August 4, 2026

Business News

Business News news, latest updates, breaking stories, and in-depth coverage. Stay informed with real-time developments and insights.

Sensex Surges 1,186 Points, Nifty Crosses 22,650: Stock Market Rally Kicks Off FY27 With Massive ₹10 Lakh Crore Wealth Boost

The Indian stock market kicked off the new financial year FY27 with a powerful comeback, as the Sensex surged 1,186 points and the Nifty crossed 22,650, driven by renewed investor confidence, positive global cues, and broad-based buying across sectors, resulting in a significant ₹10 lakh crore wealth boost for investors.

Global Oil Prices Reach Highest Level Since Iranian Conflict Began

** Global oil prices have reached their highest point since the 1970s due to reduced traffic in the Strait of Hormuz, a critical waterway in the Middle East. The ongoing conflict in the region has sparked concerns about supply disruptions and potential price hikes, making the oil market a closely watched sector.

US-Iran Conflict Exposes Fickle Nature of Fossil Fuel Market, Critics Warn

** The US-Iran conflict has sparked concern among critics, who argue that President Donald Trump's aggressive push for fossil fuels threatens the global energy market with "dangerous volatility" and exacerbates the climate crisis. Critics warn that Trump's efforts to prop up the fossil fuel industry may ultimately prove detrimental to US economic interests and hinder the country's transition to cleaner energy sources.

“Stock Markets React with Optimism as Trump Reportedly Looks to End Iran War Tensions”

** "Markets have responded favorably to a recent report indicating that the White House is considering steps to de-escalate tensions in the Middle East, specifically with regards to the current conflict between the United States and Iran. As a result, stock futures rose on Wall Street."

UK Government Considers Scrapping £330m NHS Contract with Palantir Amid Criticism from Tech Firm’s UK Boss

** The UK government is considering terminating a £330m contract with Palantir after the company's UK boss urged ministers to resist calls to trigger a break clause. The contract, aimed at improving data sharing between NHS trusts, has raised concerns over data protection and transparency.

UK Housing Market Defies Expectations as March Sees Biggest Price Rise Since 2024, But War in Iran Looms Large

The UK's housing market has experienced a significant upswing in March, with a 0.9% rise in prices, the largest since December 2024. However, the ongoing conflict in Iran and rising mortgage rates may lead to a slowdown in the coming months, according to experts.

£830 Average Payout for Car Finance Victims, But Eligible Loans Fall Short of Expectations

** The UK's Financial Conduct Authority (FCA) has announced a £1.3 billion compensation scheme for car finance victims, averaging £830 per payout. Eligible customers are encouraged to check their eligibility and compensation schedule as the scheme is set to be distributed over the coming months.

“India Stocks Under Rs 100: A Look at 5 Small Cap Options with Growth Potential Amid Market Volatility”

** "Invest in 5 small cap stocks under Rs 100 with growth potential in India, including Hindustan Tin Works, Ruchi Soya Industries, AIA Engineering, Sagar Cements, and Kridhan Infra. Expert insights on investing in small cap stocks amidst market volatility."

Oil Prices Soar to Record Monthly High Amid Iran War-Induced Market Volatility

** Brent crude prices are on track to post a historic 51% gain in March, driven by the ongoing conflict in Iran, eclipsing the previous record set in September 1990. Market analysts warn of continued price volatility, potential supply disruptions, and increased tensions in the region.

India’s Economy Faces Growing Vulnerability Amid West Asia Conflict, Says Finance Ministry Report

** A recent report from India's finance ministry highlights the severe potential impacts of the West Asia conflict on the country's economy. Supply disruptions, reduced remittances, and escalating logistics charges are expected to cause widespread shortages, price increases, and erosion of competitiveness.