Oil prices surged Tuesday as hopes for a U.S.-Iran war resolution dimmed, keeping the vital Strait of Hormuz largely closed and impacting global energy supplies. Analysts predict continued price hikes, with some forecasting Brent crude could reach $150 per barrel if disruptions persist, underscoring significant economic risks.
Temasek Holdings-backed OnEMI Technology Solutions, operating the digital lending platform Kissht, has set its IPO price band at ₹162-171 per share. The ₹926 crore offering, open from April 30 to May 5, includes a fresh issue of ₹850 crore and an offer for sale. Several prominent financial institutions are managing the issue.
Tamilnad Mercantile Bank reported a 28% rise in Q4 profit driven by strong business growth, higher income and improved margins. Advances and deposits grew steadily, while asset quality strengthened, reflecting robust operational performance and sustained expansion across lending and deposit segments.
Trent has set May 29, 2026, as the record date for its inaugural bonus share issue, offering one bonus share for every two held. This move, subject to approvals, aims to capitalize on share premium reserves. The company also reported strong Q4 FY26 financial results with a 26% net profit increase.
The BSE Sensex surged 639 points as nine BSE 100 stocks, including Adani Power and Hindalco Industries, hit 52-week highs, signalling strong momentum, investor optimism and potential further upside amid a broad-based market rally.
India’s gold investment share rose sharply in CY25, driven by ETFs and bullion demand amid uncertainty. Global demand hit record highs, while jewellery consumption declined due to high prices, signalling a structural shift toward investment-led gold consumption patterns worldwide.
AU Small Finance Bank reported a 65% rise in Q4 net profit driven by sharply lower provisions. Loan and deposit growth remained strong, asset quality improved, and margins expanded, though operating profit growth was modest due to higher expenses and treasury losses.
Monarch Networth Capital raised Rs 100 crore for its maiden PMS fund via direct distribution. The fund outperformed its benchmark with strong returns, and the firm now targets Rs 500 crore AUM, backed by a research-driven investment strategy and growth plans.
Indian government bonds closed little changed after coming under pressure during the trading session on Monday after U.S. President Donald Trump cancelled a visit by his envoys to Islamabad for peace talks, sending crude oil prices higher and dimming hopes of a diplomatic breakthrough.
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