Reliance Industries can now buy Venezuelan oil directly. The US has issued a special license. This move aims to boost Venezuela’s oil exports. It will also lower crude costs for Reliance. This helps replace Russian oil supplies. Reliance previously stopped…
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Commerce and Industry Minister Piyush Goyal said India has safeguarded farmers’ interests in its US trade deal, keeping over 95% of farm produce protected while opening up access to a $55-60 trillion market with the US and EU. Speaking at…
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The regulator said banks are allowed to refinance a target company’s existing debt where such refinancing is “integral to the acquisition finance.”
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The Centre is preparing new rights-based bills to boost ease of doing business. These will be implemented by state governments within the year. The initiative includes an Ease of Doing Business Bill and a Right to Business Act with affidavit-based…
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Last week, Nomura had assigned a 65% probability that the Reserve Bank of India would cut its policy rate by 25 basis points to 5%. It now joins the likes of Capital Economics and ANZ in no longer expecting an…
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India’s massive software services sector faces a sharp downturn. AI advancements are causing significant market value losses for major IT firms. Investors are questioning the future of the traditional outsourcing model. The industry is undergoing a crucial valuation reset. The…
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