose $1.19, or 1.08%, to $111.59 a barrel by 0149 GMT, while West Texas Intermediate futures were up 39 cents, or 0.37%, to $105.46.

April Auto Sales Of Hero Moto Corp Total Sales Up 85.4% At 5.66 Lk Units Vs 3.05 Lk Units (YoY) Scooter Sales At 64,295 Units Vs 19,317 Units (YoY) Motorcycle Sales Up 75.2% At 5.01 Lk Units Vs 2.86 Lk Units (YoY) Export Sales At 33,653 Units Vs 16,882 Units (YoY)

RBI keeps repo rate at 6.5% The Reserve Bank of India announced today that it will maintain the repo rate at 6.5%, in line with market expectations. Governor Shaktikanta Das cited inflation concerns as the primary reason for the pause.