Business

Strait Of Hormuz: An alternative route to Strait of Hormuz? Iran sets up ‘corridor’, offers ships safe passage for a price

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Strait of Hormuz (AP image) Iran has introduced a ‘safe shipping corridor’ that allows selected vessels to pass through the Strait of Hormuz via a route inside its territorial waters, as tensions in the region continue to disrupt global maritime traffic.The corridor is being offered only to ships that receive prior approval from Iranian authorities, … Read more

Qatar Lng Export: Iran hits Ras Laffan facility: Qatar’s 17% LNG capacity gone, $20bn loss; which countries will be impacted?

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QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Iran’s unprecedented attacks on Qatar’s gas facilities would significantly dent the Gulf state’s liquefied natural gas (LNG) export capacity and result in losses running into billions of dollars, according to Qatar’s state minister for energy affairs, Saad al-Kaabi.“I never in my wildest dreams … Read more

Rupee breaches 93 per dollar for first time amid Iran war oil shock; down 19 paise in early trade

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The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated. … Read more

Gold, Silver Rate Today Live Updates: Gold, silver prices under pressure as oil prices stay high amid US-Iran war

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Gold, Silver Price Today Live: Gold, silver prices under pressure Gold and silver extended their decline on Thursday, pressured by mounting concerns over global inflation, according to Gaurav Garg, Research Analyst at Lemonn Markets Desk. He noted that escalating geopolitical tensions linked to the ongoing US-Iran conflict have heightened fears of disruptions to oil supplies, … Read more

HDFC board, RBI, govt enter firefighting mode

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MUMBAI: A day after HDFC Bank’s non-executive chairman Atanu Chakraborty resigned citing concerns over practices inconsistent with his values and ethics, regulators, the bank’s board and management and the govt moved swiftly to contain a governance scare.Seeking to steady sentiment, newly appointed interim chairman Keki Mistry struck a firm tone while addressing analysts and reporters. … Read more

ADB to provide $10billion credit to Pakistan under 2026-30 strategy

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ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the … Read more