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Ras Tanura hit again as projectile strikes Saudi Aramco facility
Saudi Arabia's vital oil export terminal at Ras Tanura has been hit by an unidentified projectile. This is the second such incident in days. The facility is crucial for global energy supplies. The attacks raise concerns over regional security and oil shipments. Ras Tanura's strategic location near the Strait of Hormuz amplifies these worries. Operations and damage extent remain unclear.
ET Graphics | Key Asia–Europe air routes choked, India hit hard in West Asia conflict
Global air travel faces significant disruption. Tensions in West Asia have impacted a vital flight path. This has led to widespread chaos in the aviation industry. Over 3,000 flights have been cancelled. The situation is affecting air transport worldwide. Passengers are experiencing significant travel issues.
Asian countries most at risk from oil & gas supply disruptions in Strait of Hormuz: Research group
Asian nations are most vulnerable to oil and gas supply disruptions in the Strait of Hormuz. Japan faces the highest risk, followed by South Korea and India. Around 20 percent of global oil and LNG flows through this vital chokepoint. China and India are the largest destinations for these energy resources.
Clean Max, Shree Ram Twistex crash on debut amid global equities selloff
Clean Max and Shree Ram Twistex fell up to 36 per cent on debut amid a global equities selloff, underscoring a turbulent year for India's primary markets and weak investor sentiment
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
Strait of Hormuz on edge due to Iran-Israel war? Iran’s leverage is a cautious tale for India
Escalating Israel-Iran conflict pushes Middle East towards renewed confrontation, impacting global energy supplies. India faces a critical challenge due to its energy dependence on the region and the vital Strait of Hormuz, a key oil transit route.
Anupam Rasayan completes USD150-mln acquisition of US speciality chemical maker Jayhawk
Anupam Rasayan India has acquired US-based Jayhawk Fine Chemicals Corporation for approximately USD 150 million. This strategic move aims to broaden Anupam Rasayan's global presence and access new end-use markets. The acquisition is expected to enhance its integrated platform and create cross-selling opportunities. Jayhawk's operations in performance materials will now be consolidated into Anupam Rasayan's financials.
Bharat Petroleum sets up Singapore arm to expand global energy trading
The subsidiary has been set up to establish a trading desk for trading in crude oil, natural gas, petroleum and other petrochemical products, along with associated activities.
US, China challenge ‘Make in India’ factory incentives
India’s manufacturing push under the production-linked incentive (PLI) scheme is facing global scrutiny, with the US and China challenging subsidies they say distort trade. The US has imposed preliminary 126% duties on Indian solar imports over alleged unfair subsidies, a move analysts say could shut Indian panel makers out of the US market.
Dräger India collaborates with Breach Candy Hospital to advance clinical education
Dräger India and Breach Candy Hospital have partnered to enhance clinical education and skill development for healthcare professionals. This collaboration brings the Dräger Medical Academy to Mumbai, offering digital learning modules and VR-based simulation training to bridge skill gaps and improve patient safety. The initiative aims to foster continuous learning and readiness in India's evolving healthcare landscape.
UPL to spin off crop protection arm into a separate listed entity
UPL approved a group reorganisation to separate its India and global crop protection businesses into a newly listed UPL Global Sustainable Agri Solutions. The move aims to unlock value, streamline operations, enhance capital flexibility, and create a focused pure-play crop protection platform.
UPL announces restructuring, to create two listed entities
UPL will restructure into UPL and UPL Global Sustainable Agri Solutions, merging UPL SAS and demerging India crop protection. Promoters will hold 33.1 percent in UPL, 71.6 percent in UPL Global.