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Ingram Micro opens larger Bengaluru facility to boost India operations
Ingram Micro has opened a new, larger facility in Bengaluru to enhance its operational capabilities and support the region's growing technology ecosystem.
Gold's safe haven status questioned after recent price drops
Gold, traditionally a refuge during geopolitical tensions, is experiencing price declines even amidst global conflicts, as investors seek assets with potentially higher returns.
Tata Trusts proposes merging TCE and TESS into Tata Sons
Tata Trusts selected Tata Consulting Engineers and Tata Electronics Systems Solutions for merger due to their clean shareholding structures and significant revenue contributions.
Sarada Prasana Nayak named Maruti production head, Yamaguchi becomes non-exec
Kazunari Yamaguchi steps down as Whole-time Director, while Sarada Prasana Nayak is appointed Head of Production and Production Engineering effective October 1, 2026.
Astana International Financial Centre seeks partnership with India's GIFT City
The Astana International Financial Centre is exploring collaboration with India's GIFT City to enhance financial services and investment opportunities between Kazakhstan and India.
Cupid shares climb 16% after joining Nifty Smallcap 250
Cupid shares surged 16% over two sessions after entering the Nifty Smallcap 250 index and raising FY27 revenue and profit guidance following strong quarterly growth.
Swastika Infra lists NSE/BSE 8% premium, hits 5% upper circuit
Swastika Infra shares were listed on NSE and BSE on September 30, hitting a 5% upper circuit limit after debuting at an 8% premium.
Hero Motors shares jump over 7% trading 78% above IPO
Hero Motors shares soared over 7% on September 30, trading 78% above their IPO price of ₹84, driven by a significant bulk deal and strong business prospects in the EV market.
Rupee slips to 95.97 as state-run oil companies demand dollars
The rupee fell 3 paise to 95.97 against the US dollar in early trade Wednesday, pressured by dollar demand from state-run oil companies and firm crude oil prices.
Blue Origin seeks outside investors after $30B from Jeff Bezos
Blue Origin, Jeff Bezos' space company, is raising $8 billion from external investors, marking its first move beyond Bezos' sole financial backing.
Ekart boosts warehouse space 50% for Big Billion Days
Flipkart's logistics arm, Ekart, has increased its warehouse capacity by 50% with an additional 14 million cubic feet of space to prepare for the Big Billion Days sale.
Japan's Nikkei jumps 1.3% as AI and semiconductor stocks rally
Japan's Nikkei rose 1.3% on Wednesday, driven by AI and semiconductor stocks, following gains in U.S. semiconductor shares despite weak overall market breadth.
India launches $25 billion fund to grow deep tech startups
India is mobilizing a $25 billion fund to boost its deep-tech startups, aiming to reduce reliance on foreign technology and challenge the US and China's global dominance.
Rupee opens at 95.95 as US dollar hits 16-month high
The Indian rupee opened marginally higher at 95.95 against the US dollar, compared to the previous close of 95.98, amid a strengthening dollar index and stable bond yields.
Sensex and Nifty start flat amid oil volatility, cautious investors
Sensex and Nifty opened flat on Wednesday as recovering Middle East exports boosted crude prices, while US-Iran peace deal uncertainties kept investors cautious.
China services sector PMI rises to 51.6 in September 2026
China's services sector expanded in September, with the RatingDog China General Services PMI increasing to 51.6, driven by stronger new orders and overseas demand.
China coal prices hit 3 year high, 11 weeks running
China's coal prices have surged for the 11th consecutive week, reaching a three-year high due to domestic mining challenges and reduced imports from Indonesia.
Accelelevation and selling shareholders raised $540 million, reflecting AI demand
Accelevation and its shareholders raised $540 million through a US IPO, offering 30 million shares at $18 each, below the initial range of $20 to $24.
Nifty ends at 22,716 after worst September in 25 years
After its worst September expiry in 25 years, the Nifty aims for recovery as it closed above 22,700, despite a nearly 7% drop in the previous series.
Mumbai court grants Amitabh Jhunjhunwala bail in ₹4,097cr RCFL fraud
Amitabh Jhunjhunwala, former Reliance Capital vice-chairman, received bail on medical grounds in a ₹4,097-crore bank fraud case involving Reliance Commercial Finance Ltd.
China manufacturing PMI hits 50.1 as production and orders rise
China's manufacturing sector rebounded in September, with the PMI rising to 50.1, driven by easing weather disruptions and a surge in the global AI industry.
Noel Tata opposes listing Tata Sons, says safety net threatened
Noel Tata opposes the public listing of Tata Sons, citing concerns that it could disrupt the 150-year-old business model and hinder support for struggling group companies.
IPO filing shows Anthropic relies on Amazon and Google Cloud
Anthropic's IPO prospectus reveals its significant dependence on major tech partners like Amazon and Google, which are both critical investors and competitors in the AI space.
Brent tops $103.20 after President Trump rejects easing Iran sanctions
Oil prices rose above $103 per barrel after President Trump denied reports of easing sanctions on Iran, maintaining market uncertainty and influencing global crude dynamics.
SC upholds Delhi HC order approving Fortis Healthcare forensic audit
The Supreme Court upheld a Delhi High Court order for a forensic audit of share dissipation in Fortis Healthcare, linked to a Rs 5,300 crore decree against the Singh brothers.
Asian stocks rebound Wednesday as oil falls, Nikkei jumps
Asian stocks climbed on September 30, with the MSCI Asia Pacific Index gaining 0.4%, as falling oil prices eased investor pressure; Japan's Nikkei 225 surged by 1.56%.
Jefferies starts coverage on Molbio Diagnostics with buy, 27% upside
Jefferies has given a 'buy' rating to Molbio Diagnostics, citing its 57% increase from the IPO price and potential for a 27% upside due to strong growth prospects.
Elevate Campuses Ltd raises 2,100cr in IPO, lists September 30
Elevate Campuses' shares will debut on September 30 after a ₹2,100 crore IPO was subscribed 1.79 times, with strong interest from institutional and retail investors.
Sensex down over 20% in dollar terms, Nifty down 18.6%
The Sensex has fallen over 20% in dollar terms this year, driven by global market shifts and a depreciating rupee impacting foreign investor returns.
Fractal CEO Srikanth Velamakanni urges countries to adopt AI rules
Srikanth Velamakanni emphasizes that decelerating AI development is challenging without a unified international strategy, as rapid advancements outpace expectations.
Arivihan raises $10 million from Prosus and Accel for AI-based tutoring
Edtech startup Arivihan has raised $10 million from Prosus and Accel to enhance its AI tutoring services, aiming to expand across state boards and competitive exams by year-end.
Apple ships $13.2B iPhones from India April to August 2026
Apple exported $13.2 billion worth of iPhones from India in the first five months of this fiscal year, marking a 47% increase from the previous year.
Venu Srinivasan seeks probe into Tata Trusts over Tata Sons
Venu Srinivasan has called for an investigation into alleged governance lapses within Tata Trusts, questioning trustees' involvement in Tata Sons' commercial affairs.
Boeing wins $20B US Navy F/A-XX contract replacing Super Hornets
The Pentagon awarded Boeing a $20 billion contract to build F/A-XX aircraft, replacing the Navy's Super Hornets under the Next Generation Air Dominance Program.
Boeing wins US Department of War fighter contract exceeding $20B
The US Department of War has awarded Boeing a contract exceeding $20 billion to develop the Navy's sixth generation F/A XX strike fighter under the NGAD programme.
Robinhood launches AI agents, crypto perpetual futures, weekend stock trading
Robinhood introduces AI agents, crypto perpetual futures, and weekend trading to attract active traders, enhancing its platform with more markets and extended trading hours.
Oman expands Duqm oil storage to attract producers avoiding Hormuz
Oman aims to more than double its oil storage at Duqm port, enhancing its strategic position as energy producers seek alternatives to the Strait of Hormuz.
Tesla lands $30B credit lines for Cybercab, Optimus, Semi
Tesla has obtained $30 billion in new credit lines to support the scaling of its upcoming products, including the Cybercab robotaxi, Optimus robot, and Tesla Semi.
U.K.-India trade deal halves Scotch tariffs and lowers Indian prices
Scotch prices in India have dropped 10-15% due to the India-UK free trade agreement, with major brands like Johnnie Walker Black Label and J&B experiencing significant reductions.
Reliance Industries to raise ₹12,000 cr via bonds at 7.9%
Reliance Industries is proceeding with its ₹12,000-crore bond issue at a 7.9% coupon rate, despite rising borrowing costs affecting other companies.
Oil prices dip after Saudi Arabia boosts East West pipeline
Oil prices have declined as Saudi Arabia increased flows through its East-West pipeline, overshadowing concerns about the US-Iran stalemate and sustaining global crude supply.
Inox Clean Energy readies ₹10,000cr IPO to scale operations
India’s Inox Clean Energy has filed for an initial public offering worth up to 100 billion rupees, aiming to issue new shares and offer existing ones for sale.
Oil falls 2.5% as Middle East exports rebound in September
Oil prices fell by 2.5% as investors noted recovering crude exports from the Middle East, despite ongoing concerns about supply disruptions related to the US-Israeli war on Iran.
Indian Nifty 500 legal spending up 13.5% to ₹68,210 cr
Indian companies are increasing their legal spending as they navigate complex global markets, with Nifty 500 firms spending ₹68,210 crore on legal expenses last fiscal year.
OpenAI seeks $30B funding, pauses IPO to prioritize AI safety
OpenAI is seeking to raise $30 billion in a new funding round, aiming for a valuation of around $1.4 trillion as it delays its initial public offering.
Thomson Reuters wins on AI training copyright, appeals court rules
A US appeals court upheld a ruling favoring Thomson Reuters against Ross Intelligence, marking a significant decision in AI-related copyright disputes.
Federal Reserve Governor Michael Barr says more rate hikes possible
Federal Reserve Governor Michael Barr warns that interest rates may rise further to combat persistent inflation, which remains significantly above the central bank's 2% target.
Amazon Business posts 65% YTD growth from MSMEs and corporates
Amazon Business has achieved a remarkable 65% year-on-year sales growth nationally, driven by increased demand from MSMEs and corporate buyers across India.
Nifty 50 set for largest yearly drop since 2011
The Nifty 50 index has dropped 13.5% in 2026, marking its worst performance since 2011, driven by weak global factors and persistent selling by overseas investors.
Disney cuts a couple hundred tech and HR roles
Disney's new CEO, Josh D’Amaro, initiated another round of layoffs, cutting hundreds of jobs primarily in tech and HR divisions, following previous reductions earlier this year.
US 30-year Treasury yield hits 5.61%, highest since 2002
The US 30-year Treasury yield surged past 5.61% on Tuesday, reaching its highest level since 2002 amid rising energy prices and increased corporate debt issuance.
AU Small Finance Bank crosses 1,000 microfinance branches, boosting inclusion
AU Small Finance Bank's microfinance network has surpassed 1,000 branches, reaching rural and semi-urban areas across 17 states and one Union Territory in India.
Punjab & Sind Bank plans $1 billion MTN bond issue
Punjab & Sind Bank's board has approved a Medium-Term Note programme to raise up to $1 billion in foreign currency, as the bank seeks to expand its lending portfolio.
India 52% ready for Sustainable Aviation Fuel, policy gaps persist
India's SAF readiness is at 52%, with progress hindered by policy and infrastructure gaps, despite significant feedstock potential, according to a Boeing and RSB report.
Tata Trusts seeks merger to keep Tata Sons private
Noel Tata stated that the proposed restructuring of Tata Sons aligns with RBI guidelines and aims to prevent a public listing, preserving the group's ownership structure.
India and EFTA to review TEPA in New Delhi October
India and EFTA will assess their Trade and Economic Partnership Agreement at the second Prosperity Summit in New Delhi, as India's exports to the bloc decline.
FIIs sell nearly 10000 cr as DIIs buy 7000 cr
Foreign institutional investors offloaded shares worth ₹9,980.22 crore in Indian equities on Tuesday, contributing to a net market decline despite a recovery from the day's lows.
OpenAI, creator of ChatGPT, on track for $70B revenue
OpenAI's annualized revenue is approaching $70 billion, according to Axios, driven by increased adoption of its AI coding software and strong business growth.
Visa open-sources part of AI defense after Anthropic's Mythos scares
Visa has open-sourced part of its AI-powered cyber defence system after vulnerabilities exposed by AI models highlighted significant security challenges.
United States consumer confidence falls to 81.9, lowest since 2014
US consumer confidence fell sharply in September, reaching its lowest level since 2014, as households anticipate a weakening economy and labor market in the coming months.
Amazon expands India B2B, invests ₹2,800cr while backing MSMEs
Amazon, traditionally focused on MSMEs in India, is now targeting large enterprises in its B2B segment, with sales growing at a 65% annual rate.
US stocks mixed as Dow falls 0.32%, Nasdaq up 0.25%
The Dow Jones dipped as the S&P 500 and Nasdaq edged higher, driven by gains in Nvidia, Oracle, and Intel amid a retreat in oil prices.
Gunjan Soni says AI helped 200,000 Indian channels hit monetization
Gunjan Soni, YouTube India Head, revealed that AI enabled 200,000 new channels to monetize last year, significantly contributing Rs 18,000 crore to India's GDP.
PwC India appoints Rajan Pental as financial services sector leader
PwC India has appointed Rajan Pental as the Financial Services Sector Leader, leveraging his 35 years of experience to drive growth and collaboration within the firm.
India IT faces up to 60% GenAI cloud skills gap
India's technology industry is experiencing a significant talent gap, with shortages in Generative AI and cloud skills estimated at 53-60%, according to a recent report.
UPI MDR 0.4% from October 15 2026 on person-to-merchant payments
From October 15, a 0.4% merchant discount rate (MDR) will apply to person-to-merchant (P2M) transactions over ₹2,000 via UPI, affecting small merchants and gig workers.
Soho House investigates alleged food label tampering at Shoreditch
Soho House has initiated an investigation after a former employee exposed the mislabeling of out-of-date food at its Shoreditch location, prompting an apology from the club.
US job openings dip to 7.08 million amid Iran-linked energy rise
US job openings decreased to 7.08 million in August, falling short of the expected 7.2 million, as reported by the Labour Department's JOLTS survey.
Bank of India launches e₹ autopayments to CBDC wallets
Bank of India introduces a new feature allowing automatic digital rupee transfers with spending restrictions, enhancing control over recurring transactions.
ICICI Lombard launches VIBE via IL TakeCare for Gen Z
ICICI Lombard has introduced VIBE, a comprehensive health insurance plan designed for young consumers, offering hospitalisation cover and lifestyle rewards.
India's fertilizer subsidy to cross ₹3L/cr this fiscal year
India's fertilizer subsidy is projected to surpass ₹3 lakh crore this fiscal year, driven by soaring global prices and increased per bag subsidy burdens on urea and DAP.
Wingsure's COFFEA platform helps coffee farmers make smarter decisions
Wingsure has introduced COFFEA, a platform that transforms farm evidence into actionable intelligence for coffee growers, enhancing sustainability and decision-making.
Rosatom, Adani and Reliance discuss India nuclear expansion to 100GW
Russia's Rosatom is negotiating with major Indian firms like Adani Group, Reliance, and NTPC to participate in India's nuclear power expansion, targeting 100 GW capacity by 2047.
Anthropic IPO hype lifts European tech and Nasdaq futures
Tech stocks in Europe and Nasdaq futures rose as enthusiasm for AI lab Anthropic's potential public debut outweighed concerns about high oil prices and global bond yields.
Anuj Rathi set to become HSBC Mutual Fund India CEO
Anuj Rathi will succeed Kailash Kulkarni as CEO of HSBC Mutual Fund, ensuring a smooth leadership transition as Kulkarni retires early next year.
LIAFI representing 15L agents warns IRDAI reforms could slash pay
The Life Insurance Agents Federation of India has urged IRDAI to ensure proposed distribution reforms do not disproportionately impact the livelihoods of 15 lakh insurance agents.
Bank unions suspend 3-day strike after IBA agrees to discuss
A high-level committee, including bank leaders and union representatives, has been established to discuss implementing a five-day work week and address other employee concerns.
India and Australia clash at WTO over sugar subsidies
India has dismissed Australia's counter notification at the WTO, asserting that it has not exceeded its sugar subsidy limits, as all sugar purchases are made by private companies.
Oil slips to $105 as President Trump keeps Iran funds
Oil prices have fallen over 1% due to ongoing Middle East tensions and market uncertainty, with Brent crude futures hovering near $105 per barrel.
S&P warns Tata Group shake-up could weaken companies' credit ratings
S&P Global Ratings warns that changes in Tata Group's structure or leadership could impact the group's credit quality and individual company ratings.
Smartphone prices in India rise 16% to record $318
Smartphone prices in India have risen by 16% in H1 2026, with entry-level phone shipments plummeting by a record 65%, according to a Counterpoint study.
YouTube contributed over ₹18,000cr to India GDP supporting 9.6L jobs
YouTube’s creative ecosystem contributed over ₹18,000 crore to India's GDP and supported 9.6 lakh full-time equivalent jobs in 2025, according to an Oxford Economics report.
Fabletics opens 1st India store at DLF Promenade New Delhi
Fabletics, in partnership with Reliance Brands Limited, has launched its first Indian store at DLF Promenade, New Delhi, featuring a tech-driven retail experience.
Indian IT stocks slump as Infosys, Wipro hit fresh lows
Infosys and Wipro stocks have plummeted to six-year lows amid sector-wide selling pressure, driven by fears of AI disruption and weak earnings growth.
China cuts PSL to 1.5% and unveils mortgage subsidy
China has introduced new measures to boost its sluggish property sector and overall economy, including lowering interest rates and providing mortgage subsidies to stimulate growth.
Anthropic, maker of Claude, prepares IPO that could reach $2T
The anticipated Anthropic IPO has captivated Wall Street, but a wave of postponed offerings highlights challenges in the U.S. stock market amid volatile conditions.
Gold rebounds just over $4,150 amid weekly and monthly losses
Gold prices rose 0.9% to over $4,150 per ounce on September 28, recovering from recent lows, as investor sentiment remained cautious amid concerns of potential Fed rate hikes.
Mazagon Dock Shipbuilders quits Thoothukudi shipyard after HD Hyundai conflict
Mazagon Dock Shipbuilders Ltd (MDL) has decided not to proceed with its Thoothukudi shipyard project due to land availability issues, as the site is prioritized for HD Hyundai.
US 30-year mortgage rates edge up to 7.373% squeezing buyers
The average US interest rate for a 30-year fixed-rate mortgage has risen to 7.373%, increasing the total interest cost for homebuyers over the loan's duration.
Godavari Biorefineries secures Chinese patent for antiviral V-ATPase inhibitors
Godavari Biorefineries Ltd has obtained a Chinese patent for compounds targeting viral infections, enhancing its intellectual property portfolio in antiviral drug development.
Red Bull can use 'energy' on drink labels in India
The Delhi High Court has overturned a Food Safety and Standards Authority of India (FSSAI) order directing Red Bull India to remove the term "energy" from its drinks.
This 4-watch Rolex set just sold for nearly $50M
Four exclusive Rolex Oyster Perpetual Cosmograph Daytonas have been sold for a whopping $49.4 million (£37.3 million) at an auction in London.
Groww now lets you invest in US stocks
Groww, a leading Indian investment platform, has started rolling out its new feature for US stock investing.
Cement is about to become costlier in India
Cement companies are likely to raise prices by ₹5-20 per bag in October, a report by Centrum Broking has said.
AI could displace 11M US workers by 2035: McKinsey
A recent study from consulting firm McKinsey & Co. has revealed that artificial intelligence (AI) could displace around 11 million American workers by 2035.
This B2B jewelry manufacturer is planning ₹1,000cr IPO in India
Mumbai-based B2B jewelry manufacturer, Royal Chain, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth ₹1,000 crore.
Indian rupee breaches 96 mark against US dollar
The Indian rupee breached the psychological barrier of ₹96 per US dollar today. It is now hovering near a two-month low of ₹96.05.
Boeing's 737 MAX 10 aircraft won't be flying anytime soon
The Federal Aviation Administration (FAA) has decided to delay the certification of Boeing's long-awaited 737 MAX 10 aircraft.
AMD buys Fei-Fei Li's World Labs for $8.2B
Advanced Micro Devices (AMD) has announced its acquisition of World Labs, an artificial intelligence (AI) research lab co-founded by renowned scientist Dr. Fei-Fei Li.
Sensex plummets over 600 points, Nifty slips below 22,600 mark
The Indian stock market witnessed another downturn on Tuesday, with the Sensex plunging over 600 points and the Nifty slipping below the 22,600 mark.
India's Essar to build America's largest steel plant
India's Essar Group has announced plans to invest $18 billion in the United States, including a $15 billion steel plant in Iowa.
Anthropic's IPO filing reveals $42B loss, $518B AI spending
Anthropic, the AI start-up founded by former OpenAI researchers, has published an initial public offering (IPO) prospectus.
Why Apple and Amazon are facing legal trouble in UK
A UK tribunal has allowed parts of a consumer lawsuit against tech giants Apple and Amazon to proceed.
India's industrial output jumps 8% in August
India's Industrial Production Index (IIP) witnessed a significant jump of 8% in August, up from the 7.4% growth recorded in July.
Why India may be unable to export sugar in 2027
India could face a shortage of sugar for exports next year, owing to concerns over the 2027 crop.
India's gourmet food market to hit $24.5B by 2034
India's gourmet food market is expected to grow from $6.6 billion at present to $24.5 billion by 2034, according to the IMARC Group.
UAE to invest another $25B in India, says Piyush Goyal
The United Arab Emirates (UAE) has announced its plan to invest an additional $25 billion in India.
Meta launches new enterprise platform with MongoDB CEO at helm
Meta Platforms has hired CJ Desai, the former CEO of MongoDB, as its new Chief Enterprise Platform Officer.
Air India's new CEO sets safety, reliability as top priorities
Tewolde Gebremariam, the future Chief Executive Officer (CEO) and Managing Director (MD) of Air India, has identified safety and operational reliability as his top priorities.
Jio adds over 24 lakh subscribers in August
Reliance Jio has topped the chart of telecom operators by adding over 24 lakh mobile subscribers in August.
NSE shares fall below IPO price
Shares of NSE have slipped below their initial public offering (IPO) price on the third day of trading.
Jobless for months? Your EPF interest may become taxable
The Employees' Provident Fund (EPF) is a retirement savings scheme managed by the Employees' Provident Fund Organization (EPFO) under the Ministry of Labour and Employment.
Gold, silver ETFs tumble up to 3.6%
Gold and silver exchange-traded funds (ETFs) witnessed a sharp decline on Monday, mirroring a global sell-off in precious metals.
US-China tariff deal: What's in $30B trade package?
The United States and China have announced a $30 billion tariff deal, covering goods such as agricultural products, medical devices, and consumer goods.
Red Bull challenges FSSAI order to drop 'energy' from labels
Red Bull has challenged the Food Safety and Standards Authority of India (FSSAI) in the High Court over its order to remove the term "energy" from its drinks.
Moneyview IPO sees over 10x subscription on last day
Moneyview's initial public offering (IPO) has witnessed massive investor interest on its third and final day of bidding.
AI bubble burst could trigger US recession, Fitch warns
A sharp decline in equity markets and a slowdown in artificial intelligence (AI) investments could push the United States into recession, Fitch Ratings has warned.
Reliance planning to raise $1B via asset-backed securities
Mukesh Ambani's Reliance Group is looking to raise up to $1 billion through asset-backed securities (ABS), people familiar with the matter told Bloomberg.
Airbnb to help boost homestay ecosystem in India
The Ministry of Tourism and Airbnb have signed a two-year Memorandum of Understanding (MoU) to strengthen India's homestay ecosystem.
Armani may have more than one buyer for 15% stake
Armani, the renowned Italian luxury group, is open to involving more than one investor in the sale of a 15% stake.
Indian government bonds witness crash today: What's the reason?
Indian government bonds witnessed a steep decline today, pushing the benchmark 10-year yield to a two-year high.
Why this $4B fund manager is betting on insurance stocks
Bajaj Asset Management Limited, a mutual fund house with ₹39,660 crore ($4.1 billion) in assets under management as of August, is changing its investment strategy in light of rising crude prices and interest rates.
Indian rupee now just shy of 96 against US dollar
The Indian rupee has witnessed a marginal decline due to rising oil prices, triggered by stalled diplomatic talks between the US and Iran.
Chinese shares hit 1-year low
Chinese shares have hit a one-year low, led by a major selloff in technology firms.
PepsiCo, others boost food safety hiring amid tighter FSSAI inspections
PepsiCo, Hilton, and other major players in the food industry are expanding their teams to focus on food safety and compliance, according to The Economic Times.
Oil prices climb after Trump rejects Iran's peace proposal
Oil prices surged over 1% in early Asian trading on Monday.