The Bombay Stock Exchange building on Dalal Street in Mumbai. Potential IPOs in India face a challenging environment amid Iran war's impact on the stock market. (Bloomberg)
Posted in Business

Iran war impact on stock market puts IPO plans of India Inc. in a fix| Business News

After two record-breaking years for IPOs in India, the prospect of a prolonged issuance drought is rapidly materialising on Dalal Street—thanks to the Iran war’s…

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FILE PHOTO: An aerial view Port of Fujairah, United Arab Emirates in the strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo (REUTERS)
Posted in Business

Iraq cuts crude oil production as blocked Strait of Hormuz fills up storage| Business News

Iraq has started shutting crude oil production at its biggest oilfields and is set to make even deeper reductions in the coming days—the clearest sign…

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PhonePe is India's largest UPI app by user base. (HT)
Posted in Business

PhonePe targets IPO valuation lower than at its last funding round| Business News

PhonePe Ltd., India’s largest payments app controlled by Walmart Inc., is aiming for a valuation of $9 billion-10.5 billion in an IPO in 2026, according…

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David Solomon, chief executive officer of Goldman Sachs Group Inc., speaks during the Australian Financial Review Business Summit in Sydney, Australia, on Wednesday, 4 March 2026. (Bloomberg)
Posted in Business

Goldman Sachs CEO David Solomon surprised by Iran war impact on stock market| Business News

Goldman Sachs Group Inc. CEO David Solomon said he’s been surprised by the “benign” reaction in financial markets to the Iran war, adding that it…

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Posted in Economy

Indian fruit, vegetable exporters a worried lot as Iran war upsets all calculations

Ramzan and Easter, a critical season for Indian fruits and vegetables exporters catering to markets in West Asia and Europe, turned out to be time…

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Gold is moved between trading hubs in the cargo holds of passenger aircraft for well under $1 an ounce per trip.
Posted in Business

Gold shipments stranded in Dubai as Iran war grounds flights| Business News

The mass cancellation of flights to and from bullion hub Dubai has left traders unable to move their metal, highlighting the potential bottlenecks to physical…

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Posted in Economy

Iran war disrupts global ocean freight and air cargo supply chains beyond oil

NEW YORK: The Iran war has effectively halted oil tanker movement in the key Strait of Hormuz. But it’s also disrupting the wider global supply…

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Posted in Economy

India’s services growth moderated in February as cost pressures mount, PMI shows

BENGALURU: India’s services sector growth slowed in February as new business rose at its slowest pace in over a year and firms faced the steepest…

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Are Stock Markets Open Today? Check if BSE, NSE is open or closed for Holi 2026 (REUTERS)
Posted in Business

Are stock markets open today? Check if BSE, NSE are operational on Holi 2026| Business News

Indian stock markets National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have resumed trading today, March 4, despite the festival of Holi. Normal trading…

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The Reserve Bank of India (RBI) is likely selling dollars in the forex market to prevent any further slide in rupee.
Posted in Business

RBI said to intervene as rupee slips past 92 per dollar amid escalating Iran war| Business News

The Reserve Bank of India has intervened in the forex market after Rupee slipped part the 92/Dollar mark for the first on Wednesday. The Reserve…

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