Jefferies has a buy on Shriram Finance with the target price at Rs 1,220. Analysts said interaction with the management suggests commercial vehicle (CV) demand (including the used ones) stays healthy. The company reiterated 18-20% assets under management (AUM) growth guidance for FY27-28. Cos of finance can fall 80 basis points (bps) and lift spreads…
Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day…
Will Dubai Property Prices Fall? Emaar Founder Gives a Bold Answer Despite rising geopolitical tensions in the Middle East and concerns about economic stability amid US-Israel war against Iran, Dubai’s real estate sector remains resilient, according to leading industry voices. Mohamed Alabbar, the founder of Emaar Properties, recently stated that the Dubai property market has…
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…
File photo: Union commerce & industry minister Piyush Goyal NEW DELHI: The US is expected to work out trade deals with partners, including India, in the next three-four months, once it finalises its strategy to deal with the legal issues related to tariffs, a senior govt official said on Saturday.The official said that New Delhi…
NEW DELHI: Air India announced on Sunday that it will operate 78 additional flights on nine international routes between March 10 and 18. The move aims to offer more travel options amid disruptions caused by the ongoing conflict in the Middle East.According to the airline, these flights will link Delhi with New York, London, Frankfurt,…
The Middle East conflict is entering another week, and its ripple effects are already being felt across the global economy. As tensions intensify, trade flows, energy supplies and food production are coming under strain at a time when markets already spent the last year grappling with tariffs and other disruptions.Although the latest escalation began just…
Hardeep Singh Puri Union petroleum minister Hardeep Singh Puri has assured that oil imports to India are continuing smoothly through alternative routes as the Middle East conflict enters its second week and concerns are growing over the country’s energy supplies. The minister, on social media platform X, confirmed that inflows are “full flow from all…
Prime Minister Narendra Modi inaugurated major infrastructure projects in Delhi on Sunday, with a total investment of around Rs 33,500 crore. The projects include two new corridors of the Delhi Metro Rail Corporation, worth over Rs 18,300 crore, aimed at strengthening public transport across the national capital.CM Rekha Gupta said that the metro expansion is…
Foreign portfolio investors (FPIs) turned heavy sellers in Indian equities during the first week of March, pulling out nearly Rs 21,000 crore (about $2.3 billion) over four trading sessions as global risk appetite weakened amid escalating tensions in the Middle East The withdrawals came between March 2 and March 6 in the cash market. Trading…