11:11 | Iran pays no heed to Trump deadline; Crude at four-year high; AI firms unite against China

In this edition of 11:11, we track escalating tensions between the US and Iran as a critical deadline approaches, pushing oil prices to multi-year highs and keeping markets on edge.

Meanwhile, OpenAI, Anthropic, Google unite against model copying in China. Back home, we watch out for policy moves on LPG access and market reactions to earnings updates.

Iran defiant as deadline looms for Trump threat to infrastructure

A deadline loomed on Tuesday (April 7) for Iran to accept a deal or face what US President

Donald Trump said would be the "complete demolition" of the country's critical civilian infrastructure. The Iranian army reacted defiantly.

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Crude oil prices persist near four-year highs ahead of Trump Iran deadline

Crude oil prices recovered from the temporary blip seen on Monday to return to four-year high levels as trading began in Asia on the morning of Tuesday, April 7. West Texas Intermediate, or the US Crude variant continues to remain around the $113 a barrel mark.

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US service sector cools in March, inflation heating up amid Iran war

US services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than 13 years, an early indication that the prolonged war with Iran was boosting inflation pressures.

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India doubles supply of 5-kg LPG cylinders for migrant workers, writes to states

The Petroleum Secretary has written to all states and Union Territories, directing them to step up availability of 5-kg free trade LPG (FTL) cylinders for migrant labourers by doubling daily allocation. The revised allocation goes beyond the earlier cap of 20% specified in a March 21 communication.

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Jubilant Foodworks shares fall 8% after muted like-for-like growth in Q4

Shares of Jubilant FoodWorks Ltd. opened with losses of up to 8% on Tuesday, April 7, after the company reported its business update for the quarter and financial year ended March 31, 2026.

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OpenAI, Anthropic, Google come together to combat model copying in China

Rivals OpenAI, Anthropic PBC, and Alphabet Inc.’s Google have begun working together to clamp down on Chinese competitors that extract results from cutting-edge US artificial intelligence models to gain an edge in the global AI race.

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Air India CEO Campbell Wilson resigns, to stay until successor is appointed

Air India chief executive Campbell Wilson has resigned but will remain with the airline until a successor is appointed, Hindustan Times (HT) reported, citing people familiar with the matter. His resignation was accepted at a board meeting last week.

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Stocks To Buy: Jefferies sees opportunity in these two metal stocks on price divergence

Brokerage firm Jefferies continues to prefer steel within the India metals space, referring to a recent divergence between stock performance and underlying fundamentals.

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CLSA upgrades these five consumer stocks on attractive valuations

Shares of Tata Consumer Products, Nestle India, Jubilant Foodworks, and Swiggy, were upgraded by brokerage firm CLSA in its latest note on Tuesday, April 7, citing attractive valuations.

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Amravati is now the capital of Andhra Pradesh

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday (April 7) announced that Amravati is now the new capital of the state. As the first chief minister of bifurcated Andhra Pradesh between 2014 and 2019, Naidu had announced that Amaravati would be the capital of the state and invested extensively in its development.

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Kerala elections: Discount at CCD, free uber rides and more incentives for voters

Cafe Coffee Day will offer a 25% discount to the first 15 customers at each of its outlets in Kerala who show proof of having voted. The measure is being announced to encourage voter participation in the upcoming state Assembly polls.

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