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New Zealand’s Finn Allen produced a power-hitting masterclass, blasting the fastest century in T20 World Cup history as he powered the Kiwis to a nine-wicket win over South Africa in Kolkata on Wednesday, securing their place in the final.Chasing 170 in the first semi-final, Allen smashed an unbeaten 100 off just 33 balls, shattering Chris…

India’s top gas importer Petronet LNG has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in West Asia, it said in an exchange filing on Wednesday.The US-Iran conflict has disrupted fuel shipments in the region. Transit…

Hyderabad: With an eye on emerging as a pan-India player in the agricultural machinery market, Escorts Kubota Ltd (EKL) is making a serious play for the high-growth South Indian market with its foray into paddy and wetland farming segment. The company, which is a joint venture between Faridabad-based Escorts Group and Japan’s Kubota and primarily…

A proposal to increase the number of family units considered in salary calculations from three to five could significantly boost pay revisions under the 8th Pay Commission, according to central government employee organisations. They argue that if the government accepts the demand, the fitment factor used to revise basic salaries could cross 3, potentially leading…

Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around $1.05 billion through an equity sale, sources aware of the development told news agency PTI.The expected valuation is lower than the company’s last funding round…

The Reserve Bank of India (RBI) on Wednesday said it will conduct a switch auction of government securities worth Rs 20,000 crore on March 9 as part of efforts to manage the government’s bond redemption profile.According to an RBI release, the auction will be held between 10:30 am and 11:30 am, as reported PTI. The…

The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support its war effort in Ukraine.Rising energy prices are increasing the revenue Russia earns from oil and gas exports – a key pillar of the Kremlin’s…

New Zealand opener Finn Allen created history in Kolkata by smashing the fastest century ever in a T20 World Cup on Wednesday, powering New Zealand into the final with a crushing nine-wicket win over South Africa.Chasing 170 in the first semi-final, Allen went on a rampage, scoring an unbeaten 100 off just 33 balls. Why…

South Africa’s captain Aiden Markram (AP Photo/Manish Swarup) South Africa captain Aiden Markram admitted it was simply a night where very little went his side’s way as a rampant New Zealand national cricket team stormed into the T20 World Cup final with a crushing nine-wicket win at Eden Gardens.New Zealand’s charge was led by a…

The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to the Iran crisis weighed heavily on the domestic currency.The rupee depreciated by 56 paise during the session, pressured by rising energy costs, foreign fund outflows…