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Oil prices near $120 as US-Iran war deadlock keeps supply off market

US President Donald Trump spoke on Wednesday with oil companies about how to mitigate the impact of a possible months-long US blockade of Iran's ports

Elon Musk testifies at trial that OpenAI's nonprofit status gave it 'halo'

OpenAI has said it created a for-profit entity to allow it to buy computing power and pay top scientists

US Fed keeps interest rates steady; three dissents against 'easing bias'

A fourth dissent at the meeting came in favor of a quarter-percentage-point rate cut

Gold slips as oil prices fuel inflation fears ahead of Fed chair remarks

Gold slips as rising oil prices stoke inflation fears and rate outlook uncertainty, with markets eyeing Fed Chair Jerome Powell's cues on policy path

Cities near Mumbai likely to raise funds via bonds for first time

Navi Mumbai and Panvel plan maiden bond issues, signalling momentum in India's municipal debt market to fund urban infrastructure projects

Rupee falls 0.3% to record closing low of 94.8450 amid oil price surge

The currency has drifted back toward record lows as the impact of central banks' rupee supportive measures faded, with concerns over India's exposure to higher energy prices weighing on sentiment

Vedanta Q4 results: Net profit rises to ₹6,698 cr on strong metal prices

The ‌Mumbai-based miner's consolidated net profit rose to ₹6,698 crore ($706.3 million) ​in the quarter ended ‌March ​31 from ‌₹3,483 crore a ‌year ago

European stocks fall as traders wait for tech earnings, Fed meeting

Analysts said the United Arab Emirates' decision to quit OPEC was unlikely to have a major near-term impact on prices, though ​it would weaken the oil producers' group

AWL flags 20% surge in oil-linked input costs amid West Asia conflict

The ‌pressures reflect a broader industry trend, with peers such as bottled water maker Bisleri and Dove soapmaker Hindustan Unilever raising prices to counter higher conflict-linked input costs

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day

Gold investment demand tops jewellery buying for first time in India

Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewellery buying, hit by a rally in prices, helping keep overall demand stable

HSBC names Gautam Anand to lead Global India private banking unit

Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs

Centre proposes rules to allow higher ethanol-blended fuels in vehicles

The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of ‌85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol

Trump unhappy with peace proposal, says Iran 'figuring out its leadership'

Iran's most recent offer for resolving the two-month war would set aside discussion of its nuclear programme until the conflict was concluded and shipping disputes resolved

Oil prices jump nearly 3% as Hormuz disruption outweighs UAE Opec exit

Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a ​barrel, marking its seventh consecutive day of gains

Trump greets King Charles on 'beautiful British day' at White House

In his remarks, Trump stressed the bonds of friendship that have evolved between Britons and Americans since their days as adversaries during the War of Independence and the "wounds of war" it caused

Musk lawyer says OpenAI stole charity as high-stakes trial begins

A defense lawyer will make an opening statement later on Tuesday. Musk, Altman and Brockman attended the trial

UAE to walk out of Opec, Opec+; India may gain from supply shifts

The UAE, with capacity of around 4.8 million barrels per day, has long been one of the most influential and compliant members of Opec+, and is currently the fourth-largest producer in the alliance

Rupee falls 0.4% to 94.19, near one-month low as oil tops $110/barrel

The rupee touched a low of 94.54 per dollar during the trading session, its weakest level since March 30, before closing at 94.19, down 0.4 per cent on the day

Google signs classified AI deal with Pentagon for defense works: Report

Classified networks are used to handle a wide range of sensitive work, including mission planning and weapons targeting