Giri world

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Oil prices surged Tuesday as Iranian-linked attacks and military clashes heightened fears of disruption in the Strait of Hormuz. Brent crude rose 6% to $114.44 a barrel, while WTI settled 4% higher at $106.42. The Fujairah Oil Industry Zone was struck by a drone, with Emirati officials blaming Iran. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tAx4kG0 >

Analysts are bullish on Bajaj Finance, IIFL Finance, and Navin Fluorine, citing strong quarterly results and positive future outlooks. Federal Bank is seen as fairly valued, while Waaree Engineering's revenue beat expectations despite margin concerns. Investors are watching these key companies closely. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Npo5ghH >

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Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder's anonymity has been crucial for Bitcoin's growth, preventing single-point capture and fostering its perception as a digital commodity. Back views Bitcoin's current institutional adoption, including ETFs, as a positive, decentralized evolution. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fszX5gp >

Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as Deputy Governor. His three-year term begins on or after May 3, 2026, succeeding T Rabi Sankar. Jain, who previously oversaw banking supervision, joins SC Murmu as an internal promotion to the DG post, with departments likely to be reshuffled. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tNU2hXu >

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring countries. Companies with up to 10% Chinese holding can now invest via the automatic route, though entities registered in China itself are excluded. These changes aim to boost capital inflows amidst a weakening rupee. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vhFDiyz >

Commercial LPG cylinder prices have surged by nearly 50%, marking the highest single-day hike by state-owned oil firms. Domestic LPG, petrol, and diesel prices remain unchanged despite global energy cost increases. This move impacts industrial consumers and migrant populations relying on smaller commercial cylinders, while airlines face rising ATF costs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pLEDkSB >

The Finance Ministry has declared the West Asia conflict a "war," enabling government entities to invoke 'force majeure' for public contracts impacted by disruptions. This allows for penalty-free extensions of two to four months for affected companies, offering significant relief to sectors like defence and drone manufacturing facing supply chain issues. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/49eIkow >

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India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oil tankers. This strategy mandates that a portion of these ships be built domestically, facilitating technology transfer and strengthening local manufacturing. The government aims to aggregate demand for hundreds of vessels to enhance self-reliance in the maritime sector. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NUGms6t >

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The government has revived the strategic sale of its stake in IDBI Bank, along with LIC's holding, after previous bids were rejected. A fresh valuation is underway, with officials considering whether to re-engage existing bidders or restart the process to expedite the sale and maintain investor confidence. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fy94OxY >

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The Reserve Bank of India has finalised new rules requiring banks to provision for expected loan losses from April 2027, shifting to a forward-looking approach. While stricter than current practices, the norms are less stringent than initially proposed, with a wider scope including small finance banks. Banks will have until March 2030 to fully implement the changes for existing loans. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4VTzjKy >