The Indian Embassy in Muscat on Wednesday said it has learnt of an incident involving a vessel off the coast of Oman and is “closely monitoring” the situation, amid reports of an attack on a tanker near the entrance to the Strait of Hormuz.

In a post on X, the Indian mission also said that it is in close touch with the local authorities on the issue, without disclosing any details.

“We have learnt of an incident involving a vessel off the coast of Oman. We are closely monitoring the situation and in close touch with the local authorities. We shall update soon,” it said.

Meanwhile, the UK Maritime Trade Operations (UKMTO) said it has received a report of an incident 20 nautical miles northeast of Sohar in Oman, which lies near the entrance to the Strait of Hormuz.

“Local authorities have reported a tanker has experienced a fire in their engine room and are on the scene assisting with the evacuation of the crew,” it said.

The vessel reported one casualty while two crew members are missing, it said, adding that no environmental impact was reported.

The development comes a day after the Indian Coast Guard (ICG) said that 24 Indian crew members of a Palau-flagged merchant tanker were rescued in coordination with Omani authorities, following a “missile attack” on the vessel off the coast of Oman.

Tensions have heightened in the Gulf region, with the US launching airstrikes against Iran, which retaliated by firing missiles at Gulf countries.

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Honda is recalling more than 8,00,000 vehicles in the US because rear suspension components may fail and cause drivers to lose control, increasing the chances of a crash or injury.

American Honda Motor Co said the recall covers certain 2016-2022 Honda Pilot, 2017-2023 Ridgeline, 2019-2023 Passport and 2014-2020 Acura MDX vehicles. The recall includes 880,514 vehicles that were sold in Connecticut, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, or Wisconsin.

The problem centres around the rear subframe, which can corrode at suspension mounting points and cause the rear suspension to fail. Honda estimates that just 1 per cent of the vehicles listed have the defect.

Honda has had no warranty claims and no reports of an injury or death related to the problem.

As a remedy, Honda and Acura dealers will inspect the rear subframe and install a reinforcement kit if necessary, or repair or replace the rear subframe components at no cost to vehicle owners.

Owner notification letters are expected to be mailed July 7.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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American financial services company Fidelity Investments on Wednesday divested a 1.3 per cent stake in e-commerce firm Meesho for Rs 988 crore through open market transactions.

Fidelity Investments, through its two affiliates, FID FDI 2117 LLC and FID FDI 312 LLC, offloaded a total of 5,98,16,300 shares representing a 1.31 per cent stake in the Bengaluru-based e-commerce firm, according to the bulk deal data available on the National Stock Exchange (NSE).

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The shares were sold in the price range of Rs 165.18-165.21 apiece, taking the combined transaction value to Rs 988.15 crore.

At the end of the March quarter, FID FDI 312 LLC owned a 1.13 per cent stake in Meesho, as per shareholding data available on the BSE.

Details of the buyers of Meesho’s shares could not be ascertained on the exchange.

Shares of Meesho fell marginally to close at Rs 166.16 apiece on the NSE.

Last month, Meesho said its consolidated net loss narrowed to Rs 166.34 crore for the fourth quarter ended March 31.

The company had posted a net loss of Rs 1,391.38 crore in the corresponding quarter of the previous financial year, according to a regulatory filing.

ALSO READ | Meesho Q4 Results: Net Loss Narrows 88% As Revenue Tops Rs 3,500 Crore

Its consolidated revenue from operations for the quarter under review increased 47.13 per cent to Rs 3,531.21 crore compared to Rs 2,399.97 crore in the year-ago period, the company added.

During the same month, Meesho announced that its board has approved an investment of up to Rs 100 crore in its subsidiary Meesho Payments Pvt Ltd.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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