Barrel of backups: India’s crude imports bounce back despite Middle East disruptions

India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional … Read more

Jio IPO: What is Project Jupiter? How Mukesh Ambani’s Reliance worked behind closed doors for India’s biggest offering

Reliance formally set Project Jupiter in motion by October. (file photo) Project Jupiter – that was the internal name of Reliance Industries’ project to push Jio Platforms Ltd towards its initial public offering – which is all set to be the biggest that the Indian stock market has seen.At Reliance Industries Ltd.’s annual general meeting … Read more

Want to invest in US stocks via GIFT City? How Indian brokers plan to make it easier

GIFT City serves as the gateway for Indian investors to access overseas stocks. With interest in global investing rising, leading brokerages are establishing operations there to offer international investing to their customers. India’s largest discount brokerages, including Groww, Zerodha, Angel One, Upstox and Dhan, are gearing up to offer overseas investing through GIFT City, a … Read more

OYO parent Prism files updated IPO papers for Rs 6,650 crore issue: What investors should know

Hospitality technology company Prism, the parent of OYO, has filed updated draft papers with markets regulator Sebi for a Rs 6,650 crore initial public offering (IPO) comprising entirely a fresh issue of shares with no offer-for-sale (OFS) by existing shareholders. Hospitality technology company Prism, the parent of OYO, has filed updated draft papers with markets … Read more

‘We’re in the final steps’: US ambassador Sergio Gor signals progress on India-US trade deal

The proposed US-India trade agreement is in the “final steps” of negotiations, with only the last one per cent of issues remaining to be resolved, US Ambassador to India Sergio Gor said on Tuesday, expressing confidence that the pact would be concluded soon after nearly 18 months of talks. The proposed US-India trade agreement is … Read more

Oil prices ease as investors await US-Iran talks; Brent crude falls to $72 per barrel

AI generated image, used only for representative purpose Oil prices continued to ease on Tuesday as markets tracked the outcome of potential US-Iran engagement in Doha, even as weekend missile exchanges signalled instability. This comes after the two sides reached an interim peace deal aimed at ending the four-month conflict.Around 7 am IST, WTI crude … Read more

MSMEs’ micro segments begin seeing stress

MUMBAI: :Stress is emerging in the micro-borrower segment of the MSME industry, particularly for loans with ticket sizes below Rs 2 crore, even as larger enterprises remain relatively resilient amid geopolitical headwinds, tighter working capital conditions, and global supply chain pressures. The divergence in asset quality across MSME segments has widened, with micro borrowers showing … Read more