As tensions rise in Middle East and vessel safety in the Strait of Hormuz comes under renewed focus, the flag a ship flies has emerged as a key factor in maritime security, regulation and state protection.Flagging a vessel means it is registered with a country and must comply with that nation’s maritime laws and regulations….
Mumbai: ICICI Bank reported a net profit of Rs 13,701.7 crore for the quarter ended Mar 31, 2026, up 8.5% from Rs 12,629.6 crore in the year-ago period following an improvement in asset quality. The full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227.0 crore in FY25.Interest income for the…
The Cabinet Committee on Economic Affairs has approved two multi-tracking railway projects worth Rs 24,815 crore covering Uttar Pradesh and Andhra Pradesh, aimed at easing congestion and boosting freight and passenger movement, a government release said.The two projects–Ghaziabad-Sitapur 3rd and 4th line, and Rajahmundry (Nidadavolu)-Visakhapatnam (Duvvada) 3rd and 4th line–are targeted for completion by 2030-31….
Prices of consumer electronics such as air conditioners, refrigerators, washing machines, televisions and smartphones are set to rise again by the end of April, marking the third round of increases in four months amid sustained cost pressures on key inputs.Industry executives, cited by ET, said elevated prices of crude-linked derivatives like plastics, along with a…
As the weekend approaches, many customers often check whether banks are open or closed on Saturday for pending financial work.So customers should know, that this Saturday, April 18, 2026, bank branches are open across India as it is the third Saturday of the month.Under the Reserve Bank of India (RBI) holiday structure, banks are closed…
Iran is planning to tighten its grip over the Strait of Hormuz with new transit fees to regulate ship movement through the route. However, the country has ruled out charging any “traditional fees” on ships passing through it.Ebrahim Rezaei, spokesman for Iran’s National Security Committee told Al Jazeera that a law is being drafted to…
NEW DELHI: India’s smartphones market has opened 2026 on a weak note, recording its slowest start in six years as shipments slipped 3% year-on-year in the March quarter, according to Counterpoint Research. The decline may appear modest, but the underlying pressures suggest a more persistent demand slowdown.As per the report, smartphones are getting pricier, and…
Mumbai: The rupee regained 92 levels and closed at 92.93, 27 paise stronger then its previous close. The gains followed reports that the RBI has asked oil companies to not purchase dollars from the open market but to rely on a line of credit provided through SBI.Such a move would remove one of the major…
The US administration has decided to extend a narrow window for global buyers to purchase Russian oil shipments already at sea, despite earlier indications that such relief would not continue.Late Friday, the US Treasury Department published a new licence granting a roughly month-long waiver, which allows nations to buy Russian oil and petroleum products loaded…
MUMBAI: The opening of the Strait of Hormuz, one of the most important shipping channels in the world for the flow of crude oil and natural gas, led to a global rally in stocks on Friday evening. This also overshadowed the muted trading witnessed during the early part of the day in all of Asia…
