Russia Jumps to Fourth as India’s Oil Supplier: Tanker Data

Russia became India’s fourth-largest oil supplier in April, with volumes set to rise further in the coming months as low prices boost demand from the world’s third-largest oil consumer and importer, tanker tracking data showed. Russia’s share of India’s oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up […]

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US hopes India will reconsider wheat export ban

India, the world’s second-largest wheat producer, has banned wheat exports to check high domestic prices amid fears wheat production will be hit by searing heatwaves India, the world’s second-largest wheat producer, has banned wheat exports to check high domestic prices amid fears wheat production will be hit by searing heatwaves The US hopes India will […]

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IndiGo ‘abused passengers’, norms flouted: DGCA on airline denying boarding to child with special needs

The DGCA issues a notice of apparent cause to the airline after the fact-finding team of 3 completes the investigation The DGCA issues a notice of apparent cause to the airline after the fact-finding team of 3 completes the investigation Days after an uproar over IndiGo denying boarding to a passenger with special needs on […]

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Hyundai is working with Tata Power to build an electric vehicle charging infrastructure

Hyundai, through its dealers, will provide the space and necessary regulatory approvals, while Tata Power will operate and maintain the charging stations Hyundai, through its dealers, will provide the space and necessary regulatory approvals, while Tata Power will operate and maintain the charging stations Hyundai Motor India announced on May 17 that it has partnered […]

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Sensex climbs 363 points in early trade amid positive signals from Asian markets

Among Sensex companies, the biggest gainers in early trading were Tata Steel, Reliance Industries, IndusInd Bank, Larsen & Toubro, ICICI Bank and Maruti Among Sensex companies, the biggest gainers in early trading were Tata Steel, Reliance Industries, IndusInd Bank, Larsen & Toubro, ICICI Bank and Maruti Benchmark indices continued to climb Tuesday, with the Sensex […]

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Intel shareholders reject compensation packages for top executives

Around 1.78 billion votes were cast against board remuneration at the annual meeting. Around 1.78 billion votes were cast against board remuneration at the annual meeting. Intel Corp shareholders rejected compensation packages for top executives, including a payout of up to $178.6 million to Chief Executive Officer Pat Gelsinger, a regulatory filing showed on Monday. […]

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No taxes on $6.38 billion transaction with Adani Group, says Holcim

On May 15, 2022, Holcim signed a binding agreement with Adani Group to sell its business in India On May 15, 2022, Holcim signed a binding agreement with Adani Group to sell its business in India Swiss building materials group Holcim has said its $6.38 billion deal with Gautam Adani’s group is tax-free. Holcim had […]

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New York-based Compass opens its third technology development center in India

Bengaluru Compass Inc., a New York-based real estate technology aggregator, opened its third Indian Development Center (IDC) in Gurugram. The new state-of-the-art innovation and technology hub would leverage engineering talent in the country to create innovative solutions using data, AI, ML and cloud, the company said in a press release. Compass already has two IDCs […]

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