Oil prices saw a slight increase due to geopolitical tensions in Europe and the Middle East. Russia’s actions near Poland and airspace violations raised concerns. Ukraine’s drone attacks on Russian energy infrastructure added to the unease. Four Western nations recognized Palestinian state, further escalating regional tensions. Increased oil supply from Iraq also influenced the market.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding