As concerns grow that the war with Iran is expanding and could do more long-term harm to the international economy than anticipated, a global sell-off of stocks is crashing onto Wall Street on Tuesday, and oil prices are surging even higher. Early trading saw a 1.8% decline in the S&P 500. As of 9:35 a.m., … Read more
As the e-commerce giant helmed by CEO Kalyan Krishnamurthy prepares for one of the most anxiously awaited listings in India Inc., Walmart-owned Flipkart has started exploratory talks with a few investment banks, many industry insiders told Moneycontrol. According to one of the previously mentioned people, “Flipkart has started selectively working with a few firms, including … Read more
As the US-Israeli war with Iran intensifies, fuel shipments are disrupted, and concerns about additional disruptions to the Middle East’s oil and gas supply are growing, crude oil benchmarks increased by almost 7% on Tuesday, surging for a third session. After reaching its highest level since July 2024 at $85.12, Brent crude futures were up … Read more
An Indian entrepreneur’s usual overseas business trip took an unexpected turn when air connectivity across the Gulf was hampered by rising tensions in the Middle East. The CEO and co-founder of Spyne, Sanjay Varnwal, was left stranded in Kuwait after abrupt airspace closures related to the US-Iran dispute forced him to return in midair from … Read more
On Capitol Hill, US Secretary of State Marco Rubio informed reporters that regime change was not the goal of the operations against Iran. The announcement follows the death of Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday, March 1, in joint US-Israeli airstrikes of his residence-office complex. Speaking to reporters, Marco Rubio stated that the … Read more