U.S. stock futures slumped along with Asian equities and oil prices surged after Iran started an attack on military facilities in Iraq hosting American troops, escalating tensions in the Middle East.
The S&P 500 dropped for the second time in three sessions. Oil surged above $70 a barrel after Iran fired rockets at a joint U.S.-Iraqi airbase. Gold held near the highest level in more than six years.
Trade unions in the country, including bank and factory employees, on strike, to protest the government’s policies.
🎯 News & Impact 🎯
🎯 Tata Steel :
Company said that its arm TS Alloys has received a letter of intent for grant of mining lease for 50 years for Saruabil Chromite mining block, from the Odisha Government.
🎯 Cadila Healthcare :
Amgen won ruling to revive Sensipar patent against Amneal.
🎯 Navin Fluorine :
Company commenced production of company’s Current Good Manufacturing Practice capacity addition at Madhya Pradesh.
🎯 NBCC :
Company secured business of Rs 1,090.53 crore in December.
🎯 HT Media :
Company’s arm HT Learning Centers to restructure its ‘Studymate’ and ‘Englishmate’ businesses.
🎯 Thomas Cook :
Company signed long term strategic agreement with Abu Dhabi’s trade and promotion arm.
🎯 Coal India :
Company output to be affected due to a strike on Jan. 8.
🎯 Bajaj Electricals :
NCLT approved the scheme arrangement between Hind Lamps and the company.
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