NEW DELHI: Indian basket crude prices returned to pre-conflict levels Wednesday, with the basket priced at $70.71 per barrel, reducing the import bill, easing inflationary pressures and improving the financial position of the Centre and oil marketing companies. The Indian basket of crude oil is a derived basket comprising the sweet grade of Brent Dated…
The attack, confirmed by U.S. and Iranian officials, came after Tehran threatened to disrupt shipping in the waterway and as Washington sought regional support for its peace agreement. Source link
The trend sends a signal that global corporations increasingly view India as a major long-term growth market. (AI image) Global majors are lining up billions of dollars worth investment in India despite the global economic uncertainty around war and trade policies. Recent announcements by tech giants and other global companies indicate the rising importance of…
The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf. Source link
Amazon CEO Andy Jassy has been with the company since 1997 and moved into his current role five years ago. On his first visit to India as chief executive, Jassy announced a further scale up in its investment and a ramp up of the quick commerce business to 300 cities. He also took time out…
In a notice flagging a series of problems with a clinical trial, the journal Nature Medicine said its editors “no longer have confidence in the integrity of the results.” Source link
Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a simplified certification route while maintaining product quality and consumer protection. The Centre has introduced a risk-based compliance mechanism to ease industry compliance with Quality Control Orders (QCOs), allowing eligible manufacturers to follow a…
SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run. Source link
Banks will remain closed in several parts of the country on Friday, June 26, on account of Muharram (Yaom-e-Shahadath), Last Day of Moharam and Ashoora. However, bank branches will continue to operate in some cities, according to the Reserve Bank of India’s (RBI) holiday calendar.Banks will remain open on June 26 in these citiesBank branches…
A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices. Source link
