India has become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude, according to data from analytics firm Kpler. Europe’s reliance on Indian crude oil products has grown since the ban on Russian oil. Europe’s refined fuel imports from India are set to surge above 360,000 barrels a … Read more
India and Russia will explore the potential of accepting RuPay and Mir cards in each other’s countries to facilitate payments in the midst of Western sanctions on Moscow. During the high-level Internal Governmental Commission meeting on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC), both countries talked about and decided to investigate the possibility of accepting these … Read more
Wadia Group controlled ultra-low cost Go First Airlines filed for voluntary insolvency before the National Company Law Tribunal on Tuesday after facing acute financial troubles. The Airlines also cancelled all flights on 3, 4 and 5 May, causing DGCA to issue a show cause notice to it. The airline blamed the “faulty” Pratt & Whitney engines used … Read more
The Adani Group is developing an integrated data centre and technology business park in Visakhapatnam to boost local technology ecosystem in the region. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs, according to a statement from the … Read more
The Election Commission of India has made all preparations to welcome voters to the biggest festival of democracy that any nation has witnessed, the elections to the 18th Lok Sabha and Legislative Assemblies in four states that starts off tomorrow with Phase 1. On this occasion, the Commission also reiterates its uncompromising commitment to deliver a free, fair, peaceful, accessible, … Read more
Amazon Web Services (AWS) on Thursday announced it plans to invest USD 12.7 billion (Rs 1,05,600 crore) in cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India. This investment is estimated to contribute USD 23.3 billion (Rs 1,94,700 crore) to India’s total gross domestic product (GDP) by 2030, … Read more
On the 29th of June, the Board of Executive Directors of the World Bank approved $1.5 billion in financing to India. Its aim is to accelerate India’s development of low-carbon energy. It will help India promote low-carbon energy in three separate ways. First, with more finance at its disposal, India will scale up and accelerate the pace … Read more
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed on Friday. Simply put, vostro accounts enable domestic banks to provide international banking services to clients who have global banking needs. In a written reply … Read more
As hard as it is to believe, we were able to write 9 articles in a series titled How Prime Minister Modi hacks EVMs (all listed at the end of this article) without even touching upon the huge and epochal events that have unfolded in his 10 years as PM. The scale of his trail-blazing decisions is … Read more
The Bengaluru Water Supply and Sewerage Board (BWSSB) has fined 407 people in the city for using potable water for gardening and washing vehicles. A fine of Rs 20.3 lakh was collected from these people in the city that has been facing acute water scarcity for the last 2 months. Notably, since 10th March, a fine of … Read more