Oil prices dipped Wednesday following a rise in US crude inventories. However, ongoing geopolitical tensions, particularly concerning the Strait of Hormuz, suggest prices may climb. Experts predict Brent crude could reach $120 or even $150 per barrel if the conflict persists. This could impact global economies and prompt policy intervention.
Markets saw a second consecutive day of recovery, driven by value buying and stable global cues, with analysts expecting a rebound towards 23,800-24,000. Several companies like Maruti Suzuki, Tata Steel, and TCS were in focus due to significant news, including stake sales, acquisitions, and expansion plans.
Adar Poonawalla-backed Svasti Microfinance secured ₹47.5 crore from key investors, including Abler Nordic and Rajiv Dadlani Group. This funding, a mix of equity and debt, will fuel expansion of its loan portfolio, bolster digital infrastructure, and broaden product offerings beyond joint liability loans. Svasti targets ₹1,400 crore in assets under management by March 2027.
The Securities and Exchange Board of India (SEBI) has issued a consultation paper to modify nomination norms for demat accounts and mutual fund folios, aimed at simplifying investor on-boarding and aligning processes with banking standards.
Boeing expects its commercial airplane division to turn a profit in 2027, not this year as previously expected due to higher-than-expected costs of its purchase of parts supplier Spirit AeroSystems, its chief financial officer said on Tuesday, in a new setback for the U.S. planemaker.
Investors are offloading software loans in debt vehicles at a discount, in the latest sign of pain in the software industry, which is being upended by AI.
A federal judge certified a shareholder class action accusing Boeing of concealing safety deficiencies in its 737 MAX planes before two crashes that killed 346 people in 2018 and 2019.
Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its share price, which has been hit by a global memory supply crunch that is expected to slow handset manufacturing.
Delta Air Lines raised its first-quarter revenue forecast in light of robust travel demand, offsetting a hit from spiking jet fuel costs due to the Middle East war.
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