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Iran strikes key US THAAD radar, deepening Gulf missile defence woes

Iran strikes key US THAAD radar, deepening Gulf missile defence woes

Iran has destroyed a key $300 million radar system crucial to directing US missile defence batteries in the Gulf that risks further straining the region’s ability to counter future attacks, according to a US official.

Satellite photos show that an RTX Corp. AN/TPY-2 radar and support equipment — used by US THAAD missile defence systems — was destroyed at Muwaffaq Salti Air Base in Jordan in the opening days of the war, CNN reported earlier, citing commercial satellite imagery.

Iranian ship IRIS Lavan docks at Kochi after India heeds request from Iran

Iranian ship IRIS Lavan docks at Kochi after India heeds request from Iran

An Iranian ship, IRIS Lavan, docked at Kochi port after the Indian government heeded a request from Iran, news agency PTI reported Friday, citing government sources. India is also reported to have provided accommodation to the Iranian vessel's 183 crew members at naval facilities in Kochi.

Siddaramaiah announces reforms in liquor taxation & regulatory framework

Siddaramaiah announces reforms in liquor taxation & regulatory framework

Karnataka Chief Minister Siddaramaiah on Friday announced sweeping reforms in the state's liquor taxation and regulatory framework, including the introduction of a new alcohol-based duty structure, deregulation of price fixation and technology-driven monitoring systems.

He set an ambitious revenue target of ₹45,000 crore from the excise sector for 2026-27.

Mukesh Ambani's record India IPO for Jio delayed by regulatory limbo

Mukesh Ambani's record India IPO for Jio delayed by regulatory limbo

The Indian government’s delays in formalizing changes to listing rules are threatening to force Asia’s richest person, Mukesh Ambani, to miss the targeted timeline for an initial public offering of shares in Jio Platforms Ltd., the digital arm of his flagship company Reliance Industries Ltd.

Andhra govt to ban social media for children under 13, says CM Naidu

Andhra govt to ban social media for children under 13, says CM Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said social media will be prohibited for children below 13 years of age within the next 90 days.

Addressing the Assembly, the Chief Minister said they are actively debating whether to extend this ban to children between 13 and 16 years of age.

US issues temporary licence to allow some Russian oil sales to India

US issues temporary licence to allow some Russian oil sales to India

The US has cleared the way for India to temporarily increase its purchases of Russian oil, reversing months of pressure on the world’s third-largest crude importer as an escalating conflict in the Persian Gulf upends energy flows.

America won't allow India to become rival like China: US official

America won't allow India to become rival like China: US official

The US won’t give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signaling Washington’s cautiousness in negotiations over a trade deal.

Goldman Sachs warns Iran conflict could slow global growth, stoke inflation

Goldman Sachs warns Iran conflict could slow global growth, stoke inflation

A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows.

Under its baseline forecast, Goldman expects oil prices to increase a bit further before moderating to $76 per barrel on average in the first quarter of 2026 and $65 in the fourth quarter.

Russia accuses US, Israel of dragging Arab nations into wider West Asia war

Russia accuses US, Israel of dragging Arab nations into wider West Asia war

Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East conflict by provoking Iran into striking targets across the region and said there was no sign Washington and Tel Aviv would let up.

Arab states in the Gulf, all close US allies - some of which also have close ties with Russia - have come under Iranian drone and missile attacks since the United States and Israel launched their air strikes on Iran on Saturday.

Adani Total Gas hikes industrial prices amid conflict in West Asia

Adani Total Gas hikes industrial prices amid conflict in West Asia

India's Adani Total Gas (ATGL) has sharply raised ​prices for supplies to industrial clients, citing lower availability of gas due to ‌conflict in the Middle East, according to a customer notice seen by Reuters.

The company is a joint venture of Adani Group and French oil major TotalEnergies SE.

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