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Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO

Walmart will trim its stake in PhonePe by about 12 per cent in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing

MRPL declares force majeure on gasoline exports cargoes amid Gulf crisis

The state-run refiner, which operates a 500,000-barrel-per-day refinery in the southern state of Karnataka, exports about 40 per cent of its refined fuel output

Maersk suspends cargo bookings for UAE, Oman, Saudi Arabia amid war

The Jeddah and King Abdullah ports in Saudi Arabia and the Salalah port in Oman remained operational while the shipping group also still accepting cargo to and from Jordan and Lebanon

Indian gas firms restrict local supplies due to West Asia conflict

The US and Israel's air war on Iran has disrupted fuel shipments in the region, affecting India's key supplier of liquefied natural gas, Qatar

Hormuz shutdown worsens after US hits Iran warship, tankers stranded

Hundreds of other vessels remained outside Hormuz unable to reach ports, shipping data showed. The waterway is a key artery for around a fifth of the world's oil and LNG supply

China to send envoy to West Asia for mediation: Foreign ‌Minister Wang Yi

Wang Yi tells Saudi and UAE counterparts China will send special envoy as conflict escalates; urges protection of civilians, energy assets and shipping lanes

Iran firing fewer missiles, its military capabilities 'diminishing': US

Pentagon says Iran's missile fire has declined as US widens inland strikes; confirms submarine torpedo sank Iranian warship off Sri Lanka

US killed Iranian official in alleged Trump assassination plot: Pentagon

Hegseth did not name the individual but said the operation took place on Tuesday

Oil prices fall after report of possible US-Iran talks amid Gulf turmoil

Brent crude was down 50 cents, or 0.6 per cent, to $80.90per barrel by 1318 GMT, after hitting a high of $84.48 earlier in the session

Russia offers to divert oil to India as Hormuz crisis hits supplies

India is vulnerable to supply ‌shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas

US strike on Iran 'ahead of game plan' but global markets rattled

As the war headed into the fifth day, global markets reacted to mounting concerns of a prolonged conflict in a region along a major corridor of oil and gas exports

Gold rises over 1% as US-Israel strikes on Iran boost safe-haven demand

Spot gold gained 1.6 per cent to $5,168.69 per ounce as ‌of 0249 GMT while US gold futures for April delivery added 1.1 per cent to $5,178.40

Asian stocks slump as markets brace for energy shock amid West Asia crisis

Shares in Seoul dived 4 per cent ​to take two-day losses beyond 11 per cent as fast-money and foreigners bailed out of a ‌market that had soared on memory chipmakers' vast AI-driven profits

Iran war enters fourth day amid 'smoke and blood' as conflict widens

Iranian drones struck the US embassy in Saudi Arabia after previously hitting the mission in Kuwait

China refiners cut runs as war with Iran halts West Asia crude shipping

The world's biggest oil importer, China sources roughly half its crude from the Middle East

Oil prices keep climbing as expanding conflict heightens supply risks

US West ‌Texas Intermediate crude gained $5.31, or 7.5 per cent , to $76.54 after hitting its highest since June at $77.53

India eyes alternative energy supplies amid Strait of Hormuz disruption

Indian refiners process about 5.6 million barrels per day of crude, with about 40 per cent of their crude imports passing through the Strait of Hormuz

400,000 tonnes of Indian basmati stuck at ports, in transit amid Iran war

Exporters have already moved stocks to ports, but cannot ship to the Middle East because of rising container freight costs, and no alternative market can absorb the volume

Domestic companies reduce gas supply to industries after Qatar outage

Qatar halted its liquefied natural gas production on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US strikes against ​it

Japan in talks with India to jointly explore rare earths in Rajasthan

Following on a preliminary pact on critical minerals that Japan and India signed last year, Tokyo has expressed interest in the Rajasthan deposits and plans to send experts to the site