Mehul Telecom’s IPO, despite a 45-fold subscription, shows a muted grey market premium of around 4%. Investors anticipate modest listing gains for the mobile retail chain, which operates primarily in Gujarat. While the company has seen revenue growth, thin margins and intense competition pose challenges for future scaling and profitability.Read More
Oil prices surged for a fifth consecutive day, fueled by escalating Middle East tensions. Iran’s actions in the Strait of Hormuz and reports of air defense engagement have heightened concerns. Analysts predict further price hikes if U.S.-Iran negotiations falter, with potential for Brent crude to reach $150 per barrel amid supply disruptions.Read More
Asian equities opened lower as US-Iran talks showed little progress in de-escalating the Middle East conflict, keeping the Strait of Hormuz effectively closed. Oil prices rose as geopolitical risks intensified, with Brent crude climbing to $106.20 a barrel. Investors remain cautious, awaiting signals on energy supply risks.Read More
Oil prices surged Friday amid escalating Middle East tensions. Iran’s release of footage showing commandos boarding a cargo ship in the Strait of Hormuz, coupled with reports of engaging hostile targets, has fueled fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could send oil prices to new yearly highs, potentially impacting global inventories.Read More
The dollar is set for its first weekly rise in three weeks. Stalled peace talks between the U.S. and Iran are impacting Middle East tensions. Iran’s actions in the Strait of Hormuz add to uncertainty. Crude oil prices remain firm, supporting a stronger dollar. The yen is weakening against the dollar.Read More
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