World

European Commission stresses importance of ensuring free navigation in Strait of Hormuz without fees

Apr 10, 2026

Brussels [Belgium], April 10: The European Commission today emphasised the necessity of ensuring freedom of navigation in the Strait of Hormuz without the imposition of any fees or payments.
Anouar El Anouni, the spokesperson for the Commission, stated during a press briefing at the European Union headquarters in Brussels that international law stipulates the freedom of navigation, which essentially means no payments or fees should be imposed on transit.
He added that freedom of navigation is a public good that must be guaranteed, stressing the importance of respecting international rules governing traffic in international sea lanes.
Source: Emirates News Agency

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STL delivers resilient FY'26 performance; AI Data Centre business emerges as key growth engine

Mumbai (Maharashtra) [India], April 29: STL (NSE: STLTECH), a leading connectivity solutions provider for AI-ready digital infrastructure, today announced its financial results for the year ended 31 March, 2026. The Company reported revenues of INR 1,441 Cr for the quarter and INR 4,745 Cr for FY26, a growth of ~14.7% QoQ and 18.8% YoY. In FY26, STL delivered EBITDA margins at ~13.2% and EBITDA of INR 628 Cr. The year was characterised by a transformative ~110% surge in order intake over FY25. This indicates strong revenue visibility and sets the stage for sustained growth in the coming quarters.

Apr 29, 2026