Business

The United States has imposed fresh sanctions on a major China-based oil refinery and around 40 shipping companies and tankers linked to Iranian oil transport, escalating its campaign to choke Tehran’s key revenue stream.The move, announced on Friday, targets what Washington describes as an extensive “shadow network” used to move Iranian crude to global markets.It…

United States treasury secretary Scott Bessent on Friday said that America is not planning to renew a waiver allowing the purchase of Russian oil currently at sea.While talking to news agency Associated Press, Bessent also added that another waiver for Iranian oil at sea is “totally off the table.”“Not the Iranians. We have the blockade,…

NEW DELHI: At least one in four smartphones manufactured in India is now produced by domestic contract manufacturers, signalling a quiet but significant shift in the country’s electronics ecosystem.The rise has been led by Dixon Technologies and Bhagwati Products, with Dixon emerging as the country’s largest device maker, overtaking Samsung Electronics in overall production volumes…

Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow…

TOI Correspondent from Washington: A new doctrine is quietly reshaping America’s technology-industrial complex, recasting Silicon Valley from a playground of consumer apps into an arsenal of strategic hardware. Dubbed “patriotic tech,” the movement argues that technology firms have a moral and national duty to align with the state – particularly in its intensifying rivalry with…

The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Ltd., more than two years after the regulator imposed business curbs over violations, including lapses in customer due diligence. Paytm founder and CEO Vijay Shekhar Sharma. (PTI) Backed by One97 Communications Ltd., which once counted China’s Ant Group and…

RIl Q4 FY26 results: Mukesh Ambani-led Reliance Industries reported a decline in its consolidated net profit for the fourth quarter of 2025–26, even as revenue registered year-on-year increase. The dip came amid the ongoing Middle East crisis, which has choked the firm’s primary oil and chemicals business, offsetting gains in consumer-facing telecom and retail units….

The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…

This image is used for representation purpose only (AI-generated) Amid Iran’s move to control traffic passing through the Strait of Hormuz, the world’s most critical maritime chokepoint has become a litmus test for how far states can go in monetising global trade routes. Indonesia’s recent attempt — floated in late April 2026 by its finance…

Rupee fell almost 5% in 2025, and has continued to weaken since then, even touching a new record low this year. However, the currency is falling not only in terms of comparision against the greenback but also against other currencies.Rupee has dropped to its weakest level in more than a decade, as compared to its…