If the security situation worsens and Red Sea supplies are disrupted during August, refiners will have to replace those volumes with crude sourced from elsewhere. India’s crude oil imports from Russia may even touch a new record high of 3 million barrels per day if the shipment disruptions through Strait of Hormuz and even Red…

Gold prices may not be that much sensitive to higher oil prices as has been the case in the last few months unless oil surges sharply higher. However, as the Middle East situation remains volatile, gains in gold could be limited unless oil falls. Buying the dips is preferred over chasing the rally. Source link

Artificial intelligence company Anthropic has taken a major step towards a public market debut, announcing that it has confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO), AP reported.The company said the filing gives it the option to go public after the SEC completes its review…

Sebi orders Growpital to shut down MUMBAI: Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors’ money along with 12% interest. Twenty eight entities associated with Growpital have…