Iran on Tuesday (local time) confirmed the death of its national security chief Ali Larijani, hours after Israel claimed responsibility for killing him in an airstrike.

In a statement, the Secretariat of Iran’s Supreme National Security Council (SNSC) said Dr Ali Larijani was killed along with his son Mortaza Larijani, SNSC deputy for security Alireza Bayat, and several bodyguards in an Israeli strike, reported Press TV.

United States (US) President Donald Trump on Tuesday said the US would withdraw from its military operation in Iran in the “very near future”, even as he made it clear that an immediate exit was not on the cards.

Speaking from the Oval Office, Trump stated that Washington was “not ready to leave” at present but added “We will be leaving in pretty much the very near future.”

Israel on Tuesday claimed that its airstrikes in Iran killed senior Iranian security official Ali Larijani and Basij paramilitary force commander Gholamreza Soleimani on Monday.

“Larijani and the Basij commander were eliminated overnight and joined the head of the annihilation program, Khamenei, and all the eliminated members of the axis of evil, in the depths of hell,” Israel's Defence Minister Israel Katz said.

The Securities and Exchange Board of India (Sebi) on Tuesday proposed easing nomination norms for demat accounts and mutual fund folios to simplify investor onboarding and reduce compliance friction.

In a consultation paper, Sebi suggested making nomination the default option for new accounts, requiring investors to explicitly opt out if they choose not to appoint a nominee.

Iran's Supreme Leader Ayatollah Mojtaba Khamenei has rejected proposals for reducing tensions or for a ceasefire with the United States that were conveyed to Tehran by two intermediary countries, a senior Iranian official said on Tuesday.

Khamenei's stance for revenge against the US and Israel was very tough and serious in his first foreign policy session, the official said, without clarifying whether the leader attended the session in person.

Brokerage firm Anand Rathi Shares & Stock Brokers has initiated coverage on India’s building materials sector with a positive outlook, citing a gradual recovery in demand, especially in rural and semi-urban areas, a better pricing environment supported by rising trade flows and commodity prices, and comfortable valuations.

According to the brokerage, building material companies have reported muted year-on-year (Y-o-Y) revenue growth for the past 12 quarters.

Campus Activewear Ltd remains well-positioned to benefit from strong demand in the sports and athleisure segment, driven by premiumisation, product innovation, and favourable pricing, Motilal Oswal said in a note.

The brokerage said the company's innovative designs, attractive pricing, and wide product portfolio have helped it emerge as a market leader in the fast-growing segment.

Commerce secretary Rajesh Agrawal on Monday said that India will sign the trade deal with the United States (US) after Washington restore global tariffic structure.

"US deal was to be signed in March. International Emergency Economic Powers Act (IEEPA) tariffs don't exist per se due to US Supreme Court rulings now.

The US State Department has announced a reward of up to $10 million for information leading to Iran’s new supreme leader, Mojtaba Khamenei, and several other senior Iranian officials.

The announcement was made by the US Department of State on Friday under its Rewards for Justice Program.

The first major attack on an island that exports the bulk of Iran’s oil threatens the lifeblood of the Islamic Republic, as well as global supplies in a market already rocked by the two-week-old conflict in the Middle East.

The US bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure for now, President Donald Trump said in a post on his Truth Social account. He warned Iran’s leaders that he would immediately reconsider that decision if they interfered with ships transiting the Strait of Hormuz.

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