-- Can Fin Homes (NSE:CANFINHOME, BOM:511196) said its board will meet on April 24 to consider a final dividend for the fiscal year ended March 31, according to a Thursday filing with the Indian bourses.
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Sectors
Europe Faces Jet Fuel Shortage Amid Middle East War, Commerzbank Says
Crude oil has been the focus for many amid the war in Iran and the closure of the Strait of Hormuz, but the shortage is particularly acute for refined oil products, and especially for jet fuel, Commerzbank said in a Tuesday note.Warnings have been growing about the shortage, mainly from the Airports Council International and the International Air Transport Association to the European economy, the bank noted.The International Energy Agency has examined the European jet fuel market and found an extremely tight picture. Jet fuel demand in European OECD countries stood at 1.6 million barrels per day in 2025, with 1.1 million barrels per day met by domestic production.About 75% of the resulting net import requirement was met by the Gulf region, which is currently strained due to the shipping disruptions in the Strait of Hormuz.The IEA also pointed to a significant drop in jet fuel stock levels. With the loss of supplies from the Middle East and without adequate replacement, stocks are at risk of falling further, particularly as demand is set to rise in the coming months, the bank said.The EU plans to present a draft proposal on Wednesday to address the jet fuel shortage and prevent impending restrictions on air travel. An EU-wide mapping of refining capacity for oil products is expected to be introduced next month, the bank noted, citing Reuters.Measures will also be introduced to ensure the full utilization and maintenance of refining capacity. However, as many refineries are already operating at full capacity, the measures are likely to have a limited impact, Commerzbank said.
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Asia
Tata Investment's Consolidated Profit Jumps in Fiscal Q4
Tata Investment (NSE:TATAINVEST, BOM:501301) consolidated attributable profit increased sharply to 638.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 377.2 billion rupees a year ago.Earnings per share jumped to 1.26 rupees from 0.75 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the non-banking financial company.Total revenue from operations in fiscal Q4 also increased to 399.8 million rupees from 164.3 million rupees a year ago.The company also declared a dividend of 3.40 rupees per share, subject to shareholder approval.The company's shares were up over 1% in recent trade.
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Equities
Scotiabank Adjusts Price Target on Chevron to $187 From $168, Maintains Sector Perform Rating
Chevron (CVX) has an average rating of overweight and mean price target of $211.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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