Online payments firm Pine Labs has achieved its first quarterly net profit in the June quarter of FY26. This milestone follows strong operating revenue growth. The company is now preparing for its Initial Public Offering. Pine Labs plans to raise funds through fresh share issuance and an offer for sale. The firm is targeting a significant valuation.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.