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The report also warns that although risks remain high due to the ongoing West Asia crisis and disruptions in global supply chains, the usual strong link between oil shocks and US recessions may not be as pronounced this time.

Oil shocks may slowdown US economy amid geopolitical tensions, India to remain resilient: SBI

The United States has extended a one-month sanctions waiver for Russian crude that was already on ships. And for India, that matters more than it might look at first glance. All you need to know.

US extends Russian oil sanctions waiver despite Scott Bessent's pledge not to. What does it mean for India?

Why is Pakistan suddenly opening the door to crypto again? After years of restrictions, the State Bank of Pakistan is now allowing regulated crypto firms into the banking system—without fully legalising it. Is this the ‘Trump effect’?

Pakistan lifts crypto banking ban — is this the ‘Trump effect’?

A new investigation claimed that Apple and Google are promoting nudify apps on their stores. These AI-generation apps create non-consensual and sexual images of women and minors. They thrive on the tech giants' app stores despite their ban policies, with millions of downloads and revenue

Nudify apps on Apple and Google stores are earning millions, claims probe, and Elon Musk has a question about it

This week, major US banks posted nearly $50 billion in combined Q1 profits. The growth, strongest in over a decade in some cases, was driven by Iran war-linked market volatility, oil price swings, and strong trading revenues

Banks always win: Iran war, market volatility, oil price turbulence help US giants clock $50 billion in profits

The drop in global ranking is likely linked to a recent revision of the base year, which lowered its nominal GDP estimates. The weakening rupee has also contributed to the decline in India’s ranking.

India slips to 6th largest economy, falls behind UK despite strong growth outlook: Here's why

Markets rally even as the Iran war continues and the death toll continues to climb. The S&P 500 and Nasdaq Composite hit record highs as investors bet the conflict may be nearing a deal.

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Markets hit record high, S&P 500 hits 7,000 for first time as Iran war death toll continues to climb

Over 53 million Americans claimed new Trump-era tax benefits this season, as average IRS refunds rose to $3,462, highlighting the impact of recent tax reforms

US Tax Day: 53 million tax filers claim benefits. Here are the numbers

US Treasury Secretary Scott Bessent says gas prices could fall to $3 between June and September if the Strait of Hormuz reopens amid Iran tensions

'Gas prices in America could drop to $3 by late September', says US Treasury Secretary Scott Bessent

India’s GDP growth forecast was raised by 10 basis points to 6.5% for 2026–27, offering a rare bright spot amid a weakening global outlook.

West Asia war drags global forecast, IMF cuts growth to 3.1%; India gets marginal bump

Evergrande founder Hui Ka Yan pleaded guilty to fraud as China’s biggest property developer collapsed under massive debt. Accounting fraud and unfinished projects at Evergrande had triggered a wider real estate crisis in China. Here is the story of its fall

Evergrande founder Hui Ka Yan pleads guilty to fraud: How China’s biggest real estate firm went down due to greed and debt

Trump’s Strait of Hormuz blockade faces early strain amid Chinese tanker passage, Iranian mining of the area, and reported Saudi opposition. With rising oil prices and risks of escalation, economic disruption, and limited US enforcement, it could prove to be a costly mistake. Here is why

US blockade of Hormuz Strait a costly mistake? Saudi wants it to end; Chinese ship passes anyway as Beijing fumes

A minister has alleged that the Noida workers' strike was linked to Pakistan conspiracies. The facory worker strike has turned violent, with protests, arson and hundreds of arrests. 

'4 suspected terrorists were…': Pakistan conspiracy behind Noida worker strike, claims Uttar Pradesh minister

Though the US-Iran talks have raised hopes of the crucial waterway’s reopening, it may take time for energy supplies to normalise. Oil prices have dropped but are still significantly higher. Besides oil, the Strait of Hormuz is a critical passage for fertiliser, aluminium, and helium.

US inflation surges to near two-year high as energy prices spike 12%

YouTube users are reacting strongly to rising Premium subscription prices in the US, and longer unskippable TV ads, which make the experience similar to cable TV. The platform is pushing for higher revenue through subscriptions and advertising changes, far from its creator community origins.

YouTube Premium Subscription fee hike and nearly two minutes of unskippable ads for TV viewers make users FURIOUS

Anthropic’s Claude Mythos Preview showed advanced ability to find and exploit vulnerabilities across computer systems. This is raising fears of AI-driven cyberattacks and financial instability. The US government has issued warnings to banking and financial industry leaders. Here is why it matters

Why Anthropic’s Claude Mythos is scaring financial sector and US officials: This AI model can end cybersecurity, if in wrong hands

Elon Musk has shared a Robin Farrow interview citing allegations against Sam Altman, appearing to agree with the contents of Farrow's New Yorker ‘hit piece’ on the OpenAI CEO. Altman is accused of dishonesty, with the article questioning his leadership amid AI integrity and safety issues.

Sam Altman a sociopath, pathological liar and abuser? Musk agrees to claims on OpenAI chief's past and leadership

President Trump’s announcement of a two-week ceasefire with Iran led to a shift in market sentiment. At a time when the risk of a prolonged Middle East conflict had pushed oil higher and equities lower, the ceasefire announcement assuaged and triggered a rebound.

US stocks surge, oil plunges below $100 amid optimism on Trump-Iran ceasefire

If confirmed, this would mark Amazon’s third round of job cuts in under a year. The company had already laid off 16,000 employees in January and eliminated about 14,000 roles in late 2025. 

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Iran war uncertainty and Trump's shifting stances led to massive volatility in oil, gold, crypto and stocks. This enabled states, corporate firms, traders, and speculators to profit billions through bets, disruption, and strategic market moves. It was virtually a heist. Who made the money?

Iran war, the multibillion-dollar heist: How states, companies and speculators cashed in on uncertainty and Trump  flip-flops

Notably, the repo rate decision came just hours after US President Donald Trump announced a “bilateral ceasefire” with Iran, which sparked a rally in global markets. Indian benchmark indices also opened higher following the development.

RBI holds repo rate steady at 5.25%, sees GDP growth at 6.9%; warns of US-Iran war impact

Oil prices crash after weeks of surge: A US-Iran ceasefire and reopening of the Strait of Hormuz have triggered a sharp market reversal, with crude plunging over 15%. Is this relief here to stay or just temporary?

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Oil prices fall below $100 as Iran-US ceasefire kicks in after last minute Strait of Hormuz deal

S&P 500 rebounds after Pakistan seeks Trump deadline extension on Iran

Civil Aviation Ministry Joint Secretary Asangba Chuba Ao noted that a key challenge is the rising cost of Aviation Turbine Fuel (ATF). Although prices have increased, the government has kept the hike moderate for domestic flights. 

Indian airlines battle revenue Loss, fuel cost surge amid West Asia war: Civil Aviation Ministry

FADA data indicates that electric two-wheeler sales reached 14,01,818 units in FY26, marking a 21.81 per cent increase from 11,50,790 units in FY25. This pushed EV penetration in the segment up to 6.5 per cent, compared to 6.1 per cent the previous year. 

India’s EV sales jump 24.6% in FY26 as oil prices climb amid West Asia crisis

Today, the most profound transformation in banking is not merely visible through mobile apps or digital transactions. It is unfolding at a much deeper level—within the foundational systems that power how transactions are processed.

How technology is shaping the future of banking at Tamilnad Mercantile Bank