Latest business news
OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
India-Pakistan conflict: Turkey’s tourism industry is reeling under the effect of the India-Pakistan conflict, with the shares of Turkish Airlines crashing over 10% in the last one month. Turkey’s public support for Pakistan after India’s military operation against terrorist installations in Pakistan and Pakistan-occupied Kashmir sparked widespread cancellations from Indian travellers to the country. MakeMyTrip,…
According to two people aware of ongoing discussions, the National Stock Exchange (NSE) may receive a no-objection certificate (NoC) from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) within weeks, potentially ending years of litigation and regulatory deadlocks. Two options are being discussed, according to the two people cited…
Shares of Infibeam Avenues Ltd, a small-cap digital payments and e-commerce infrastructure company, may be poised for a sharp rally, according to domestic brokerage Anand Rathi. The brokerage has issued a bullish call on the stock, suggesting it could gain more than 20 percent in the next one month, backed by a strong technical setup…
Stock Market today; BSE SME stock Rajesh Power Services has gained 20% in one month. The company recently reported FY25 net profit growth of 258% year over year to Rs. 93.36 crore. Do you own?. BSE SME stock Rajesh Power Services H2 And FY25 Results For the second half or six months ended March 2025,…
Shares of Aayush Wellness have delivered extraordinary returns to investors, continuing an uninterrupted rally through every trading session in May 2025 so far. The stock of the small-cap preventive healthcare player has jumped nearly 27 percent this month alone and has not witnessed a single down day since March 27. Over a one-year period, the…
IT stocks in focus: Although the Nifty IT index rebounded sharply during the second half of April, it ended the month in negative territory, extending its losing streak to a fourth consecutive month—the longest such streak since 2016—losing 3% of value. Seven out of the 10 constituents of the index closed lower in April, with…
Inox Wind Share Price Trend: Multibagger Inox Wind has emerged as domestic brokerage Anand Rathi’s pick of the month. The stock has gained 18 per cent over the last year, hitting a 52-week low of ₹124.35 on June 5 and a 52-week high of ₹262.10 on September 23 last year. On a monthly scale, the…
Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker. The deal, announced on Monday, values Altera at $8.75 billion, a sharp decline from the nearly $17…
Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. Brent crude futures settled at $64.76 a barrel, up $1.43, or 2.26%….