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India turns to Latin America, Africa for crude oil amid West Asia crisis

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

India turns net importer of finished steel in April amid rise in shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

Toshifumi Suzuki, father of Japan's convenience stores, dies at 93

Toshifumi Suzuki pioneered the use of data to tailor inventory and built a business model centred on ready-to-eat meals and rapid inventory turnover

Oil falls 6% to two-week low as US-Iran seen moving closer to peace deal

Brent crude futures fell $5.85, or 5.7 per cent, to $97.69 ‌a barrel by 0343 GMT, while US West Texas Intermediate were at $90.85 a barrel, down $5.75, or 6 per cent

RBI will do 'whatever is required' to ensure orderly forex market: Guv

Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28

Taiwan, Chinese coast guards in maritime standoff at South China Sea

Taiwan and Chinese coast guards exchanged warnings near the Pratas Islands amid rising tensions in the South China Sea

Russia strikes Kyiv with massive missile and drone attack, killing one

Explosions reverberated through the city shortly after 1 a.m. (2200 GMT Saturday), shortly after Ukraine's air force had warned on its Telegram channel that Russia might launch an intermediate missile

Donald Trump says no rush for any deal with Iran, US blockade stays

'Both sides must take their time,' says Trump

US-Iran deal may reopen Hormuz during 60-day ceasefire extension: Report

According to the Axios report, during the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely

Trump says Iran deal 'largely negotiated,' including reopening of Hormuz

"Final aspects and details of the Deal are currently being discussed, and will be announced shortly," Trump wrote on Truth Social

China's DeepSeek makes permanent 75% cut in V4-Pro AI model prices

DeepSeek did not disclose ​whether the permanent price cut was due to increased ​supply of Huawei's Ascend 950 chips, which it used to maximize V4's performance

Tulsi Gabbard resigns as Trump's top US intelligence official: Report

Gabbard advised Trump of her intention to step down during an Oval Office meeting on Friday, the news outlet reported. The resignation is effective June 30, it said

Hindalco Q4 results: Net profit declines 51% to ₹2,597 cr, misses estimates

The Aditya Birla Group company reported a sharp fall in quarterly profit as charges linked to fire disruptions at Novelis offset gains from higher metal prices

Sensex and Nifty end week in green amid US-Iran peace 'progress'

Sensex and Nifty ended higher for the week as IT stocks rebounded amid hopes of easing West Asia tensions and improving global sentiment

Kevin Warsh takes over US Fed with a policy problem already in view

The new Federal Reserve chair takes charge as rising inflation, AI-led economic shifts and geopolitical shocks complicate the US monetary policy outlook

India faces power cuts as heatwave drives record electricity demand

Several regions faced power cuts as soaring temperatures pushed electricity demand beyond 270 GW, prompting calls for more judicious power use

Sun Pharma posts Q4 profit of ₹2,714 crore on strong specialty drug demand

India's largest drugmaker reported stronger-than-expected quarterly profit as growth in specialty medicines offset weakness in US sales

RBI not in favour of rate hikes to defend rupee, prioritises inflation

India's rupee has fallen nearly 6 per cent since the Iran war began late in February and slumped to a record low of nearly 96.96 per dollar on Thursday

India's job engine strains as Iran war hits remittances and trade

Iran war has dealt a double blow to the economy, with returning migrant workers stuck in India and unable to find similar pay in their hometowns, raising risk of social unrest as unemployment grows

Oil prices gain as investors doubt breakthrough in US-Iran peace talks

Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, and US West Texas Intermediate futures were up $1.73, or 1.8 per cent, at $98.08