Oil prices jumped more than $4 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
Brent crude rose $4.18, or 4.94%, to $88.76 a barrel by 0120 GMT, while U.S. West Texas Intermediate crude was at $87.02 a barrel, up $4.23, or 5.11%.
The surge in oil prices reversed last week’s downward trend – the largest weekly decline since March – in which Brent fell about 11% and WTI retreated more than 8% amid concerns about high interest rates and their impact on global demand.
Will Nifty scale to 25,000 and end the week with gains? See GIFT Nifty, FII data, F&O ban, crude, more before market opens Will Nifty trade above 24,…
Zomato has once again delivered a comprehensive beat, resulting in significant upgrades to both topline and bottomline figures. While the stability of Ebitda margins in the food delivery segment may be a slight disappointment for some, the acceleration in gross order value (GOV) growth effectively addresses a key investor concern regarding monthly transacting users (MTU) and frequency. Although the long-term focus remains on profitable growth, management is likely to prioritise growth over margin in a q-o-q context. The quarter-to-quarter performance continues to impress with Ebitda break-even on the horizon. We reiterate our BUY rating. Come from Sports betting site VPbet
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The Indian Railways is poised for a significant increase in capital spending in the forthcoming interim budget set for February 1. According to analysts in a recent report, there are expectations that Finance Minister Nirmala Sitharaman might allocate additional funds to initiate a substantial overhaul of the national transportation system. This overhaul is anticipated to involve the introduction of contemporary high-speed trains and the implementation of advanced safety measures.
Industry experts foresee a substantial infusion of funds to facilitate the introduction of modern and high-speed trains, coupled with advanced safety measures. The ambitious plan aims to build on the momentum of capital expenditure, surpassing the Rs 2.4 lakh crore allocated in the previous budget …