Page 8 - Reuters

Iran tells Houthis to close Red Sea gateway if US targets power network

Iran has asked Yemen's Houthis to prepare to close the Bab el-Mandeb Strait if the US attacks its power infrastructure, threatening another major global oil route

Customs joins Centre's case against Adani over airport nicotine pouch sales

Customs has told Bombay HC that duty-free shops enjoy tax benefits but remain subject to domestic regulations, backing health ministry's challenge to nicotine pouch sales at Adani-operated airport

Govt identifies $51 bn in critical imports for domestic manufacturing push

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

HSBC upgrades Indian equities to 'neutral', raises Sensex target to 84,000

Brokerage upgrades Indian equities to 'Neutral' from 'Underweight' and raises its 2026-end Sensex target to 84,000, citing easing oil prices, stable rupee and improving foreign investor sentiment

Apple Intelligence AI service cleared for use on iPhones in China

China's cyberspace regulator has approved Apple Intelligence for use on iPhones, with AI capabilities set to be powered by Alibaba's Qwen and Baidu's models for users in the country

Mira Murati's startup Thinking Machines launches an open-weight AI model

Named Inkling, the open-weight model allows developers to download, run and customise its underlying systems; the 975-bn-parameter model is the first general-purpose AI release from Thinking Machines

Oil prices rise for 4th day as US strikes on Iran raise fears of escalation

Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz

Files relating to Kudankulam nuclear power plant exposed in data breach

A ransomware group has published alleged Kudankulam project files on the dark web, prompting investigations into a data breach involving Reliance Infrastructure

Bollore joins race to acquire Lionsgate Studios amid media consolidation

Lionsgate Studios is exploring a potential sale, with France's Bollore Group and Banijay among companies weighing takeover bids amid media consolidation

Pak seeks country's top Islamic seminary guidance on crypto assets

Pakistan's crypto regulator has sought an Islamic ruling distinguishing speculative cryptocurrencies from asset-backed digital tokens to support wider adoption

Thames Water warns funds may run out as Andy Burnham weighs next move

Thames Water warns it could run out of cash by November unless creditors inject fresh funds, with its future hinging on incoming UK PM Andy Burnham's stance

US launches fresh strikes on Iran as escalation threatens shipping

The US launched fresh strikes on Iranian military sites as Tehran threatened wider energy disruptions, escalating tensions over the Strait of Hormuz

HDFC Life Q1FY27 profit jumps 12% to Rs 611 cr on higher premium collection

HDFC Life posted a 12% rise in first-quarter profit as strong renewal premium collections offset slower growth in new policy sales

Air India crash probe in final stage after cockpit recorder, pysch reviews

The AAIB said media speculation and narratives attributing blame to the ​pilots had caused some witnesses to become 'restrictive and non-responsive'

India's Ather Energy to raise $125 million via share issue, warrants

Ather Energy will raise ₹1,200 crore from existing investors led by Hero MotoCorp and the India-Japan Fund amid rising competition in India's EV market

Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The rupee ‌closed at 96.2550 per dollar, little changed from its close at 96.20 in the previous session

ICICI Prudential Life Insurance Q1 results: Profit rises 28% to ₹386 crore

The ​Indian insurer posted a profit after tax of ₹386 crore ($40.11 million) for the three-month period ended June 30, a jump from ₹302 crore a year earlier

SBI Funds Management's IPO fully subscribed on second day of bidding

The IPO of India's ​largest asset manager received bids for 126.74 million shares, against 124.56 million ‌on offer, as of 10:48 a.m. IST, exchange data showed

Asian stock markets rally after surprise slowdown is US inflation rate

Japan's Nikkei rose 1% and MSCI's broadest index of Asia-Pacific shares outside Japan rose 2.4%

Indian Gas Exchange files for IPO as parent IEX looks to pare stake

IGX shares are expected to list on the BSE, according to its draft prospectus