In this edition of 11:11, we observe a delicate pause in the Iran conflict as Donald Trump prolongs a hiatus on energy strikes, despite escalating tensions around the Strait of Hormuz.
Meanwhile, Uttar Pradesh cancels its Puch AI agreement due to concerns regarding credibility. Additionally, India prepares for the economic repercussions of rising oil prices, with the government opting to absorb the costs for the time being.
Trump extends halt on Iran energy strikes for another 10 days
On March 26, US President Donald Trump announced an extension of the pause on strikes directed at Iran’s energy infrastructure by an additional 10 days, following a previously established five-day halt, indicating a possible opportunity for diplomacy amid ongoing tensions.
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Netanyahu claims Iran’s IRGC Navy commander behind Hormuz closures has been eliminated
On Thursday, March 26, Israel reported the elimination of Alireza Tangsiri, commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy, who was reportedly responsible for “leading the closure of the Strait of Hormuz.” In a brief video address, Prime Minister Benjamin Netanyahu asserted that Israel continues to act against Iran “with full force.”
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Trump’s signature to feature on US currency, ending a 165-year tradition
Starting this summer, US paper currency will include President Donald Trump’s signature, marking the first time a sitting president has appeared on American money, as announced by the Treasury Department on Thursday.
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Oil Minister states India is absorbing costs by not hiking fuel prices, dismisses lockdown rumors
With a significant rise in global crude oil prices and ongoing geopolitical issues in West Asia, Petroleum and Natural Gas Minister Hardeep Singh Puri stated that the Indian government has opted to bear the financial consequences rather than transferring the entire burden of increasing fuel costs onto consumers.
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Uttar Pradesh cancels Puch AI MoU over financial credibility concerns
The government of Uttar Pradesh rescinded the Memorandum of Understanding (MoU) signed with Puch AI on March 26, following doubts regarding the financial credibility of the firm associated with the required project.
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Excise Duty Reduction: HPCL, BPCL, IOC shares reverse gains and decline; here’s the impact
Shares of India’s oil marketing companies, including Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC), initially rose up to 4% after the government announced a reduction in excise duty on petrol and diesel, before reverting to negative trading.
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Explained – What is driving a near 13% rise in HEG and Graphite India shares
On Friday, March 27, shares of HEG Ltd. surged by over 13% and those of Graphite India Ltd. rose by 10%, influenced by a positive global trend after GrafTech International declared a price increase of $600-1,200 per tonne.
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Infosys shares rise following two acquisitions valued at $560 million
On Friday, March 27, shares of Infosys Ltd. opened higher after the company revealed two strategic acquisitions intended to bolster its presence in the healthcare and insurance sectors.
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Anthropic vs Trump: Dario Amodei secures court order to prevent US administration’s ban on AI tool
Dario Amodei’s Anthropic secured a court order blocking a ban imposed by the Trump administration on the government utilization of its artificial intelligence technology. The Claude chatbot producer asserted that the prohibition would result in billions in lost revenues.
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Netflix increases subscription prices across all plans in the US
Netflix has raised prices for all of its plans in the US as the streaming service expands into new programming formats, including video podcasts and live sporting events. The ad-supported plan will now cost $8.99 per month, up from the previous $7.99.
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Heavy rainfall expected in Himalayan and Northeastern states; plains to experience rising temperatures
The India Meteorological Department (IMD) forecasts unsettled weather in India over the coming days, with rain, thunderstorms, lightning, and strong winds anticipated across various regions beginning March 27.
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