Oil prices are set for significant monthly gains. Tensions in the Middle East are escalating due to a potential U.S. attack on Iran. This situation could disrupt supplies from a major OPEC producer. Traders are factoring in possible disruptions to Iranian exports. Other supply issues in Kazakhstan, Russia, and Venezuela are also impacting the market.Read More

Foreign investors are bolstering offshore arms with tangible operations to demonstrate substance, following a Supreme Court ruling that denied tax benefits to entities lacking it. Measures include appointing local directors and hiring office space to prove these entities are not merely paper companies designed to evade Indian taxes.Read More

Muthoot Finance successfully raised approximately $600 million through a senior secured US dollar bond. The 4.5-year bond, secured against company assets, was priced at a tighter-than-expected 5.75%. This marks the company’s third overseas bond issuance in the past year.Read More

Bank of America CEO Brian Moynihan sees India as a rapidly growing market requiring significant capital for expansion. He commends Prime Minister Modi’s reforms but urges for easier business processes. Moynihan also discusses global trade shifts, national security concerns, and the evolving role of the US dollar.Read More

Vedanta’s CFO Ajay Goel anticipates a “significantly bigger and better” March quarter performance, projecting full-year EBITDA exceeding $6 billion. The company reported an all-time high in revenue, profit, and EBITDA for the December quarter, with a 60% year-on-year net profit jump. Goel highlighted positive pricing trends and the historical strength of the fourth quarter in...Read More

India’s rupee is underperforming despite strong economic fundamentals, according to the Economic Survey. Tepid foreign investment has led to a balance of payments deficit, weakening the currency. Uncertainty surrounding a US trade deal also plays a role. The survey highlights the need for proactive reforms to attract much-needed foreign capital for sustainable growth and rupee...Read More

US equity futures declined as Apple warned of margin pressures, fueling concerns about AI investment returns. Gold and silver saw gains, while Asian shares edged higher. Investors are increasingly wary of the timing and profitability of massive tech spending on artificial intelligence.Read More