NaN Reuters

AERA orders major airports to cut some charges by 25% in relief to airlines

The move to cut charges comes after IndiGo and Air India sought the rationalisation of some fees levied by airports

FBI warned of Iran-linked threat to US even as White House downplayed risk

President Donald Trump publicly has minimized the possibility of Iranian attacks on American soil in response to other intelligence assessments in recent months

Suspending operations for two weeks, says Iraq's Islamic Resistance

Iran-backed Islamic Resistance in Iraq has suspended its operations in Iraq and across the region for two weeks

Iran ceasefire offers major boost to rupee ahead of RBI policy; oil plunges

The rupee is likely to open ‌in the 92.40-92.50 range versus the US dollar, having settled at 93.0075 on Tuesday

Gold rises to near three-week high after Trump pauses attacks on Iran

Bullion rose more than 3 per cent to its highest level since March 19

Intel joins Musk's Terafab AI chip project for robots, data centers

The company also posted a photo of CEO Lip-Bu Tan and Musk shaking hands, saying it hosted the world's richest man at its campus the past weekend.

India's sugar, edible oil demand dips as gas shortage hits eateries

Lower consumption could curb India's imports of edible ‌oils, including palm oil from Indonesia and Malaysia, and soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

Industrialist Gautam Adani to seek dismissal of SEC fraud case in US court

Adani's lawyers said the SEC's claims were "impermissibly extraterritorial," and no ​statements challenged by the regulator were ‌actionable

Ackman's Pershing Square proposes $64B takeover of Universal Music

Even as the music industry is flourishing, Universal Music Group's share price has lagged, something Ackman is pledging to fix with this proposed deal

Iran has attacked Saudi Arabia's Jubail petrochemical complex, says IRGC

Iran has shown it retains the ability to strike targets in neighbouring countries and effectively shut transit through the Strait, previously a conduit for a fifth of global oil supply

Iran rejects flexibility as long as US demands surrender, talks continue

He also warned that "if the situation gets out of control, Iran's allies will also close the Bab El-Mandeb Strait"

No plans to impose curbs on sugar exports: Food Secretary Sanjeev Chopra

India is the world's second biggest sugar producer

Oil hovers near $110 as Trump's Iran deadline looms over Hormuz reopening

Typically WTI trades at a discount to Brent, but this has reversed in a market where barrels for earlier delivery command a higher price

Gold rises 0.6% as dollar eases, oil dips amid hopes of de-escalation

The US dollar edged 0.2 per cent lower, making greenback-priced gold slightly cheaper for holders of other currencies

India plans sovereign guarantees to back Gulf shipping insurance: Report

The plan includes a $1.5 ​billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said ‌one government source

Saudi Arabia intercepts 7 missiles; debris falls near energy facilities

Saudi Arabia has faced repeated attacks involving hundreds of missiles and drones since the start of the US-Israeli war on Iran, most of which have been intercepted

Apple's foldable iPhone faces engineering snags, potential delays: Report

Engineering development issues could delay the first shipments of the foldable iPhones by months in a worst-case scenario

SpaceX targets record IPO with massive retail allocation, June roadshow

SpaceX plans $75 billion raise at up to $1.75 trillion valuation, with retail investors set to take an unprecedented share

Oil prices rise as Trump sharpens rhetoric on Iran; Brent crude at $110

Adding to supply concerns, Russia on Monday said Ukrainian ‌drones attacked ​the Caspian Pipeline ​Consortium's terminal on the Black Sea, which handles 1.5 per cent of global oil supply

Air India CEO Campbell Wilson steps down amid continuing losses: Report

Air India ​CEO Campbell Wilson has ​stepped down from ‌his position, Indian newspaper Mint reported, citing two people with knowledge of the matter