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Oil shipments rise in Hormuz while questions grow over Iran's terms

Oil tanker traffic through the Strait of Hormuz is rebounding after the US-Iran ceasefire, though Tehran's transit conditions continue to unsettle shippers

Tata iPhone plant faces health probe after alleged groundwater pollution

State health authorities are investigating complaints from farmers who reported skin ailments and alleged contamination of agricultural land near the facility in Hosur

Oil prices fall as tankers resume transit through Strait of Hormuz

By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36 a barrel, and ‌US West Texas Intermediate crude rose $1.28, or 1.7 per cent, to $77.88 a barrel

Gold demand stays muted in India despite price drop to two-month low

India's physically backed gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year in May, driven by profit-taking following a price rally on higher import duties

US-Iran talks in Switzerland called off, raising doubts over lasting peace

Switzerland confirmed that planned talks between US and Iranian negotiators would not take place on Friday, while Washington cited logistical challenges

RMZ plans $35 bn investment push, targets up to 3 GW data centre capacity

The real estate and investment firm is in advanced talks on three projects that would take its data centre capacity beyond 1 GW, with additional land acquisitions planned to support future growth

AI accelerating projects, clearing work backlogs: Deutsche Bank executive

Deutsche Bank said AI tools are improving efficiency across its operations, enabling teams to clear work queues significantly faster

Khamenei says he backed US-Iran MoU after receiving key assurances

Khamenei added that future ‌face-to-face negotiations with the United States ‌would not mean accepting "the enemy's position"

Oil prices fall to lowest after ceasefire deal, touch pre-Iran war level

Oil slid to pre-Iran war lows as the US-Iran deal eased supply fears, lifting Indian equities even as hawkish Fed signals weighed on IT and gold

India-US trade deal had created uncertainty between two nations: Misri

"There are ups and ‌downs in relations ​between nations, ‌the leaders of both ‌nations deal with them," Vikram ‌Misri, the ​top official ​in India's foreign ministry told reporters ‌in ​Paris

Oil prices fall 2% to lowest since start of Iran war on US-Iran peace deal

Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel ‌as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel

Rupee's oil-led gains capped by RBI FX book, hedging flows: Bankers

The RBI's short-dollar ​forward book is estimated to have ballooned to an all-time high of nearly $110 billion, according to two ‌officials at foreign banks, up from $96 billion in April

Large-scale Ukraine drone attack hits Moscow refinery, Russia fires back

The attack is the second in just a few days after a drone strike on Tuesday halted operations at the refinery

India's largest-ever IPOs ahead of NSE and Reliance Jio offerings

NSE's IPO is likely to be worth $3.3 billion, based on its ​share price in private markets, and comes after years of regulatory delays

Apple agrees to work with Intel to manufacture chips in US, says Trump

The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD

Italy's antitrust regulator probes Apple for breach of digital market rules

The authority said in the statement that it had proof that other providers of consumer cloud services could not be in the same position as iCloud

Bond market outlook: Fed's hawkish turn may pull Indian Gsec lower

Benchmark 6.94 per cent 2036 yield seen at 6.85-6.90 per cent after US rate-hike signals lift Treasury yields

RBI not in favour of offshore settlement for govt bonds despite tax changes

The RBI had previously explored allowing settlement through offshore platforms to expand the foreign investor base for local currency debt, at a time when overseas interest was subdued

Meta executive leading 'AI for work' overhaul exits amid restructuring

Emily Dalton Smith, who has been with the Facebook owner since 2015, previously held roles as vice president of product management and head of product for Meta's Twitter-like microblogging app Threads

Asian stocks steady, oil prices lower after US and Iran sign peace deal

Both countries released the text of ​the agreement, which had already circulated widely before its contents were published