Iran's Parliament Security Committee on Monday approved the Strait of Hormuz Management Plan, which includes measures to impose tolls on vessels passing through the strategic oil route.

The RBI tried to stabilise the rupee by capping banks’ forex positions. It worked, for a few hours. But deeper pressures remain. Oil prices, capital outflows, and structural risks are still pushing

Unilever has imposed a global hiring freeze across all levels for at least three months, citing mounting business challenges from the escalating conflict in West Asia.

In Match 4 of the 19th edition of Indian Premier League (IPL 2026),Cooper Connolly struck a fine unbeaten half-century as Punjab Kings (PBKS) defeated Gujarat Titans (GT) by three wickets in Mullanpur

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

Vedanta

Business Standard

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday.
Globally, the company has fired around 30,000 employees.
"In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department.
The company has approximately 30,000 employees in India, including those affected by the layoffs.
Oracle declined to comment on the development.
Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant".
The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

Oracle

Press Trust of India

Stock market rules changing from April 1: A flat 12 per cent surcharge will be levied on capital gains, applicable to both individual and corporate shareholders, from share buybacks

Stock market rules changing from April 1

Jio Financial Services (JFS) is hoping to start general and life insurance businesses this year, a top company official has said.
The financial services company does not have any immediate plan to get into the unsecured and consumer durable lending businesses.
"We hope to start insurance manufacturing in 2026, subject to regulatory approvals," its chief executive and managing director Hitesh Sethia told PTI recently.
The company, which recently entered the reinsurance business, along with its equal joint venture associate Allianz, will partner with the French company for general and life insurance businesses as well.
Sethia said in parallel, the company is working towards building the necessary teams for the insurance foray.
JFS, which is promoted by entities linked to the richest Indian Mukesh Ambani, has entered lending businesses, like assisting home buyers, asset management, wealth management and reinsurance, either by itself or through partnerships.
Explaining its strategy i

Jio Financial Services

The European Union is expanding its powers to track, raid and deport migrants to "return hubs" in third countries in Africa and elsewhere, quietly adopting tactics of the Trump administration that have drawn public criticism across the 27-nation bloc.
The EU continues to tighten migration policies after right-wing parties took power in some countries in 2024. European Commission President Ursula von der Leyen, from the centre-right European People's Party coalition, has said the new measures will prevent a repeat of the 2015 crisis caused by the civil war in Syria, when about one million people arrived to seek asylum.
"We have learnt the lessons of the past. And today, we are better equipped," von der Leyen has said. The new policies, known as the Pact on Migration and Asylum, go into effect on June 12.
Far-right parties in Europe have praised the deportation policies of US President Donald Trump and called for the EU to adopt a similar approach. Human rights groups warn that ...

illegal immigrants, migrants

Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to nearly 16,000 units in the January-March period amid negative sentiments due to the West Asia conflict, according to Anarock.
However, the demand rose 44 per cent on an annual basis following the low base effect.
Real estate consultant Anarock data showed that housing sales in Delhi-NCR stood at 15,985 units during the current January-March period, down 17 per cent from 19,250 units in the previous quarter.
Sales in Delhi-NCR increased 44 per cent from 11,120 units in the January-March period of the last year.
Anarock Chairman Anuj Puri noted that the long-term fundamentals of India's residential segment remain strong, but the "short-term tremors of the Iran War were clearly visible in the first quarter".
He pointed out that the war-induced uncertainty has affected buying sentiments, particularly in March, resulting in a 7 per cent decline in sales across seven major cities during the January-March period of thi

Housing

The going was good until war in West Asia started. The inflation rate was low with growth staying robust

The April policy meet will be the first under the new series for gdp and inflation

The April policy meet will be the first under the new series for GDP and inflation

The government has stepped up measures to secure fuel and gas supplies amid the closure of the Strait of Hormuz, while urging citizens to avoid panic buying as sporadic rushes were reported at fuel stations.
In a statement, giving an update on developments following the war in West Asia, the oil ministry said refineries are operating at high capacity with adequate crude inventories, and stocks of petrol and diesel remain sufficient nationwide. Retail outlets are functioning normally, even as rumours triggered temporary spikes in demand in some states.
"There were certain rumours, which led to panic buying at some retail outlets in a few states, resulting in unusually high sales and heavy crowding at retail outlets. However, it is informed that there are adequate stocks of petrol and diesel available at all petrol pumps in the country," it said.
To boost domestic availability, the government has cut excise duty on petrol and diesel by Rs 10 per litre and imposed export levies of Rs .

Strait of Hormuz, crude oil (Photo: PTI)

India's growing economy and massive infrastructure needs align perfectly with American expertise in energy, advanced manufacturing and digital infrastructure and both sides are well-positioned for a 'win-win' expansion of their strategic economic pillar, US Ambassador Sergio Gor has said.
The envoy said the two countries are prioritising building resilient supply chains for semiconductors and critical minerals, and welcomed New Delhi joining the US-led 'Pax Silica' initiative, which aims to secure these networks amid intense competition from China.
In an interview to Span magazine, a US embassy publication, the ambassador said Washington is uniquely positioned to serve as the "main facilitator" of economic growth across South and Central Asia and that its proposed trade deal with India will create a "powerful anchor" for regional economic integration.
Elaborating on the US' defence and security cooperation with India, he said it represents the "most strategically significant" area o

US Ambassador Sergio Gor is seen during a press conference, in New Delhi, in this file photo dated Monday, Jan. 12, 2026. (PTI Photo/Atul Yadav)

Google is removing gesture-based editing shortcuts in Google Photos to reduce accidental triggers, shifting tools like Erase and Reimagine to the menu for a smoother editing experience

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