Oil prices surged beyond eighty-five dollars per barrel on Wednesday. This occurred after the United States reinstated a naval blockade on Iran. Fighting between Washington and Tehran escalated, raising concerns over crude supplies. The United Arab Emirates reported Iranian cruise missile attacks on oil tankers. American forces continued strikes on Iranian military targets across the
Singapore’s high court denied Byju Raveendran’s request to suspend his contempt sentence. The court lifted temporary protection for the Byju’s founder while his appeal is pending. His legal team clarified the hearing focused only on the stay application. The substantive appeal against the contempt finding is yet to be heard. The contempt sentence remains in
The National Company Law Tribunal approved a record 78 resolution plans in April-June. This period saw approvals valued at Rs 5,518 crore, reaching nearly Rs 4.8 lakh crore total. The tribunal faces significant institutional capacity constraints and member vacancies. Current functioning is impacted by 11 unfilled judicial and technical member positions. No new member appointments
Stock market recommendations: Route Mobile, Tata Power, and Dr. Reddy’s Laboratories – these are the top stocks to buy picked by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 15, 2026.
Wholesale inflation reached a 27-month high of 9.9 percent in June. This surge was driven by rising food prices and energy costs. Food prices accelerated to 5.5 percent while mineral prices rose significantly. Fuel prices decelerated slightly to 27.4 percent due to oil market corrections. Recent West Asia flare-ups and El Nino risks add to
Government is accelerating the IDBI Bank stake sale process. Two bidders, Fairfax and Emirates NDB, are being considered. This follows the rejection of earlier bids below the reserve price. Recent foreign investments in Indian banking include Yes Bank and RBL Bank. Mitsubishi UFJ Financial Group also made a significant investment in Shriram Finance.
The India-UK free trade agreement begins implementation, boosting Indian exports to the UK. Indian service providers and professionals will gain greater access to the United Kingdom market. Many Indian products will enter the UK duty-free, enhancing export competitiveness significantly. Digital service delivery is fully opened, benefiting global capability centers in India. A double contribution convention
India is inserting a new clause into its foreign trade policy. This clause will allow blocking imports produced using forced labour. The government will use the International Labour Organisation’s definition of forced labour. This move strengthens India’s legal framework for trade negotiations. The notification becomes effective after thirty days from its issuance.
US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia’s shadow fleet and financial institutions involved in its war. This measure aims
India Post achieved its highest-ever first-quarter revenue of Rs 4,008 crore. This revenue marks a significant 22.2 percent increase from the previous year. The parcel and mail segments showed substantial revenue growth during this period. Citizen-centric services also experienced an impressive 86 percent jump in revenue. Several postal circles demonstrated strong performance across various business
