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US stocks pause record rally as oil climbs on Iran tensions, focus shifts to Big Tech earnings
Iran’s Foreign Minister Abbas Araghchi told President Vladimir Putin he’s committed to strengthening the country’s partnership with Russia, as talks with the US on ending an eight-week war remain at an impasse.
Amid West Asia crisis: Santa Marta meet aims to drive fossil fuel shift
The Santa Marta conference has been described as a meeting of the "coalition of doers", comprising countries and stakeholders committed to shifting away from fossil fuels. It will bring together members of existing alliances such as the Fossil Fuel Non-Proliferation Treaty, the Beyond Oil and Gas Alliance, and the Powering Past Coal Alliance.
Israel PM Benjamin Netanyahu's statement triggers a cool-off in oil prices
US treasury secretary Scott Bessent said that the US is looking at easing sanctions on Iran oil to bring prices down and may also look at a unilateral release of some SPR reserves of its own, beyond the ones committed to the International Energy Agency. Trump Administration officials also said that there are no plans to ban the exports of oil and gas.
Iran sought permission for docking of 3 ships in Indian ports; approval granted: Jaishankar
India permitted three Iranian ships to dock at its ports. One vessel, IRIS LAVAN, docked in Kochi on March 4. This humane gesture was appreciated by Iran. The move comes amid rising tensions in the Indian Ocean following the sinking of an Iranian warship. India remains committed to ensuring the nation's energy security amidst global disruptions.
SBI inducts 5,783 junior associates to strengthen branch banking services
State Bank of India has recruited 5,783 junior associates. This hiring strengthens customer service and branch operations. The bank added over 18,000 employees this fiscal year. This is a significant talent induction drive. SBI aims to onboard 16,000 employees annually for future growth. The bank is committed to creating employment opportunities and delivering superior service.
Renault forecasts 2026 margin drop as price pressure dents profit
Renault is bracing for a tighter financial future, forecasting lower profit margins by 2026. Following a 15% fall in operating profit last year, the French automaker faces mounting pressure from Chinese upstarts and traditional rivals alike. In response to this competitive squeeze, Renault is committed to slashing costs and unveiling new car lines.