Business

India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…

The United Kingdom has announced fresh hikes for in-country expedited immigration services, effective October 21, Tuesday, continuing a trend of significant hikes over the past two years.Expedited processing of sponsorship management requests for worker, temporary worker, or student sponsors now costs GBP 350, up 75% from GBP 200. Meanwhile, priority service for sponsor licence applications…

As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance. Trump’s New Russian Oil Threat; What It…

Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…

The global economy is slowing down and trade dynamics are undergoing a change.At a time like this, India needs to evaluate its export strategies, with focus on long-term competitiveness through technology, cost efficiency, and domestic production, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) explainedSpeaking to ANI, Srivastava said, “The focus should be…

After United States, the European Union has also imposed sanctions on Russia, targeting the country’s oil industry in efforts to intensify international efforts to block the funds that Moscow depends on to sustain its invasion of Ukraine.Earlier on Wednesday, US President Donald Trump had announced sanctions on Russian oil firms.Ukrainian President Volodymyr Zelenskyy welcomed the…

Tensions between US and China might ease over the coming days as the two nations will be meeting in Malaysia for the next round of trade talks.“As agreed by both China and the United States… vice premier He Lifeng will lead a delegation to Malaysia from October 24 to 27 and hold economic and trade…

India’s biggest business houses delivered a mixed performance during Samvat 2081, with some posting stellar gains while others struggled to keep pace.Bharti Group, led by Sunil Mittal, emerged as the top wealth creator of the year with its combined market value surging to a whopping 24.8%, driven by a strong rebound in Bharti Airtel’s profitability….

Trade tensions between Washington and Beijing might rise further as the US is planning its next move against China, after the 155% tariff threat.The Trump admin is reportedly preparing a response to China’s recent rare earth export restrictions by limiting shipments of US software-powered products to Beijing, a US official told Reuters. The proposed measures…

NEW DELHI: The National Highways Authority of India (NHAI) has started putting details of land acquisition status and statutory clearances for each highway project — tenders of which are out or will be floated — online. This is aimed at bringing greater transparency, and reducing disputes and arbitrations after projects are bid out.The exercise began…

India’s gold reserves held by the Reserve Bank of India (RBI) surpassed 880 metric tonnes in the first half of 2025-26, with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold stood at $95 billion as of September 26, 2025, according to the latest RBI…

File photo: Union minister Piyush Goyal (Picture credit: ANI) India has adopted the path of “Atmanirbharta” or self-reliance to address vulnerabilities revealed in global supply chains, placing greater importance on resilience and trust over mere cost efficiency, union minister for commerce and industry Piush Goyal said. Speaking at the UNCTAD ministerial roundtable on ‘Towards Resilient,…

India’s non-fossil fuel-based power generation capacity is set to reach around 300 gigawatts (GW) soon, with over 40 GW of renewable energy projects in advanced stages of signing power purchase agreements (PPAs) and securing transmission connectivity, the ministry of new and renewable energy (MNRE) said on Wednesday.As of September 30, India’s non-fossil fuel capacity stood…

File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal will embark on an official visit to Berlin, Germany, from Thursday, marking a milestone in India-Germany engagement, as 2025 commemorates the 25th anniversary of the India–Germany Strategic Partnership. The visit aims to deepen bilateral economic ties…

File photo (Picture credit: AP) US stocks are trading largely flat on Wednesday as investors await earnings results from electric carmaker Tesla, while gold prices extended their decline from record highs.According to news agency AP, the S&P 500 slipped 0.1% in early trading, staying just below its all-time high set earlier this month. The Dow…

File photo: IT minister Ashwini Vaishnaw (Picture credit: PTI) In a move to curb misuse of AI-generated content and bring transparency to online governance, the ministry of electronics and information technology (MeitY) has proposed draft amendments to the IT Rules, 2021, mandating clear labelling of synthetic media and stricter oversight of content removal orders.As per…

In a move that could significantly improve passenger convenience, Indian Railways could introduce a feature allowing travellers to change the date of journey for confirmed e-tickets without cancelling their existing booking or any extra charges. The facility is expected to be available from early next year, with railways minister Ashwini Vaishnaw’s directive to prepare a…

India has emerged as the frontrunner in renewable energy progress across South and Southeast Asia, outpacing coal and setting an example for the region, according to a recent report by S&P Global Ratings. As per news agency ANI, the study noted that India’s strong policy framework, advancing technology adoption and robust private investment are fuelling…

Fixed-income mutual funds in India witnessed a massive net outflow of Rs 1.02 lakh crore in September 2025, a sharp rise from modest redemptions of Rs 7,980 crore in August, according to data from the Association of Mutual Funds in India (Amfi). The surge was primarily driven by large institutional withdrawals from liquid and money…

Entertainment giant Warner Bros Discovery’s board has reportedly turned down a nearly $60 billion takeover offer from Paramount Skydance, a source told Reuters on Tuesday (local time). The company also announced that it will now look at other options for a possible sale.The board had rejected a mostly cash offer of around $24 per share…