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Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people aware of the matter. VLCC’s nearly 78% surge in valuation in just 12 months is the key trigger for Carlyle to take some money off the table, the people said. Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands.

India and the Maldives may be moving to stabilise their bilateral ties after tensions. Since President Mohamed Muizzu took office last year, the removal of Indian troops from the Maldives has complicated diplomatic relations. But bilateral ties may be settling down.

PIA flight carrying Pakistan Prime Minister Shehbaz Sharif, Punjab Chief Minister Maryam Nawaz and a high-level delegation back from their visit to Saudi Arabia was diverted to Lahore airport, causing inconvenience to hundreds of other passengers, according to a media report on Wednesday. Interestingly, the incident came close on the heels of Prime Minister Sharif recently declaring a ban on the red carpet at events in his favour, which earned accolades for signalling a shift towards eradicating the VIP culture and encouraging a culture of humility within the realm of public service. Quoting a PIA spokesperson, the Dawn newspaper reported that the Pakistan International Airlines flight from Jeddah to Islamabad, carrying Sharif and his daughter Maryam back from their visit to Saudi Arabia, was diverted to Lahore airport on Monday.

Pedro Sanchez warned Wednesday that Israel's «disproportionate response» in the Gaza war with Hamas risks «destabilising the Middle East, and as a consequence, the entire world». Sanchez also insisted that the recognition of a Palestinian state, long resisted by Israel and its key allies, is «in Europe's geopolitical interests». Sanchez had already raised the subject of statehood during a visit last week to Jordan, Saudi Arabia and Qatar, when he told reporters that Spain could recognise Palestine as a nation by the end of June.

Moon wasn't sighted. Key mosques in Delhi, Uttar Pradesh, and Karnataka confirmed this. Consequently, Eid al-Fitr will be observed in much of the country on April 11.

Biden said Prime Minister Benjamin Netanyahu's Gaza policy was a «mistake» and urged Israel to call for a ceasefire, in an interview aired Tuesday. Biden's comments were some of his strongest criticism yet of Netanyahu amid growing tensions over the civilian death toll from Israel's war on Hamas and dire conditions inside Gaza.

Muslims will observe another day of fast today, April 10 since the crescent Moon wasn't sighted. Key mosques in Delhi, Uttar Pradesh, and Karnataka confirmed this. Consequently, Eid al-Fitr will be observed in much of the country on April 11.

Russia captured a larger share of India's crude imports in the just-ended fiscal year despite narrowing discounts on its oil and sanctions imposed by G7 nations due its invasion of Ukraine. The share of Russian oil in India's total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa. During the year, all other key suppliers, including Iraq, Saudi Arabia, UAE, and the US lost share in the Indian market. Iraq's share fell to 20% (from 21%). Similar drops were noted for Saudi Arabia (15% from 17.5%), UAE (6% from 9%), and the US (3.5% from 5.5%). Russia supplied 1.57 million barrels a day (mb/d) in FY24, up from 1mb/d in the previous year. Iraq's supply of 0.89 mb/d in 2023-24 was lower than 0.95 mb/d in the previous year. Saudi's supply fell to 0.69 mb/d from 0.78 mb/d.

Eid-ul-Fitr 2024 moon sighting LIVE: Eid al-Fitr 2024 is expected to be observed on April 10 or 11 in India. However, it totally depends on the Shawwal crescent moon sighting.

₹40,000 crore in annual defence exports by 2026, he said. “We cannot get qualified for more naval defence exports until we get more contracts from the Indian government that can act as a reference for us to export," he said. Similarly, the company’s facilities for making 100 units of 52-calibre self-propelled gun systems has been under-utilised after executing the order it received in 2018, Naik said.

total solar eclipse. Skywatchers can witness the astronomical view in North America, including Mexico, the United States, and Canada, Western Europe, Atlantic, the Pacific, Central America, Arctic, Mexico, the northern reaches of South America, the Northwestern region of England and Ireland. The Moon passes in front of the Sun during a solar eclipse, causing a shadow to fall on Earth that can either partially or completely block the Sun's light.

Nilesh Shah while underscoring India's favourable economic situation due to cheaper oil prices and strong GDP despite geopolitical tensions. To prove that “god exists upstairs and is an Indian", Nilesh Shah, referred to double-digit oil prices in India despite the Israel-Hamas war, Red Sea disturbance and other geopolitical tensions. He also mentioned US Fed hints on rate cuts, and strong GDP growth rate numbers.

Qassem Suleimani with a drone strike in 2020. Israeli officials did not publicly claim responsibility for the strike (though in private they leave little doubt about their role). But they did argue that whoever bombed the embassy compound had a right to do so.

Also Read: Expert View | Oil market oversupplied with high US output, Brent seen at $87-$92 for 2024: ShareKhan's Mohammed Imran The JMMC of the OPEC+ cartel, met online on Wednesday, April 3, to review the market and members' implementation of output cuts. In a statement following the meeting, OPEC+ said some member countries had promised to improve their adherence to supply targets.

The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust.

«India's export trade expansion has been impressive in spite of global challenges in 2023,» the official said. India's merchandise exports have recorded healthy growth in European nations like Romania, Czech Republic, Montenegro, Finland, the Netherlands, Portugal, Luxemburg, Iceland, Ireland, and Austria.

Donald Trump has had a recent conversation with Saudi Crown Prince Mohammed bin Salman, according to the New York Times, citing information from two individuals briefed on the matter. Reuters reported that the newspaper reported that it was unclear what Trump and the prince, known as MBS, discussed and whether this was their first conversation since Trump, who was president from 2017 to 2021, left office.

visa, the passenger will not have a visa sticker in their passport. "When checking in at the airport, you will be asked to display a 'visa issuance notice' on your device (e.g.

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Brent crude reached $89 per barrel on Tuesday, up from $77 at the end of 2023. Analysts expect a straightforward meeting, supporting the earlier decision to extend output cuts. The meeting is scheduled for 1 p.m.

Two managers of a Saudi oil exploration company were going on trial Monday in Switzerland for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the...