Burmans raise stake in Religare to 30% via open market purchases

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Bangladesh considers partial online classes to curb energy use amid fuel crisis

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The United States and its allies have released an estimated 400 million barrels from strategic reserves — the largest coordinated release on record — while temporarily easing restrictions on some sanctioned oil supplies to stabilise markets. Shipping disruptions triggered by attacks on civilian vessels and regional energy infrastructure have already slowed tanker traffic across the Gulf. Analysts say this widening gap between futures prices and physical delivery costs suggests headline oil benchmarks may still underestimate the scale of disruption building across global supply chains. “There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world,” said Mike Wirth, chief executive of Chevron, speaking at the S&P Global CERAWeek energy conference in Houston. Kharg Island handles roughly 90 per cent of Iran’s crude exports, making it one of the single most important energy facilities in the global oil system. Bangladesh is also seeking more than $2.5 billion in external financing to support fuel and liquefied natural gas imports, amid rising energy costs and mounting pressure on foreign exchange reserves.

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Following the completion of all stages, IHC will be classified as a promoter of Sammaan Capital, reinforcing its strategic expansion into India’s financial services sector. In addition, a mandatory tender offer will be launched to acquire up to 26 per cent of the company’s expanded share capital from public shareholders, in compliance with Indian securities regulations. Abu Dhabi-based International Holding Company has announced it has received “all requisite regulatory approvals” to acquire a majority stake in Sammaan Capital, an Indian private housing finance company, for a total transaction value of Dh3.6 billion. The current CoinMarketCap ranking is #1345, with a live market cap of $3,486,122 USD.