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Musk's Starlink may face curbs on satellite data routing in India
India is reviewing Starlink's satellite internet plans. The government is concerned about data crossing borders via laser-linked satellites. This technology allows Starlink to route traffic, raising national security worries. Safeguards are being planned. Other companies like Jio-SES and Eutelsat Oneweb do not use this technology. Starlink is working to meet security regulations.
Indian LNG Tanker Disha Is First Vessel To Transit Hormuz After US-Iran Pact
The ship is carrying a cargo from Qatar, and is transited via the Iranian route near Larak Island. Representative image.
Wall Street Mega Rally On Cards; Nasdaq Futures Spike 2% On US-Iran Peace Pact
Notably, Trump also announced that he has authorised the re-opening of key maritime transit route, Strait of Hormuz after which crude oil prices declined sharply.
16 India-bound fertiliser ships stranded in Strait of Hormuz: Govt
Sixteen ships carrying vital fertilisers are currently held up in the Strait of Hormuz. These vessels are en route to India. Despite this situation, the government states there is no immediate concern for fertiliser availability. India has already imported significant quantities and is seeking more to meet the demands of the ongoing sowing season. Local production has also been enhanced.
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract
Razorpay Files Draft Papers With SEBI Via Confidential Route For Rs 5,700-Crore IPO
Razorpay IPO: The fintech is targeting a valuation of $5-6 billion from the public issue.
Shipowners seek clarity on Strait of Hormuz deal as 600 vessels eye exit
Shipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupted by conflict. While a US-Iran deal is announced, concerns about safety, mines, and Iranian actions persist, leaving hundreds of vessels stranded and global energy trade in limbo.
US Agrees Not To Impose New Sanctions On Iran Under Draft MoU, Signing To Take Place Virtually: Report
Draft deal envisages no new US sanctions on Iran, release of frozen assets and reopening of key shipping route, reports say.
India, Nepal discusses cross-border rail connectivity
India and Nepal have discussed cross-border railway links, including passenger services on the Janakpur-Ayodhya route, during recent joint meetings. Discussions also covered the Raxaul-Kathmandu broad gauge railway link and the implementation of lines developed with Indian assistance, alongside technical support for Nepal's East-West Railway Link.
Dhan launches US stocks, ETFs investing for Indians via GIFT City route
Trading and investing platform Dhan on Friday launched investment access to US-listed stocks and exchange-traded funds (ETFs) for Indian investors through the GIFT City framework. The offering is being provided through Raise IFSC Private Limited, Dhan's wholly-owned subsidiary and a member of India INX operating under the regulatory framework of the International Financial Services Centres Authority (IFSCA). In a statement, the company said Indian investors can now invest in stocks listed on the Nasdaq and NYSE through the Dhan app under a structure aligned with RBI and FEMA requirements. Dhan has partnered with ViewTrade for brokerage services and GlomoPay for payment technology services to facilitate investments in US securities. The platform will not charge account maintenance or custody fees, while brokerage has been fixed at 0.25 per cent of the transaction value. Investors will also have access to features, such as systematic investment plans (SIPs) in US stocks and ETFs, su
GNG Electronics climbs as promoter pares stake to meet MPS norms
GNG Electronics rallied 3.03% to Rs 430.80 after the company's promoter, Vidhi. S. Khandelwal sold a 3.94% stake through the open market route for approximately Rs 175 crore, to comply with minimum public shareholding (MPS) norms.
Crude oil prices rally after Iran closes Strait of Hormuz following US strikes; Brent oil near $95 a barrel
Concerns over a potential blockade of the Strait of Hormuz — a key maritime route that facilitates nearly one-fifth of global oil and gas shipments — have kept crude oil prices elevated.