Citi remains cautious on Indian IT despite a 20% fall, prefers these two names
Citi maintains a cautious stance on the IT sector and continues to prefer Infosys and HCL Technologies among large-cap names.
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US stocks end choppy day on muted note as traders weigh war impact
US stocks closed flat as traders weighed Iran war risks, oil price spikes, and sector swings. S&P 500 gains in energy offset losses. Trump and Pete Hegseth addressed war duration concerns.
US-Iran war: JPMorgan CEO Jamie Dimon says inflation risk limited, warns of cyber threats
Jamie Dimon warns of rising cyber and terrorist attack risks after US and Israel strikes on Iran, urging vigilance as banks may be targets. Markets remain stable but retaliation is a key concern.
Oil prices leap on worries about Iran war, while US stocks trim their sharp losses
Oil prices are leaping Monday with worries that the Iran war will clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, are swinging between sharp losses and a tiny gain.
Cipla enters biologics joint venture with Kemwell, expands presence in Middle East
Biologics venture to see initial investment of up to ₹10 crore; Cipla (EU) forms Cipla Middle East Company in Saudi Arabia
India draws up contingency plan to secure crude amid escalating West Asia conflict
India plans alternative crude supply routes and increased Russian imports as the West Asia conflict disrupts the Strait of Hormuz, threatening energy security and raising freight costs.
Dow Jones drops 500 points, oil surges after US-Israel strikes on Iran
US markets plunged as US and Israel strikes on Iran triggered retaliatory attacks, spiking oil prices. Dow Jones fell 1.2%, S&P 500 dropped 1%.
Voltas falls after BofA downgrade on rich valuations; prefers LG Electronics
The Voltas stock is also trading at an 8% premium to LG Electronics India, a valuation BofA finds difficult to justify.
European gas prices surge close to 50% after Qatar halts LNG output
Dutch TTF gas surged 48.6 percent as QatarEnergy halted LNG production at Ras Laffan and Mesaieed after Iranian attacks, threatening EU supply and intensifying global competition for cargoes.
Asian countries most at risk from oil and gas supply disruptions in Strait of Hormuz: Research group
Asian countries are the most at risk from oil and gas supply disruptions in the Strait of Hormuz, with Japan facing the highest risk, followed by South Korea and India, according to international research group Zero Carbon Analytics..