The Hindu Businessline

Global financial markets have been under pressure as the US-Iran war stoked fears of an oil supply shock, elevated inflation and an uncertain economic outlook.

As government prioritises domestic supply, industries and restaurants struggle with shortage

Iranian Revolutionary Guard Corps intensifies its maritime blockade in Persian Gulf

The US dollar firmed 0.2%, making dollar-priced bullion more expensive for holders of other currencies

Residents in Chennai, Coimbatore and Madurai report waiting for over 45 minutes to fill their vehicle tanks, with some carrying additional containers despite regulations against the practice

China suspended a 24% top-up tariff on U.S. goods for one year but retained a base 10% imposed in November. Tariffs on US energy goods, including 15% on LNG, also remain, leading Chinese importers to divert U.S.-sourced cargoes elsewhere

On the occasion, Modi inaugurated 89 rural roads spanning 370 km in Tamil Nadu, under the Pradhan Mantri Gram Sadak Yojana, that would significantly improve the connectivity to markets, schools and healthcare facilities in rural areas

Among OMCs, Indian Oil Corporation (IOC) fell 4 per cent in early trade to 154.06 from its previous close of 160.63

The drop comes as crude oil tops $100 a barrel due to West Asia crisis

Investigation to examine sectors including textiles, autos, solar modules, petrochemicals and steel

Nearly 20 million barrels per day (bpd) of supply roughly a fifth of global output have been trapped inside the Gulf since the effective closure of the Strait of Hormuz shortly after the launch of the joint Israel-U.S. war against Iran on February 28

We have not started the seat-sharing negotiations with our allies. We will inform once the process starts, Palaniswami added

DCR has developed technologies for the preparation clarified cashew apple juice, pasteurised cashew apple juice, cashew apple liquid sweetener, and cashew apple pomace tea among others

Global oil markets surged on Thursday as Brent crude crossed the $100-a-barrel mark after an attack on two oil tankers in Iraqi waters, heightening fears of supply disruptions across the Persian Gulf energy corridor.

Adani Total Gas surges as much as 15% in early trade to 651

The economies subject to these investigations are Bangladesh, Cambodia, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Norway, Singapore, Switzerland, Taiwan, Thailand and Vietnam

Brokerage firm Motilal Oswal Financial Services flagged potential near-term risks to food delivery platforms due to supply disruptions in commercial LPG cylinders across several cities

Brent crude surges to $100 a barrel while US crude climbs to $95, after commercial vessels were attacked off Irans coast, severely disrupting tanker traffic through the Strait of Hormuz

Partnerships with Kosher Climate India, Enrich Power and Water Technologies, Ecoveda Climate and Pranadhaara Agri Smart Solutions aim to support carbon projects, solar irrigation, regenerative farming and digital farm advisory services.

At the interbank foreign exchange, the rupee opened at 92.25 against the US dollar and slipped further to 92.32, down 31 paise from its previous close

The stock was quoted at 201.19 on the NSE, reflecting a muted market reaction despite the strategic nature of the deal.

The attack comes amid escalating tensions around the Strait of Hormuz, a crucial shipping route for global oil trade.

The directives serve as a precaution against potential effects of smoke resulting from the inferno

More than 20 million barrels of crude oil pass daily through the narrow channel separating the Iranian coast from Oman

The chatbot offers nine service categories, including payment of traffic challans, cybercrime assistance, mobile phone verification and blocking lost phones

Officials clarified that restrictions have been imposed on the distribution of LPG cylinders to commercial establishments such as hotels and restaurants in order to ensure adequate availability for domestic use

Irans IRGC said it carried out the 40th wave of its retaliatory Operation True Promise 4, launching missiles including Qadr, Emad, Kheibar Shekan and Fattah against regional targets

GIFT Nifty signals weak start amid West Asia tensions and supply disruption fears

The near-closure of Hormuz, through which a fifth of global oil typically flows, has driven up prices of crude, natural gas and products such as diesel, raising concerns about an inflation crisis

Companies including KEC International, Omnitech Engineering, Ashok Leyland, and Wipro secure key contracts and announce expansions amid ongoing business momentum

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This move marks the largest-ever coordinated strategic oil release, surpassing the 182.7 million barrels released during the Ukraine war in 2022, highlighting the severity of supply shocks and market uncertainties

The probe aims to rebuild tariff leverage after the US Supreme Court struck down Trumps global tariff program last month.

The release is part of a broader 400-million-barrel global release agreed to earlier by the 32-nation International Energy Agency

The Railway Ministry notified that four of these trains will offer weekly services, while others operate daily or on specified days.

Modi also inaugurated Rs 5,650 crore projects to create thousands of jobs for youth, underscoring development and infrastructure improvements, including new airport terminals

Congressional concern is rising over depleted military stocks, prompting Trump to meet defence contractor executives to ensure resupply.

Right now well reduce it a little bit, and that brings the prices down, Trump said, without specifying the number of barrels to be released.

Speaking to supporters, Trump stated that the U.S. had achieved decisive results within the first hour of military action, including the destruction of 58 Iranian naval ships

A gunman, identified as 63-year-old Kamal Singh Jamwal from Purani Mandi, fired a shot at Abdullah from point-blank range

Settlement and compounding receipts jump nearly eight-fold to 814.55 crore

According to the World Health Organization, overweight and obesity now cause more deaths globally than underweight and are linked to multiple noncommunicable diseases, including cardiovascular disease and type 2 diabetes

The procurement will be done under the PSS; the process will include the procurement of 29,860 tonnes of gram, 37,020 tonnes of urad, 55,285 tonnes of groundnut and 3,690 tonnes of sunflower

Sensex plunged 1,342.27 points or 1.72% to close at 76,863.71, while the Nifty50 shed 394.75 points or 1.63% to end the session at 23,866.85

Nomura cuts growth forecast

The MEA had issued a statement opposing the attacks on merchant shipping earlier on March 3 stating that any major disruption in the Gulf region had serious consequences for the Indian economy