Indian shipping stocks, including GE Shipping and SCI, surged following escalating tensions between Israel and Iran. The geopolitical unrest drove crude oil prices higher and fueled speculation about rising container shipping rates.
Morgan Stanley, Citigroup, 6 others buy 1.6% stake in Delhivery for Rs 461 crore
Morgan Stanley, Citigroup Global Markets Singapore and six other entities on Thursday bought a 1.6 per cent stake in logistics solution provider Delhivery for Rs