Savings Effect

IRAN STRUCK HOSTILE TARGETS IN THE STRAIT OF HORMUZ - FARS NEWS TWO EXPLOSIONS HEARD ON QESHM ISLAND WERE TIED TO ACTION AGAINST HOSTILE TARGETS NEAR THE ENTRANCE OF THE STRAIT OF HORMUZ, ACCORDING TO INFORMED SOURCES CITED BY IRAN'S TASNIM

BRENT CRUDE FUTURES SETTLE AT $82.49/BBL, UP $3.04, OR 3.83%

U.S. CRUDE OIL FUTURES SETTLE AT $77.29/BBL, UP $2.07, OR 2.75%

NASDAQ COMPOSITE UNOFFICIALLY ENDS SESSION HIGHER BY 1.08 POINTS, OR 0.00 PERCENT, FINISHING AT 26,364.52 S&P 500 INDEX UNOFFICIALLY ENDS SESSION LOWER BY 11.62 POINTS, OR 0.15 PERCENT, FINISHING AT 7,711.93 DOW JONES INDUSTRIAL AVERAGE UNOFFICIALLY ENDS SESSION LOWER BY 463.39 POINTS, OR 0.85 PERCENT, FINISHING AT 53,885.73

TRUMP SAYS ON IRAN THAT HE THINKS THE WAR WILL END PRETTY SOON AND THAT HE DOESN'T THINK IRAN CAN GO MUCH LONGER, ADDING THAT THE STRAIT OF HORMUZ IS 'SORT OF OPEN RIGHT NOW' AND THAT HE IS INVOLVED IN THE NEGOTIATION AROUND IT. TRUMP SAYS ON MUNITIONS SUPPLY THAT THE U.S. HAS 'UNLIMITED SUPPLY'.

SAUDI OFFICIAL SAYS RIYADH IS CONTINUING DE-ESCALATION EFFORTS AND CONTACTS WITH ALL PARTIES, INCLUDING IRAN, WHILE ENCOURAGING MEDIATION, ADDING THAT MEDIATION EFFORTS APPEAR TO BE MOVING IN 'THE RIGHT DIRECTION'

SAUDI OFFICIAL SAYS MULTIPLE INTELLIGENCE REPORTS INDICATE IRAQI MILITIAS, COORDINATING WITH THE HOUTHIS, ARE PREPARING IMMINENT ATTACKS ON SAUDI ARABIA UNDER THE GUIDANCE OF IRAN'S REVOLUTIONARY GUARDS, CALLING THE REPORTS SHOCKING AS RIYADH PURSUES DE-ESCALATION AND A PEACEFUL RESOLUTION, THOUGH NEGOTIATIONS APPEAR TO BE MOVING IN THE RIGHT DIRECTION. SAUDI OFFICIAL SAYS SAUDI ARABIA HAS OBSERVED DRONES AND MISSILES BEING MOVED, SUGGESTING POTENTIAL COORDINATED ATTACKS FROM NORTH AND SOUTH THAT COULD TARGET CIVILIAN AND ECONOMIC SITES INCLUDING ENERGY INFRASTRUCTURE, PORTS AND AIRPORTS. SAUDI OFFICIAL SAYS SAUDI ARABIA WILL TAKE ALL NECESSARY MEASURES TO RESPOND TO ANY 'AGGRESSION', ADDING THAT SAUDI-U.S. COOPERATION REMAINS VERY HIGH AND STRONG AT ALL LEVELS, INCLUDING OPERATIONALLY WITH U.S. CENTRAL COMMAND.

WHITE HOUSE SAYS THE MINIMUM IMPORT PRICE PROGRAM FOR POLYSILICON AND DERIVATIVE PRODUCTS WILL BE EFFECTIVE AT 12:01 A.M. EASTERN TIME ON DECEMBER 4, 2026

WHITE HOUSE SAYS TRUMP HAS DETERMINED IT NECESSARY TO IMPOSE A 15% AD VALOREM RATE OF DUTY ON IMPORTS OF POLYSILICON DERIVATIVES, ALONG WITH A MINIMUM IMPORT PRICE OF $21 PER KILOGRAM FOR POLYSILICON AND $100 PER KILOGRAM FOR POLYSILICON INGOTS AND WAFERS. WHITE HOUSE SAYS THE U.S. IS ALSO IMPOSING A MINIMUM IMPORT PRICE OF $0.22 PER WATT FOR SOLAR CELLS AND $0.38 PER WATT FOR SOLAR MODULES.

LE TRAVENUES TECHNOLOGY: Q1 CONS NET PROFIT 325M RUPEES VS 190M (YOY) LE TRAVENUES TECHNOLOGY: Q1 EBITDA 249M RUPEES VS 256M (YOY) || Q1 EBITDA MARGIN 7% VS 8.14% (YOY)

HERO MOTOCORP: Q1 SL NET PROFIT 14.54B RUPEES VS 11.25B (YOY); EST 12.5B HERO MOTOCORP: Q1 EBITDA 17.3B RUPEES VS 13.82B (YOY); EST 15.7B || Q1 EBITDA MARGIN 13.3% VS 14.42% (YOY); EST 12.6%

BHARTI AIRTEL: NXTRA DATA LIMITED ENTERS INTO AGREEMENTS TO ACQUIRE UP TO 85% STAKE IN ROCHAK SYSTEMS PRIVATE LIMITED AND ROVISION TECH HUB PRIVATE LIMITED FOR DATA CENTRE BUSINESS EXPANSION

GMR AIRPORTS: CO. SUBSCRIBES UP TO 49% EQUITY STAKE IN TIM GOA AIRPORT ADVERTISING PRIVATE LIMITED FOR RS. 16.59 CRORE STRATEGIC AIRPORT-ADJACENT BUSINESS EXPANSION