Russian Oil Imports: India’s Russian oil imports hit record high in June amid Hormuz disruptions

​The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data … Read more

Finance ministry panel clears Rs 1.25 lakh crore for India Semiconductor Mission 2.0; Cabinet nod next

The Expenditure Finance Committee (EFC) under the Finance Ministry has cleared a proposal for a Rs 1.25 lakh crore outlay under India Semiconductor Mission (ISM) 2.0, marking a major step in the country’s efforts to strengthen domestic chip manufacturing and build a comprehensive semiconductor ecosystem, sources told PTI. The Expenditure Finance Committee (EFC) under the … Read more

Barrel of backups: India’s crude imports bounce back despite Middle East disruptions

India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional … Read more

Jio IPO: What is Project Jupiter? How Mukesh Ambani’s Reliance worked behind closed doors for India’s biggest offering

Reliance formally set Project Jupiter in motion by October. (file photo) Project Jupiter – that was the internal name of Reliance Industries’ project to push Jio Platforms Ltd towards its initial public offering – which is all set to be the biggest that the Indian stock market has seen.At Reliance Industries Ltd.’s annual general meeting … Read more

Want to invest in US stocks via GIFT City? How Indian brokers plan to make it easier

GIFT City serves as the gateway for Indian investors to access overseas stocks. With interest in global investing rising, leading brokerages are establishing operations there to offer international investing to their customers. India’s largest discount brokerages, including Groww, Zerodha, Angel One, Upstox and Dhan, are gearing up to offer overseas investing through GIFT City, a … Read more

OYO parent Prism files updated IPO papers for Rs 6,650 crore issue: What investors should know

Hospitality technology company Prism, the parent of OYO, has filed updated draft papers with markets regulator Sebi for a Rs 6,650 crore initial public offering (IPO) comprising entirely a fresh issue of shares with no offer-for-sale (OFS) by existing shareholders. Hospitality technology company Prism, the parent of OYO, has filed updated draft papers with markets … Read more

‘We’re in the final steps’: US ambassador Sergio Gor signals progress on India-US trade deal

The proposed US-India trade agreement is in the “final steps” of negotiations, with only the last one per cent of issues remaining to be resolved, US Ambassador to India Sergio Gor said on Tuesday, expressing confidence that the pact would be concluded soon after nearly 18 months of talks. The proposed US-India trade agreement is … Read more