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One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz
Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to maintain pre-war export levels, capitalizing on surging oil prices and creating immense profits for Sinokor and its partners.
Tankers U-Turn In Hormuz, With Some Taking Iran Route Instead
The ships, including oil tankers, bulk carriers and vehicle carriers, were observed sailing toward the Strait of Hormuz.
Akasa Air expands fleet to 40 aircraft with delivery of ninth Boeing 737 MAX in 2026
The aircraft was ferried to India via a multi-stop route that began in Seattle, United States, continued through Reykjavik, Iceland, and Cairo, Egypt, before completing its final journey to Bengaluru
Tankers U-Turn In Hormuz, With Some Taking Iran Route Instead
It's unknown why the ships have U-turned, though Iran has repeatedly said that vessels should only transit the strait through the authorized route designated by the Islamic Republic.
Moneyview, Chandan Steel get Sebi's approval to raise funds through IPOs
Fintech unicorn Moneyview and Chandan Steel have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Friday. Moneyview filed preliminary IPO papers with Sebi in March, while Torrent Gas confidentially submitted draft documents with the regulator in April. The confidential filing route allows companies to submit draft offer documents to Sebi for review without immediately making commercially sensitive information public. After reviewing the draft papers submitted by the two firms, the regulator gave its 'observations' between June 29 and July 2,which, in Sebi's parlance, is equivalent to a go-ahead to float the public issue. Meanwhile,oilfield services provider Shivganga Drillers withdrew its draft papers on June 30, the update showed. The company filed preliminary papers with Sebi in December 2025 to mobilise Rs 400 crore through its IPO. The proposed maiden public offering was a completely fresh issue of shares wi
Bharti Airtel expands mobile network coverage along Amarnath Yatra pilgrimage
Bharti Airtel today announced the expansion of its mobile network along the Amarnath Yatra pilgrimage, further strengthening connectivity for pilgrims, security personnel, and local authorities in the region. By deploying network sites at Chandanwari, Pissu Top, and Betaab Valley, Airtel has established network coverage along the crucial Pahalgam route, in addition to its existing presence at Baltal, thus providing uninterrupted connectivity leading up to the holy Amarnath cave shrine.
Carlsberg Takes Confidential Route For India IPO; Issue Seen At $700 Million: Sources
Carlsberg has joined a line of international companies looking to list Indian subsidiaries on the bourses
Kernex Microsystems commissions upgraded Kavach system on North Central Railway
As reported by Indian Railways, the upgraded Kavach Version 4.0 supports train operations at speeds of up to 130 kmph (in the newly commissioned 207 route kilometres). With this, the total Kavach Version 4.0 coverage in the North Central Railway has increased to 652 route kilometres, of which 572 route kilometres have been executed by KERNEX.
Stock Alert: Route Mobile, Bharti Airtel, Hero MotoCorp, V2 Retail, NMDC
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC).
Route Mobile share price jumps after partnership with Truecaller
Route Mobile surged nearly 7% after announcing a partnership with Truecaller to enhance its Business Messaging platform. This collaboration aims to improve customer engagement by leveraging Truecaller's user base and messaging capabilities, enabling secure interactions through various media formats.
OMCs eye expanding LPG buffer to 30 days from national average of 18
India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.
Tata Sierra EV launched at Rs 18.79 lakh with QWD, fast charging, lifetime battery warranty and more
Tata Sierra EV launched: Tata Motors has launched the Sierra EV in India, bringing quad wheel drive, a triple-screen cabin, six terrain modes, and a 15-year high-voltage battery warranty to the premium electric SUV space. The vehicle also introduces several India-first features including in-car UPI payments, AirConsole gaming, and an EV route planner for Android Auto.