Mobile Prices Surge Across Brands In April; Demand Slows As Consumers Turn Cautious, Say Dealers
INDIA MARKET | Mon, 13 Apr 2026, 11:37PM IST
Looking ahead, the outlook suggests continued pressure on smartphone prices.
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ICAI expands mandatory applicability of audit quality evaluation matrix
INDIA BUSINESS | Mon, 13 Apr 2026, 11:33PM IST
The Institute of Chartered Accountants of India is expanding its audit quality model. This now includes firms auditing subsidiaries of listed entities, banks, or insurance companies. Separately, ICAI proposes a single regulator for multidisciplinary partnerships. This move aims to foster large Indian firms and compete globally. These changes are significant for the Indian audit sector.
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Dell, HP Inc. Shares Jump On Acquisition Speculation Report
INDIA MARKET | Mon, 13 Apr 2026, 11:30PM IST
The website said Nvidia has been negotiating for more than a year to buy "a large company."
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Who Is Mayushi Bhagat? FBI Offers $10,000 Reward For Info On Indian Woman Missing Since 2019
INDIA MARKET | Mon, 13 Apr 2026, 11:27PM IST
The FBI describes Mayushi Bhagat as approximately 5 feet 10 inches tall, with black hair and brown eyes.
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US Seeks 20-Year Freeze On Iran Uranium Enrichment; Talks Stalled Over Key Nuclear Demands: Report
INDIA MARKET | Mon, 13 Apr 2026, 11:23PM IST
File image of the Bushehr nuclear plant in Iran
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Jio, BoB Tie Up For Enabling Banking Access From Feature Phones
INDIA MARKET | Mon, 13 Apr 2026, 11:23PM IST
The app will be available to both existing Bank of Baroda customers and those of any other bank, as per the statement.
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Venezuela Set To Award Oil Fields To Chevron To Help Grow Output
INDIA MARKET | Mon, 13 Apr 2026, 11:18PM IST
The government in Caracas will award the US oil major two additional oil fields in Western Venezuela as soon as Monday.
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'Zero Tolerance': Chandrasekaran Vows Strict Action In TCS Nashik Harassment Case
INDIA MARKET | Mon, 13 Apr 2026, 11:14PM IST
Reiterating the group's stance, he emphasised that the Tata Group maintains a zero-tolerance policy towards any form of coercion or misconduct.
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Rise in middle class vulnerability
INDIA NEWS | Mon, 13 Apr 2026, 11:13PM IST
India is lifting its people out of income-based poverty but not moving them ahead for better upward mobility and economic opportunity. A World Bank policy paper proposes shifting welfare analysis from merely counting those below the poverty line to measuring how far people are from a reasonable standard of living.
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INDIA MARKET | Mon, 13 Apr 2026, 11:11PM IST
John Cena posted an image of Asha Bhosle on his Instagram account.
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McEnergy? McDonald's Plans To Shake Up US Beverage Menu With New Energy Drinks
INDIA MARKET | Mon, 13 Apr 2026, 11:05PM IST
File image of a McDonald's outlet in Mumbai, India.
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INDIA MARKET | Mon, 13 Apr 2026, 11:05PM IST
Sunjay Kapur's sudden death had sent shockwaves through business and social circles.
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Shapoorji Pallonji Group seeks to delay paying $1.5 billion of debt
INDIA BUSINESS | Mon, 13 Apr 2026, 11:00PM IST
Shapoorji Pallonji Group seeks to delay 14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake
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LIC board okays 1:1 bonus issue; NSE gets nod to reserve coal exchange name
INDIA MARKET | Mon, 13 Apr 2026, 10:56PM IST
State-owned insurance giant Life Insurance Corporation of India (LIC) on Monday approved a 1:1 bonus issue
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Trump Keeps Iran Truce Hopes Alive 'Called By The Other Side, They Want A Deal'
INDIA MARKET | Mon, 13 Apr 2026, 10:53PM IST
Trump statement hints at resumption of peace talks.
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Donald Trump Deletes Social Media Post Seemingly Depicting Him As Jesus Christ
INDIA MARKET | Mon, 13 Apr 2026, 10:52PM IST
Trump acknowledged that he posted the picture, saying on Monday that he thought the image showed him as a physician.
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ICICI Prudential Asset Management Company posts 24% PAT jump in FY26
INDIA BUSINESS | Mon, 13 Apr 2026, 10:52PM IST
The profit rose from 2,651 crore in FY25 to 3,298 crore. Revenue from operations climbed 23.1 per cent year-on-year (Y-o-Y) to 5,765 crore
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Air Indias first retrofitted B787-8 aircraft arrives in Delhi
INDIA BUSINESS | Mon, 13 Apr 2026, 10:51PM IST
Air India's first retrofitted Boeing 787-8 has arrived in Delhi. This marks the completion of a cabin refresh for the first of 26 aircraft. These planes will fly to destinations in the UK, Europe, USA, and the Far East. The aircraft underwent interior upgrades and received a new livery. This development signifies an upgrade to Air India's long-haul fleet.
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'Pay To Show Up': Zerodha's Nithin Kamath Slams App Stores Over Brand Keyword Bidding
INDIA MARKET | Mon, 13 Apr 2026, 10:46PM IST
According to Kamath, sponsored listings now appear both above and below organic search results, making it harder for users to find the official brand listing without scrolling.
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'Unchristian, Assault On Advocacy For Peace': Iran Slams Donald Trump For Insulting Pope Leo XIV
INDIA MARKET | Mon, 13 Apr 2026, 10:43PM IST
Iranian President Masoud Pezeshkian.
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As blockade begins, 2 tankers arrive to pump in Iran crude
INDIA BUSINESS | Mon, 13 Apr 2026, 10:39PM IST
Felicity, a very large crude carrier, reached Sikka on Sunday night with 2 million barrels of oil;while Jaya, another tanker, reached Paradip with another 2 million barrels loaded at Kharg Island
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Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
INDIA MARKET | Mon, 13 Apr 2026, 10:39PM IST
Chevron is set to sign agreements to return a gas field in Venezuela and expand operations in the Orinoco heavy crude belt, while Shell prepares to operate the Loran gas field. The deals reflect Venezuelas push to attract foreign energy investment following major hydrocarbon law reforms and sanctions easing.
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Louis Vuitton, Dior owner LVMH flags sales impact of Iran war in blow to hopes for luxury revival
INDIA BUSINESS | Mon, 13 Apr 2026, 10:38PM IST
French luxury giant LVMH reported a significant hit from the Middle Eastern conflict. Sales in the Gulf region saw a sharp decline. Wealthy tourists from the area also reduced their spending in Europe. This conflict negatively impacted LVMH's total group sales. Mall traffic in Dubai dropped considerably.
Continue reading at Economic Times
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Jio, Bank of Baroda tie up for enabling banking access from feature phones
INDIA BUSINESS | Mon, 13 Apr 2026, 10:37PM IST
Bank of Baroda and Reliance Jio are shaking up the mobile banking landscape by rolling out services tailored for feature phone users. Their new 'bob World Lite' app, set to debut on JioPhone Prima 4G devices, marks a significant step toward digital equality in India.
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INDIA MARKET | Mon, 13 Apr 2026, 10:33PM IST
Dr Mohammad Fathali, Ambassador of the Islamic Republic of Iran to India
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'Details Tomorrow': Donald Trump On Countries Helping With Strait Of Hormuz
INDIA MARKET | Mon, 13 Apr 2026, 10:32PM IST
The republican president reiterated that his view on Iran's possession of nuclear weapons and said that he thinks that the country will now agree to giving them up.
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Pakistan's Geo News Gets Legal Notice From Regulator Over Asha Bhosle Coverage
INDIA MARKET | Mon, 13 Apr 2026, 10:30PM IST
File image of legendary singer Asha Bhosle.
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Centre Says Auto Manufacturers Have Not Reported Critical LPG Supply Crunch
INDIA MARKET | Mon, 13 Apr 2026, 10:25PM IST
The government is committed to maximizing bio-fuel use.
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INDIA MARKET | Mon, 13 Apr 2026, 10:23PM IST
Praful Hinge plays for Vidarbha in First Class cricket.
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Iran threatens to retaliate against Gulf ports
INDIA NEWS | Mon, 13 Apr 2026, 10:17PM IST
Washington/Dubai: The U.S. military said it will begin a blockade of ships leaving Iran's ports on Monday, and Tehran threatened to retaliate against ports of its Gulf neighbours after weekend talks on ending the war broke down, putting a ceasefire at risk.Oil prices surged when trade reopened on Monday, with no sign of a swift reopening of the Strait of Hormuz to ease the biggest ever disruption in supplies.Since the war started on February 28, Iran has effectively shut the strait to all vessels except its own, saying passage would be permitted only under Iranian control and subject to a fee. U.S. President Donald Trump said Washington would now block Iranian vessels and any ships that paid such tolls. Also Read: Trump weighs limited strikes on Iran & Hormuz blockade as talks fail to break deadlock: ReportNATO allies including Britain and France said they would not be drawn into the conflict by taking part in the blockade, stressing instead the need to reopen the waterway, through which about one-fifth of the world's oil normally passes.The ceasefire, which halted six weeks of U.S. and Israeli airstrikes, is under threat, with only a week left to run. Washington said Tehran rejected its demands at weekend talks in Islamabad, the highest-level discussions since Iran's 1979 Islamic Revolution.The U.S. military's regional Central Command said the blockade would start at 10 a.m. ET (1400 GMT) on Monday, to be "enforced impartially against vessels of all nations" entering or leaving Iranian ports in the Gulf and the Gulf of Oman. Two Iranian-linked tankers, the Aurora and New Future, laden with oil products, left the strait on Monday before the U.S. blockade was due to take effect, according to LSEG data.An Iranian military spokesperson called any U.S. restrictions on international shipping "piracy," warning that if Iranian ports were threatened, no port in the Gulf or Gulf of Oman would be secure. Any military vessels approaching the strait would violate the ceasefire, Iran's Revolutionary Guards said.On Sunday, Trump had posted on social media that ships paying Iran an "illegal toll" would not be granted safe passage, adding, "Any Iranian who fires at us, or at peaceful vessels, will be BLOWN TO HELL!"'ZERO LESSONS LEARNED' SAYS TEHRANWith the war unpopular at home and rising energy prices causing political blowback, Trump paused the U.S.-Israeli bombing campaign last week after threatening to destroy Iran's "whole civilisation" unless it reopened the strait. Israel has continued to bombard Iran-backed Hezbollah in Lebanon and on Monday Israeli troops launched an attack to seize a key south Lebanon town from the group. Israel and the U.S. have said the campaign against Hezbollah was not part of the ceasefire, while Iran has insisted it is.Iran has ignored the demand to open the strait, while bringing new demands to the talks, including recognition of its control of the waterway, lifting of sanctions and the withdrawal of forces from U.S. military bases across the Middle East.Trump has declared victory, despite failing to achieve the objectives he set out at the start of the war: to eliminate Iran's ability to strike its neighbours, end its nuclear programme and make it easier for Iranians to topple their government.Iran retains missiles and drones that can hit Gulf neighbours, and a stockpile of uranium enriched to near bomb-making levels. Tehran's leadership, which faced a popular uprising at the start of the year, has withstood the U.S. onslaught with no sign of organised opposition.U.S. officials said Iran had rejected demands at the talks to give up the uranium stockpile, end future enrichment and halt funding for its regional allies - positions carried over from negotiations Trump abandoned two days before the war. Washington still hopes that Iran will seek peace and a chance to begin rebuilding from damage that has deepened an economic crisis that provoked pre-war domestic unrest.Also Read: Can Trumps Iran blockade plunge India into an 'everything crisis'?But emboldened Iranian officials say they are in a stronger position than before, and will make a deal only if the U.S. makes further concessions. Iran had "encountered maximalism, shifting goalposts, and blockade" from the United States at the talks, said Foreign Minister Abbas Araqchi."Zero lessons learned," he added. "Good will begets good will. Enmity begets enmity."OIL BENCHMARKS UNDERSTATE DISRUPTION Benchmark oil prices, which had eased last week after the ceasefire was announced, surged by around 7% on Monday, back above $100 a barrel.Traders say the main benchmarks - used to set prices for trillions of dollars' worth of commodities worldwide - actually understate the severity of a disruption with no precedent in modern times. The benchmarks are based on contracts to deliver oil one to two months ahead. Physical supplies, however, are already tight, with some refineries paying record premiums of up to $50 above the benchmarks to get their hands on oil now.If the benchmarks catch up to physical prices, industries would face massive cost rises. A reckoning could be approaching as the last Gulf oil shipped before the war runs out."Reopening the Strait has become the market's most time-sensitive priority," JP Morgan analysts said in a note. "The last tanker to clear Hormuz on February 28 is expected to reach its destination around April 20, marking the point at which pre-closure barrels are fully exhausted from the global supply chain." Trump has long said a bump in U.S. gasoline prices would be short-lived. But he told Fox News' "Sunday Briefing" that they could stay high through November's midterm elections.Iran's chief negotiator, Mohammad Baqer Qalibaf, posted a map of Washington-area gasoline prices on social media with the comment: "Enjoy the current pump figures. With the so-called 'blockade'. Soon you'll be nostalgic for $4-$5 gas."
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