West Asia war has no winners — except Russia’s oil machine

Hyundai Motor India Limited has unveiled the striking new Hyundai EXTER. This compact SUV combines eye-catching design with cutting-edge technology, ensuring enhanced safety for families and novice drivers alike. Inside, you'll find a luxe cabin packed with practical enhancements, while the robust 1.2-litre petrol engine and innovative bi-fuel CNG option provide versatility on the road.

In a significant move for the Indian automotive market, Lexus India has launched its inaugural battery electric vehicle, the ES500e. This cutting-edge model boasts an impressive driving range of around 580 km per charge. Looking ahead, the luxury brand plans to tailor its electric lineup depending on consumer interest and local charging infrastructure.

Despite U.S.-Israeli strikes killing top leaders and damaging industries, Iran defiantly insists it's still building missiles and denying enemies security. Attacks on Gulf energy sites and intercepted fire over Dubai highlight ongoing regional conflict, while global economy faces risks from choked oil supplies and rising prices.

Global oil markets are experiencing significant disruption. Refineries are paying record prices for crude oil. This is due to supply issues stemming from the Iran conflict. Asian refiners are particularly affected. They are seeking alternative oil sources. This search is driving up prices for crudes from regions like the North Sea and the US.

Tata Power will sign a new power purchase agreement with the Gujarat government for its Mundra plant. This follows approval from the Gujarat cabinet. The agreement with Gujarat Urja Vikas Nigam Limited is expected soon. This development offers relief as India aims to boost coal power output.

State Bank of India faces a significant Rs 63,375 crore income tax demand for the assessment year 2023-24. The bank has received an order from the Income Tax Department. This demand stems from disallowances made during scrutiny assessment. SBI plans to challenge this order by filing an appeal.

India's crop protection industry faces a 20-25 percent rise in input costs due to the West Asia conflict. This disruption threatens pesticide shortages during crucial farming seasons, potentially lowering crop yields and quality. The industry warns of cascading effects on earnings and employment, especially for MSMEs. Vigilance against counterfeit products is also urged.