The global energy sector is currently undergoing major upheavals that have pushed LNG prices and transport expenses to new heights. Indian oil marketing firms are suffering marked losses on petrol and diesel due to the surge in crude procurement costs. Though there has been a rebound in Middle Eastern crude exports, lingering supply chain challenges remain.

Rupee Ends Session Strong: gains 33 paise to 94.93 vs dollar; IMF backs FX flexibility
https://timesofindia.indiatimes.com/business/india-business/rupee-gains-33-paise-as-dollar-weakens-sensex-and-nifty-end-higher/articleshow/135359965.cms

Closing at 94.93 against the US dollar, the rupee gained 33 paise in trading, buoyed by a soft dollar and positive domestic bond market conditions. Yet, high crude oil prices and escalating tensions in the Middle East limited its gains. Analysts caution that geopolitical factors may create hurdles ahead. The selling trend by foreign institutional investors also continues to shape the overall market environment.

Gold hits one-year low, silver slips below $50 as inflation fears bite
https://timesofindia.indiatimes.com/business/india-business/gold-hits-one-year-low-silver-slips-below-50-as-inflation-fears-bite/articleshow/135367179.cms

Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling gold sales, contributing to the downturn seen in platinum and palladium as well.

Bank of Baroda net profit up 36% to Rs 6532 crore
https://timesofindia.indiatimes.com/business/india-business/bank-of-baroda-net-profit-up-36-to-rs-6532-crore/articleshow/135367349.cms

Reliance Q2 results: RIL posts record Rs 29,550 crore quarterly profit
https://timesofindia.indiatimes.com/business/india-business/reliance-q2-results-ril-posts-record-rs-29550-crore-quarterly-profit-revenue-hits-rs-3-62-lakh-crore/articleshow/135367923.cms

Reliance Industries Limited announced impressive figures for FY27, with consolidated gross revenue peaking at Rs 3,62,268 crore. The company experienced a remarkable profit growth of 33.8%, reaching Rs 29,550 crore, largely due to a stellar 67.9% rise in oil-to-chemicals segment EBITDA. While retail revenue saw a 6.4% improvement, challenges persisted in that sector. Moreover, the quarter's capital expenditure of Rs 38,153 crore predominantly targeted O2C and New Energy.

Big Tech's AI spending spree puts over $2 trillion in Nasdaq market value at risk
https://timesofindia.indiatimes.com/business/international-business/big-techs-ai-spending-spree-puts-over-2-trillion-in-nasdaq-market-value-at-risk/articleshow/135368324.cms

As concerns rise over the Nasdaq 100, which faces risks surpassing $2 trillion this month, investors are questioning the viability of major AI investments. With firms like Meta and Alphabet boosting their spending projections, uncertainties around profitability loom large. However, positive results from Microsoft and SpaceX provide a hopeful contrast to an otherwise declining market.

Tata Motors takes control of Italian commercial vehicle maker Iveco in 3.43-bn euro deal
https://timesofindia.indiatimes.com/business/india-business/tata-motors-takes-control-of-italian-commercial-vehicle-maker-iveco-in-3-43-bn-euro-deal/articleshow/135373042.cms

NHAI’s free-flow tolling push to cut land acquisition needs, cap toll plaza lanes at 8
https://timesofindia.indiatimes.com/business/india-business/nhais-free-flow-tolling-push-to-cut-land-acquisition-needs-cap-toll-plaza-lanes-at-8/articleshow/135378063.cms

IOC profit surges 2.7x in Q2 on crude price decline
https://timesofindia.indiatimes.com/business/india-business/ioc-profit-surges-2-7x-in-q2-on-crude-price-decline/articleshow/135378707.cms