NEW DELHI, Oct 18:  State-run oil marketing companies have barred ethanol made from sugarcane juice, sugar syrup and B-heavy molasses from their latest procurement tender for the 2026-27 supply year for blending in petrol, as the government seeks to protect...

Samsung India Electronics reported a 36% year-on-year fall in profit to Rs 7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing. Revenue from operations edged up 1.2% to Rs 1.12 lakh crore. Revenue from its HHP (Hand Held Phones) business, including mobile phones and accessories, declined 1.35% to Rs 81,472.2 crore. Total export revenue fell 5.64% to Rs 41,068.60 crore.

Asia-Pacific equities and U.S. stock futures were mixed on Tuesday. Japan’s Nikkei 225 ended 0.3% lower after the government revised its annualized Q2 GDP growth rate to 1.4% while business investment still contracted. South Korea’s Kospi rose 1% on continued buying of chipmakers, with Samsung Electronics up 2.9% and SK Hynix gaining 5.3%. Hong Kong’s Hang Seng slipped 0.4% while the Shanghai Composite edged up 0.1%, and U.S. markets were closed on Monday for the Labor Day holiday.

Indian specialty pharmaceutical company Encube Ethicals has filed a pre-IPO draft prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering worth Rs 3,000 crore. Founded in 1995, the company focuses on technically complex topical and transdermal dosage forms and operates in 50 countries including the United States, the UK, Europe and India. It has accreditations from 11 regulatory authorities, and had 1,684 employees as of March 31, 2026.

The US military carried out fresh airstrikes against Iran on Sunday after attacks on American-linked installations in Jordan, sharply escalating tensions in West Asia. In the same week, crude oil surged more than 14%, Treasury yields rose and the dollar strengthened. Comex gold futures in New York fell 2.3% to USD 4,018.8 per ounce, while silver slid 6.4% to USD 56.32 per ounce; India’s MCX gold and silver futures also dropped sharply. Markets are focused on the Federal Reserve meeting toward month-end and how the geopolitical situation develops, according to PTI.

State Bank of India sold a 1.42% stake in its asset manager, SBI Funds Management Ltd, to 30 investors at Rs 574 per share, raising Rs 1,655 crore. The placement comes ahead of SBIFM’s Rs 11,600 crore IPO scheduled to open on July 14. The sale is a promoter stake dilution and does not involve fresh capital or operational changes.

Gold prices in India fell for a third straight session, sliding Rs 800 to Rs 1,48,450 per 10 grams, while spot gold slipped 1.2% to USD 4,056.24 an ounce. The drop followed a near 7% jump in crude oil after US President Donald Trump said the interim peace agreement with Iran was “over,” rekindling fears of a wider Middle East conflict. Higher oil prices lifted US Treasury yields and the dollar index, weighing on bullion. Silver prices were unchanged, and investors were awaiting the release of the Federal Reserve’s June FOMC minutes later in the day.

Adani Enterprises Ltd’s copper unit, Kutch Copper Ltd (KCL), has secured London Metal Exchange (LME) registration for its “Adani Copper” Grade A cathodes, making the brand deliverable against LME copper futures contracts from July 10, 2026. The approval grants Adani Copper LME Good Delivery status and allows warrants to be issued for eligible cathodes. KCL operates a 500,000 tonnes-per-year copper smelter at Mundra, which it says is one of the world’s largest single-location custom copper smelting facilities.

On Jul 6, gold in India fell Rs 150 to Rs 1,50,650 per 10 grams, while silver dropped Rs 5,000 to Rs 2,40,000 per kilogram. In overseas trade, spot gold was quoted at USD 4,160.60 an ounce and silver at USD 62.24 an ounce. A stronger US dollar weighed on bullion demand as traders cut positions ahead of the US ISM Services data and further inflation signals.