NEW DELHI: The Supreme Court’s ruling on the telecom AGR matter empowers the Union Cabinet to review the entire gamut of issues related to the recovery of thousands of crores of rupees from the beleaguered Vodafone Idea when it comes to demands of duplicate payments, double counting, interest, and penalty on interest. Estimates put the…
NEW DELHI: India’s largest oil refiner and fuel retailer, IndianOil, on Monday said it will comply with international sanctions, without referring to the latest US curbs on Rosneft and Lukoil — two of the largest Russian crude exporters.“We will abide by all sanctions imposed by the international community,” company chairman Arvinder Singh Sahney said but…
US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) NEW DELHI: India’s oil imports from the US has risen to their highest level since 2022 in October, underlining bargain hunting by Indian refiners rather than a structural shift amid Washington’s onslaught against New Delhi over purchase…
India’s rare earth push hits new roadblocks (ANI) India’s Rs 7,300 crore plan to boost domestic production of rare earth minerals and magnets could face serious setbacks after China tightened export controls on key machinery and materials used in their processing. The new restrictions threaten to slow India’s drive for self-reliance in producing components that…
The European Union’s latest package of sanctions on Russia has opened new avenues for Indian businesses to expand trade with Moscow, according to the Moscow-based Indian Business Alliance (IBA).On October 23, the Council of the European Union adopted its 19th round of restrictive measures targeting key Russian sectors—including energy, finance, and defense — in response…
NEW DELHI: Consumer affairs department, in a draft notification, has proposed that every e-commerce company selling imported products must provide a “searchable and sortable filter” for “country of origin” with their product listings. This proposed change in the Legal Metrology Rules is aimed at helping consumers make quick choices as per their preference.TOI on July…
Lenskart IPO: Eyewear retailer Lenskart is set to make its stock market debut, with its initial public offering (IPO) opening for subscription on October 31 and closing on November 4.Lenskart, founded in 2008, operates over 2,500 stores across India, the Middle East, and Southeast Asia, and has evolved into a global omnichannel eyewear retailer.The listing…
US crude oil imports to India surged due to economic factors, including a favourable arbitrage opportunity. (AI image) In a move that is possibly aimed at reducing trade issues with the Donald Trump administration, India has stepped up its crude oil imports from the US substantially. Crude imports in the month of October have hit…
The American economy may look healthy on paper. Wall Street is roaring, Silicon Valley is buzzing with AI optimism, unemployment is steady, and GDP is rising. But billionaire investor Ray Dalio says this apparent prosperity hides a deeper imbalance. The US, he argues, is becoming dangerously dependent on a small, highly productive elite, while the…
A small group of Tesla mechanics in Sweden has spent two years on the picket lines in a rare and escalating confrontation with one of the world’s most powerful carmakers. Around 70 workers at Tesla’s service centres walked out in October 2023, demanding that the company sign a collective bargaining agreement — a cornerstone of…
