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GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India's energy supply chain
GAIL's Energy Fidelity vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India. The ceremony was presided over by India's Consul General in Houston, Texas, D C Manjunath, GAIL said in a statement.
How Asia should deal with the ‘Malacca dilemma’
The Iran conflict has shown how easily key sea routes can be used as strategic tools, raising concerns beyond the Strait of Hormuz to other critical passages like the Strait of Malacca. This route carries about 40% of global trade and most of China’s oil imports, making it highly vulnerable in any US-China conflict.
Wipro unveils Rs 15,000-cr buyback via tender route: Should you go for it?
The buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.
Wipro share buyback: IT major announces Rs 15,000 crore offer at 19% premium. Key things to know
Wipro share buyback: IT services giant Wipro announced a significant Rs 15,000 crore share buyback at Rs 250 per share, a 19% premium over the last closing price. This marks the company's first buyback in over three years, involving up to 60 crore shares, representing 5.7% of its paid-up capital. Promoters have indicated their intention to participate in the tender route buyback.
Iran Threatens To Block Gulf, Red Sea Trade Routes If US Naval Blockade Persists
The arterial route for East-West trade could be choked if Yemen's Houthi rebels, aligned with Iran, block the Bab al-Mandab Strait.
US military says it will blockade Iranian ports starting Monday after ceasefire talks ended without agreement
U.S. President Donald Trump on Sunday said the U.S. Navy would begin a blockade of ships linked to Iranian ports in the Strait of Hormuz after ceasefire talks with Iran in Pakistan failed. The U.S. Central Command said the blockade would start Monday but still allow vessels not heading to Iranian ports to pass through the route.
'Civilisation Will Die' Remarks Brought Iran To Bargaining Table: Trump
On April 7, Trump had threatened that the US forces would wipe out the "whole civilisation" and demanded that Iran open up the Strait of Hormuz, the transit route for one-fifth of the global oil supplies, for navigation.
Two supertankers including Pakistan-flagged ship take a u-turn at Hormuz as US-Iran talks collapse
Two empty supertankers turned back from the Strait of Hormuz at the last moment as US-Iran peace talks in Islamabad collapsed, highlighting ongoing risks in the key oil route. A third vessel was able to pass through, though the reasons for the differing outcomes remain unclear despite prior Iranian approvals.
Iran denies claims that US vessels entered Strait of Hormuz
Iran denied a US claim that two Navy destroyers passed through the Strait of Hormuz, saying control over vessel movement lies with its armed forces. The strait, a key global energy route, has emerged as a major issue in ongoing US-Iran talks in Islamabad.
LPG carrier Jag Vikram first India-flagged vessel to cross Hormuz after US–Iran ceasefire
India-flagged LPG carrier Jag Vikram has successfully crossed the Strait of Hormuz. This marks a significant transit post the US-Iran ceasefire. The vessel carries a substantial LPG load and is en route to Mumbai. While traffic through the strait is yet to fully recover, this event signals a step towards normalcy. LPG supplies to Indian households remain unaffected.
Aurobindo Pharma approves ₹800 crore share buyback; Check premium, record date and more
This is Aurobindo Pharma's first share buyback in nearly two years. Back in August 2024, the company had announced the repurchase of 51.36 lakh equity shares at a price of ₹1,460 apiece. The drugmaker had spent ₹750 crore for this buyback, which was also carried out via the tender offer route.
Europe To Offer Help In Strait Of Hormuz Only After Ceasefire Amid Oil Route Crisis
The Strait of Hormuz is one of the world's most important oil routes