Savings Effect

Japan issues a tsunami alert after a massive 7.5 magnitude earthquake strikes northeast off the coast of Sanrik

Fake Mounjaro racket busted in Gurugram; ₹56 lakh spurious stock seized, two arrested

The Gulf states are reassessing US security ties amid Iran tensions, deepening engagement with China as yuan trade rises, and concerns grow over Washington’s strategy and reliability in the region.

Bank of Maharashtra on Monday reported a 35 per cent rise in net profit to ₹2,014 crore in the January-March quarter of 2025-26. The Pune-headquartered bank had earned a net profit of ₹1,493 crore in the year-ago period.

Iran on Monday offered a new death toll for the war with Israel and the United States, with its forensic chief saying at least 3,375 people had been killed in the conflict. The figure came from Abbas Masjedi, the head of Iran's Legal Medicine Organisation.

PM Modi and the South Korean President Lee Jae-myung have established a $50 billion trade target and announced a "futuristic" strategic partnership to deepen bilateral ties. The exchange took place during a joint press statement held at Hyderabad House, marking a significant milestone in the diplomatic engagement between the two nations.

The United States attacked and seized an Iranian-flagged cargo ship it said had tried to evade a naval blockade near the Strait of Hormuz on Sunday, and Iran's joint military command vowed to respond, throwing a fragile ceasefire into question days before it expires. It was the first interception since the US blockade of Iranian ports began last week. Iran's joint military command called the armed boarding an act of piracy and a ceasefire violation, the state broadcaster said.

Oil prices rebounded more than 6% on Monday over news ​that the Strait of Hormuz is closed again after both ​the US and Iran said the other party had violated their ‌ceasefire deal by attacking ships over the weekend. Brent crude futures jumped $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT and US West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79%.

Despite strong domestic growth, India’s slip to the 6th largest economy in the 2026 IMF rankings is primarily due to rupee depreciation and dollar-based calculations rather than a fundamental economic slowdown.

India’s electronics exports are on the verge of overtaking oil products, with the gap narrowing to a record low of $5.9 billion in FY26 as smartphone shipments to the US surged.

If access to U.S. dollars becomes constrained or too politically costly, the country may feel forced to switch part of its trade into other currencies. In that scenario, the UAE could begin conducting some of its oil trade and other major transactions in Chinese yuan as well. Even a partial shift would chip away at the U.S. dollar’s dominance in global oil markets, at least temporarily.

US Armed Forces carried out another strike in the Caribbean Sea on a boat allegedly involved in drug trafficking, killing three people.

Asian stocks rose Monday as investors looked past renewed Middle East tensions over the weekend, shifting focus back to fundamentals and the prospect of further talks.

A Bengaluru entrepreneur took it upon himself to fix a pothole-ridden road in his locality; however, his very unique way of getting the repair done has got the Internet talking.