Amid the escalating West Asia crisis, the disruption in the Strait of Hormuz is beginning to ripple through India’s real estate sector, sharply increasing construction costs, delaying supplies

HDFC Bank chairman resigns, stock tumbles
HDFC Bank’s part-time chairman, Atanu Chakraborty, resigned abruptly, citing differences over the bank’s governance and his ethics. The stock fell nearly 7%

The Indian government explored pre-installing the Aadhaar app on smartphones. But tech giants pushed back, raising concerns over privacy, security, and costs. Here’s what the proposal means, and

Israel acted alone against Iran's gas compound, Trump asked us to hold off on future attacks and we're holding that: Netanyahu

At least 47 people were injured on Saturday evening after an Iranian missile struck the southern Israeli town of Dimona -- famous for the dome-shaped structure atop its nuclear centre and popularly known as "little India", rescue services said.
Among the injured was a 12-year-old boy in serious condition after being hit by shrapnel, officials from the Magen David Adom (MDA) rescue services and local residents told PTI.
A woman in her 30s was moderately hurt by glass shards, and 31 others suffered minor injuries from shrapnel or were hurt after falling over while running to shelters, they said. Some 14 others were treated for acute anxiety at Soroka Hospital in Beersheba.
"The missile fell on a community building, and nearby older houses collapsed under the impact. Most of the people were in shelters, so they were not hurt badly, except for the young boy who stayed outside," a local resident told PTI.
The Israel Defence Forces (IDF) said it is investigating the failure to intercept

US Israel strike Iran

Press Trust of India

President Donald Trump on Saturday said the US will "obliterate" Iranian power plants if it doesn't fully open the Strait of Hormuz within 48 hours.
Trump issued the ultimatum in a social media post whole he spent the weekend in Florida.
He said he's giving Iran exactly 48 hours to open the vital waterway or face a new round of attacks. He said the US would destroy "various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!"
Trump faces increasing pressure to secure the strait as oil prices soar.

Donald Trump, Trump

Iranian missiles struck two communities in southern Israel late Saturday, leaving buildings shattered and dozens injured in dual attacks not far from Israel's main nuclear research centre, while President Donald Trump warned the US will "obliterate" Iranian power plants if it doesn't fully open the Strait of Hormuz within 48 hours.
The developments signalled the war was moving in a dangerous new direction at the start of its fourth week.
Trump -- who is facing increasing pressure at home to secure the strait as oil prices soar -- issued the ultimatum in a social media post while he spent the weekend at his Florida home.
Trump said he's giving Iran 48 hours to open the vital waterway or face a new round of attacks. He said the US would destroy "various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!"
The Strait of Hormuz, which connects the Persian Gulf to the rest of the globe's oceans, is a critical pathway for the world's flow of oil. Attacks on commercial ships and threats of

The thrust of the conversations, per his social media posts, was to find a way to restore stability to the region and to continue coordination in the pursuit of de-escalation and peace

Narendra Modi, Prime Minister of India

Business Standard

Recent attacks against energy installations in different locations across West Asia are deeply disturbing, MEA added

MEA spokesperson Randhir Jaiswal

Accuracap Prime Opportunities Fund, its manager Accuracap Technologies LLP, and four officials have settled an AIF norms violation case with markets regulator Sebi, after paying Rs 21.75 lakh under the settlement mechanism.
The four officials who opted for settlement are Naresh Chand Gupta, Raman Nagpal, Prateek Gupta and Divya Singha.
In its order passed on Tuesday, Sebi said the proceedings initiated through summary settlement notices have been disposed of in terms of the Settlement Regulations.
The case stems from Sebi's examination of quarterly filings of Accuracap Vectra Fund, a scheme under Accuracap Prime Opportunities Fund, for FY24.
The regulator found that the scheme failed to maintain the minimum required corpus of Rs 20 crore and did not restore it within three months of the breach. Despite this, the fund neither redeemed investor units nor wound up the scheme.
Additionally, the Alternative Investment Fund (AIF) was found to have exceeded the maximum permissible invest

Sebi

NTPC Chairman Gurdeep Singh flags viability concerns for gas-based power plants amid fuel supply uncertainties and stresses need for flexible generation solutions

gurdeep singh Chairman and Managing Director, NTPC

Gurdeep singh Chairman and Managing Director, NTPC

To secure supplies, 13 tankers carrying around 3.5 lakh tonnes of LPG are currently headed from the US to India

Brent crude, crude oil

The US hasn't been targeting Iran's energy assets in the war, he said. With regard to Kharg Island, a key Iranian export hub, it mounted a "precision strike" against the military assets

Scott Bessent , Trump's Treasury secretary pick

Bloomberg

The Sri Lankan government on Sunday urged the public to use fuel and electricity sparingly to cushion potential shortages amid volatile global oil markets.
This came as the island nation raised fuel retail prices at midnight, the second such hike in a week.
As a conservation measure, the government had rationed fuel retail distribution based on a QR code issued for each vehicle.
"We urge the public to consume electricity and fuel mindfully and limit energy consumption to a minimum," said government spokesman and minister Nalinda Jayatissa.
He warned against hoarding fuel and sought information on such attempts.
The minister's statement comes in the backdrop of Iran's ongoing war with the US and Israel, which has led to the closure of the Strait of Hormuz, a strategically important choke point for the world's energy supplies.
With the two cost escalations, the fuel retail prices are set to return to the levels of the 2022 economic crisis, when the island nation declared its first-

Sr Lanka, Sri lanka flag

Cook, speaking at the China Development Forum in Beijing on Sunday, praised the innovations of Chinese developers and the automation at the country's manufacturing facilities

Apple CEO Tim Cook said he believes Apple will return to growth in China during the current quarter

Cuba's power grid collapsed Saturday leaving the country without electricity for a third time in March as the communist government battles with a decaying infrastructure and a US-imposed oil blockade.
The Cuban Electric Union, which reports to the Ministry of Energy and Mines, announced a total blackout across the island without initially giving a cause for the outage.
The union later said the blackout was caused by an unexpected failure of a generating unit at the Nuevitas thermoelectric plant in Camaguey province.
"From that moment, a cascading effect occurred in the machines that were online," said a report from the Ministry of Energy and Mines, which activated "micro-islands" of generating units to provide power to vital centres, hospitals and water systems.
Authorities said they were working to restore power.
Power outages, whether nationwide or regional, have become relatively common in the last two years due to breakdowns in the aging infrastructure.
The breakdowns are ...

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Sri Lankan govt urges sparing use of power, fuel; hikes prices again

Apple CEO praises Chinese developers, partners amid Beijing's pressure

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47 injured after Iranian missile hits Dimona, Israel's key nuclear hub

Trump threatens strikes on Iran if Hormuz not reopened in 48 hours

Iran strikes near Israeli nuclear hub as Trump sets 48-hr Hormuz deadline

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