Latest News, Updates & Breaking Headlines
The stock market’s weekly movement left a split outcome for India’s most valued companies, with only four of the top 10 firms recording gains even as the remaining six together lost Rs 91,685.94 crore in market capitalisation.Reliance Industries delivered the strongest performance of the week, adding Rs 47,431.32 crore to its valuation. With this rise,…
NEW DELHI: The ministry of external affairs on Thursday announced that some of the Indian companies have received licenses for importing rare earth magnets from China. During a weekly press briefing, MEA spokesperson Randhir Jaiswal said, “Some Indian companies have received licenses for importing rare earth magnets from China. We have to look at how…
NEW DELHI: India on Thursday responded to the latest US sanctions on Russian oil companies, saying it is “studying the implications” of the move, while reaffirming that its energy sourcing decisions are guided by national interests and the need to ensure affordable energy for 1.4 billion people.Speaking during the weekly press briefing, MEA spokesperson Randhir…
Dalal Street made notable gains last week, as the combined market capitalisation of seven of the country’s ten most valued companies surged by Rs 1,55,710.74 crore in a holiday-shortened trading week.The BSE Sensex advanced 259.69 points, or 0.30%, last week, with the benchmark hitting a 52-week high of 85,290.06 on Thursday.Reliance Industries and Tata Consultancy…
Elon Musk launched a fiery tirade against the proxy advisory firms that recommended shareholders reject his massive $1 trillion pay package. During Tesla’s quarterly earnings call on Wednesday (October 22), the Tesla CEO labelled them “corporate terrorists”, saying that they have made terrible recommendations in the past.“I just don’t feel comfortable building a robot army…
Three India-based companies were among 45 entities sanctioned by the European Union (EU) on Thursday for their alleged links to the Russian military.The three Indian firms named in the EU statement are Aerotrust Aviation Private Limited, Ascend Aviation India Private Limited and Shree Enterprises, news agency PTI reported. The sanctions form part of the EU’s…
India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…
Chinese President Xi, left, and US President Donald Trump China on Thursday strongly criticised the latest US sanctions imposed on Russia’s two largest oil companies, Rosneft PJSC and Lukoil PJSC, calling the move “unilateral” and “lacking any basis in international law.“Addressing a daily press briefing in Beijing, foreign ministry spokesman Guo Jiakun said, “China consistently…
Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…
India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…
