From 25m ago 11.34 GMT Asylum system 'not fair' for 'hard-working people' in Britain, says home secretary Mahmood says that the asylym system is “not fair” for “hard-working people” across the country. She says: double quotation mark Hard-working people across this country engaged in the daily struggle to make ends meet; they see a state that they pay taxes for but it is unable to stop a flow of d...
From 25m ago 11.34 GMT Asylum system 'not fair' for 'hard-working people' in Britain, says home secretary Mahmood says that the asylym system is “not fair” for “hard-working people” across the country. She says: double quotation mark Hard-working people across this country engaged in the daily struggle to make ends meet; they see a state that they pay taxes for but it is unable to stop a flow of dinghies across the channel. And they see a state that is paying billions towards hotels like the one near them. It doesn’t look fair because it’s not fair. And it erodes their trust in government. The home secretary adds: double quotation mark Without the trust of citizens in the state, there is no space for Labour values in any part of government to be realised. She says that restoring control of the borders “is a necessary condition” for a Labour government to achieve anything. Share Updated at 11.35 GMT now 12.00 GMT Mahmood criticises “misinformation” about sharia law relating to London, while praising Sadiq Khan as she is questioned about Donald Trump’s rebukes of the city’s mayor. The home secretary is asked about the US president’s criticism of the UK government over its decisions on Iran, as well as his attacks on Khan, his claim that London wants to turn to sharia law and his comments about immigration. She says: double quotation mark The US president will say some things that we agree with and others that we disagree with. We are getting our immigration system under control. That is my job. That’s what I’ve been setting out today, and we will pursue that. Others can comment as they wish, but what I am motivated by is resolving problems for citizens in our country. On Khan, she adds: double quotation mark And let me just say on Sadiq, I think he’s doing an excellent job as mayor of London and there is a lot of misinformation that is often put out about what’s happening in London, whether that’s on crime rates or whether that’s on things like sharia law, for example...
Azerbaijan warned on Thursday that it was preparing unspecified response measures after a pair of Iranian drones flew across its border and injured four people in the Nakhchivan exclave, raising concern about further spillover of the conflict in the Middle East. “These attacks will not remain unanswered,” the Azerbaijani Defence Ministry said in a statement. It added that it was investigating the...
Azerbaijan warned on Thursday that it was preparing unspecified response measures after a pair of Iranian drones flew across its border and injured four people in the Nakhchivan exclave, raising concern about further spillover of the conflict in the Middle East. “These attacks will not remain unanswered,” the Azerbaijani Defence Ministry said in a statement. It added that it was investigating the types of drones used in the attack, and “preparing the necessary response measures to protect the territorial integrity and sovereignty of the country and to ensure the safety of civilians and civilian infrastructure”. Advertisement Azerbaijan and Iran already have tense relations over Baku’s growing economic, energy and military ties to Turkey and Israel. Iran, which has been retaliating for US and Israeli strikes since Saturday in an air war now engulfing the Middle East, also boasts a sizeable ethnically Azerbaijani population. The Foreign Ministry earlier demanded in a statement that Iran “clarify the matter in the shortest possible time, provide an explanation and take the necessary urgent measures to prevent such incidents from recurring in the future”. Damage at the Nakhchivan International Airport following what Azerbaijan’s foreign ministry said was a drone attack carried out by Iran. Photo: AP “This attack on the territory of Azerbaijan contradicts the norms and principles of international law and contributes to increased tensions in the region,” it said. The Iranian ambassador to Azerbaijan was summoned to the ministry and received a formal note of protest.
is a London-based reporter at The Verge covering all things AI and Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Anthropic CEO Dario Amodei is reportedly back at the negotiating table with the Department of Defense in an attempt to salvage the company’s relationship with the US military and prevent it from being iced out of defense work for being a “supply ...
is a London-based reporter at The Verge covering all things AI and Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes. Anthropic CEO Dario Amodei is reportedly back at the negotiating table with the Department of Defense in an attempt to salvage the company’s relationship with the US military and prevent it from being iced out of defense work for being a “supply chain risk.” Talks between the two parties imploded on Friday after weeks of bitter public feuding over the startup’s refusal to grant the Pentagon unrestricted access to its AI, with rivals like OpenAI rushing to fill the void. Amodei is in talks with under-secretary of defense for research and engineering Emil Michael about a new contract that would allow the US military to continue using Anthropic’s Claude AI models, according to the Financial Times, citing unnamed sources with knowledge of the matter. Michael attacked Amodei on social media last week amid a tense standoff over acceptable military uses of AI, calling the executive a “liar” with a “God-complex” and accusing him of “putting our nation’s safety at risk.” Securing a new deal could be a matter of survival for the US startup. Secretary of Defense Pete Hegseth said he would designate Anthropic a supply chain risk on Friday, a category typically reserved for companies with ties to foreign governments that pose national security risks to the United States. The designation would have a ripple effect throughout the US tech ecosystem, forcing firms to ditch Claude and sever ties with the company if they want to keep working on defense contracts. A newly leaked memo sent from Amodei to Anthropic staff on Friday, first reported on by The Information and also seen by the FT, is likely to inflame already tense relations between the company and the Trump administration. In it, Amodei reportedly criticized OpenAI’s deal with the Pentagon as “safety theater” and described the messaging from both parties as “straight up lie...
Good morning . Iran vows to escalate retaliation. Stranded travelers are learning a hard lesson. And data centers are a new target in modern warfare. Listen to the day’s top stories . S&P 500 Index Futures 6,877.75 +0.03% Nasdaq 100 Index Futures 25,142.75 +0.06% Bloomberg Dollar Spot Index 1,202.53 +0.22% Iran vowed to escalate its retaliation against US strikes and avenge the US sinking of an Ir...
Good morning . Iran vows to escalate retaliation. Stranded travelers are learning a hard lesson. And data centers are a new target in modern warfare. Listen to the day’s top stories . S&P 500 Index Futures 6,877.75 +0.03% Nasdaq 100 Index Futures 25,142.75 +0.06% Bloomberg Dollar Spot Index 1,202.53 +0.22% Iran vowed to escalate its retaliation against US strikes and avenge the US sinking of an Iranian warship as the conflict entered its sixth day. Arab states across the Persian Gulf reported interceptions of Iranian missiles and drones. Oil extended gains after China was said to have told its largest refiners to suspend exports of diesel and gasoline , and Iran said it struck a US oil tanker. Stocks also remained in flux as the war forces investors to reassess one of their favorite strategies: Sell America, buy Asia . Stay up to date with our rolling coverage . Stranded travelers are learning the hard way that their insurance won’t cover replacement flights or extended hotel stays. At the same time, Asian airlines have become the go-to option for people trying to escape, albeit for a hefty premium . The number of canceled flights to Middle East hubs has surpassed 23,000 since fighting began. For millennia, warring parties have tried to cripple their enemies by targeting critical infrastructure—poisoning wells, burning bridges or, more recently, attacking railways, refineries and airports. This time another target has come to the fore: data centers . US forces are turning to AI tools to quickly manage enormous amounts of data for operations against Iran, highlighting the emerging technology’s growing role in warfare. Meanwhile, Anthropic has resumed discussions with the Pentagon about the way its models are used by the US military, raising the possibility that the two sides can resolve a feud that’s transfixed Silicon Valley . In the mainstream, economists expect AI will deliver higher productivity, but investors are growing nervous about what damage might be done a...
Ituran Location press release ( ITRN ): Q4 GAAP EPS of $0.77. Revenue of $93.5M (+12.8% Y/Y). 76% of revenues were from location-based service subscription fees, and 24% were from product revenues. Revenues from subscription fees were $71.1 million, an increase of 15% over the fourth quarter of 2024 revenues. The subscriber base expanded to 2,630,000 by the end of December 2025, marking an increas...
Ituran Location press release ( ITRN ): Q4 GAAP EPS of $0.77. Revenue of $93.5M (+12.8% Y/Y). 76% of revenues were from location-based service subscription fees, and 24% were from product revenues. Revenues from subscription fees were $71.1 million, an increase of 15% over the fourth quarter of 2024 revenues. The subscriber base expanded to 2,630,000 by the end of December 2025, marking an increase of 42,000 from the previous quarter. Product revenues were $22.4 million, an increase of 5% year-over-year. More on Ituran Location Seeking Alpha’s Quant Rating on Ituran Location Historical earnings data for Ituran Location Dividend scorecard for Ituran Location Financial information for Ituran Location
Tesla, Inc. CEO Elon Musk continues to raise the stakes on his AI vision, arguing that Tesla could be among the first companies to create artificial general intelligence—and to embody it in humanoid robots. Elon Musk's Claim In an early morning post on X, he said Tesla will be one of the firms to make AGI and "probably the first to make it in humanoid/atom-shaping form," expressing his view of the...
Tesla, Inc. CEO Elon Musk continues to raise the stakes on his AI vision, arguing that Tesla could be among the first companies to create artificial general intelligence—and to embody it in humanoid robots. Elon Musk's Claim In an early morning post on X, he said Tesla will be one of the firms to make AGI and "probably the first to make it in humanoid/atom-shaping form," expressing his view of the company as a front‑runner in the race for human‑level AI. Tesla will be one of the companies to make AGI and probably the first to make it in humanoid/atom-shaping form Don't Miss: AGI, or artificial general intelligence, refers to systems that can perform most intellectual tasks a human can, across domains like reasoning, planning and learning, instead of being confined to a narrow use case such as driving or language. Musk's claim puts Tesla in the same competitive arena as dedicated AI labs like OpenAI and Google DeepMind, despite Tesla's public image as an EV automaker. He has pointed to the company's massive real‑world data from Autopilot and its Dojo supercomputer as strategic assets on the path to AGI. Trending: Disney Was Built on Character IP — This Pre-IPO Company Is Using the Same Playbook Tesla's Edge Where Musk tries to differentiate Tesla is in what he calls "humanoid/atom-shaping" form. The phrase is a nod to Optimus, the company's humanoid robot project, and to factory automation systems that can physically manipulate the world with high precision. Rather than imagining AGI as a purely cloud‑based digital mind, Musk envisions embodied intelligence: robots and advanced manufacturing platforms that can "shape atoms" by assembling, welding or handling objects with human‑like dexterity, and eventually, finer‑grained control. Musk continues to promote Tesla not only as an EV and energy company, but as a platform for general‑purpose humanoid robots and AI systems that act directly on the physical world. Read Next: Photo: Shutterstock Up Next: Transform your tradi...
CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks on Jim Cramer’s radar. A caller asked if CRWV is a stock to avoid or if the recent decline presents a buying opportunity. Here’s what Cramer had to say: Man, you are going into the lion’s den. I don’t particularly like going into the lion’s den. I’d rather have you buy NVIDIA. I think NVIDIA’s had a lot of good things happen in the last 72 hours. ...
CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks on Jim Cramer’s radar. A caller asked if CRWV is a stock to avoid or if the recent decline presents a buying opportunity. Here’s what Cramer had to say: Man, you are going into the lion’s den. I don’t particularly like going into the lion’s den. I’d rather have you buy NVIDIA. I think NVIDIA’s had a lot of good things happen in the last 72 hours. No one’s paying any attention to them except pour moi. That’s French. Photo by Adam Nowakowski on Unsplash CoreWeave, Inc. (NASDAQ:CRWV) runs a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking, and managed services. Cramer highlighted NVIDIA’s investment in the company during the January 26 episode, as he stated: … NVIDIA announced that it invested another $2 billion in CoreWeave, buying 22.9 million shares at $87.20 per share. It was a fantastic verification for CoreWeave, demonstrating that it’s the preferred provider of NVIDIA chips. These are hard to procure. If you’re a big hyperscaler, you’re going to get a serious allocation. If you’re not, though, you know who to go to now. You can set up with NVIDIA by getting it through CoreWeave. This morning on Squawk on the Street, we got to interview CoreWeave founder and CEO, Michael Intrator, as well as Jensen Huang himself, coming from China to talk to us about the deal… While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
(RTTNews) - Kura Oncology Inc. (KURA) reported Loss for its fourth quarter of -$80.999 million The company's bottom line came in at -$80.999 million, or -$0.92 per share. This compares with -$19.217 million, or -$0.22 per share, last year. The company's revenue for the period fell 67.8% to $17.336 million from $53.883 million last year. Kura Oncology Inc. earnings at a glance (GAAP) : -Earnings: -...
(RTTNews) - Kura Oncology Inc. (KURA) reported Loss for its fourth quarter of -$80.999 million The company's bottom line came in at -$80.999 million, or -$0.92 per share. This compares with -$19.217 million, or -$0.22 per share, last year. The company's revenue for the period fell 67.8% to $17.336 million from $53.883 million last year. Kura Oncology Inc. earnings at a glance (GAAP) : -Earnings: -$80.999 Mln. vs. -$19.217 Mln. last year. -EPS: -$0.92 vs. -$0.22 last year. -Revenue: $17.336 Mln vs. $53.883 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
A stabilization in European bond markets lasted just one day. Government debt across the euro area and the UK resumed a slide on Thursday, following a punishing start to March, as the Iran war showed no sign of easing and energy prices continued to surge. Germany’s bunds, considered the region’s premier haven, are headed for their worst week in a year. While government bonds globally have plunged ...
A stabilization in European bond markets lasted just one day. Government debt across the euro area and the UK resumed a slide on Thursday, following a punishing start to March, as the Iran war showed no sign of easing and energy prices continued to surge. Germany’s bunds, considered the region’s premier haven, are headed for their worst week in a year. While government bonds globally have plunged this week, Europe is particularly sensitive to the outbreak of conflict in the Middle East given it’s so reliant on energy imports. That leaves the region vulnerable to a resurgence in inflation. The crisis has jolted investors who were confident that the European Central Bank would keep interest rates steady this year — an outlook that had sent gauges of expected volatility to a five-year low last month. In the UK, conviction was running high that policymakers would deliver a cut this month on a slowing labor market and weaker inflation, underpinning demand for gilts. But the outbreak of war on Saturday, when the US and Israel launched airstrikes on Iran, has forced analysts to rip up forecasts on where rates are heading. Morgan Stanley no longer expects two cuts from the ECB in 2026 given the range of possible outcomes for inflation, while traders are starting to price a rate hike . “We believe inflation will probably be higher in Europe,” said David Zahn , head of European fixed income at Franklin Templeton. While he doesn’t expect rate hikes imminently, they “may be brought forward.” Read more: Traders Turn to 2022 Playbook to Map Out Iran Market Risks For the UK, Rabobank has removed rate cuts from its 2026 forecast given the country is now facing a negative supply shock from the surge in natural gas and oil prices. Goldman Sachs Group Inc. has also pushed back expectations for another Bank of England cut. The length of the conflict is key to understanding the potential for European inflation and subsequently damage to growth. Particularly in focus is the Strait of Hor...
Q4 total sales grew 11%, and comparable store sales increased 4% Q4 net income was $310 million, and diluted EPS was $4.84 FY25 total sales grew 9%, and comparable store sales increased 2% FY25 net income was $610 million, and diluted EPS was $9.51 Excluding expenses associated with bankruptcy acquired leases: Q4 Adjusted EBIT margin increased 100 basis points versus Q4 of FY24 Q4 Adjusted EPS inc...
Q4 total sales grew 11%, and comparable store sales increased 4% Q4 net income was $310 million, and diluted EPS was $4.84 FY25 total sales grew 9%, and comparable store sales increased 2% FY25 net income was $610 million, and diluted EPS was $9.51 Excluding expenses associated with bankruptcy acquired leases: Q4 Adjusted EBIT margin increased 100 basis points versus Q4 of FY24 Q4 Adjusted EPS increased 21% to $4.99, versus guidance of $4.50 to $4.70 FY25 Adjusted EBIT margin of 8.0%, an increase of 80 basis points versus FY24 FY25 Adjusted EPS of $10.17, an increase of 22% versus FY24 BURLINGTON, N.J., March 05, 2026 (GLOBE NEWSWIRE) -- Burlington Stores, Inc. (NYSE: BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home at everyday low prices, today announced its results for the fourth quarter and full year ended January 31, 2026. Michael O’Sullivan, CEO, stated, “We are very pleased with our strong performance in the fourth quarter. Comparable store sales increased 4%, on top of a robust 6% increase the prior year. This represents a very strong 10% two-year comp stack. Adjusted EBIT margin was 100 basis points higher than last year, and 50 basis points above the high end of our expectations. This sales and margin performance drove 21% earnings per share growth. This was a very strong performance in our largest quarter of the year.” Mr. O’Sullivan went on, “Looking back on 2025 as a whole, total sales increased 9% on top of an 11% increase the prior year, and comparable store sales increased 2% on top of 4% last year. When tariffs were introduced in April, we took actions to offset the negative margin impact of tariffs. These actions were spectacularly successful in driving earnings. Despite tariffs, Adjusted EBIT margin increased 80 basis points, resulting in 22% earnings per share growth." Mr. O’Sullivan concluded, “We are feeling bullish about our prospects in Fiscal 2026. There ar...
NEW YORK, NY, March 05, 2026 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the fourth quarter and fiscal year ended December 31, 2025. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: "We ended 2025 on a high note with fourth quarter sales growth of 4.3%. In 2025, we delivered on our Bonds & Beyond transfor...
NEW YORK, NY, March 05, 2026 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the fourth quarter and fiscal year ended December 31, 2025. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: "We ended 2025 on a high note with fourth quarter sales growth of 4.3%. In 2025, we delivered on our Bonds & Beyond transformation priorities, driving renewed brand momentum and building a consistent innovation pipeline while strengthening execution and sharpening strategic focus. As we enter 2026, we do so with a clear path forward and a more balanced, sustainable approach to investment and growth." For the fourth quarter of 2025 compared to the fourth quarter of 2024: Net sales increased 4.3% to $105.1 million; By channel: Specialty Retail decreased 14.5% to $24.7 million; Professional increased 18.9% to $36.8 million; Direct-To-Consumer increased 6.6% to $43.6 million; Net sales increased 0.8% in the United States and increased 7.6% internationally; Net loss was $13.1 million, as compared to $8.8 million for the fourth quarter of 2024; Diluted net loss per share was $(0.02), as compared to $(0.01) for the fourth quarter of 2024. For the fiscal year 2025 compared to the fiscal year 2024: Net sales increased 0.1% to $423.0 million; By channel: Specialty Retail decreased 8.3% to $130.4 million; Professional increased 5.5% to $153.3 million; Direct-To-Consumer increased 3.1% to $139.3 million; Net loss was $9.3 million, as compared to net income of $19.5 million for 2024; Diluted net (loss) income per share was $(0.01), as compared to $0.03 for 2024. Three Months Ended December 31, 2025 Results (Amounts in thousands, except per share data) Three Months Ended December 31, 2025 2024 % Change Net Sales $ 105,119 $ 100,741 4.3% Gross Profit $ 71,457 $ 66,776 7.0% Gross Profit Margin 68.0 % 66.3 % Adjusted Gross Profit $ 74,162 $ 69,064 7.4% Adjusted Gross Profit Margin 70.6 % 68.6 % SG&A $ 65,107 $ 5...
Delivered 4% Y/Y Net Sales Growth Drove 34% Y/Y Bookings Growth in Fine Jewelry Provides Q1 and Full Year Guidance 2026 SAN FRANCISCO, March 05, 2026 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, ...
Delivered 4% Y/Y Net Sales Growth Drove 34% Y/Y Bookings Growth in Fine Jewelry Provides Q1 and Full Year Guidance 2026 SAN FRANCISCO, March 05, 2026 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, global leader in ethically sourced fine jewelry, today announced financial results for the three and twelve months ended December 31, 2025. Fourth Quarter and Fiscal Year 2025 Highlights (quarterly and annual periods ended December 31, 2025): Delivered Net Sales of $124.4 million and $437.5 million in the fourth quarter and fiscal year, respectively. Largest quarter ever of Net Sales Total orders grew year-over-year 7% in Q4 and 13% in 2025 Repeat orders grew year-over-year 15% in Q4 and 13% in 2025 Average Selling Price (ASP) grew year-over-year across the assortment in Q4 Drove record quarterly fine jewelry bookings in Q4 , with 34% year-over-year bookings growth, highlighting continued success in strategic assortment expansion beyond bridal heritage , with 34% year-over-year bookings growth, highlighting continued success in strategic assortment expansion beyond bridal heritage Maintained strong Gross Margin of 55.9% and 57.5% in the fourth quarter and fiscal year, respectively, while navigating headwinds in precious metal prices and tariffs, demonstrating the agility of the Company's business model in the fourth quarter and fiscal year, respectively, while navigating headwinds in precious metal prices and tariffs, demonstrating the agility of the Company's business model Drove 150 basis points of leverage in marketing expense as a percentage of Net Sales for both the fourth quarter and fiscal year as compared to the same prior year periods while continuing to make strategic investments in building brand awareness as a percentage of Net Sales for both the fourth quarter and fiscal year as compared to the same prior year periods while continuing to make strategic investments in building brand awareness ...
Key Points Bitcoin has lost a lot of value since its all-time high in October. The specter of geopolitical conflicts and economic disruption could be a problem. Its history offers conflicting signals about what comes next. 10 stocks we like better than Bitcoin › Right now Bitcoin (CRYPTO: BTC) is priced at around $69,000 after a brutal slide of 27% over the last three months, and the crypto mood l...
Key Points Bitcoin has lost a lot of value since its all-time high in October. The specter of geopolitical conflicts and economic disruption could be a problem. Its history offers conflicting signals about what comes next. 10 stocks we like better than Bitcoin › Right now Bitcoin (CRYPTO: BTC) is priced at around $69,000 after a brutal slide of 27% over the last three months, and the crypto mood looks grim. Many market participants have been speculating that the coin is due for another big leg down, to the $45,000 range, whereas others -- perhaps aspirationally -- have been predicting a snappy return to the $100,000 level. If you're investing for the long term, these possibilities for short-term price action aren't worth fixating on, but it can still be comforting to game out the different scenarios, if only for the sake of developing an outlook for how aggressively (or cautiously) to invest. So what's next for Bitcoin: $45,000, or $100,000? Let's map things out and get some perspective. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What would it take to see $45,000? First, some math. A fall from $69,000 to $45,000 is about 35%. That's not inconceivable given the sour sentiment and market instability at the moment. As painful as that decline would be for holders, its scale would also be consistent with most other instances of the coin's collapse from its prior all-time highs, which, for reference, were last made in October 2025, at a price level of around $126,000. So a further decline from here is actually quite plausible, historically speaking. But after a few months on end of uninterrupted selling off, it's likely that more downside from here would need a new bearish catalyst of some kind, as the coin has never gone down for longer than six months in a row. The initiation of a war with Iran m...
Adani Total Gas Ltd. tripled the prices of gas supplied to industrial consumers beyond 40% of their daily allocation, as the war in the Middle East squeezes fuel availability. The company, which provides natural gas to homes, industries and vehicles, raised the price of gas for large users above the threshold to nearly 120 rupees per standard cubic meter, up from 40 rupees, an official said, askin...
Adani Total Gas Ltd. tripled the prices of gas supplied to industrial consumers beyond 40% of their daily allocation, as the war in the Middle East squeezes fuel availability. The company, which provides natural gas to homes, industries and vehicles, raised the price of gas for large users above the threshold to nearly 120 rupees per standard cubic meter, up from 40 rupees, an official said, asking not to be named ahead of a public disclosure. The price revision came into effect at 6am in India on Wednesday, Reuters reported earlier. An Adani Total spokesperson didn’t immediately reply to a request for comment. Indian gas consumers are grappling with constrained access after the biggest supplier Qatar halted operations at its Ras Laffan plant, the world’s largest LNG export facility, which was targeted by an Iranian drone strike. India meets half of its gas demand through imports and half of those come from Qatar. Bulk consumers, such as industries and commercial units, account for 30% of Adani Total’s demand, which is entirely met through imports, the official said. Gas suppliers including Petronet LNG Ltd. and Gujarat Gas Ltd. have invoked force majeure to restrict deliveries to their customers, citing shipment disruptions. Adani Total, a joint venture between Adani Group and TotalEnergies SE, supplies gas to consumers in 53 geographical areas — some through its partnership with Indian Oil Corp. — covering 14% of India’s population, according to a company presentation .