Marine insurance companies, including Skuld, NorthStandard, Gard, and others, cancelled their war risk coverage for vessels in the Middle East Gulf amid the war. This comes as Iran closed the Strait of Hormuz and attacked multiple tankers, leaving hundreds of them stranded. These cancellations, effective March 5, mean shipping companies will have to seek new insurance coverage at higher rates.

Silver futures with May expiry dropped ₹15,155 from the day's high in the evening trade to end at ₹2,82,644 per kg in India, as per the data on MCX website. This comes as the war in the Middle East continues to escalate following US-Israeli strikes on Iran. Meanwhile, gold futures with April expiry ended at ₹1,62,104 per 10 gm.

Pronto, founded by Anjali Sardana, has raised $25 million in a round led by Epiq Capital, with participation from Glade Brook Capital, General Catalyst, and Bain Capital Ventures. The instant house-help platform now values at $100 million post-money. Pronto now operates across 10 cities and has built a network of more than 3,000 service professionals.

Satellite pictures from Vantor have surfaced, which show the major damage at state-owned Saudi Aramco's Ras Tanura facility following a drone strike by Iran amid the war in the Middle East. The site, which has a productive capacity of 550,000 barrels/day, is one of the largest oil refineries in the world. One picture shows hoses dousing a damaged section.

Shipowners and brokers have roughly doubled the rate to more than $200,000 a day (around ₹1.8 crore) for LNG tankers in the Atlantic Basin, Bloomberg reported. This comes after QatarEnergy, the world's largest LNG producer, ceased production amid the Middle East war. No transactions were known to have been booked at the latest offer rates, the report said.

Scalpe Pro Anti-Dandruff shampoo, the latest launch from Glenmark Pharmaceuticals, aims to transform scalp care. It has Climbazole, a clinically tested antifungal ingredient, which eliminates dandruff at the root. Glenmark further revealed that in a study, 91% of users saw visible reduction after just one wash. This is the clear, calm and dandruff-free relief your scalp needs, it added.

Ghazal Alagh, co-founder of Honasa Consumer, warned that AI systems often adopt human biases, associating men with tech roles and women with homemaking. She also highlighted misuse of AI on social media to create non-consensual images of women. Alagh urged tech companies to prioritise ethical safeguards and responsible AI design before launching products.

Ruben Nizard of Coface warned that a prolonged rise of about $15 in Brent crude could cut global growth by around 0.2 percentage points and push inflation up by nearly half a point. He said such impacts are significant as the world economy remains fragile amid ongoing geopolitical and trade pressures.

Political risk expert Ruben Nizard warned the widening Middle East conflict could push the world toward stagflation. Rising maritime freight costs, disrupted trade routes and higher energy prices may drive inflation while slowing growth. He said the crisis could further strain an already fragile global economy and complicate international trade if the conflict continues.

President Trump vowed to continue the Iran mission with 'ferocious, unyielding resolve,' aiming to crush the regime's threat. He stated the US is ahead of schedule and will easily prevail. Trump noted the military can sustain operations far beyond the projected 4-5 weeks if needed.