oil imports

Record buys from Russia, stocking up on crude: How India is managing its oil supply amid Hormuz closure, US-Iran conflict

India’s state-owned refiners have already lined up sufficient crude supplies for roughly two months. (AI image) US-Iran war: India, importing around 90% of its crude needs, is stocking up on oil even as hopes of the Strait of Hormuz reopening completely stay. India has diversified its crude oil procurement, and stepped up imports in a…

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Stock Market Live Updates Today: BSE Sensex over 450 points up, crosses 77,200; Nifty50 above 24,150 as US-Iran peace talks progress, oil prices slip marginally

Stock Market Live Today: Asian shares rally Asian equities moved higher on Monday after Iranian negotiators indicated that discussions with the United States had made headway, easing concerns that the fragile peace process was at risk of collapsing. Supporting the positive sentiment, officials from Qatar and Pakistan issued a joint statement saying that the opening…

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Gold, Silver Rate Today Live Updates: International gold, silver prices rebound on US-Iran peace talks

Gold, Silver Rate Today Live Updates: Apart from geopolitical developments, investors will monitor the People’s Bank of China’s policy decision on Monday, preliminary manufacturing and services PMI readings from major economies, US housing data, Personal Consumption Expenditures (PCE) inflation figures and consumer sentiment data. Statements from Federal Reserve officials will also remain under scrutiny as…

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Govt starts work on steps to increase domestic resilience

NEW DELHI: Wiser from the experience of disruptions caused by the war in West Asia, govt departments have started work on a series of measures to increase domestic resilience and reduce vulnerabilities caused by shocks, whose frequency has increased in recent years.From identifying 100-150 items for import substitution, to boosting the production of active pharamceutical…

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Why IT firms are moving beyond token maxxing

BENGALURU: As enterprises race to deploy GenAI, a new challenge is emerging for IT firms: token maxxing. Tokens-the units consumed whenever large language models process information-have become the fundamental currency of AI. But after an initial wave of experimentation, IT services companies are increasingly warning that relentless token consumption without measurable business outcomes could become…

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After initial rush, semaglutide therapy market saddled with 100cr excess stock

NEW DELHI: The much-hyped weight-loss and semaglutide therapy market has hit an early speed bump. Sluggish sales of semaglutide therapies in May have raised fears of inventory-led losses, with industry estimates pegging the value of excess stock in the trade channel at around Rs 100 crore, sources told TOI.At present, stockists and wholesalers are holding…

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India’s digital sector faces competition, policy and tech challenges despite strong growth outlook

India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying competition, evolving regulations, cybersecurity threats and rapid technological change, India’s digital connectivity industry is expected to remain a major growth engine, but companies operating in the sector will have to navigate intensifying…

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