Household gold holdings value jumps to 56% of GDP at $2.4 trillion
The value of gold the Indian households are sitting on is as much as 56% of the nominal GDP in FY26 and is also bigger than the bank credit, which is only 55% of the economy, according to a foreign brokerage.                              

Senco Gold expects 40% revenue to come from outside East India by FY30, says MD
Jewellery retailer Senco Gold expects to garner around 40 per cent of its revenue from outside eastern India by the financial year 2029-30 from the current 25 per cent. The largest jewellery retail player in Eastern India plans to increase its business from outside East by opening more showrooms — both owned and franchise —to expand its footprint further across the country.

Expansion positives factored into the valuations of Hindustan Zinc
The board of Hindustan ZincLtd (HZL) has approved a capital expenditure (capex) plan of ₹12,000 crore to be funded through internal accruals and debt to expand zinc smelting capacity by 250 kilo tonnes per annum (KTPA) at Debari in Rajasthan along with a mine capacity expansion of 330 KTPA. At an investor meet held by the company, the management announced that the expansion is expected to be completed in the next 36 months, with capex across FY26-FY28. The guidance is ₹3,500 crore capex in FY26, ₹5,000 crore in FY27, and the remaining in FY28.

Oil prices ease as Iran-Israel conflict enters sixth day
Oil prices eased in Asian trade on Wednesday, after a gain of 4 per cent from the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a US Federal Reserve rates decision that could weigh on oil demand.

Plans are afoot to triple output, alliances sewn up: Cairn Oil & Gas
Cairn Oil & Gas, part of Vedanta Group, is aiming to increase hydrocarbon output to 300,000 barrels of oil equivalent per day (boepd) in the near future, from current level of 103,200 boepd, with drilling set to begin in a number of projects this year. The company has laid out an investment plan of $3-4 billion for its exploration and production activities over five years, Chief Financial Officer Hitesh Vaid told Arunima Bharadwaj in an interview. To achieve the target, the company is also seeking joint ventures and partnerships in tight oil development, shale monetisation, deepwater drilling and exploration in North East.

Kerala’s solar installer community oppose move to withdraw net energy metering system
These tariff and regulatory barriers, according to the associations, are depriving the consumers of the announced benefits of the Union Government under the national programmes. Besides, the draft release mandates storage solution for the solar capacity above 3kW which will increase the cost.

Nippon Steel closes US Steel takeover
Nippon Steel Corp. closed its $14.1 billion takeover of United States Steel Corp., concluding an 18-month saga that became heavily politicized before the deal finally won US President Donald Trump’s support.