India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure of the Strait of Hormuz. India, the world’s most populous country, is the second-largest importer…
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Oracle has reduced its global workforce by around 21,000 employees—about 13% over the past year—as the company restructures its operations while accelerating AI adoption and expanding cloud infrastructure. The move underscores how AI investments are reshaping workforce strategies across the…
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With a standalone asset base of about Rs 1.75 lakh crore, Tata Sons comfortably exceeds the new threshold and is expected to qualify as an upper-layer NBFC if it continues to be regulated as a CIC.
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The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim…
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Global crude oil prices fell sharply on Friday and were on track to post steep weekly losses as easing supply concerns in the Strait of Hormuz outweighed fresh geopolitical tensions following an attack on a cargo vessel near Oman.
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JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Jamie Dimon. Rohrbaugh will now lead consumer and community banking, while Petno takes the helm of the commercial and investment…
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