A raging fire has been burning for days at a Russian oil depot after a drone strike ignited massive fuel storage tanks, spilling thousands of barrels of oil. Thick black smoke has spread across the region, forcing evacuations and raising serious environmental concerns. While Russia blames Ukraine for the attack, tensions are soaring as both…
After weeks of turbulence, Wall Street finally saw a much-needed rebound on Monday. The stock market rallied, snapping a four-week losing streak that had investors worried about the economy’s direction. The S&P 500 jumped 1.8%, the Dow Jones Industrial Average climbed 1.4%, and the tech-heavy Nasdaq Composite led the way with a 2.3% gain. The…
Irisity, an AI monitoring business, is investing heavily to ensure its survival. To handle short-term cash flow issues, the firm recently secured a SEK 15 million credit facility from Stockhorn Capital AB, its largest shareholder. In order to ensure it has the funds to continue expanding, Irisity is also issuing a fully secured rights issue…
The UK economy is at a crossroads, but Chancellor Rachel Reeves isn’t budging. Despite pressure to loosen the purse strings, she’s sticking to her fiscal rules, determined to keep government spending in check. With rising borrowing costs, a slowing economy, and global trade tensions, many are wondering: Is her plan the tough love the UK…
Iraq is aiming for a significant increase in oil output, with a target of 6 million barrels per day (bpd) by 2029. If the nation succeeds, it may receive a significant boost to its economy and gain more clout in international energy markets. The main question, however, is whether Iraq can actually succeed given the…
The government waives dues totaling ₹1,351 crore, causing small-cap stocks under ₹50 to reach a 20% high. Hindustan Organic Chemicals (HOCL), a state-owned company, saw a sharp rally in early morning trade on Monday, reaching the upper circuit limit of 20%. The Government of India waived dues amounting to ₹1,351.38, which is expected to impact…
RailTel’s share price increased by over 9% on Monday after an order worth over ₹25 crore from Hindustan Petroleum Corporation Limited. RailTel shares rose 9.20% to ₹338.25 on the BSE. RailTel Corporation of India Ltd has received a work order from Hindustan Petroleum Corporation Limited for ₹25,15,24,500/- (without tax), according to a stock market filing…
Power Mech Projects’ share price increased by 6% on Monday after receiving a ₹579 crore order from Bharat Heavy Electricals Ltd for civil structural and architectural works in Jharkhand. At 9:20 am, Power Mech stock traded at ₹2,304.50 per share on the National Stock Exchange (NSE). Order specifics: According to a stock market filing, the…
Larsen & Toubro’s (L&T) share price increased by over 2% in early trade on Monday after the engineering and construction major received board approval for borrowing plans of ₹12,000 crore. L&T shares rose 2.88% to ₹3,515.90 on the BSE. L&T’s Board of Directors approved long-term borrowings of up to ₹12,000 crore. “…we want to let…
Stocks to purchase for the short term: The Indian stock market benchmark Nifty 50 finished with a robust gain of more than 4% last week, the most significant weekly advance in more than four years, with shares of SBI Life Insurance, Shriram Finance, and HDFC Life Insurance up 9-11%. Comfortable values, evidence of foreign portfolio…