India, the world's third-largest oil consumer, spent 2.5 billion euro on buying crude oil from Russia in September, 14 per cent less than the previous month, a European think tank said. India remained the second-largest buyer of Russian fossil fuels in September behind China, according to the Centre for Research on Energy and Clean Air (CREA).
Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned 724 million euros (about Rs 6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report. "From January 2024 to the end of January 2025, the US imported EUR 2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude.
India, the world's third largest oil consuming and importing nation, spent 112.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday. The Centre for Research on Energy and Clean Air (CREA) released a report on payments to Russia for fossil fuels since February 24, 2022. "According to our estimates, since the beginning of the war, Russia earned EUR 835 billion in revenue from fossil fuel exports," it said.
India, the world's third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022.
Leading FMCG maker HUL said that it has received a demand notice of Rs 962.75 crore from the Income Tax Department and will go in for an appeal against the order. The notice relates to non-deduction of TDS on payment of Rs 3,045 crore to GlaxoSmithKline Consumer Healthcare (GSKCH) for the acquisition of Intellectual Property Rights of the Health Foods Drinks (HFD) business consisting of brands as Horlicks, Boost, Maltova, and Viva, according to a recent exchange filing.
Notably, Ukrainian forces disabling bridges across the Dnipro river and attacking Russian supply lines made it very difficult for Russia to defend the occupied territory.
With this, Italy becomes the first European country to block the advanced Artificial Intelligence software, which is capable of emulating and elaborate human conversations among other actions.
Kremlin spokesman Dmitry Peskov briefly admitted that Russia had suffered a 'significant' loss of its troops in Ukraine, calling the casualties 'a huge tragedy' for the country in an interview with Sky News.
Bajaj Finance was the top loser in the Sensex pack, tanking over 10 per cent, followed by Axis Bank, Maruti, M&M, Tech Mahindra and ONGC. The gainers included ITC, Bharti Airtel, Kotak Bank and Hero MotoCorp.
The mention of the word 'family' in the Italian chargesheet into the AugustaWestland scam has raised eyebrows.
Working while studying is an incredible way to build your professional network, learn hands-on experience, and understand the global working environment, suggests Ajay Sharma, president and founder, Abhinav Immigration Services.
Rediff.com takes a look at the minimum taxi fare in other big cities around the globe on a day when auto rickshaw and taxi fares have been hiked in Mumbai
A summary of sports events and sports persons, who made news on Tuesday
India will host a new European Tour event in February, the Avantha Masters in New Delhi worth 1.5 million euros ($2.15 million). It will be the first tournament of a joint venture between the European Tour and the Asian Tour, to be known as EurAsia Golf.
Forex trading is the act of trading currencies from different countries against each other. Forex is acronym for foreign exchange.
The experienced Alegre brothers -- Ramon and David -- are among the leading Spanish hockey players who have signed up to be a part of the Hockey India League Players' Auction to be held next month.
Brazil's 1970 World Cup winners contained more gifted individuals than Spain's current all-conquering national side, the Brazilian side's greatest player Pele said on Wednesday.
French Finance Minister Christine Lagarde on Tuesday became the first woman to head the International Monetary Fund after its executive board chose her over Mexican central bank governor Agustin Carstens.
Tata Motors-owned Jaguar Land Rover plans to set up an engine manufacturing facility in India in order to meet the demand in the country.
The Nifty too gained 136 points, at 4,971.
Indian golfer Gaganjeet Bhullar on Monday moved up to fourth in the latest Order of Merit after his fifth Asian Tour victory at the Indonesia Open.
Aegis, the global outsourcing services arm of Essar Group, on Thursday announced its plans to enter the UK and European markets for the first time, creating 600 new jobs in Manchester.
The Chennai facility will continue to service Indian and non-European markets. In July 2009, Hyundai India's managing director H S Lheem had said the company was planning to move production to Turkey, the Czech Republic or Slovakia.
Many are turning to the lower end of the market among India's 1.2bn population where they expect rural incomes to be recession-proofed with government support.
Former U.S. Secretary of State Henry Kissinger, architect of President Richard Nixon's detente with China, faced a new diplomatic challenge on Monday -- helping craft a U.S. bid to host the soccer World Cup.
Here comes a trend that presents great opportunities for the country's legal eagles.
The British Council invites registrations for the Cambridge Key English Test and Preliminary English Test.
Firstsource, which operates from two bases in Northern Ireland, is among a growing number of Indian companies like HCL, polaris, PixTransmission and Tech Mahindra who have chosen to set up offices in the region.
Flush with surplus capital and liquidity, European banks are increasingly looking for potential acquisition targets in India among other emerging economies.
With references to politicians and bureaucrats coming up in the chopper scam trial in Italy, the Defence Ministry is expected to seek clarifications on the issue from alleged middleman Guido Haschke during the next hearing of the case there.
Airtel said the amount will be used for refinancing its existing loan portfolio.
In efforts to move towards a cashless society, the Reserve Bank on Wednesday said it will come out with a concept paper on promoting electronic payments, especially in smaller towns, by November-end.
Anirban Lahiri was voted the 2014 'Players' Player of the Year' after a successful season on the Asian Tour, where he won two titles and finished second on the Order of Merit.
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
Delhi opener Shikhar Dhawan struck an unbeaten 91 as the Indians beat Ireland by eight wickets and entered the final in the EurAsia Cup.
Rudra Pratap Singh and Vikram Rajvir Singh bowled out the United Arab Emirates for a paltry 70 and gave India 'A' a 126-run victory in the EurAsia Series.
An fine all-round performance by Sajeeva Weerakon helped Sri Lanka get the better of Ireland by 87 runs in the EurAsia Cup.
Striker Robbie Fowler has rejoined Liverpool on a free transfer until the end of the season
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