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Asian stocks head towards weekly gain, oil below $100 on peace deal hopes

Brent crude futures dropped more than 1% to $98.14 a barrel while US West Texas Intermediate crude futures fell 1.6% to $93.15 a barrel

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

Rupee set to open higher on RBI's reported plan to curb dollar demand

The rupee will rise to 92.94-92.98 versus the US ‌dollar, traders said, having settled at 93.1950 on Thursday

Starlink outage hit drone tests, exposing Pentagon's reliance on SpaceX

If there was no Starlink, the US government wouldn't have access to a global constellation of low earth orbit communications

US says its forces ready to restart combat if Iran doesn't agree a deal

As part of a campaign to pressure Tehran to sign an agreement, US military forces are mounting a blockade on all ships seeking to enter or leave Iran

Iran proposes letting ships exit safely through Oman side of Hormuz: Report

The US-Israeli war with Iran has resulted in the largest-ever disruption of global oil and gas supplies due to Iran's interruption of traffic through the strait

Renault targets India among its top three markets by 2030, says CEO

The company plans to launch seven vehicles in India by 2030, including battery-electric models

Iran halts petrochemical exports to secure domestic supply amid disruptions

The export ban aims to stabilise domestic markets and ensure supply to local industries following damage caused by recent attacks

Hetero Labs targets sales of 1.5 million semaglutide pens in global rollout

Hetero plans to launch the drug in India in ‌April, focusing on building market share overseas to begin with, Managing Director Vamsi Krishna Bandi said

South Korean President Lee to make state visits to India and Vietnam

PM Modi and South Korea's Lee Jae Myung are due to hold a summit on April 20, with talks expected to cover cooperation in areas such as shipbuilding, artificial intelligence and defence

India-Zambia talks on critical minerals stall over mining rights concerns

The exploration programme in Zambia was set to run for three years, after which New Delhi had planned to invite private sector companies to participate, subject to securing mining rights

Oil prices fall as hopes for US-Iran deal outweigh supply concerns

Brent crude futures dropped 44 cents, or 0.5 per cent, to $94.49 a barrel at ‌0021 GMT. US West Texas Intermediate crude futures was down 70 cents, or 0.8 per cent, at $90.59 a barrel

Asian markets advance on US-Iran peace deal hopes, corporate earnings

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 per cent, putting the benchmark on track for a third consecutive day of gains, while Japan's Nikkei rose 1.5 per cent

Gold falls from one-month peak as investors look to US-Iran negotiations

Spot gold ‌was down 0.7% at $4,806.77 per ounce, as of 1131 GMT, after hitting its highest since March 18 earlier. U.S. gold futures for June delivery fell 0.4% to $4,829.70

Russian LNG under US sanctions heads for the first time to India

India has never publicly confirmed any such pledge and has said its buying decisions are guided by price, supply security and consumer interests

Snap to cut 1,000 jobs after activist push, bets on AI efficiency

The activist investor has an economic interest of about 2.5 per cent in the company

EU plans antitrust action, may force Meta to restore rival AI on WhatsApp

Under EU rules, competition regulators can order companies to temporarily stop suspect business practices, but these demands can be challenged in the bloc's courts in Luxembourg

ECB to warn banks about risks from Anthropic AI's new model, says report

Unlike in the US, this will be done via the ECB's regular dialogue with bank staff and no ad-hoc meeting with top management has been scheduled yet

Trump says Iran war near end as Pakistan army chief reaches Tehran

The diplomatic push came as US and Iranian officials weighed a return to Pakistan for further talks after negotiations there ended on Sunday without a breakthrough

ICICI Lombard Q4 profit rises 7% on strong health insurance demand

The insurer's profit after tax rose to 5.47 billion rupees ($58.55 ​million) for the three months ‌ended ​March 31, ‌from 5.10 billion rupees ‌a year ‌earlier