Business
Reliance Industries has resumed imports of Venezuelan crude oil after receiving approval under a US sanctions license, allowing limited transactions with the sanctioned South American energy sector. Reliance Venezuelan Oil Import Details The company secured permission under a regulatory framework that allows specific energy trade with Venezuela despite broader sanctions.
Business
State Bank of India (SBI) has become the fourth most valued listed company in India after its market capitalisation surpassed that of Tata Consultancy Services (TCS) during recent trading sessions. SBI Market Capitalisation Surpasses TCS The surge in SBI’s share price lifted its valuation ahead of TCS, marking a shift in the ranking of India’s […]
Business Finance
Kotak Mahindra Bank clarified that it has not submitted a bid for IDBI Bank, responding to market speculation about potential participation in the government’s ongoing disinvestment process. The statement was issued to address reports suggesting the private lender was evaluating an acquisition proposal. Kotak Mahindra Bank Denies IDBI Bank Bid The bank said it has […]
Business
Ride-hailing drivers associated with app-based platforms including Uber, Ola and Rapido announced a strike on February 7, which is expected to affect cab availability in several Indian cities. Driver groups said the protest is aimed at highlighting earnings and commission concerns with aggregator companies. Uber Ola Rapido Drivers Strike Demands Driver unions stated their
Business Finance
The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged in its first monetary policy decision after the Union Budget, maintaining its cautious approach amid moderating inflation and steady economic growth signals. RBI Repo Rate Decision After Budget The Monetary Policy Committee decided to hold the repo rate steady, signalling continuity in its […]