Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus

Iran has repeatedly warned of blocking the Strait of Hormuz, a narrow yet strategically crucial maritime chokepoint for global oil supply, however, the country has not yet shut it down. Analysts say that the vital passage has never been shut down and Iran is using this threat as a diplomatic lever and that the chances…

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India-UK FTA: Focused on doing trade deals to complement, not compete, says Goyal; ‘massive investments’ in innovation sector over the next decade

Union minister for commerce and industry Piyush Goyal on Thursday said that India is in trade dialogues with the countries with whom it does not compete rather can complement with the economies involved.Speaking at an India Global Forum session on UK-India collaboration, the minister highlighted the opportunities that trade agreements create, both for the two…

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Crypto heist: Israel-linked hackers drain $90 million from Iran’s Nobitex; ‘Assets now entirely out in the open’

Hackers with suspected links to Israel have stolen over $90 million from Nobitex, Iran’s largest cryptocurrency exchange, in a high-profile cyberattack that analysts believe was politically driven, rather than financial.The group behind the breach, known as Gonjeshke Darande or “Predatory Sparrow”, leaked what it claimed was Nobitex’s complete source code and declared on Telegram, “ASSETS…

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Air India crash aftermath: Aviation minister Ram Mohan Naidu holds meeting with airlines, airport officials – Key points

The ministry of civil aviation launched a comprehensive review of aviation safety, airline performance, and passenger support systems across the country on Thursday, in the wake of the recent Air India incident near Ahmedabad.Civil aviation minister Ram Mohan Naidu Kinjarapu chaired a detailed video conference with airport directors nationwide to assess how airports are handling…

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Sealed over a chocolate ice cream! How India-UK trade deal was finalised during a walk in London’s Hyde Park, Piyush Goyal reveals

India-UK trade deal: The successful completion of FTA negotiations was confirmed by both nations on May 6. (AI image) Did you know that the India-UK trade deal was sealed during a walk in the park, and over an ice-cream? The Free Trade Agreement (FTA) negotiations between India and the UK reached their conclusion during an…

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UK interest rates: Bank of England likely to keep rates unchanged; cautious stance amid Middle East tensions

The Bank of England is expected to keep interest rates unchanged on Thursday amid growing fears that the ongoing Israel-Iran conflict might drag in the US, pushing oil prices higher and worsening inflation in the UK. The bank’s nine-member Monetary Policy Committee is predicted to hold the main rate at 4.25%, a two-year low, while…

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From India to Guinea: Indian railways to export 150 Bihar-made locomotives to Africa; 10 things to know about the Rs 3,000 crore deal

India is set to make a powerful statement in global railway manufacturing as it is set to began exporting more than 100 high-tech locomotives to West Africa.Built under the ‘Make in India’ initiative in Bihar, these locomotives come equipped with world class facilities to ensure pilot comfort. Prime Minister Narendra Modi will flag off the…

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Siemens Energy India listing: Stock surges 5%, hits upper circuit; here’s what brokerages recommend

Siemens Energy India listing: Market experts anticipate potential gains of up to 30% in the stock value, with price targets reaching Rs 3,700. (AI image) Siemens Energy India share price: The stock of Siemens Energy India, which demerged from Siemens Ltd, reached its upper limit of Rs 2,992.45 on the BSE during early trading on…

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‘Fundamentally well supplied..’: Brent crude prices expected to average $70 in FY26 despite Israel-Iran conflict, says report

Representative image (Picture credit: ANI) Brent crude oil prices are projected to average around $70 per barrel in FY26 despite geopolitical turbulence in the Middle East, according to a report by Emkay Research. The agency said oil markets remain “fundamentally well supplied,” citing rising output from both OPEC+ and non-OPEC+ producers as key factors stabilising…

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Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025

The income tax portal will implement new PAN Card application requirements starting July. Applying for a new PAN Card? From July 1, 2025 the Central Board of Direct Taxes intends to implement mandatory Aadhaar authentication for obtaining new Permanent Account Number (PAN) cards.At present, individuals can apply for a PAN using their name, birth date…

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