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Oil remains caught between hopes of peace and the realities of a prolonged conflict. Brent is holding near $88 a barrel after rallying 12% over six sessions as talks over the Strait of Hormuz remain deadlocked. And even if the current fighting subsides, Iran appears to be preparing for what comes next, reorganising its military into a more agile and "offensive" force for a potentially protracted confrontation.
Across the Atlantic, investors have received some welcome news on inflation.
A relatively tepid US CPI print has given the Federal Reserve more breathing room on interest rates, with both headline and core inflation coming in broadly in line with expectations.
Gold is holding near a two-month high as markets assess what the numbers could mean for the Fed's next move.
Closer home, the conversation around Tata is moving beyond who succeeds N Chandrasekaran. The bigger question is whether the Tata Trusts, board and management can build a governance structure capable of navigating disagreements without relying on personalities or informal power. On Dalal Street, Tata Motors Commercial Vehicles has gained after positive brokerage calls, while Muthoot Fincorp has filed for a ₹3,000 crore IPO.
Elsewhere, Oracle is reportedly preparing another round of job cuts as it pours billions into AI infrastructure, while the Bombay High Court has pulled up Maharashtra's food safety regulator over what it called high-handed action.
Crude oil holds near six-session highs as Hormuz talks stay deadlocked, IEA flags deficit
Crude oil prices held on to most of a six-session rally on Wednesday August 12, as traders anticipated on signs that the Strait of Hormuz would reopen. Brent crude traded near $88 a barrel, having risen 12% over the previous six sessions, while West Texas Intermediate held below $83.
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Iran’s military pivots to ‘offensive’ mode for next round of war
Iran is reorganising its military to be more agile and aggressive abroad in light of its war with the US and Israel, a sign that it’s positioning for a protracted confrontation even if the current conflict ends.
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Tepid CPI report gives the Fed more breathing room
July's consumer price index report favored investors and the Federal Reserve. Headline CPI rose 0.1% last month from June, and at an annual rate of 3.4%, matching Dow Jones consensus estimates from economists. Core CPI — which strips out volatile food and energy prices — also matched estimates.
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Tata’s next test: Building governance beyond personalities
Tata’s next test is bigger than who succeeds Chandrasekaran. Can its Trusts, board and management build a governance framework that can withstand disagreements, protect institutional independence and match the Tata Group’s scale—without relying on personalities, legacy or informal power? Corporate advisor and author Srinath Sridharan examines.
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Muthoot Fincorp IPO: Gold lender files DRHP with SEBI for ₹3,000 crore issue
Gold loan financier Muthoot Fincorp has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹3,000 crore through an initial public offering (IPO).
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Tata Motors CV shares gain 3% after Nomura upgrade; CLSA bullish post Q1, check targets
Shares of Tata Motors Commercial Vehicles Ltd., the commercial vehicles entity of Tata Motors, opened 3% higher on Thursday, August 13, after the company reported a steady performance for the June quarter (Q1FY27) of this fiscal.
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UltraTech Cement Block Deal: 25 lakh shares of the Aditya Birla Group company change hands
As much as 25 lakh shares of UltraTech Cement Ltd., India's largest cement company and part of the Aditya Birla Group, changed hands in a pre-open block window deal on Thursday, August 13.
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Rupee edges lower against dollar: What is keeping the currency in a tight range
The Indian rupee opened 3 paise weaker at 95.36 against the US dollar on Thursday (August 13), compared with Wednesday’s (August 12's) close of 95.33. The decline works out to around 0.03% from the previous close.
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Gold edges higher after hitting two-month high; silver dips
Gold prices edged higher in early Thursday (August 13) trading, while silver declined, as markets continued to assess the outlook for US interest rates after the latest inflation data. On COMEX, gold was trading at $4,473.40 an ounce.
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'Shooting first and asking questions later' does not apply in law: Bombay HC raps Maharashtra food safety body
The Bombay High Court has pulled up the Maharashtra Food and Drug Administration (FDA), led by Commissioner Tukaram Mundhe, over its actions against commercial and pharmaceutical entities. The court said some of the regulator’s actions were high-handed and failed to follow due procedure.
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Oracle plans to cut more jobs after 21,000 layoffs earlier this year: Report
Oracle is said to be preparing for another round of job cuts as it seeks to bring down the payroll expenses, according to a report. The move comes as the tech giant continues to invest billions of dollars in artificial intelligence infrastructure, according to a Business Insider report.
The reported layoffs come months after Oracle reduced its workforce significantly.
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