While China has continued adding to its strategic petroleum reserves during the war, processors have increasingly relied on refinery-held inventories rather than fresh imports, according to Kpler. (Representational Photo/AFP)
Posted in Business

China’s oil imports plunge to eight-year low on war disruptions

China’s buying of oil from overseas slumped to the lowest in more than eight years last month, as the Iran war crimped supply and Beijing…

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Posted in Economy

India’s biggest trade bet comes with six red flags

India’s free trade agreement playbook is expanding rapidly, but a new report suggests the results are becoming harder to celebrate. As New Delhi pursues trade…

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Ather board to consider fresh fundraise on June 12
Posted in Startups

Ather board to consider fresh fundraise on June 12

Electric two-wheeler maker Ather Energy‘s board will meet on June 12 to consider raising fresh capital, the company said in an exchange filing. The fundraising…

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Paytm plans 10% staff increase in AI pivot, to lay off 400
Posted in Startups

Paytm plans 10% staff increase in AI pivot, to lay off 400

Fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network…

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Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details
Posted in Startups

Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details

Quick commerce platform Zepto has disclosed in its updated draft red herring prospectus that cofounders Aadit Palicha and Kaivalya Vohra received a summons from the…

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Posted in Economy

Fitch cuts FY27 growth projection to 6.4%; US-Iran war to slow down economy

New Delhi: Fitch Ratings on Tuesday lowered its GDP growth projections for the current fiscal to 6.4 per cent from the earlier estimate of 6.7…

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A security personnel with a sniffer dog keeps vigil as people walk out of the Bombay Stock Exchange building in Mumbai. (PTI)
Posted in Business

Sensex jumps over 300 points at open as markets rebound after Monday’s selloff

Indian equity benchmarks opened sharply higher on Tuesday, recovering from the steep losses recorded in the previous session as investors returned to risk assets amid…

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Posted in Economy

Indian Envoy Vinay Kwatra meets US corporate and tech leaders to boost AI and supply chain ties

Washington DC: India’s Ambassador to the US, Vinay Mohan Kwatra, held a series of high-level engagements with top corporate and technology leaders to discuss investment…

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Posted in Economy

India is France’s official partner for VivaTech next week, positioning itself as global leader in AI, digital innovation

India is set to make a defining presence at Viva Technology (VivaTech) 2026 in Paris as the Official Partner Country, reaffirming its position as a…

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Posted in Economy

Indian economy, government finances, see mounting costs from Iran war

A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies….

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