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WTO chief calls for overhaul of global trade rules as world order shifts

Okonjo-Iweala said the body's problems over decision-making needed to be tackled. Its current consensus-based model has been regularly stalled by objections from some countries

Iran working on draft law to introduce tolls for passage via Hormuz

The narrow waterway has been all but closed since US and Israeli strikes on Iran began almost a month ago, and has become a focal point of the war

Indian Oil buys first Iranian LPG since 2018 as crunch worsens amid war

The refiner will share the shipment with its state-owned peers Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd

HDFC Bank crisis is exposing deeper cracks in India Inc's governance model

Many large Indian firms that once commanded premium valuations have had their records and reputations questioned over the past decade

Gulf airspace closures leave travellers stranded and bleeding cash

Some people booked on Gulf carriers have described hours on hold to reach customer service, repeated cancellations with little explanation and automatic refunds without rebooking options

Cairn Oil & Gas mulls hiring Americans to build India's shale sector

Cairn's aim is to hire 10 Americans to apply the US shale playbook in India, where the company hopes to shave drilling and completion times by one-third to accelerate the ramp up of output

US troop movements raise fears of a risky ground attack on Iran

Iran has publicly rejected Trump's diplomatic outreach and threatened massive retaliation if the US does put boots on the ground in a bid to break Tehran's will

Meta, Google risk Big Tobacco-like fallout after addiction trial verdict

Unless the verdict is overturned on appeal, the companies may need to change how their products work, a move that could jeopardise the valuable advertising businesses

Adani in talks with Meta, Google for partnerships in data centre business

Walmart Inc.'s Flipkart is also engaged in talks with the tycoon and the Adani Group is exploring sites across Indian states for the centres

OpenAI hires JioStar CEO Kiran Mani to lead Asia-Pacific operations

Mani will take up the position of managing director for the region in June, relocating to the ChatGPT maker's Singapore office and reporting to Chief Strategy Officer Jason Kwon

Indian refiners seek alternatives to US dollar for Russian oil payments

Transactions are being carried out by depositing Indian rupees into special overseas bank accounts held by Russian sellers which are then being converted into UAE's dirham or the Chinese yuan

Iran conflict shows limits of BRICS as India faces pressure to pick sides

New Delhi has strong economic ties with the UAE and other Gulf nations, where almost 10 million Indians work

Indian refiners buy 60 mn barrels of Russian oil for April amid Iran war

The cargoes were booked at premiums of $5 to $15 a barrel to Brent

US worried by rise in 'foreigner butchering' scams being run from China

The US-China Economic and Security Review Commission said recent crackdowns on scam centers had seen Chinese criminals return home to start smaller-scale operations targeting only foreigners

Rising temperatures to kill more people in poor countries than rich ones

The new report projects that by 2050, vulnerable countries will see an increase in heat-related deaths equivalent to current fatalities from common diseases

Non-hostile ships can cross Hormuz Strait on its terms, says Iran

The nation made the comments in a letter circulated to members of the International Maritime Organistion on Tuesday, adding that countries could benefit from safe passage

Nations race to secure enough fertiliser, prevent food crisis amid Iran war

Top exporters China and Russia are curbing some crop nutrient sales, while the US is loosening shipping restrictions . India, the largest urea buyer, is scrambling for supply

Disney CEO Josh D'Amaro's first week marred by 'Fortnite,' OpenAI woes

D'Amaro took over as CEO from Bob Iger on March 18

UBS Global downgrades India stocks to neutral on high oil sensitivity

Stock gauges in energy import-dependent markets such as India and Europe have dropped over 9 per cent since the Iran war started, more than double the decline in the US

World Economic Forum postpones meet in Saudi Arabia amid West Asia conflict

The WEF said its decision "reflects a commitment to convening the meeting under conditions that ensure its full strategic impact," adding that it will provide a new date in due course