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Iran and US make competing claims over control of Strait of Hormuz

"Today ​you see that the Strait of Hormuz is under the management and control of the Islamic ​Republic," Iran's Basij paramilitary unit head Hossein Taeb said

Turkey lays out plans for defence pact with Pakistan and Saudi Arabia

The three Sunni Muslim US allies, ​alarmed by a regional conflagration that ​has brought Iranian missile fire onto Gulf oil exporters, signed the "Mecca Joint Defence ​Agreement" on August 7.

India's edible oil imports hit 10-month high in July on high demand: SEA

Refiners raised palm oil and soyoil purchases ahead of the festival season, with total imports reaching their highest level in 10 months, industry data showed

Larsen and Toubro secures AI data centre order worth up to $1.57 billion

The order secured by L&T's AI infrastructure subsidiary, LTN Compute is in the range of ₹10,000 crore to ‌₹15,000 crore ($1.05 billion to $1.57 billion), and marks L&T's foray into the AI factory busi

China extends anti-dumping duties on Indian optical fibre for 5 years

The tax rates will remain unchanged from previous rulings, ranging between ​7.4 per cent and 30.6 per cent across different Indian exporters

Black Box wins $131 million data centre order from US hyperscaler

Digital infrastructure services provider Black Box will execute a major US data centre project over about three years, with further expansion expected

Muthoot FinCorp files for ₹3,000 crore IPO to fund growth, lending

The non-banking financial company plans to use proceeds to strengthen Tier I capital, support lending and expand its digital platform

Carmakers discussed E20 contamination risks before public retreat: Report

Maruti Suzuki, Tata Motors and Mahindra discussed concerns over chloride and moisture in E20 fuel even as the industry publicly backed the government's ethanol rollout

SBI's dollar debt sale prompts Bank of Baroda to test waters: Bankers

The bank ​has offered a spread of 120 basis points above US Treasury for ​the three-year option and 130 bps on the five-year sale, the bankers added

Oil prices fall on lower demand growth forecasts despite US-Iran deadlock

Brent futures ‌dropped $1.29, or 1.5 per cent, at $87.69 a barrel by 0100 GMT; US West Texas Intermediate (WTI) crude fell $1.30, or 1.6 per cent, to $81.97

India nearly doubles planned coal mining capacity in 2025: Report

India's proposed coal mine capacity rose to 638 mtpa in 2025, driving almost all of the growth in the global coal project pipeline despite rising renewable capacity

Paytm CEO, CFO get Sebi notice over 2023 disclosure curbing small loans

The company, in a statement on December 6, 2023, said it would issue fewer sub-₹50,000 (about $525) personal loans, after the ‌Reserve Bank of India tightened rules on consumer lending

Asian stocks rise as US inflation data dents Fed's September rate hike bets

Asian equities gained after US consumer prices rose in line with expectations, while oil prices held near $80 a barrel amid a standoff between Washington and Tehran

China's Tencent posts 11% Q2 revenue rise, profit misses estimates

For the three months ended June, the ​Shenzhen-based gaming and internet ‌company reported revenue of ​204.8 billion yuan ($30.36 billion), in line with analyst ‌estimates of ​202.2 billion ‌yuan

Meta faces biggest youth social media test yet as 29 US states go to trial

The seven-week trial will test claims that Meta designed Facebook and Instagram to keep children hooked and misled users about the safety of its platforms.

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecast

Foxconn expects its capital expenditure to continue growing and forecasts a 30 per cent increase in 2026 from a year earlier.

Putin says Russia will respond in kind if EU nations seize Russian vessels

TASS cited Putin as saying of those ​measures: "Of course, this is nothing short of piracy and ‌banditry. And if this is actually put into practice, ​we will be forced to respond in kind."

Ukraine halts strikes on tankers using Russian port at US request, FT says

Ukraine agreed not to target CPC infrastructure or non-Russian vessels as long as the latter were not under Ukrainian sanctions and were not carrying Russian oil or cargo, FT reported

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

IEA said oil supply has fallen well below demand due to the Strait of Hormuz shutdown, the US blockade of Iranian exports, attacks within the Bab el-Mandeb Strait, and reduced Kazakh CPC Blend exports

India's inflation rises to 4.45%, but unlikely to shift RBI rate outlook

India's retail inflation rose for a second straight month above the RBI's 4% target in July, but remained within the central bank's 2-6% tolerance band.