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Oil prices surged to their highest levels since mid-2022 amid growing concerns over a prolonged U.S. blockade on Iranian exports and stalled nuclear negotiations. This disruption, potentially extending until a broader deal is reached, is tightening supply conditions and could lead to further price increases.Read More

Bajaj Finance reported a robust consolidated net profit of ₹5,464.6 crore for Q4FY26, a 22% year-on-year increase driven by a 20% rise in net interest income and 22% AUM growth. In a separate announcement, Rajiv Bajaj will step down from the company’s board after the annual general meeting on July 30.Read More

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs. Inflation is a growing concern, partly due to rising global energy prices. This marks the most divided decision since 1992, setting the stage for new Fed Chair Kevin Warsh.Read More

Vedanta anticipates a strong FY27 driven by record profits. The company plans to significantly reduce debt, invest in expansion, and continue rewarding shareholders. Leverage is projected to reach a new low. Vedanta is also proceeding with its demerger, with four new companies set to list soon. Some businesses are expected to be debt-free post-demerger.Read More

Vedanta is set to undergo a significant restructuring. From May, the company will be divided into five separate entities. The main Vedanta entity will trade independently from Thursday, excluding the four newly demerged businesses. Shareholders will receive one share in each of the four new companies for every Vedanta share they hold.Read More