NEW DELHI/MOSCOW: Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13…
Bank account nominees have the authority to access deposits, articles, or locker contents following the accountholder’s death. (AI image) New bank account, bank locker rules soon! The Banking Laws (Amendment) Bill received approval in the Lok Sabha on December 3, 2024, introducing provisions for account holders to designate up to four nominees for their savings…
A breakthrough above 24,700 could trigger significant upward movement, say market experts. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Thursday. While BSE Sensex was above 81,600, Nifty50 was above 24,650. At 9:29 AM BSE Sensex was trading at 81,626.05, up 100 points or 0.12%. Nifty50…
Axis Securities is bullish on private hospital chains. It has ‘buy’ recommendations on the stocks of Fortis Healthcare (Target Price: Rs 860; +20%), Max Healthcare Institute (TP: Rs 1,315; +18%) and Healthcare Global Enterprise (TP: Rs 575; +14%), mainly based on expected high growth rate for the sector in the next three years.Emkay Global has…
Jyotiraditya Scindia (PTI file photo) Telecom minister Jyotiraditya Scindia has said that support to the mobile industry will continue as govt wants at least four-five players to back up the country’s digital infrastructure. Also, amid a debate around satellite communications and entry of new players such as Elon Musk’s Starlink, the minister said satcom services…
Nirmala Sitharaman (Agencies photo) NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday advised industry to realign its supply chain factoring in political and strategic considerations to ensure that there was no concentration of risks, a statement that appeared to be aimed at China.“When you talk of supply chains, when you want to restore supply chains…
Gautam Adani (PTI file photo) MUMBAI: Following US securities and wire fraud allegations, Adani Ports and Special Economic Zone, led by Gautam Adani, has withdrawn from a financing arrangement with a US agency for a Sri Lankan port terminal project, opting instead to utilise its own resources. In light of the US indictment, securing loans…
MUMBAI: Instant delivery is the new way of life. After grocery and a host of other non-grocery household supplies, 10-minute delivery is fast becoming a fad in the food space. Taking competition directly to the doors of Zomato and Swiggy, Zepto is launching a separate app for quicker deliveries of food, branded as Zepto Café,…
EPFO members will have the capability to access their provident funds through ATMs. Provident Fund withdrawal from ATMs soon? Come 2025, you may be able to withdraw your provident fund directly from ATMs. The Labour Ministry is modernising its information technology infrastructure to deliver better services to the country’s substantial workforce.EPFO members will have the…
IndiGo vs Air India: Industry analysts predict that passengers will benefit significantly from this competition. (AI image) IndiGo, India’s largest carrier, plans to introduce business class seating, challenging Air India’s dominance in the premium travel segment. This represents a significant departure from IndiGo’s previous model of operating exclusively economy-configured aircraft focused on providing cost-effective travel…
