This surge is due to Indian refiners, like Reliance Industries, buying more of Venezuela’s cost-effective, heavy crude. Overall imports are up, though still below pre-Iran war levels. Supplies from Saudi Arabia have decreased.
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The report elaborated three possible scenarios with different timelines on opening the Strait of Hormuz and the subsequent impact on oil and gas supply, prices, energy demand and the broader global economy.
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India’s real estate sector requires Rs 50 lakh crore capital for growth over the next decade. Data centres, logistics, industrial real estate, and GCC-led office developments will attract significant long-term investment. Despite challenges, strong domestic demand and infrastructure investments will…
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Indian firms are shifting to contract and outsourced hiring. This change comes as companies reassess their workforce needs due to AI automation. Many organizations expect AI-related roles to dominate their future strategies. Demand for specialized tech talent, especially in cybersecurity…
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The Central Board of Direct Taxes has uncovered over 300 instances of individuals falsely claiming tax exemptions on agricultural income. These claims, amounting to Rs 2,038 crore, were made without any land holdings. Investigations reveal tactics like disguising capital gains…
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The Indian rupee saw its steepest gains in two weeks, rebounding against the dollar after significant central bank interventions. Talk of potential interest rate hikes also bolstered the currency, making it the strongest Asian performer. Despite underlying pressures, the rupee…
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