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Asian shares mixed, oil prices decline after Opec+ announces output hike
Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer
S Korean shares fall 8%, set for worst week since March on US tech selloff - Business Standard
S Korean shares fall 8%, set for worst week since March on US tech selloffBusiness Standard
August MSCI Rejig Could Trigger Over Rs 30,000 Crore Inflows Into India; Laurus Labs, Biocon Lead Race
Among the likely beneficiaries, Laurus Labs and Biocon have been assigned a high probability of moving from the MSCI India Small Cap Index to the MSCI India Standard Index.
Stock Alert: OMCs, Hindalco Inds, NTPC, Colgate, Indigo Paints, Sterlite Tech - Business Standard
Stock Alert: OMCs, Hindalco Inds, NTPC, Colgate, Indigo Paints, Sterlite TechBusiness Standard
Inside India’s biggest banking and financial services tech hubs
Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both support and higher-value functions, though some, like Wells Fargo, are also consolidating operations.
IAB Tech Lab releases CoMP protocol for AI content licensing
The specification will remain open for public comment until April 9, 2026, allowing the industry to provide feedback and support wider adoption. IAB is the global digital advertising technical standard-setting body.
Momentum Stocks: Standard Engg, Agri-Tech India, Ponni Sugars rally up to 13% on sheer momentum
MBL Infra, Bafna Pharma, G-Tec Jainx Education were locked in the upper band, reflecting strong demand and limited supply—often a sign of bullish near-term sentiment.