Page 16 - Reuters

Indian refiners secure crude, LPG supplies till August despite Iran war

Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, ‌have also purchased crude through spot tenders in recent weeks

Air India crash report delayed as engine examination remains unfinished

A final report is expected within three months, by when studies of the GE Aerospace engines should be concluded

Oil prices climb over $2 as Iran announces closure of Strait of Hormuz

Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US ‌West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63

Zee Entertainment plans ₹2,300 crore fundraise to back expansion plans

The company, which did not disclose a medium for the raise, said the board will deliberate further on options for raising funds

Google Cloud outage in India after fire at third-party data centre

The incident affected network traffic from Delhi, Chennai, Mumbai and nearby regions, causing periods ​of elevated latency, the company said on its status page

Asian stocks slide, oil prices up amid escalating tensions in West Asia

Oil prices climbed about 1 per cent in early trade, moving away from a seven-week low touched in the previous session in the wake of the fresh US attacks

Gold in India falls below pre-duty-hike levels as overseas prices drop

Domestic gold futures fell 1.93 per cent on Wednesday to ₹1,46,557 per 10 grams, their lowest level since May 5

India equity MF inflows drop 40% in May; gold ETFs post record outflows

Inflows into small-cap, mid-cap and large-cap funds fell 28.2 per cent , 33.2 per cent and 36.9 per cent, respectively

Short-term bond yields hit three-month low on RBI dollar measures

On Friday, the ‌Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians

RBI likely stepped in to support rupee, conducts swaps, say traders

The rupee was at 95.27, up modestly ‌on the day after hitting an intra-day low of 95.5625 in early trading

Trump says Iran downed US Apache helicopter, vows military response

Monday's flare-up added further strain to efforts to broker a peace deal to end the wider Middle East war and reopen the Strait of Hormuz

Honda's board backs CEO Mibe despite push by old guard to oust him

They blamed Mibe for neglecting China, the world's biggest auto market, and making a "failed" bet on electric vehicles that would leave Honda with its first annual loss in seven decades

India's ship certifier de-classed 235 vessels over sanctions since 2023

Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation's Executive Chairman Arun Sharma said

Rupee gains as oil retreat soothes, inflow expectations erode weak bias

The rupee gained 0.4% against the dollar as lower crude prices and RBI measures to boost foreign-currency inflows eased concerns over India's external balances

Gold smuggling may top 100 tonnes as higher import duties bite: Report

At current prices, 100 ‌tons of gold would be worth about $14.35 billion, implying roughly $2.65 billion in lost tariffs and sales tax

US helicopter pilots who went down in Strait of Hormuz are fine, says Trump

It was not immediately clear whether the Apache was shot down by Iranian fire, experienced mechanical failure or encountered some other problem

Stellantis recalls over 1 mn US vehicles over power steering defect: NHTSA

As part of ‌the remedy, dealers ​will inspect ‌and replace affected components as necessary, free ‌of charge

SpaceX IPO fever sparks global hunt for aerospace, satellite stocks

With restrictions in parts of Asia on how retail investors may access the IPO, traders are scoping out regional suppliers to ride the SpaceX-driven rally

SpiceJet delays pilot salaries, seeks govt-backed loan to shore up finances

SpiceJet was India's second-largest domestic carrier ​by market share in 2019, carrying roughly 15 per cent of passengers, but that has since fallen to a fourth-place share ​of 3.4 per cent

Perplexity targets 2028 IPO regardless of Anthropic or OpenAI listings

The SpaceX IPO this week will definitely be a leading indicator of how Anthropic or OpenAI will go out, CEO Aravind Srinivas said