Asian oil refiners are seeking alternatives to Middle East crude benchmarks due to war-driven price volatility that has detached from physical market realities. Erratic price swings, exacerbated by a shortage of pricing barrels and significant buying activity, have made benchmarks unreliable.Read More
India’s central bank is implementing forceful new rules to curb speculative bets against the rupee, capping banks’ open positions at $100 million daily. This shift from direct intervention aims to stabilize the currency amid record lows driven by the Iran war, which has drained foreign-exchange reserves.Read More
Asian markets tumbled as investors braced for a prolonged Gulf conflict, driving oil prices to record monthly gains and fueling global inflation fears. President Trump’s remarks on potential U.S. actions against Iran’s oil exports added to market jitters, while Pakistan prepared for peace talks. The conflict’s impact on energy and commodity prices is expected to persist, pressuring economies worldwide.Read More
The Serious Fraud Investigation Office is investigating IndusInd Bank’s accounting irregularities. Key former executives have been summoned for questioning. This probe follows earlier findings by auditors and forensic reports. Meanwhile, Mumbai Police’s Economic Offences Wing is nearing the closure of its preliminary inquiry, finding no evidence of fund diversion.Read More
Financial services firms achieved record fundraising in FY26, raising ₹49,795 crore through IPOs, the highest in a decade. Despite a struggling finance sector index, these new listings significantly boosted the primary market. Major IPOs from Tata Capital and HDB Financial Services led this surge, accounting for a substantial portion of the total funds raised.Read More
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