Crude oil prices rise amid uncertainty over Strait of Hormuz reopening; Brent Crude at $83 per barrel

Kotak Mahindra Bank’s shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also…

Unitree Technology expects a valuation exceeding fifty billion yuan after its Shanghai IPO. The robot maker aims to raise funds for innovation and production expansion. This listing occurs amid heightened tech rivalry between China and the United States. Washington has recently restricted advanced foreign-made robots from U.S. sales. Unitree will set its IPO price soon…

Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional cues.