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Good morning!
Hopes of a breakthrough on the Strait of Hormuz are fading once again, and oil markets are taking notice. Brent is nearing $90 a barrel after US President Donald Trump laid out sweeping demands for Iran, clouding prospects of a deal and sending crude higher for a third straight day.
On Dalal Street, BSE is stepping into the big league. Shares of Asia's oldest stock exchange are in focus after it secured a place in the benchmark Nifty 50 from September 30, a move that could bring nearly
$700 million in passive inflows. The Milky Mist IPO also opens for subscription today, with investors weighing strong growth against rich valuations.
The seemingly insatiable demand for AI computing power is producing another blockbuster deal. Anthropic has struck a $9.1 billion cloud agreement with Bitcoin miner-turned-AI infrastructure provider Riot Platforms, while Apple is reportedly pressing ahead with plans for a glass-centric iPhone overhaul for the device's 20th anniversary in 2027.
Beyond markets and technology, Colombia is reeling from its strongest earthquake this century, with more than 100 people killed.
The ED has opened a money laundering probe into alleged irregularities in Jharkhand recruitment examinations amid intensifying student protests.
Crude oil prices extend gains, Brent nears $90 a barrel as deal hopes fade on Trump demands
Crude oil prices surged for the third straight day on Monday and are holding on to those advances in early Asia trading on Tuesday, August 11, after US President Donald Trump made sweeping demands against Iran, thereby clouding hopes of any potential deal to reopen the Strait of Hormuz.
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Colombia quake kills over 100, becomes country’s strongest earthquake this century
A magnitude 7.4 earthquake struck western Colombia early Monday, killing at least 111 people and injuring 87, as rescuers and civilians searched collapsed buildings for survivors.
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BSE shares in focus after Nifty 50 inclusion, potential inflows worth nearly $700 million
Shares of the Bombay Stock Exchange Ltd. (BSE) will be in focus on Tuesday, August 11, as shares of Asia's oldest stock exchange will now be a part of the benchmark Nifty 50 index from September 30 onwards.
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Gold prices rise for third session, silver gains over 2%: Key factors explained
Gold prices extended their gains on Tuesday, August 11, with the precious metal heading for a third straight session of gains as investors assessed the outlook for US interest rates ahead of key inflation data. On COMEX, gold futures were trading at $4,484.30 per ounce.
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Rupee falls to 95.39 against dollar amid rising crude prices
The Indian rupee opened lower against the US dollar on Tuesday, August 11, as higher crude oil prices and persistent demand for dollars weighed on the currency. The rupee opened at 95.39 per US dollar, compared with Monday’s (August 10) close of 95.30, marking a decline of 9 paise, or 0.09%.
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Anthropic strikes $9 billion cloud deal with Riot Platforms
Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data centre capacity, people familiar with the matter said, underscoring the Claude maker’s efforts to secure enough computing to meet its customers’ demand.
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Milky Mist IPO Opens Today: Analysts cite strong growth, rich valuations, advice whether to bid or not
The initial public offering (IPO) of Temasek-backed Milky Mist Dairy Food will open for subscription on Tuesday, August 11, and close on August 13. Milky Mist Dairy Food has fixed the price band for its IPO at ₹133-140 per share.
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Apple says glass iPhone for 20th anniversary is still on track for 2027
Apple Inc. is still planning to offer a glass-centric overhaul of the iPhone for the device’s 20th anniversary, people familiar with the matter said, countering an analyst report that the move had been cancelled. The company expects to launch iPhone Pro models next year that will make use of a new glassy look.
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Abu Dhabi offers free 30-day UAE visa to Indian tourists from August 1 to October 31
Abu Dhabi is offering eligible Indian travellers a complimentary 30-day UAE tourist visa. It is aimed at attracting more Indian visitors to the emirate. The scheme is valid for those who travel between August 1 and October 31, 2026, and will initially cover up to 20,000 visas.
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US records hottest July ever, surpassing Dust Bowl-era record: NOAA
The contiguous United States experienced its hottest July on record last month, according to the National Oceanic and Atmospheric Administration (NOAA). July averaged 76.89 degrees Fahrenheit (24.94 degrees Celsius) across the Lower 48 states.
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ED launches probe into Jharkhand recruitment exam 'irregularities' as student protests intensify
The Enforcement Directorate (ED) launched a money laundering probe into alleged irregularities in multiple Jharkhand recruitment examinations on Monday, as protests by job aspirants escalated into clashes with police near the state assembly in Ranchi.
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