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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.
Kirloskar Oil Engines shares hit 20% upper circuit. JM Financial sees more upside
Kirloskar Oil Engines shares surged 20% after winning a substantial order from HyperNext for 96 units of its 2,500 kVA power systems, enhancing its position in the data centre market dominated by Cummins. JM Financial and Motilal Oswal raised target prices, citing strong growth potential.
US Permits Iran To Sell Oil Under 60-Day Licence After Round 1 Of Talks
Treasury Secretary Scott Bessent says Tehran has committed to free navigation through the Strait of Hormuz and agreed to allow UN nuclear inspectors back into the country.
US stock markets today: Wall Street holds near record highs as oil prices ease on US-Iran deal hopes - The Times of India
US stock markets today: Wall Street holds near record highs as oil prices ease on US-Iran deal hopesThe Times of India
Dow, S&P 500 rise at open; Nasdaq lags as traders weigh Iran talks
US stocks opened mixed, with the Dow and S&P 500 higher while the Nasdaq lagged, as investors weighed progress in US-Iran peace talks, easing oil prices, and upcoming US inflation data. Sentiment was also shaped by AI demand optimism and reactions to the death of former Fed Chair Alan Greenspan.
US suspends sanctions on Iranian oil until August 21 amid negotiations to end West Asia war
Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to de-escalate tensions, offers significant relief to Iran's energy sector. The decision could boost Iranian oil shipments, potentially alleviating global supply worries and stabilizing energy costs.
Why a peace deal won't solve India's stock market problems | Sensex | US-Iran war | Crude oil - Business Standard
Why a peace deal won't solve India's stock market problems | Sensex | US-Iran war | Crude oilBusiness Standard
US futures muted as markets weigh Iran talks, inflation data
US stock futures were flat as investors watched US Iran talks and awaited key PCE inflation data, Micron rose over 4%, SpaceX fell nearly 5%, oil prices hovered near recent levels.
US stock market today: S&P 500, Nasdaq futures slip as US-Iran talks ease oil prices
US stock futures were mixed on June 22 amidst uncertainty over Middle East peace talks. S&P 500 futures fell 0.2%, while the Dow dipped 29 points. Investors are cautious as tech stocks pause after gains, awaiting clarity on US-Iran diplomatic efforts.
Crude tankers return to Strait of Hormuz amid a tentative recovery in oil traffic
Oil tanker traffic through the Strait of Hormuz saw an uptick on Monday, with four vessels carrying nearly 2 million barrels of crude navigating the crucial waterway. This follows a dip in Sunday's flows amid passage concerns. While traffic is increasing, it remains significantly below pre-war levels, indicating ongoing caution in the region.
APAR Industries' arm signs deal with Saudi Aramco Base Oil Company for base oils supply
Shares of Apar Industries Ltd ended at ₹16,136.05, down by ₹139.95, or 0.86%, on the BSE.
Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...