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UK inflation rises to 3.3% in March as Iran war impact begins to hit

The British central bank is expected to keep borrowing costs on hold on April 30 at the end of its next scheduled Monetary Policy Committee meeting

India, China place strategic bets on clean energy out of favour in West

The massive bets by the world's two most populous nations come at the same time that the West has quietly backed away from its ambitious green hydrogen goals from the start of this decade

Electric vehicle maker Tesla launches six-seater Model Y L variant in India

The new variant, called the Model Y L, features an extended wheelbase and is priced at ₹62 lakh ($66,324.35), according to the company website

Sebi panel recommends NSE pay $193 million to settle pending cases

The recommendation brings the world's largest derivatives exchange closer to resolving its long-running dispute with the Securities and Exchange Board of India

EQT becomes Asia's largest pvt equity fund with $15.6 bn fundraise

Private equity fundraising in Asia has revived in the last two years, with large-cap global investment firms attracting the largest share of allocations

SpaceX IPO filing shows Elon Musk to retain control via supervoting shares

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company's stock market debut

Oil slips on hopes US-Iran talks likely to proceed, boosting supply

Brent futures ​declined 95 cents, or 1%, at $94.53, as of 0003 GMT while US West Texas Intermediate (WTI) crude futures ‌for May fell $1.54, or 1.72%, to $88.07

Scam messages offering ships safe passage via Hormuz, warns security firm

The US has maintained its blockade of Iranian ports, while Iran has lifted and then re-imposed its blockade of the Strait of Hormuz

India's crude imports fall 13% as Hormuz disruption cuts West Asia supply

Imports from Russia nearly doubled from February to 2.25 million bpd in March while shipments from the West Asia slumped 61 per cent to 1.18 million bpd

Seized Iranian ship Touska likely carrying equipment deemed dual-use by US

The security sources said their initial assessments were the vessel was likely to be carrying dual-use items after a voyage from Asia

Apple withholds data in India antitrust case, watchdog sets final hearing

The CCI typically requires financial information from companies to calculate penalties when they are found to have contravened the law

Oil prices rise nearly 5% on fears of US-Iran ceasefire collapse

Tehran also said it would not participate in a second round of negotiations that the US had hoped to start before the two-week ceasefire expires this week

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

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"