Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm
Excise Duty Cut: HPCL, BPCL, IOC shares reverse gains and turn negative; Here’s how it impacts them
Watch here: https://youtu.be/YXbscL3U6dw?si=SBk_K0mHLHLMz_ux
Shares of India’s oil marketing companies, Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation Ltd. (IOC), rose up to 4% after the government has announced a cut to excise duty imposed on petrol and diesel.
The excise duty on petrol has been cut to ₹3 per liter from ₹13 per liter earlier, while the excise duty on diesel has been cut to Nil from ₹10 earlier.
Also Read: India cuts excise duty on petrol and diesel, prices unchanged
Govt prioritises domestic fuel availability amid surge in global crude prices
Watch here: https://youtu.be/vYsXRV08Hgo?si=b_bsM4BXBptWXhB8
The government on Friday, March 27 said it has taken calibrated steps to ensure adequate domestic availability of petroleum products amid a sharp surge in global crude oil prices.
Rupee weakens past 94 against the US Dollar for the first time, extends losses
Watch here: https://youtu.be/XR7-LK8IlOA?si=PmM17I0ZgMm-Q5WB
The Indian Rupee weakened past levels of 94 against the US Dollar for the first time on Friday, March 27, extending their losses from Wednesday.
FPIs offload $11 billion of Indian stocks in biggest monthly selloff
Watch here: https://youtu.be/l41svKbwNmM?si=W0nWy5KptrqZxT52
Even as the latest sell-off in Indian equities has narrowed the valuation premium commanded by the Nifty 50 over its global peers, foreign portfolio investors (FPIs) continue to take risk off the table in the world’s fifth-largest market.
Also Read: Stock Market Crash: Key reasons why Nifty fell to its fifth straight weekly loss on Friday
Donald Trump pauses Iran energy strikes for 10 days, says talks ‘going very well’
Watch here: https://youtu.be/UdUHxW7ebGg?si=hKf1nqwgj704SAGR
US President Donald Trump on Thursday, March 26, said he would pause attacks on Iran’s energy infrastructure for 10 days at Tehran’s request, signalling a possible diplomatic opening amid ongoing tensions.
West Asia war day 28 update: Israel hits Tehran after Iran attacks, Lebanon strikes and tax cuts worldwide
Iran and Israel exchanged strikes as Tehran, Beirut and Gulf targets were hit, Iran warned US forces and threatened Hormuz shipping, while countries moved to secure energy and global trade routes.
India, Ukraine discuss Middle East, supply chains on sidelines of G7 meet in France
Watch here: https://youtu.be/c-CpGWM17w8?si=cKSd2RNx7YHjI0q1
Ukrainian Foreign Minister Andrii Sybiha said on Friday he had ”a meaningful exchange of views” with India’s Foreign Minister Subrahmanyam Jaishankar on the sidelines of G7 ministerial meeting in France.
RBI may push changes at IndusInd Bank’s Board over a year after hedging scandal
Watch here: https://youtu.be/fioXj4Z41no?si=Gze-Zcm-PCnqBUDO
IndusInd Bank is in the midst of a wide-ranging clean-up of executives, which began with the exit of its chief executive, Sumant Kathpalia, more than a year ago, after a hedging scandal came to light.
IT slowdown triggers M&A push: Infosys, TCS step up deal activity
Watch here: https://youtu.be/s43l47BIwoY?si=EOVDBxlkNIzR5yCW
Indian IT companies have sharply increased M&A activity in FY26, with Infosys spending about $808 million and TCS around $773 million on acquisitions and investments.
Anthropic vs Trump: Dario Amodei wins court order to block US admin ban on AI tool
Watch here: https://youtu.be/deggr11zczk?si=O3bmu1ZX0Wwpd44l
Anthropic, the AI major led by Dario Amodei, won a court order blocking a Trump administration ban on government use of the company’s artificial intelligence technology.
We’ll see you on Monday with another engaging ‘Top 10@10’