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A Saudi oil tanker was stopped while navigating the Strait of Hormuz on Tuesday, just a day after another tanker was struck by a projectile in the same area. Recent reports indicate a notable decline in vessel traffic in this critical waterway, contrasting with an uptick in the Bab-el Mandeb Strait. This evolving situation heightens…

Ashok Leyland shares rose 2.15% after the commercial vehicle maker reported a 2% YoY increase in consolidated net profit to Rs 668 crore in Q1. Revenue rose 10% to Rs 10,750 crore, while standalone net profit hit a record Rs 609 crore. However, EBITDA margin narrowed to 10.1% from 11.1% due to rising material costs…

Wall Street’s main stock indexes fell as Middle East tensions weighed on financial markets. Oil prices have risen, which is causing a spike in Treasury yields during this period. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened lower this morning. Investors are also showing caution ahead of a significant summit between…