Business

The domestic benchmark indices opened lower on Friday amid mixed global cues as selling was seen in the IT, financial services and pharma sectors in the early trade. Source

India News: India’s exports saw a boost of 9.1% in April, reaching $38.5 billion. However, the trade deficit increased to $26.4 billion. Imports also rose signifi Source

Novartis AG raised its outlook for the year after profit beat estimates in the first quarter, driven by medicines for breast cancer, multiple sclerosis and psoriasis. Source

Indian Oil Company on Operation Sindoor News: Amid soaring tensions between New Delhi and Islamabad, major public sector fuel retailers on Friday assured citizens that ample fuel stocks are available across the country, and urged them to desist from panic buying and hoarding of fuels like petrol, diesel, and cooking gas. Source

Pakistan Defence stocks surged 36% after India launched ‘Operation Sindoor’ targeting terrorists. Chinese defense stocks like Avic Chengdu Aircraft Co Ltd also gained. Source

India Business News: The timing of the India UK FTA can’t be better when India is also expecting to close the bilateral trade discussions with the US government. Signing o Source

Deutsche Lufthansa AG cautioned that it has only limited visibility into the latter part of the year as trade tensions and changing consumer behaviour throw the global economy into disarray. Source

Avoid health insurance claim rejections due to incorrect info, non-disclosure of conditions, or out-of-network treatment. Learn how to prevent these issues. Source