Industry executives attributed the disruption to vessel shortages and uncertainty over shipping routes through the Strait of Hormuz. In addition, smaller component suppliers are facing labour shortages, lengthening production cycles and cascading through the supply chain.
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Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and…
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US export controls on advanced AI models have spurred India’s call for sovereign AI development. Industry leaders warn against reliance on foreign providers, urging a national mission for indigenous AI capabilities, similar to UPI and Aadhaar, to secure India’s technological…
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Vedanta’s Anil Agarwal is listing four companies simultaneously. This move aims to unlock significant growth potential across its businesses. The company plans substantial increases in production for aluminium, oil and gas, and steel. Vedanta expects to significantly boost tax inflows…
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In a surprising turn of events, oil prices have plummeted following reports of a budding peace accord between the United States and Iran. President Trump and Iran’s deputy foreign minister have hinted at a tentative plan to resolve ongoing hostilities…
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A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran’s energy sector may be eased. The Strait of Hormuz could reopen. Broader negotiations are…
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