Business updates

Business updates

Iran war wipes out ₹25 lakh crore in investor wealth in just five sessions

The market capitalisation of all BSE-listed companies has falled from ₹463.9 lakh crore to below ₹440 lakh crore as Iran war triggers a flight to safety.>

‘Think of the unthinkable and prepare for it’, IMF warns on Iran war impact on global economy

A 10% increase in crude oil prices, if it holds, can result in a 40 bps increase in global inflation, IMF Managing Director Kristalina Georgieva says.>

Bahrain's Bapco Energies declares ‘force majeure’ after Iran attack

Operations of Bahrain's Bapco Energies “have been affected by the ongoing regional conflict in the Middle East and the recent attack on its refinery complex”.>

SanDisk Extreme Fit reminds us of good storage, small packages, and practicality

With dimensions measuring 18.5mm in length, 15.7mm in depth and 13.6mm in height when plugged in, the SanDisk Extreme Fit sits flush with the devices it connects to>

Asia’s ultra-rich is having second thoughts on Dubai as Iran war rages

Asia investors, who were lured by a tax-free Dubai, “are re-thinking their decisions and probably moving their money back to Hong Kong or Singapore”.>

IndiGo among worst-hit as Iran war delivers crude shock to global airline stocks

Shares of IndiGo and SpiceJet fell up to 7.5% today, as the investors offloaded stocks seen most exposed to volatile crude oil prices amid a widening Iran war.>

SanDisk Extreme Fit reminds us of good storage, small packages, and practicality

With dimensions measuring 18.5mm in length, 15.7mm in depth, and 13.6mm in height when plugged in, the SanDisk Extreme Fit sits flush with the devices it connects to>

Indian Oil, BPCL, HPCL shares slump the most in a year as surge in crude oil prices bites

UBS sees Indian Oil, BPCL and HPCL as “negatively leveraged” to surge in brent crude oil prices as their petrol/diesel sales outstrip production.>

Brent crude oil prices spike toward $120/barrel as Iran war forces more production cuts

Brent crude oil prices surge as much as 28% to $118.73 a barrel while WTI leaped 31%, as the Strait of Hormuz stays functionally closed amid the Iran war.>

Rupee slips past 92.30/dollar to fresh record lows as oil spike deepens deficit fears

The rupee slipped 46 paise against the dollar to open at ₹92.20 but weakened further to 92.33 within the first hour of trading.>

Credits : HTimes