Escalating US-Iran tensions in the Gulf raise fears of a major oil supply disruption, potentially pushing prices to $200 a barrel. India, heavily reliant on oil imports, faces significant economic risks including a widening current account deficit, a weaker rupee, and increased inflation. Markets are already reacting negatively, with stock indices and oil marketing companies experiencing sharp declines.
Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the