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RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

South Korean Prez to seek big boost in economic ties in summit with PM Modi

South Korean President Lee Jae Myung is in India for a three-day visit, the first South Korean presidential state visit to the country in eight years

Govt expands Russian marine insurers list as Iran war strains supply chains

India is relying on Russian oil to meet most of its demand using a temporary waiver as the US-Israeli war on Iran keeps the Strait of Hormuz effectively closed

CBI arrests officials of DGCA, Reliance Industries in drone bribery probe

CBI said it had acted ‌following a tip-off that Reliance executive and govt official had settled on an amount of ₹15 lakh to process three applications related to drone imports by Asteria Aerospace

Ukraine hits Russia's Tuapse oil refinery again with drone strike

Russian officials said that a Ukrainian drone attack on Russia's Black Sea port of Tuapse sparked a fire and killed at least one person

Oil rebounds over 6% after renewed US-Iran standoff in Strait of Hormuz

Brent crude futures jumped $6.11, or 6.76 per cent, to $96.49 a barrel by 2327 GMT and US West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79 per cent

How 50 days of Iran war led to the loss of $50 billion worth of oil

More than 500 million barrels of crude and condensate have already been knocked out of the global market

IMF, World Bank meetings show limits in mitigating shocks, reliance on US

The IMF and the World Bank pledged up to a combined $150 billion in new financing assistance for developing countries hit hardest by the massive energy price shock

West Asia war: Iran rules out sending negotiating delegation to Pakistan

The report further added that no decision "as long as there is a naval blockade"

Google in talks with Marvell Technology to develop two new AI chips: Report

One of the chips is a memory processing unit designed to work with Google's tensor processing unit (TPU), and the other chip is a new TPU built specifically for running AI models, the report said

Investors pile into US stocks as 'TINA' revival knocks 'TIARA' trades

Over the last year, investors, particularly in the United States, had sought out cheaper markets abroad where returns were juiced up by a weaker dollar

US, Iran cite progress in talks as uncertainty hangs over Strait of Hormuz

Neither side offered any specifics about the state of negotiations, days before a fragile ceasefire in the US-Israeli war against Iran is set to expire

Iran reimposes control over Strait of Hormuz as ships report gunfire

At least two vessels reported being hit by gunfire as they attempted to cross the strait, the sources said

No date set for next US talks: Iran deputy foreign minister Khatibzadeh

The highest-level US-Iran talks since the 1979 Islamic Revolution ended in Islamabad without agreement last weekend

Oil settles down 9% as Iran declares Strait of Hormuz open; Brent at $90.38

US West Texas Intermediate crude futures settled down $10.48, ‌or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56

EU to push for jet fuel diversification as Iran war threatens supply

Flights in Europe could start to be cancelled from the end of May due to a lack of jet fuel, the International Air Transport Association's director general Willie Walsh said

'Enough is enough': Trump says Israel barred from bombing Lebanon

"Israel will not be bombing Lebanon any longer. They are PROHIBITED from doing so by the U.S.A. Enough is enough!!!" Trump said in a social media post

Indian refiners pay for Iran oil in yuan via ICICI Bank, says report

Indian refiners use yuan via ICICI to settle rare Iranian oil purchases under US waiver, as sanctions and payment hurdles complicate trade

Shipping firms seek clarifications before crossing Strait of Hormuz

Iran says that the Strait of Hormuz was open to all commercial vessels during a 10-day Lebanon ceasefire accord

US to delay weapons deliveries to some Euro nations due to Iran war: Report

The delays underline the degree to which the war against Iran, which began with U.S.-Israeli air strikes on February 28, has begun to stretch U.S. supplies of some critical weaponry and ammunition