OMCs in focus: Petrol price has been hiked to ₹97.77 per litre from ₹94.77 in the national capital. Diesel now costs ₹90.67 per litre, up from ₹89.67 previously.

The PFRDA has relaxed its earlier restriction on surrendering NPS annuity policies. Now, surrender is allowed in specific cases such as critical illness of the annuitant or family members, and for policies issued before 24 October 2024 that already included a surrender clause.

Passenger car dispatches rose by 32.7% at 120,945 units last month as compared to 91,148 units in the year-ago period

Investing in the “next big thing” seems to be the most obvious strategy. But could it be one of the most dangerous investing strategies? In every major wave, the mistake investors made was not overestimating demand but underestimating the competition and pricing pressure. When returns look inevitable, capital floods in and returns collapse. Every generation gets its own version of the same story. This time, could it be AI?

The GIFT NIFTY futures indicate a muted opening for Indian markets on Friday, owing to mixed global market cues. The US markets hit new milestones, and the Asian markets opened in the red.