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RBI deploys nearly $12 billion to defend rupee amid West Asia war: Bankers

The scale of the intervention underscores the challenge the Reserve Bank of India faces in containing volatility triggered by the Middle East conflict that has entered its seventh day

Jindal Stainless flags possible shipment delays to West Asia amid conflict

The country's biggest stainless steel producer said West Asia accounted for a small share of its export market but that the company remained committed to serving the region

Foreign outflows from IT stocks at 7-month high in Feb on AI shockwaves

Foreign portfolio investors sold IT stocks worth ₹16,949 crore ($1.85 billion) for the month

India, China lead car exports worth billions of dollars to West Asia

The West Asia is the second-largest overseas market for China-made vehicles and an increasingly important region for the Asian giant as it looks to offset weak demand at home

Pentagon bars contractors from using Anthropic in work for US military

In a post on X late Thursday, Pentagon Chief Technology Officer Emil Michael said that there is no active Department of Defense negotiation with Anthropic.

Meta to allow AI bot rivals on WhatsApp in bid to stave off EU action

Facing scrutiny from European Union antitrust authorities, Meta says competing AI chatbots will be permitted on WhatsApp in Europe for a year through the Business API, though access will involve fees

US, Venezuela agree to re-establish diplomatic ties after Maduro's ouster

After months of heightened tensions, the US captured Venezuela's President Nicolas Maduro in January, setting off a chain of changes in the country

More tankers hit in Gulf waters as US-Iran war spreads to oil routes

Iraq has cut its oil production by nearly 1.5 million barrels a day as it ran out of storage and was unable to load tankers, officials told Reuters

Cuba brings power grid back online, blames US oil blockade for blackout

Cuba restores its national power grid after a 16-hour blackout, blaming fuel shortages linked to the US oil blockade and an outage at the Antonio Guiteras power plant

Iran war threatens Asia fertiliser supplies ahead of planting season

West Asia conflict disrupts fertiliser production and shipping via the Strait of Hormuz, threatening supplies to major Asian importers including India and China ahead of the planting season

HPCL resumes Russian crude oil purchases after three-month gap: Report

State-run HPCL resumes Russian oil purchases after a three-month gap, booking two discounted cargoes as Moscow's share in India's crude imports shows signs of rising again

Gold prices up on safe-haven rush, but dollar strength restrains rally

Spot gold was up 0.5 per cent at $5,166.3 per ounce as of 1800 ist, while US gold futures for April delivery were up 0.7 per cent at $5,168.20

ECB policymakers warn prolonged Iran war could lift inflation, hit growth

The ECB was stung by an energy-led rise in inflation following Russia's invasion of Ukraine in 2022, which it initially wrote off as temporary before hastily raising rates by a record amount

India seeking US marine cover for West Asia energy cargoes: Report

India, the world's third biggest oil importer, relies on the Middle East for about 40 per cent of its oil imports and about 85-90 per cent of LPG imports

Iran has not approached Russia for arms supplies, says Kremlin

Kremlin says Iran has not sought Russian arms, even as Moscow condemns US-Israeli strikes and deepens strategic, nuclear and defence cooperation with Tehran

Jack Daniel's maker Brown-Forman to launch more premium brands in India

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

Goldman Sachs warns Iran conflict could slow global growth, stoke inflation

Under its baseline forecast, Goldman expects oil prices to increase a bit further before moderating to $76 per barrel on average in the first quarter of 2026 and $65 in the fourth quarter

Russia accuses US, Israel of dragging Arab nations into wider West Asia war

Russia's Foreign Ministry, in a statement on Thursday, accused the U.S. and Israel of deliberately trying to draw Arab Gulf states into a wider conflagration

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows