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June 25, 2025

Maha sees 30 new COVID-19 cases, 3 deaths

Maharashtra recorded 30 cases of COVID-19 on Wednesday and three deaths, including one in Satara and two in Nagpur, the state health department said.Since January 1, the state has logged 2,425 cases of the infection and 36 fatalities caused by coronavirus, said officials.Of the new cases, eight are from Mumbai, three from the jurisdiction of the Thane Municipal Corporation, two each from areas under the civic bodies of Navi Mumbai and Kalyan-Dombivali, eight from Pune, five from Nagpur and one each from Kolhapur and Sangli, said an official statement.It said that 35 of the 36 persons who succumbed to the viral infection since the beginning of this year had comorbidities (medical conditions that coexist alongside a primary diagnosis).The department has conducted 27,394 COVID-19 tests across

June 25, 2025

What moves oil: Bombs or Iran’s friends?

Crude oil's sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market, but in doing so it also masks the greater influence of those who stay largely silent. Global benchmark Brent futures plunged after U.S. President Donald Trump said a "complete and total" ceasefire between Israel and Iran will go into effect. Brent ended at $71.48 a barrel on Monday, down 7.2% from its previous close and having given up its earlier rally that saw it climb as high as $81.40, the most since January 17. Crude prices had surged early on Monday amid worries Iran would respond to the U.S. joining Israel's attack by bombing three nuclear facilities. Once again media reports overflowed with concerns that Iran would try to block the Strait of Hormuz through

June 25, 2025

HDFC Bank unit HDB Financial Services' IPO opens today; GMP at 10%. Should you subscribe?

The initial public offering (IPO) of HDB Financial Services, a non-banking financial company (NBFC) promoted by HDFC Bank, will open for subscription on Wednesday, aiming to raise Rs 12,500 crore. This marks one of the largest public issues in 2025 so far, and comes amid renewed interest in India’s financial sector IPOs.The IPO will remain open till Thursday, June 27. The price band has been set between Rs 700 and Rs 740 per share. Ahead of the issue opening, the GMP is around Rs 74, which is 10% premium over the issue price.The offering consists of a fresh issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, which currently holds 95.5% in the company.Also read: Catch all latest updates on HDB Financial Services IPOStrong financials and business

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