Kuwait oil refinery hit again as Iran targets Gulf energy infrastructure | Conflict News

0

Attacks stretch from Kuwait to the UAE as analysts warn conflict is entering a dangerous new phase.

Drones have struck Kuwait’s largest oil refinery for the second day as Iran launched a sweeping assault on energy infrastructure across the Gulf, while explosions boomed over Tehran from Israeli attacks as the country marked the Persian New Year.

Fires broke out across multiple units at the Mina al-Ahmadi refinery, which processes about 730,000 barrels of oil per day, early on Friday morning, as Kuwaitis marked Eid al-Fitr, the celebration ending the holy month of Ramadan.

Recommended Stories

list of 2 itemsend of list

Kuwait’s national oil company said several units had been shut down, though there were no casualties.

The country’s military said its air defences were actively intercepting incoming missile and drone threats.

The strikes form part of a broadening Iranian campaign against Gulf Arab states, launched in retaliation for an Israeli strike earlier this week on Iran’s South Pars gasfield, the country’s largest, supplying about 80 percent of its domestic natural gas needs.

Iran’s Islamic Revolutionary Guard Corps said they had also hit United States forces at the UAE’s al-Dhafra airbase, as well as sites inside Israel.

The UAE reported incoming missile and drone threats, while Bahrain said shrapnel from what it called “Iranian aggression” sparked a warehouse fire. Saudi Arabia said its forces had intercepted and destroyed more than a dozen drones within the space of two hours.

Iranian Foreign Minister Abbas Araghchi warned this week that the strikes on Gulf infrastructure represented “a fraction” of the country’s capabilities, and threatened “zero restraint” should Iran’s own energy facilities come under attack again.

Israeli Prime Minister Benjamin Netanyahu, meanwhile, said Israel had acted alone in striking South Pars and would hold off further attacks on energy infrastructure at the request of US President Donald Trump, who had distanced himself from the strike.

Qatar’s Ras Laffan, the world’s largest liquefied natural gas (LNG) terminal, sustained severe damage in Iranian attacks, wiping out roughly 17 percent of global LNG supply and costing an estimated $20bn in annual revenue.

QatarEnergy chief Saad al-Kaabi said repairs could take between three and five years, and that the scale of destruction had set the region back “10 to 20 years”.

Iran has also closed the Strait of Hormuz, through which about a fifth of the world’s oil and LNG passes, sending energy prices surging and squeezing supplies of everything from computer chips to fertiliser.

Governments across Asia are already rationing electricity and cutting office hours.

Mujtaba Rahman, managing director at political risk consultancy Eurasia Group, told Al Jazeera the conflict appeared to be entering “an escalatory phase”, warning that Asia and Europe faced the heaviest exposure depending on “how long the war continues”.

Al Jazeera’s correspondent in Dubai, Zein Basravi,  said Gulf leaders were “trying to maintain some kind of poise as these attacks escalate”, but it was becoming increasingly hard to see how the situation could continue “without some kind of breaking point”.

Israel launched further attacks on Iran overnight. The sound of explosions was heard in Tehran as Iranians marked Nowruz, the Persian New Year. No further details were immediately available.

Meanwhile, sirens sounded on Friday morning in central Israel, including in the capital of Tel Aviv, due to a second Iranian missile barrage within an hour, the Israeli army said.

Air defence systems were trying to intercept the missiles, the army said in a statement.



Source link

Three charged in the US with smuggling AI chips into China | Science and Technology News

0

US charges men reportedly tied to Super Micro Computer for helping to smuggle billions of dollars’ worth of AI chips to China.

Three people associated with artificial intelligence server maker Super Micro Computer, including its cofounder, have been charged with helping smuggle at least $2.5bn-worth of United States AI technology to China in violation of export laws, according to the US Department of Justice.

US prosecutors did not name Super Micro in the complaint, referring only to a “US manufacturer”, but San Jose, California-based Super Micro said it was informed by federal prosecutors of the indictment on Thursday.

Recommended Stories

list of 4 itemsend of list

It noted that the company itself was not named as a defendant in the case and said it had cooperated with investigators.

The Justice Department said it had charged Yih-Shyan Liaw, Ruei-Tsang Chang, and Ting-Wei Sun in an indictment unsealed in federal court in Manhattan on Thursday, on allegations of a complex scheme to send US-made servers through Taiwan to other countries in Southeast Asia, where they were swapped into unmarked boxes and sent on to China.

The US has had export restrictions on China for advanced AI chips since 2022.

In a release, FBI Assistant Director in Charge James Barnacle said the defendants used fabricated documents, staged bogus equipment to pass audit inventories, and used a pass-through company to conceal their misconduct and true clientele list.

US Attorney for the Southern District of New York Jay Clayton said schemes such as this “pose a direct threat to US national security”.

Liaw co-founded Super Micro in 1993 and joined its board of directors in 2023. Chang was a sales manager in the Taiwan office of Super Micro, while Sun was a contractor.

Officials allege the three took extensive measures to conceal their activity both from the US makers of the servers and export control officials, even using hair dryers to remove labels and serial numbers from the real machines and placing them on dummy machines left behind after the real machines had been shipped to China.

Liaw, 71, a US citizen, was arrested in California on Thursday along with Sun, 44, a company contractor. Chang remains a fugitive, authorities said, according to The Associated Press news agency.

Liaw was released on bail, while Sun, a citizen of Taiwan, was held for a bail hearing on Friday.

Super Micro’s shares fall

The company said it placed Liaw and Chang on leave and terminated its ties with Sun after being made aware of the charges on Thursday.

Super Micro’s shares fell 8 percent in after-hours trading following the news.

US officials also did not name which chips were involved in the alleged scheme, but Nvidia dominates the market for AI chips, and its offerings command some of the highest prices.

In a statement, Nvidia, which sells chips to Super Micro and other server makers, said “strict compliance” with export laws is a top priority.

“We continue to work closely with our customers and the government on compliance programmes as export regulations have expanded,” an Nvidia spokesperson said.

“Unlawful diversion of controlled US computers to China is a losing proposition across the board – Nvidia does not provide any service or support for such systems, and the enforcement mechanisms are rigorous and effective.”



Source link

Iran’s Brigadier Ali Mohammad, who said ‘6 months of conflict with Israel and America…’, dies in battle

0

Brigadier General Ali Mohammad Naini, the chief spokesperson of the Islamic Revolutionary Guard Corps (IRGC), has died. Naini was killed in the attacks on Iran. All official statements and propaganda of IRGC were issued only after Naini’s approval. He was considered the head of the IRGC’s psychological warfare and public relations team.

Just before her death, in an interview given to the semi-official Tasnim news agency, Naini had said, ‘Didn’t Trump say that Iran’s navy has been destroyed? If so, then he should show his courage and send his ships to the Persian Gulf. He also reiterated that despite the war, Iran is continuing missile production and there is no major shortage.

Claimed to fight war with US-Israel for 6 months

Naini had appeared in the media several times recently. He had claimed that Iran can fight a ‘high-intensity’ war with America and Israel for at least 6 months. He had said that till now Iran has used only old generation missiles, new and advanced missiles are still left, which will be used soon. His statements made Iran ‘invincible; Efforts were made to create an image. Naini’s name featured prominently in many IRGC press releases, TV interviews and social media posts.

Naini was preparing ‘surprise’ for the enemy

Recently Naini had said that there is ‘absolutely no concern’ in the missile field, there is no major shortage in the stock and production is continuing at ‘amazing’ levels. He gave a ‘perfect score 20/20’ to the missile industry in the Iranian calendar year 1404 (2025-2026), i.e. it was completely successful.

Naini further said that ‘surprises’ are ready for Iran’s enemies. The more the war progresses, the more complex and unexpected developments will become. He claimed that till now only old generation missiles have been used, new and advanced missiles are still left. IRGC has already said that Iran can fight a high-intensity war for at least 6 months.

International joint action disrupts world’s largest DDoS botnets

0

Botnet

Authorities from the United States, Germany, and Canada have taken down Command and Control (C2) infrastructure used by the Aisuru, KimWolf, JackSkid, and Mossad botnets to infect Internet of Things (IoT) devices.

The joint law enforcement action also targeted virtual servers, internet domains, and other infrastructure used by the four botnets to launch hundreds of thousands of massive Distributed Denial of Service (DDoS) attacks against victims worldwide in recent months, including IP addresses owned by the Department of Defense Information Network (DoDIN).

For instance, in December, the Aisuru botnet set a new record with a DDoS attack that peaked at 31.4 Tbps and 200 million requests per second as part of a broader campaign targeting multiple companies, most of which were in the telecommunications sector.

Aisuru was also behind a previous DDoS record of 29.7 Tbps, while an incident originating from 500,000 IP addresses(which Microsoft attributed to the same botnet) peaked at 15.72 Tbps in November.

“This operation, in coordination with other international law enforcement actions, is intended to disrupt communications associated with the Aisuru, KimWolf, JackSkid, and Mossad botnets, preventing further infection to victim devices and limiting or eliminating the ability of the botnets to launch future attack,” the Justice Department said.

“Court documents allege that the Aisuru botnet issued more than 200,000 DDoS attack commands, the KimWolf botnet issued more than 25,000 DDoS attack commands, the JackSkid botnet launched more than 90,000 DDoS attack commands and the Mossad botnet launched more than 1,000 DDoS attack commands.”

According to the U.S. Justice Department, these botnets have collectively infected and ensnared over three million IoT devices, including web cameras, digital video recorders, and WiFi routers, many of them located in the United States.

The botnet operators sold access to other cybercriminals under a cybercrime-as-a-service model, enabling them to launch DDoS attacks that resulted in tens of thousands of dollars in losses and remediation costs.

“These attacks can cripple core internet infrastructure, cause significant service degradation for ISPs and their downstream customers, and even overwhelm high-capacity cloud-based mitigation services,” said cybersecurity and cloud computing company Akamai, which was one of the private sector firms involved in the joint action.

“Cybercriminals used these botnets to launch hundreds of thousands of attacks, in some cases demanding extortion payments from victims.”

Malware is getting smarter. The Red Report 2026 reveals how new threats use math to detect sandboxes and hide in plain sight.

Download our analysis of 1.1 million malicious samples to uncover the top 10 techniques and see if your security stack is blinded.



Source link

Coal India’s CMPDI IPO DAY 1: opens to muted response, issue subscribed 4% so far

0

The initial public offering of Central Mine Planning & Design Institute Ltd opened to a subdued response on its first day of bidding, with the issue subscribed just 0.04 times or 4 per cent as of 12.54 pm.

Demand remained tepid across investor categories, with the qualified institutional buyers’ portion yet to see any bids, while non-institutional investors subscribed 0.03 times and the retail segment was booked 0.06 times. The employee quota saw 0.04 times subscription and the shareholders’ portion was subscribed 0.07 times. The public issue will close on March 24.

Anchor portion and IPO details

Ahead of the launch, CMPDIL mobilized ₹470 crore from anchor investors. According to details shared on the stock exchange, the company allotted 2.73 crore equity shares to 22 anchor funds at ₹172 apiece, aggregating to ₹469.74 crore. Among the prominent participants were Life Insurance Corporation of India, Nippon India Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Company. Global financial institutions including Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets also participated in the anchor book. LIC alone was allotted shares worth about ₹105 crore.

CMPDIL IPO subscribed 4 percent on Day 1; QIB bids yet to pick up

₹1,842-crore OFS priced at ₹163–₹172; closes March 24

Company raises ₹470 crore from anchors led by LIC and global funds

Brokerages recommend subscribing citing strong financials and market leadership.

The ₹1,842-crore IPO is priced in the band of ₹163–₹172 per share.valuing the company at nearly ₹12,280 crore at the upper end. The entire issue is an offer for sale of 10.71 crore shares by Coal India, with no fresh issue component, meaning the proceeds will go to the parent company rather than the firm.

CMPDIL, incorporated in 1975operates as a wholly owned subsidiary of Coal India and provides consultancy and support services across coal and mineral exploration, mine planning and design. Its operations span infrastructure engineering, environmental management, geomatics, specialized technology solutions and management systems, primarily catering to the coal sector along with other mineral industries.

Shares are scheduled to list on the stock exchanges on March 30. IDBI Capital Markets and Securities and SBI Capital Markets are acting as the book-running lead managers to the issue.

Brokerages have largely taken a constructive view on the offering, citing the company’s dominant position and healthy financial performance. SBI Securities said CMPDIL is among the largest coal and mineral consultancy companies in India with a market share of about 61 per cent as of FY25 and benefits from its position as a wholly owned subsidiary and preferred consultant to Coal India.

The brokerage noted that the company plans to diversify into critical minerals such as lithium, nickel, cobalt and copper, reducing its dependence on coal over time. It highlighted that CMPDIL has recorded strong growth, with revenue, EBITDA and profit after tax clocking compound annual growth rates of 23.2 per cent, 48.2 per cent and 49.9 per cent, respectively, during FY23–FY25. At the upper price band of ₹172, the issue is valued at a price-to-earnings multiple of 18.4 times and an EV/EBITDA multiple of 13.3 times based on FY25 earnings. SBI Securities has recommended subscribing to the issue.

Anand Rathi Shares and Stock Brokers also maintained a positive stance, underlining CMPDIL’s leadership in the mining consultancy space and its strong parentage under Coal India. The brokerage said the company’s expansion into critical and non-coal minerals is expected to support long-term growth opportunities. It echoed the firm’s strong financial track record and said valuations appear reasonable compared with industry peers, given its healthy margins and return ratios. Anand Rathi has also recommended subscribing to the IPO for long-term gains.

Market participants expect listing gains to depend largely on the pace of subscription in the remaining days of the offer and broader market conditions. While the company’s strong fundamentals and government backing provide comfort, the muted opening-day response indicates cautious investor sentiment, which could temper sharp listing premiums.

More Like This

Photo caption: (L-R) Mr. Kamal Kant Upadhyay, MD & CEO, IDBI Capital Markets & Securities Ltd.; Vikrant Gupta, HOD – Business Development, Central Mine Planning & Design Institute Ltd.; Sudip Dasgupta, CFO, Central Mine Planning & Design Institute Ltd.; Chaudhari Shivraj Singh, CMD, Central Mine Planning & Design Institute Ltd.; Asheesh Kumar, Director – Business Development, Coal India Ltd.; Mukesh Agrawal, Director – Finance, Coal India Ltd.; and mr. Amrendra Singh, EVP, SBI Capital Markets Ltd.; at the IPO launch of Central Mine Planning & Design Institute Ltd. in Mumbai.

Published on March 20, 2026

Access Denied

0

Access Denied You don’t have permission to access “http://hindi.news18.com/cricket/ipl-2026-sold-players-veterans-xi-ages-more-than-35-ms-dhoni-virat-kohli-rohit-sharma-10291083.html” on this server.

Reference #18.49200117.1773995555.115317c

https://errors.edgesuite.net/18.49200117.1773995555.115317c

Access Denied

0

Access Denied You don’t have permission to access “http://hindi.news18.com/cricket/virat-kohli-upcoming-record-9000-ipl-runs-will-becomes-first-batsman-in-the-world-to-cross-this-landmark-10291441.html” on this server.

Reference #18.6e560e17.1774172991.99d3bda

https://errors.edgesuite.net/18.6e560e17.1774172991.99d3bda

Metals and IT hold ground at noon; HDFC Bank drag keeps financial sector under pressure

0

Markets held on to gains through the afternoon session on Friday, though the recovery lost some of the momentum seen at the open. The Sensex stood at 74,824.46, up 617.22 points or 0.83 per cent, as of 1pm, while the Nifty 50 traded at 23,215.10, gaining 212.95 points or 0.93 per cent. The indices had opened stronger earlier in the day following Thursday’s steep 775-point crash in the Nifty, with mid-session trade reflecting consolidation around current levels.

Market breadth on the BSE remained firmly positive. Of 4,275 stocks advancing against 2,751 declining, with 168 unchanged, the spread indicated broad-based participation in the recovery. However, 199 stocks touched fresh 52-week lows against only 53 hitting 52-week highs, pointing to continued stress in pockets of the market. Circuit activity was almost evenly split, with 123 stocks in the upper circuit and 131 in the lower, reflecting the mixed undercurrent beneath the headline index gains.

The metals sector provided the sharpest lift on the Nifty 50. JSW Steel (JSWSTEEL) led all gainers, surging 3.72 per cent to ₹1,173.00 from a previous close of ₹1,130.90. Tata Steel (TATASTEEL) added 3.34 per cent, rising to ₹196.87 from ₹190.51. Both counters drew support from the retreat in crude oil prices and easing geopolitical risk premium, which typically benefits commodity-linked stocks through improved cost and demand outlook.

Coal India (COALINDIA) was the standout in the energy segment, climbing 3.20 per cent to ₹468.75 from ₹454.20, as the public sector miner benefited from a broader resource rally. In information technology, Tech Mahindra (TECHM) gained 3.04 per cent to ₹1,381.30 from ₹1,340.60. ITC rounded out the top five gainers, rising 2.89 per cent to ₹306.60 from ₹298.00, with the FMCG and cigarettes conglomerate drawing buying interest amid the broader recovery in consumer-facing stocks.

The financial sector, however, remained the notable drag on indices. HDFC Bank (HDFCBANK) extended Thursday’s decline, slipping a further 1.45 per cent to ₹786.65 from a previous close of ₹798.20, making it the worst performer on the Nifty 50 through midday. HDFC Life (HDFCLIFE) fell 1.10 per cent to ₹626.55 from ₹633.50, while Bajaj Finance (BAJFINANCE) was down 0.50 per cent to ₹828.05 from ₹832.20. Heavyweights from the HDFC group thus continued to weigh on Bank Nifty, which remained in underperformance mode relative to the broader index.

Non-ferrous metals also stayed in the red. Hindalco (HINDALCO) declined 0.94 per cent to ₹888.65 from a previous close of ₹897.05. In the defense space, Bharat Electronics Limited (BEL) traded marginally lower by 0.20 per cent at ₹429.95 against its previous close of ₹430.80.

With approximately two and a half hours of trade remaining before the 15:30 IST close, the direction of HDFC Bank and broader financial stocks, along with any fresh cues on crude oil and geopolitical developments, are likely to determine whether current index levels hold through the remainder of the session.

Published on March 20, 2026

Access Denied

0

Access Denied You don’t have permission to access “http://hindi.news18.com/videos/ajab-gajab/security-uncle-joins-gen-z-girls-dance-on-baby-doll-song-steals-limelight-viral-video-10291501.html” on this server.

Reference #18.49200117.1773993560.fc1d5c

https://errors.edgesuite.net/18.49200117.1773993560.fc1d5c

Access Denied

0

Access Denied You don’t have permission to access “http://hindi.news18.com/videos/ajab-gajab/mam-ji-made-children-dance-on-old-songs-whole-class-danced-with-joy-video-being-shared-lot-10291445.html” on this server.

Reference #18.49200117.1774119749.4cc1433

https://errors.edgesuite.net/18.49200117.1774119749.4cc1433