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West Asia conflict Day 11: Iran warns of oil blockade, India secures LNG

Markets and oil prices remain volatile as the conflict intensifies; India secures additional gas supplies while Gulf nations intercept missiles and drones. Here are the top developments of the day

Trump weighs easing Russia sanctions, other measures to cool oil prices

Trump told reporters in Florida on Monday that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market, but declined to provide details

Reliance boosts LPG production at Jamnagar to stabilise domestic supply

Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement

Aramco CEO warns of catastrophic oil market impact from prolonged Iran war

Saudi Arabia is reducing output by as much as 2.5 million barrels a day, joining United Arab Emirates, Iraq and Kuwait in deepening cuts, Bloomberg reported on Tuesday

RIL to maximise LPG output, divert KG-D6 gas to priority sectors

Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies

JNPA waives charges on stuck cargo, exporters to get ₹12 crore relief

JNPA waives dwell time and reefer plugin charges for Middle East-bound export cargo stuck amid the West Asia crisis, while DG Shipping asks shipping lines to avoid opportunistic pricing

VinFast launches 'Trade Gas for Electric' programme amid fuel volatility

Vingroup's VinFast offers extra discounts on electric cars and scooters for customers switching from gasoline vehicles, while cutting fares on its Xanh SM mobility platform

India faces LNG, LPG supply crunch after 10 days of West Asia war

Government prioritises LPG and LNG supply for domestic use as West Asia conflict disrupts shipments; India also secures alternative supplies that bypass the Strait of Hormuz

UP to make registration mandatory for Ola, Uber, other ride-hailing apps

A decision in this regard was taken by the state Cabinet chaired by Chief Minister Yogi Adityanath

Nagauri Pan Methi gets PPVFRA patent under community farmers' variety

The patent registration was published in the Plant Variety Journal, February 2026 issue, conferring statutory ownership, legal rights upon the farming community of Nagaur district, Rajasthan

RBI caps bank dividend payout at 75% of profit after tax under new norms

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

Renault puts India at centre of futuREady plan; four models by 2030

Renault names India a key global production and growth hub in its futuREady strategy, with plans to launch four new models in the country by 2030 as part of a global rollout of 36 vehicles

Govt revises fiscal deficit ratios for FY23-FY25 after GDP base year update

The fiscal deficit was earlier estimated at 4.8 per cent for FY'25, 5.63 per cent for FY'24 and 6.4 per cent for FY'23

25 flights cancelled at Hyderabad Airport amid West Asia crisis

"Thirteen flights from the West Asia to Hyderabad were cancelled today. Similarly, 12 flights that should have left for the West Asia were also cancelled," sources told PTI

VECV names B Srinivas MD; Vinod Aggarwal to take over as chairman

VE Commercial Vehicles appoints B Srinivas as managing director and CEO from April 1, while Vinod Aggarwal transitions to chairman after leading the company for nearly two decades

Cyber fraudsters dupe 76,794 people of ₹712 crore in Odisha in 18 months

Cyber fraudsters duped nearly 77,000 people in Odisha of about Rs 712 crore in the last 18 months, Chief Minister Mohan Charan Majhi told the state Assembly

West Asia conflict jolts oil markets as analysts weigh future energy shock

Brent crude briefly surged to $120 a barrel amid supply disruptions in West Asia. Analysts warn that the Iran war could reshape oil price trajectories and pose fresh risks to India's energy security

GIC Re war-risk curbs over West Asia war expose cracks in marine insurance

GIC Re's decision to withdraw war-risk cover in sensitive maritime zones highlights the fragile economics of marine insurance and raises concerns for Indian refiners dependent on global oil shipments

Banking sector to maintain strong growth over the next two years: ICRA

Profitability in the banking sector is expected to remain healthy, supported by stronger core earnings