India's market regulator ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd. to pay a combined penalty of 400 million rupees ($5.5 million) for allegedly violating share-trading rules about 13 years ago.
In its order dated January 1, the...
Saudi Arabia's oil output has been affected by recent attacks. The East-West Pipeline flow has also been impacted, disrupting the country's energy production and distribution.
The Strait of Hormuz has been shut down, and the CEO of ADNOC is calling for its reopening without conditions. This development has significant implications for the region's oil supply.
