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Oil finds its way: Supertankers return to Persian Gulf
Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity of millions of barrels, is vital for global energy markets as hostilities ease ahead of peace talks.
Zee Entertainment gets govt nod for Rs 418-cr investment from Invesco fund
The move marks the return of the Invesco-managed fund to the broadcaster's shareholder base, nearly three years after it exited the company. According to DPIIT data, the investment was received under the foreign direct investment (FDI) route for acquisition of shares during the January-March quarter of FY26.
GIP-backed Pristine Logistics takes confidential route to IPO; picks Axis, CLSA, SBI as book managers
The proposed listing of Pristine fits the pattern of infrastructure asset monetization in India, where a record ₹12.2 trillion government capital expenditure budget is drawing attention from global private equity and infrastructure funds, including GIP, Actis and Macquarie
Sebi invites candidates with 20 yrs' experience for executive director post
Markets regulator Sebi has begun the process of recruiting an executive director and has invited applications to fill the vacancy. Applications are invited for the post until July 25. The appointment of the executive director will be on a deputation or contractual basis for a period of three years, the Securities and Exchange Board of India (Sebi) said in a notice. As per the notice, candidates applying through the contract route are required to have qualifications, such as an MBA, CA, CS, LLB, or a postgraduate degree in economics, finance or another discipline Sebi considers relevant. The candidate applying for the position must have at least 20 years of experience dealing with securities market issues or special knowledge or experience in law, investigation, finance, economics and accountancy, among others. Eligible candidates from government organisations, public sector banks, and financial institutions may apply on deputation by routing their applications through their ...
Hormuz traffic eases, ships continue using disputed Oman route
Despite a projectile striking a vessel, ships are continuing to use a non-Iranian-approved passage through the Strait of Hormuz. Traffic levels saw a slight dip from Wednesday's peak, but many commodity vessels, including oil tankers, are still transiting. Iran insists only its designated routes are authorized, leading to a temporary pause in a mariner evacuation program.
Muharram 2026 in India: Are Schools, College, Bank, Government Offices & Stock Market Open or Closed On Ashura (10th Muharram) ? Check What’s Open & Closed, Traffic Diversion, Alternative Route & More - The Sunday Guardian
Muharram 2026 in India: Are Schools, College, Bank, Government Offices & Stock Market Open or Closed On Ashura (10th Muharram) ? Check What’s Open & Closed, Traffic Diversion, Alternative Route & MoreThe Sunday Guardian
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
India Exports 4.3 Tons Of Banganappalli Mangoes To Singapore Via Cost-Effective Sea Route
The sea route offers a substantial reduction in logistics costs, estimated at Rs 1320 per kg, compared to Rs 150250 per kg through air shipment.
Sathya Agencies, Kanohar Electricals, Torrent Gas secure Sebi's nod to float IPOs
Torrent Gas submitted its draft papers under Sebi's pre-filing route, which allows issuers to keep details related to the issue size and other key information confidential until a later stage.
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Iran's IRGC Warns Ships Using New Hormuz Route Face Danger
IRGC warned ships against using new Hormuz routes, raising fresh concerns over global oil flows.