Reuters

Indian edible oil buyers move to secure prompt shipments as prices surge

India, which meets nearly two-thirds of its edible oil demand through imports, also buys palm oil from Indonesia, Malaysia and Thailand, with shipments typically reaching its ports in about a week

India to boost coal use for summer as West Asia crisis hits LNG supplies

India has invoked emergency provisions and declared force majeure, reprioritising natural gas supplies to key sectors such as households and fertiliser plants

West Asia war: Vietnam urges people to work from home to save fuel

Prices for gasoline in the Southeast Asian country have risen by 32 per cent, diesel by 56 per cent and kerosene by 80 per cent since the end of last month

Rupee rises as Asian markets catch a breather, importers keen to hedge

The currency was last up 0.15 per cent at 92.18, still close to its all-time low of 92.3475 hit in the previous session

Anthropic files lawsuit to block Pentagon blacklisting over AI use curbs

The Pentagon said U.S. law, not a private company, would determine how to defend the country and insisted on having full flexibility in using AI for any lawful use

Anthropic says Pentagon blacklisting could hit sales, harm reputation

A looming blacklist by the United States Department of Defense has pushed Anthropic into a legal battle, with executives warning that the move could wipe out billions in projected revenue.

Trump weighs easing Russia sanctions, other measures to cool oil prices

Trump told reporters in Florida on Monday that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market, but declined to provide details

Oil falls over 6% as Trump predicts de-escalation in West Asia conflict

Shortly after settlement, prices turned negative following news of a phone call between US President Donald Trump and Russian President Vladimir Putin

India has no plans to join IEA strategic oil reserve release: Report

The source also said that India has no plans to restrict its fuel exports as it has 'reasonably' comfortable stocks of gasoline, gasoil and jet fuel

Trump reviews steps to tame oil prices after Iran war roils markets: Report

The turmoil in energy markets comes at a sensitive moment for the president, who has sought to keep fuel prices low as a cornerstone of his economic message to voters

Trump calls on Australia to give asylum to Iranian women's soccer team

The Iranians' campaign in the Australian-hosted Asian Cup tournament started just as the US and Israel launched air strikes on Iran, killing the Islamic Republic's Supreme Leader Ali Khamenei

Embraer sees E175 assembly in India in 2028 if it secures 200 orders

Earlier this ​year, Embraer and India's Adani Group had announced a memorandum of understanding to establish a final assembly ‌line for the Brazilian firm's first-generation jetliners in India

Saudi Aramco cuts output at two oilfields amid Strait of Hormuz crisis

Several of Saudi Arabia's neighbours have also cut production as shipping in oil transit chokepoint, carrying roughly a fifth of global oil and liquefied natural gas flows, has ground to a near halt

Indonesia signs agreement with India to procure BrahMos missiles: Report

In 2023, BrahMos, a company co-owned by the Indian and Russian governments, told Reuters it was in advanced discussions with Jakarta on a deal worth $200 million to $350 million

West Asia conflict could boost palm oil demand from biodiesel sector

Indonesia, the world's largest user of palm oil-based biodiesel, said it may revive plans to roll out a B50 grade of palm oil biodiesel mid-year to counter surging crude oil prices

Central banks across Europe face rising rate hike bets amid Iran war

The unusually sharp repricing came as major oil producers cut supply and fears grew of prolonged shipping disruptions, pushing crude above $119 a barrel its highest level since mid-2022

West Asia crisis complicates rate outlook for Asian central banks

Share markets plunged and the safe-haven US dollar rose in Asia on Monday as oil surged past $110 a barrel, stoking fears of a protracted West Asia war on global energy supplies

Lucky numbers and collusion: How cement cartel targeting ONGC came unstuck

A confidential investigation by the Competition Commission of India has found evidence that several cement companies allegedly colluded for years to rig bids in tenders issued by ONGC

Bangladesh closes universities to save electricity, fuel amid energy crisis

Authorities said the decision applies to all public and private universities across the country

India's finished steel exports jump 36.6% in April-February period

India's crude steel ​production increased 11.2 per cent year-on-year to 153.61 million ‌metric tons over the same ​period