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The United States and its allies have released an estimated 400 million barrels from strategic reserves — the largest coordinated release on record — while temporarily easing restrictions on some sanctioned oil supplies to stabilise markets. Shipping disruptions triggered by attacks on civilian vessels and regional energy infrastructure have already slowed tanker traffic across the Gulf. Analysts say this widening gap between futures prices and physical delivery costs suggests headline oil benchmarks may still underestimate the scale of disruption building across global supply chains. “There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world,” said Mike Wirth, chief executive of Chevron, speaking at the S&P Global CERAWeek energy conference in Houston. Kharg Island handles roughly 90 per cent of Iran’s stake bet crude exports, making it one of the single most important energy facilities in the global oil system. Bangladesh is also seeking more than $2.5 billion in external financing to support fuel and liquefied natural gas imports, amid rising energy costs and mounting pressure on foreign exchange reserves.

In 2024, Kedaara Capital and Partners group took Vishal Mega Mart to the public to raise ₹8,000 crore through an initial public offering. In 2018, Partners Group and India-focused PE firm Kedaara Capital bought Vishal Mega Mart from investment firm TPG Capital and Shriram Group for around $735 million. Details of the other buyers of Vishal Mega Mart’s shares could not be ascertained on the exchange. Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.

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The platform enables efficient management of activities including bill payments, payroll, business travel, invoicing, corporate cards, compliance services, and a wide range of operational workflows. The investment is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments. Syed Basar Shueb, CEO of IHC, said the acquisition represents an important step in the group’s long-term strategy to grow its presence in India’s financial services sector, highlighting opportunities to enhance capabilities, including through the adoption of artificial intelligence. The deal marks a significant milestone in IHC’s expansion into India, one of the world’s fastest-growing major economies, where non-banking financial companies continue to play a critical role in bridging the gap between traditional banking services and rising credit demand.

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We see strong potential for Peko to scale regionally and globally, particularly as AI becomes increasingly embedded in enterprise operations.” This acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors. The transaction, valued at approximately $1 billion (Dh3.6 billion), will see the remaining stake acquired through share warrants over an 18-month period. The Abu Dhabi investment firm will have rights to appoint a majority of Sammaan Capital’s board and play an active role in its strategic direction following the acquisition, which will amount to approximately 41.5 per cent.

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• The United States and its allies have released an estimated 400 million barrels from strategic reserves — the largest coordinated release on record — while temporarily easing restrictions on some sanctioned oil supplies to stabilise markets.
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• Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain.
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“We think companies are talent, people at universities are talent, and also those from outside the UAE,” he said. Al Mahmoudi said the concept of talent within the ecosystem goes beyond individuals, extending to institutions and companies both within and outside the UAE. A total of 49 volunteers from the ‘Your Neighbourhood Officer’ initiative were deployed across 77 locations, working alongside response teams in areas including Al Qusais, Bur Dubai, Al Muraqqabat, Al Barsha and Al Rashidiya. Meanwhile in Dubai, Dubai Police volunteers stepped in to support residents across neighbourhoods during the recent heavy rains, returning 279 lost vehicle number plates and helping recover 30 stranded cars from flooded areas. The initiative helps them get replacement vehicle license plates lost during the weather conditions, with delivery directly to their homes without the need to visit service centers. But with troop deployments rising, tanker traffic constrained and one of the world’s most critical export hubs now in the strategic crosshairs, analysts warn the coming weeks may determine whether the current disruption remains contained — or evolves into the most serious global oil shock in more than a decade.

Stake DAO is a new multi-service DeFi platform built by the community which leverages the entire DeFi ecosystem to give users access to the most effective investment strategies. Whether you’re into slots, table games, or live dealer options, Stake.com’s mobile platform has it all. Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain. The company noted in its filing that all requisite regulatory approvals have been received for the acquisition of approximately 41.5 per cent stake on a fully diluted basis. An additional ₹3,198 crore, or around $338 million, is expected to be infused over the next 18 months upon conversion of warrants into fully paid equity shares. Being able to actually own a stake in a property with just a button, literally like you’re shopping for a property, that’s a really cool concept honestly”

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Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13%, from 54.09%. Stay globally informed with exclusive story from New York Times. Analyze the market sentiments & identify the trend reversal for strategic decisions. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

An NPU is a specialized chip that executes AI-powered tasks directly on the device without requiring cloud services. The processors combine modern Zen 5 CPU cores with an integrated, powerful Neural Processing Unit (NPU) that delivers up to 55 TOPS (tera-operations per second) for AI workloads — currently one of the highest AI compute capabilities in mobile processors. From the early days with its first processor designs to current innovations in high-performance and AI technologies, AMD’s history is one of continual development and creative engineering passion. It was a special Tuesday for Bollywood actress Huma Qureshi, as she woke up to a surprise shout-out from the acclaimed global filmmaker Zack Snyder.