Crude oil prices tank up to 20 pc over Iran ceasefire announcement

IANS | April 8, 2026 10:04 AM

New Delhi, April 8 (IANS) Global crude oil prices on Wednesday plunged sharply up to 20 per cent, after US President Donald Trump announced a two-week ceasefire with Iran that includes a pledge to restore navigation through the Strait of Hormuz -- the narrow waterway at the heart of the world's most acute energy crisis in decades.

Adani tells US judge to dismiss SEC fraud suit against him as case 'legally flawed'

IANS | April 7, 2026 11:03 PM

New York, April 7 (IANS) In a key development, Gautam Adani, the Adani Group Chairman, and his nephew Sagar Adani have asked a court in the US to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) against them. They argued though their lawyers that the case falls outside the US jurisdiction and fails to establish any wrongdoing.

Govt allows Gulf airlines to carry cargo in passenger planes to keep supply chains going

IANS | April 7, 2026 8:52 PM

New Delhi, April 7 (IANS) The government has granted special permission to foreign carriers such as Emirates, Kuwait Airways, and Jazeera Airways to operate passenger aircraft for all-cargo services to ensure seamless continuity of critical cargo movement despite the ongoing disruptions due to the Iran war, according to a statement issued by the Ministry of Civil Aviation on Tuesday.