The India-UK free-trade agreement (FTA) will come into force in a month, Commerce Minister Piyush Goyal said on Friday. "This will be the fastest agreement ever to be approved by the UK Parliament," he said, adding that he is currently discussing the finer details of the agreement. Notably, 99% of Indian exports will enter the UK duty-free under the pact.

Saudi Arabia has cut oil production by two million barrels per day to around eight million bpd after ​reducing output from two major offshore fields, Reuters reported, citing sources. The development came amid disruptions linked to US-Israeli war with Iran and blocking of Strait of Hormuz. Iran has warned that disruption could drive global oil prices as high as $200/barrel.

After US President Donald Trump's administration launched "unfair trade practice" investigations against 16 key trading partners, including India, an Indian official on Friday said the country is "evaluating" the documents. "We're studying what is in their note," the official stated, adding, "We're looking at it from all perspectives. Both from the legal perspective as well as the economic angle."

The CBI on Friday questioned Anil Ambani's son Jai Anmol Ambani in a ₹228-crore Union Bank of India fraud case, NDTV Profit reported, citing officials. Jai Anmol Ambani was questioned for around 6.5 hours, they said. The case relates to an alleged criminal conspiracy, cheating and criminal misconduct that caused a wrongful loss of ₹228.06 crore to the bank.

An LPG tanker sailing to India has crossed the Strait of Hormuz amid blockage due to the US-Iran war in the Middle East, according to reports. Another tanker would also sail for India soon, the reports added. This comes after Iran's Ambassador to India Mohammad Fathali confirmed safe passage for Indian ships from the Strait of Hormuz.

UK economy recorded zero growth in January as the gross domestic product (GDP) didn't rise or fall, data released by Office for National Statistics revealed. The GDP was unchanged after 0.1% growth in the previous month, and it was worse than the 0.2% growth economists had expected. Notably, the newest data does not include the impact of the US-Iran war.

IndiGo flight tickets are set to get costlier as the airline decided to levy a 'fuel charge' from March 14 amid war. "All new bookings...will include the following additional Fuel Charge, per sector- Within Domestic India ₹425, Indian Subcontinent ₹425, Middle East ₹900, South East Asia, China and Africa ₹1,800 and Europe ₹2,300," it stated.

Wedbush raised Micron Technology's price target to $500, implying a 23% upside, citing strong momentum in the memory market. Analyst Matt Bryson expects Q2 results to beat estimates, with NAND and DRAM segments potentially rising 30-50%. The firm noted no demand slowdown post-Chinese New Year. Micron stock rose over 4% and has gained 46% this year.

The Commerce Ministry rejected media reports claiming that talks between India and the US on a Bilateral Trade Agreement are on hold. "It's reiterated that the two sides remain engaged for a mutually beneficial trade agreement," it said. Last month, the US and India announced they had reached a framework for an interim agreement on reciprocal and mutually beneficial trade.

Carvana stock rose 3% premarket after announcing its first-ever stock split. The board approved a 5-for-1 split to make shares more accessible to employees. Shareholders will vote on the proposal on May 5. CFO Mark Jenkins noted the decision follows record profitability and growth in 2025, highlighting the company's leadership in the industry.