Business

Retail investors turned into net sellers of SpaceX shares as of August 7, marking the end of a buying frenzy. This change coincided with a stock price recovery, indicating that individuals may be taking profits. The shares have struggled post-IPO, dropping beneath the initial offering price. Investors who were hopeful at the launch might now

New stock market closing system: Brokerages found themselves responding to a surge of client queries, while retail investors turned to social media after noticing that the official closing prices appeared to differ from where stocks had traded during the day.

In May, India’s power consumption surged to an unprecedented 270.8 GW, reflecting heightened energy needs across the nation. However, June faced a significant power shortfall of 3,045 MW, mainly affecting the northern states. This gap in electricity supply resulted from limitations in the transmission and distribution networks. While thermal energy continued to dominate the scene,

BSE Ltd is set to take the place of Wipro Ltd in the prestigious Nifty 50 index from September 30, 2026. This alteration comes after a semi-annual review by NSE Indices, focusing on market capitalization metrics. Following this shift, Wipro will transition to the Nifty Next 50 index. BSE’s inclusion is attributed to its notably

US stock market: The recent rally in equities has begun to lose momentum after being fuelled by a strong corporate earnings season in which large US companies reported sharply higher spring-quarter profits.

China has accumulated as much as 1.4 billion barrels in strategic and enterprise-controlled inventories, according to a new RAND study. That is more than three times the roughly 413 million barrels held in the US government’s Strategic Petroleum Reserve.

India is expanding its energy import portfolio for both LNG and crude oil, striving to diminish reliance on any singular market or transport path. Additionally, the government is boosting domestic crude oil storage with new infrastructure. These strategies equip India to better handle supply interruptions and market fluctuations, ultimately strengthening the nation’s resilience to global

ONGC and Shell Energy India have entered into a memorandum of understanding to collaboratively delve into potential joint ventures. Their focus will be on assessing opportunities in deepwater and ultra-deepwater oil and gas exploration, alongside investigating LNG sourcing alternatives to bolster India’s economic framework. This strategic partnership is designed to improve energy accessibility while ensuring