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Oil price inch marginally higher to trade above $100 per barrel; U.S.–Iran likely to reach one-page framework deal Source link

Three new-age platform companies — One 97 Communications, PB Fintech and Meesho — will be in focus on Thursday, May 7, after reporting their March quarter earnings. While Paytm continued to improve profitability metrics, PB Fintech delivered strong growth across insurance segments, and Meesho reported a sharp narrowing of losses alongside robust order growth. Paytm…

Stocks to Watch Today, May 7: Paytm, Bajaj Auto, Godrej Consumer, Meesho, ACME Solar, Oracle Financial Services and others (Image: AI/ET Now) Stocks to Watch Today, May 7: Indian stock markets are expected to see active movement in stocks to watch today, including Muthoot Microfin, PB Fintech, One97 Communications, Bajaj Auto and Godrej Consumer Products…

CG Power and Industrial Solutions Ltd. reported its March quarter results on Wednesday, May 6, where revenues remained largely in line with market expectations, but the company delivered an beat on both operational margins and profitability, driven mainly its Power segment. For the March quarter, CG Power reported a consolidated revenue of ₹3,441 crore, marking…

The Insurance Regulatory and Development Authority of India (IRDAI) is examining a revamp of commission structures across insurance distribution channels, with a sharper focus on linking payouts to the level of effort involved in policy sales, sources told CNBC-TV18. According to people familiar with the development, the regulator is considering an ‘effort-based’ commission framework, under…

Two and three-wheeler manufacturer Bajaj Auto Ltd. announced a buyback of its equity shares on Wednesday, May 6, along with its results for the March quarter. Buyback Contours As per its exchange filing, Bajaj Auto plans to repurchase 46.94 lakh equity shares of the company, which carry a face value of ₹10 each as part…

Smallcap stocks have staged a sharp recovery from their March lows, with the Nifty Smallcap Index rebounding 24% from the March 23, 2026 intraday low of 14,986, to an intraday high of 18,565 on May 6. 96 of the 100 stocks in the index have delivered positive returns since the March lows, with two stocks…

Baroda BNP Paribas Mutual Fund Senior Fund Manager Jitendra Sriram said softer crude prices could improve sentiment for India and support interest rate-sensitive sectors. He believes refining, oil marketing and select specialty chemical companies may benefit if West Asia tensions ease. Sriram also cautioned that higher raw material and logistics costs may pressure corporate earnings…

US markets staged a sharp rally on Wednesday after an Axios report of the US and Iran being close to a one-page memo to end the war that has lasted close to 70 days, sent risk assets soaring across the globe. The Dow Jones ended 600 points higher on Wednesday, and is now another 600…

Goldman Sachs upgrades AMD to buy, raises price target to $450, citing agentic AI tailwinds, stronger than expected Q1 and outlook, and forecasts $21.1 billion server CPU revenue by 2027. Advanced Micro Devices has considerable room to run over the next year, largely due to structural agentic artificial intelligence tailwinds following a strong first-quarter report,…