Escalating tensions between the United States and Iran over stalled nuclear negotiations have once again heightened geopolitical risks in global crude markets. Recent warnings from US leadership about possible military action after Iran allegedly crossed key American “red lines” triggered a sharp rally in crude prices, with WTI jumping more than 5% as markets reacted to the possibility of a broader confrontation. This renewed uncertainty has raised concerns about potential supply disruptions and their impact on major crude-importing economies, particularly India.
Indian Economy News
Inox Wind shares surge 20% on strong sales
Inox Wind share price jumped 19.9 per cent on the BSE on Wednesday. The stock touched an intraday high of Rs 161.85 per share during the day and was trading 16.5 per cent higher at Rs 157.2 per share at 1:40 pm on January 29, 2025.
TVS Motor Q3 results: Net profit rises 4%
Two-wheeler major TVS Motor Company on Tuesday reported a 4.2% year-on-year (YoY) growth in its December quarter standalone net profit at Rs 618 crore versus Rs 593 crore posted in the year-ago period.
Eyes on Vodafone Idea, Tata Teleservices and Bharti Airtel, Central Government is considering waiving AGR dues
Shares of telecom companies in Monday’s session (January 20) traded with significant gains amid reports that the centre is considering a waiver on adjusted gross revenue (AGR) dues for telecom companies.
IRCON International share price rose 8.11% to a highest level of ₹205.99
Ircon International Ltd. has recently gained significant attention in the stock market, showcasing a bullish trend with an impressive increase of 8.11% in its share price today, January 16, 2025. The stock opened at ₹195.02 and reached a high of ₹205.99, closing at ₹190.01. With a trading volume exceeding 8.59 million shares and a total traded value of around ₹176 crore, Ircon International is making waves in the engineering sector.
Shriram Finance shares: Why is the NBFC stock down 80% on few trading apps today?
In a surprise to many investors, shares of Shriram Finance Ltd, which settled at Rs 2,828.95 apiece in the previous trading session on Thursday, opened at Rs 569.95 on Friday, indicating about a 80 per cent fall in its price. However, the non-banking finance player was due for a stock split on Friday, January 10.
MMTC share price jumps 13%; what is the future of the stock?
MMTC share price : The BSE 500 stock MMTC soared over 13 per cent in today’s trading session so far. The stock under Rs 100 opened lower at Rs 70.51 and went up as much as 13.83 per cent hitting an intraday high of Rs 80.70 per share on BSE.