Topic
august
IPO Buzz: Over a Dozen Companies Set to Raise Rs 25,000 Crore in August 2026
Over a dozen Indian companies, including Zepto, Truhome Finance, and Shiprocket, are set to launch IPOs in August 2026, collectively targeting over Rs 25,000 crore. The offerings include fresh equity and offer-for-sale components, reflecting improving investor sentiment and market stability, according to merchant bankers.
Saudi Arabia slashes August crude prices for Asia by $11 a barrel in biggest cut in over 20 years
Saudi Arabia has slashed its official selling price for August crude oil deliveries to Asia by $11 per barrel, marking the largest cut in over two decades, according to a Times of India report.
OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens
OPEC+ has agreed to increase oil production quotas by 188,000 barrels per day (bpd) from August, continuing the unwinding of earlier cuts. The decision comes as the Strait of Hormuz reopens following a US-Israeli war on Iran that had disrupted exports. Oil prices have retreated to pre-war levels, with Brent crude settling near $72 per barrel.