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: YES Bank’ reported a net profit of Rs 1,068 crore for the March 2026 quarter, up 44.8% from Rs 738 crore a year earlier, supported by lower credit costs and improved operating performance. For the full year, net profit rose 44.5% to Rs 3,476 crore, while return on assets improved to 0.8% from 0.6%…
The government has approved a Bharat Maritime Insurance Pool with a sovereign guarantee fund of Rs 12,980 crore to support maritime insurance amid disruptions caused by the Middle East conflict, Union minister Ashwini Vaishnaw announced on Saturday.The scheme aims to address rising insurance premiums and tighter approvals for shipping cover, which are currently being granted…
The Cabinet on Saturday approved a 2 per cent increase in Dearness Allowance (DA) for Central government employees, as per sources.The DA for the central government employees was last revised in October, when it was increased from 55 per cent to 58 per cent. The hike was made effective from July 1, 2025, and was…
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…
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…
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…
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…
Wall Street benchmarks closed at record highs on Friday, as easing geopolitical tensions in West Asia fuelled a broad risk rally across global markets, sending equities higher and oil lower.The S&P 500 and Nasdaq Composite notched their third straight record closes, while the Dow Jones Industrial Average posted its strongest finish since late February. Gains…
MUMBAI: UltraTech Cement will cross 200 million tonnes of capacity after commissioning three grinding units totalling 8.7 million tonnes on Friday, cementing the Aditya Birla Group company’s position as the world’s largest cement producer outside China, with capacity nearly double that of the United States and exceeding the whole of the European Union. The milestone…
