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Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEA
Eleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokesperson Randhir Jaiswal. Ten Indian-flagged ships remain in the Persian Gulf, with two more entering the region. This crucial waterway, vital for global oil transit, has recently faced disruptions, raising concerns about energy supplies and market stability.
Interarch Building Solutions bags ₹165 crore order; June order wins reach ₹375 crore
Interarch said it has secured new orders worth approximately ₹375 crore during June 2026, including the ₹165-crore contract from the energy sector in Vadodara, along with projects from the hydrocarbon, farm equipment, electrical products, renewable energy and data centre industries.
Dalal Street set for a firm opening as GIFT Nifty trades higher
Indian markets surged on Monday, with the Nifty closing higher, buoyed by positive US-Iran talks, falling crude prices, and strong global sentiment. Value buying in IT stocks and reduced market volatility also contributed to the rally. Analysts anticipate a continued positive outlook for Indian equities, driven by ongoing diplomatic progress and stable energy prices. Investors are advised to watch key technical levels as volatility may persist.
MHADA’s 925-acre Mumbai redevelopment pipeline may draw Rs 4 lakh cr investment
Mumbai's housing redevelopment is set for a massive Rs 4 lakh crore investment, promising 75,000 rehabilitation tenements and 30,000 MHADA units. This large-scale urban renewal, covering 925 acres across 11 projects, aims to transform ageing colonies and densely populated areas. The new Construction & Development Agency model prioritizes residents with transit rent support and maintenance funds, attracting major developers like Adani and Reliance.
Societe General, Prudential, others buy 3 per cent stake in Anthem Biosciences for Rs 1,275 cr
Global investors including Societe Generale and Prudential Hong Kong, alongside Indian mutual funds and insurance companies, have bought a 3 percent stake in Anthem Biosciences. The deal, valued at Rs 1,275 crore, saw promoter Aruna Ganesh exit the company. This significant transaction reshapes the promoter's holding in the integrated Contract Research, Development and Manufacturing Organisation.
Stocks in news: TCS, Infosys, RIL, HDFC Bank, Waaree Renewable
Indian markets saw a positive trend on Thursday, marking a fifth consecutive day of gains. Supportive global sentiment fueled the rally. Key companies like TCS, Infosys, RIL, HDFC Bank, and Waaree Renewable are in focus due to recent developments. Investors are watching for updates from Reliance Industries' AGM and news from other major firms.
India to lead next phase of global steel demand, says Lakshmi Mittal
India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.
India will be the biggest driver of global oil demand for the next 25 years: OPEC
India is expected to add 8.1 million barrels per day of oil demand between 2025 and 2050—the highest increase globally—as rising incomes, industrialisation and transport needs outweigh the rapid expansion of renewable energy, according to OPEC's latest long-term outlook.
Trade Spotlight: How should you trade Indian Hotels, Kirloskar Brothers, Siemens Energy, Data Patterns, Borosil Renewables, and others on June 18? - Moneycontrol.com
Trade Spotlight: How should you trade Indian Hotels, Kirloskar Brothers, Siemens Energy, Data Patterns, Borosil Renewables, and others on June 18?Moneycontrol.com
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the market.
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners
Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.
Madhya Pradesh set to emerge as a major nuclear power hub in country: Official
Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy generation in India.