On Monday, oil prices surged amid ongoing uncertainty surrounding the reopening of the Hormuz Strait. While Iran and Oman are closing in on an agreement for a shipping lane, Iran’s demands for concessions from the U.S. linger. Adding to market tensions, Houthi rebels targeted Saudi Aramco’s Jazan refinery, igniting a fire, along with numerous attacks
India has now achieved over 300 GW of non-fossil fuel electricity generation capacity. This significant milestone represents more than half of the nation’s total installed power capacity. Solar power leads this expansion, followed by wind and hydro energy sources. The country aims to reach 500 GW of non-fossil capacity by the year 2030. Domestic manufacturing
As the US contemplates imposing substantial tariffs on Russian crude, India is strategically exploring alternative markets to bolster its exports. With fifteen potential markets worth an impressive two hundred billion dollars, Indian exporters are adapting to global challenges. In contrast to the US, where merchandise exports reached eighty-seven billion dollars, shipments to alternative destinations are
Gold and silver prices are expected to remain firm next week. Investors will track inflation data from major economies and West Asia developments. Upcoming Chinese economic data will also be important for industrial metals. Analysts predict gold and silver will trade with a positive bias. Volatility is expected to remain elevated due to economic data
This week, Dalal Street will closely observe global geopolitical shifts and local economic data. Investors will pay attention to fluctuations in crude oil prices and news from the Strait of Hormuz. In addition, important domestic inflation figures and updates on foreign exchange reserves are on the horizon. The Q1 FY27 earnings season is set to
A bustling week looms for India’s primary market as five companies gear up to unveil their IPOs, collectively aiming to gather an impressive Rs 7,443 crore for diverse corporate initiatives. Dhoot Transmission and Molbio Diagnostics set to kick off on August 10, while Milky Mist Dairy Food and Shiprocket will make their appearances later in
India’s government is considering raising the foreign investment approval threshold significantly. This move aims to attract larger overseas investments and simplify the process. The current Rs 5,000 crore limit has been in place since 2015. Changes to downstream investment rules are also being explored to facilitate capital. These efforts are part of a broader strategy
