Rupee weakens amid rising crude prices, RBI likely steps in to curb volatility
Indian rupee fell to 91.38 per US dollar amid rising crude prices, Middle East tensions, and a stronger dollar. RBI intervened mildly.
admin
Watch | Ed Yardeni says no prolonged oil shock, India & emerging markets may benefit
Geopolitical tensions have lifted oil and gold briefly, but Ed Yardeni expects the conflict to end within weeks and not become a prolonged oil shock. As stability returns, he advises booking profits in crude and gold and avoiding hedges. Lower…
A new listing loses 35% of its value on debut despite a 44x subscription to its IPO
The IPO had seen strong investor interest. The issue was subscribed 43.66 times at the close of bidding on February 25. It received bids for over 46.28 crore shares against 1.06 crore shares on offer.
Watch | Iran conflict unlikely to be prolonged; market flows remain stable, says Samir Arora
Helios Capital Founder Samir Arora said the ongoing Iran-related conflict is unlikely to turn into a prolonged war due to limited military capacity and rapid counter-responses from the US and Israel. He added that geopolitical tensions are not materially affecting…
Tata Motors CV clarifies on reports of Indonesia order being put on hold; Here’s what it said
On February 10, Tata Motors CV had announced that PT Tata Motors Distribusi Indonesia, a wholly-owned subsidiary, had entered into an agreement to supply 70,000 vehicles for deployment in the south-east Asian country.
‘Could be largest oil supply disruption in history’, S&P Global Energy warns on US-Iran war
S&P Global Energy says that markets with little or no inventories will face the brunt of the negative supply impact and in case there is a 7 million barrels per day loss in supply for many months, prices will indeed…
Iran-Israel-US War: KRBL, LT Foods fall up to 8% as rice export worries hit
KRBL derives around 61% of its basmati export revenue from the Middle East and the GCC region. LT Foods, the maker of Daawat rice, reported that 9% of its FY25 revenue came from exports to the Middle East.
Stock Market Sell-Off: Here’s a list of stocks impacted due to the Iran war
From ONGC and Oil India to IndiGo, rice exporters and defence stocks, here is a list of names that have been impacted due to the ongoing war in Iran.
South Korean defence stocks surge as high as 30% amidst ongoing US-Iran war
Defence stocks globally had seen a sharp surge on Monday with the escalation of the war in the Middle East. Indian stocks such as Paras Defence and ideaForge were up between 6% to 7%, while others such as Solar Industries…
Greenply Industries says I-T dept ends search and seizure operations at units, promoter residence
Apart from the offices and manufacturing units, the I-T department also carried out search and seizure operations at the residence of the company’s promoter and a few executives.