Business

Indian refiners anticipate a significant decline in Russian oil imports, potentially even reaching zero. (AI image) The Donald Trump administration’s latest move to sanction major Russian oil firms Rosneft PJSC and Lukoil PJSC will likely make it almost impossible for India to continue procuring crude from Russia. Analytics firm Kpler reports that Russian oil made…

India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…

Stock markets in Asia struggled on Wednesday, mirroring Wall Street losses as investors weighed worries that this year’s tech-driven rally may be approaching its limits. Hong Kong’s HSI fell 22 points or 0.09% to 25,759. Nikkei traded at 48,509, shedding 797 points or 1.6%. Shanghai and Shenzhen also traded in red, down 0.66% and 0.87%,…

Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…

Vladimir Putin and Donald Trump (R) The Donald Trump-led US administration on Wednesday imposed sanctions on Russia’s two largest oil producers, Rosneft and Lukoil, intensifying pressure on the Kremlin to end its war in Ukraine. The move marks one of Washington’s largest-ever sanctions packages against Moscow, announced after Treasury Secretary Scott Bessent accused Vladimir Putin…

US President on Wednesday, once again, claimed that India would cut down Russian oil imports by the end of the year, noting that it was a gradual process. The statement came after the States sanctioned two major Russian oil companies demanding immediate ceasefire from Moscow. “India, as you know, has told me they are going…

NEW DELHI: India’s economic dashboard is getting a long-overdue makeover in early 2026. From GDP and retail inflation to industrial output, several major measures of economic activity will be updated to reflect how people live, earn and spend today. A new index to track the booming services sector — from logistics to digital platforms —…

The United States on Wednesday announced sanctions on two biggest Russian oil companies in a bid to pressurize Moscow to “immediately agree to ceasefire“. The move after US President Donald Trump expressed that his talks with Russian counterpart Putin remained futile over Ukraine war.“Now is the time to stop the killing and for an immediate…

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 peak power demand during Diwali this year fell slightly compared to last year, breaking the usual trend of higher electricity consumption during the festival of lights.Government data showed that the highest power supply met on Monday reached 180.14 GW, down from 182.87 GW on October 31, 2024.Typically, electricity demand spikes during Diwali as domestic…