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The global economy’s first collective health check since war broke out in the Middle East will arrive in the form of business surveys from the US to the euro zone. Every purchasing manager index for which Bloomberg collects estimates is anticipated to show a decline when initial numbers for March are released on Tuesday, according to…
Aqua Titan, a vessel carrying Russian crude oil has reached Mangaluru, reported NDTV on Saturday. The oil on the ship will be offloaded tomorrow morning. However, considering the size of the vessel and the quantity of the oil the vessel will not be docked at the Mangaluru port. The vessel will be stationed about 18…
UAE, UK, France Germany, Italy, the Netherlands, Japan, Canada, Republic of Korea, New Zealand, Denmark, Latvia, Slovenia, Estonia, Norway, Sweden, Finland, Czechia, Romania, Bahrain, Lithuania, and Australia condemened recent attacks by Iran on unarmed commercial vessels on the Strait of Hormuz, in a joint statement. “We condemn in the strongest terms recent attacks by Iran on…
Thursday marks the 21st day of the US, Israel-Iran conflict and no indication of de-escalation is visible from either ends. Iran has intensified its attacks on oil and natural gas facilities around the Gulf, raising the stakes in a war that is sending shock waves through energy markets and the global economy. The strike in retaliation for…
India’s largest asset manager, SBI Funds Management, has filed a draft red herring prospectus for an initial public offering, according to a regulatory filing on the BSE on Thursday. In the proposed offer, existing investors State Bank of India and Amundi will be off-loading a total of 20 crore equity shares of face value of Re 1…
Iranian strikes hit Israel’s Haifa oil refineries on Thursday. The attack was carried out as retaliation for Israel targeting the country’s South Pars gas field, as per media reports. Operated by the Bazan group Haifa Bay, the refineries act as Israel’s largest oil processing facility, processing close to 9.8 million tons of crude annually. It is a…
The price of oil and natural gas jumped as escalating attacks in the Persian Gulf threatened long-term damage to major energy facilities. European gas futures surged as much as 35% to more than double their pre-war level. Brent crude touched $119 a barrel, close to its highest since 2022, and European diesel futures topped $190…
Stocks In News On Thursday. Image: Freepik Stocks of ICICI Bank Ltd., Infosys Ltd., Delhivery Ltd., TVS Motor Company Ltd., and Vedanta Ltd. will catch investors’ attention on Thursday. Here are the notable corporate announcements that came after Wednesday’s market hours: Stocks In News ICICI Bank: The company will announce its Q4 results on April…
The US Federal Reserve on Wednesday kept its key interest rate unchanged for the second time, in line with expectations. In addition, core inflation rate is expected to be at 2.7% by end of 2026, up from 2.5% forecast in December. At its last meeting, the Federal Reserve kept its policy interest rate steady in the…
State-owned Punjab National Bank on Tuesday invited bids to sell Rolta Pvt Ltd’s non-performing assets (NPA) worth Rs 450.85 crore. The NPAs consist of a land parcel and building in Gurugram, Haryana, measuring about 7,800 sq m. The reserve price for the asset has been fixed at Rs 250 crore, with a bid increment amount…