Business – Page 52

China to Return as Major Oil Buyer in August After Hormuz Reopening

JPMorgan forecasts China will resume large-scale crude oil purchases in August, boosting demand as the Hormuz Strait reopens to normal traffic.

A US jobs report highlights Nevada as an unexpected bright spot for employment seekers, with hospitality and tech sectors driving hiring.

India’s forex reserves remain robust at over $688 billion, providing a strong buffer against global volatility linked to Middle East conflict.

Analysts say the massive capital expenditure demands of AI infrastructure buildout are creating unusual spillover effects into fixed income markets.

440 Crore Outlay

Net GST revenue in March 2026 rose to ₹1.78 lakh crore, reflecting strong economic activity and improved tax compliance across sectors.

The US Department of Energy reported that Iran war-related draws have pushed strategic oil reserves to a four-decade low.

With Iran war fallout disrupting Middle East refining, Reliance’s world-class Gujarat complex has emerged as a key energy security asset for Asia.

Bank of America issued a bullish technology sector call, naming Nvidia among five stocks positioned to benefit from AI infrastructure spending.

Goldman Sachs analysts have identified a recently merged travel company as a top pick, citing post-merger synergies and rebounding demand.