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‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs; will buy via non-sanctioned suppliers

Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent…

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Sugar crash: US candy retailer CandyWarehouse.com goes bankrupt weeks before Halloween | Business

Major US candy company CandyWarehouse.com, based in Sugar Land, Texas, has filed for Chapter 11 bankruptcy protection just one week before Halloween, the biggest candy selling day of the year. The filing, submitted on 24 October 2025 in the US Bankruptcy Court for the Northern District of Texas, revealed the retailer’s grim financial standing: assets…

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Industrial output: India’s factory growth steady at 4% in September; infra, manufacturing shine amid weaker mining output

India’s industrial production growth remained steady at 4 per cent in September 2025, supported by a stronger manufacturing performance, according to data released by the National Statistics Office (NSO) on Tuesday. The factory output, measured by the Index of Industrial Production (IIP), was higher than the 3.2 per cent growth recorded in September 2024.The NSO…

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EaseMyTrip co-founder Prashant Pitti’s NBFC Optimo Capital raises Rs 150 crore in funding

MUMBAI: Optimo Capital has raised Rs 150 crore ($17.5 million) in series A funding, led by founder Prashant Pitti along with existing investors Blume Ventures and Omnivore, the company said on Tuesday. Around 4.8 crore small-business owners (75% of total) don’t have credit-history, making it difficult for them to access large-ticket business loans from banks/NBFCs….

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ISA Summit 2025: President Droupadi Murmu says India to lead solar innovation by 2050; calls for women-led green growth

File photo: President Droupadi Murmu (Picture credit: ANI) India is working not only to achieve its clean energy goals but also to emerge as a global hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange by 2050, President Droupadi Murmu said on Tuesday.Addressing the 8th Session of the International Solar Alliance…

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Service sector added 40 million jobs in 6 years; employment share rises to 29.7%: NITI Aayog

India’s services sector is fast emerging as a powerhouse of job creation, with its share in total employment climbing from 26.9 percent in 2011–12 to 29.7 percent in 2023–24, according to two new NITI Aayog reports. “Services employment share rose from 26.9 percent (2011-12) to 29.7 percent (2023-24),” the report said, according to ANI.The two…

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Agriculture boost: Cabinet clears NBS rates for Rabi 2025-26; Rs 37,952 crore subsidy to ensure affordable fertilisers

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for the Rabi season 2025-26 on Phosphatic and Potassic (P&K) fertilisers.The decision was announced by Union minister Ashwini Vaishnaw at a cabinet press briefing held on Tuesday. The approved rates will be effective from October 1, 2025, to…

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