Scoreboard
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Emirates NBD Bank has secured approval from the Central Bank of the UAE to acquire a majority stake in RBL Bank. The deal also includes merging Emirates NBD’s India operations with RBL Bank, pending further regulatory clearances. This marks a significant milestone in India’s banking sector.
Thirteen Indian states will raise ₹42,941 crore through government securities auctions on March 27, 2026. The Reserve Bank of India (RBI) has revised the auction schedule, offering both yield-based and price-based issuances across varied maturities, including re-issues of recent bonds.
Brent crude futures dropped 4% today following the latest EIA storage report, signaling weaker demand and surplus supply concerns. The unexpected rise in U.S. crude inventories has pressured global oil prices, raising fears of oversupply and impacting energy markets, traders, and economic outlooks worldwide.
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has entered into a novation agreement with Equinor ASA and its Singapore-based subsidiary Deepak Globalchem PTE. LTD (DGPL) for long-term LNG supplies. The deal ensures up to 0.65 million tonnes annually for 15 years starting 2026.
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