Finance -

Gabriel acquires promoter stake in JV, family holding up at 68%

TazaPulseJuly 22, 2026

MUMBAI: Anand Group, the over $3 billion auto components conglomerate, is undertaking two linked transactions worth about Rs 3,180 crore through listed flagship Gabriel India that will lift promoter Anjali Singh and family’s stake in the company to 68% and deepen its footprint in the sector.Gabriel will buy out the Singh family’s 29% stake in...

Crude continues rally: Brent tops $92, WTI above $85 as Strait of Hormuz tensions threaten global supplies

TazaPulseJuly 22, 2026

Crude oil prices extended their rally on Wednesday, with Brent crude holding above the $90-a-barrel mark as escalating tensions in the Middle East kept investors focused on the risk of further disruptions to global energy supplies.Brent crude was trading at $92.40 a barrel, up 1.53% or $1.39, while US West Texas Intermediate (WTI) crude gained...

Russia, Latin American suppliers to rescue: India’s Middle East oil imports dip in April-June on Hormuz disruptions

TazaPulseJuly 21, 2026

Crude imports from the Middle East fell about 27% to 1.55 million barrels per day during the April-June period. (PTI photo of oil tanker) India increased its crude oil purchases from Russia and Latin America during the April-June quarter, while imports from the Middle East declined as supplies through the Strait of Hormuz were constrained...

Finance

Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive

TazaPulseJuly 21, 2026

Samuel Boivin | Nurphoto | Getty Images Elon Musk warned that investors betting against SpaceX have little chance of survival — even as short sellers boosted their wagers against the company to roughly 32% of its publicly tradable shares ahead of several key catalysts. About 206 million SpaceX shares are now sold short, representing roughly...

Strait of Hormuz disruptions: Two state-run refiners cancel plans to lift Iraqi oil amid renewed US-Iran tensions

TazaPulseJuly 21, 2026

Renewed attacks and tensions between the US and Iran have once again de facto closed the Strait of Hormuz. Strait of Hormuz disruptions: Two Indian state-run refiners have cancelled plans to pick up Iraqi crude oil shipments in view of the ongoing disruptions and risks in transiting through the Strait of Hormuz in the Middle...

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Stocks making the biggest moves premarket: GM, MMM, NVS, NBIS

TazaPulseJuly 21, 2026

Check out the companies making headlines before the bell: Novartis — Shares jumped 4% after the Swiss pharmaceutical company posted second-quarter core earnings and revenue that exceeded expectations, adding that it “remains on track” to deliver on its full-year guidance and midterm outlook. Core earnings of $2.41 per share topped the StreetAccount consensus of $2.15...

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Stock market, economy sectors to watch

TazaPulseJuly 21, 2026

An F/A-18F Super Hornet, attached to Strike Fighter Squadron (VFA) 41, prepares to launch from the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72). Courtesy: U.S. Navy A ramp-up in fighting between the U.S. and Iran over the weekend has left Wall Street reconsidering its expectations for the war’s economic impact. The...

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JPMorgan Chase CEO Jamie Dimon says markets underestimate risks

TazaPulseJuly 21, 2026

JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn’t buy either equities or long-dated U.S. Treasurys at their current prices. In an hourlong interview with Wilfred Frost released late Monday, Dimon said markets aren’t fully accounting for a growing list of geopolitical and fiscal threats....

Stock Market Today Live Updates: Sensex falls over 225 points; Nifty slips below 24,200 in afternoon trade

TazaPulseJuly 21, 2026

Sensex falls 443 points as HDFC Bank, Axis Bank drag markets lower Benchmark equity indices ended lower on Monday, weighed down by sharp losses in HDFC Bank and Axis Bank following their quarterly earnings, while renewed US-Iran tensions also dampened investor sentiment. The BSE Sensex fell 442.93 points, or 0.57%, to close at 77,708.52 after...

SBI Funds Management listing makes some employees crorepatis; stock debuts at 7% premium to IPO price

TazaPulseJuly 21, 2026

SBI Funds Management entered the stock market after attracting robust institutional demand. SBI Funds Management stock listing: Years of employee stock ownership at SBI Funds Management is poised to generate multi-crore wealth for several executives as the country’s largest asset management company enters the stock market. Based on the IPO issue price of Rs 574...