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INDIAN ECONOMY
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Premiums for Russian crude have narrowed sharply to about $1-$2 a barrel for December cargoes from $12-$13 a barrel under October contracts, a Bharat Petroleum Corp official said on Monday, signaling that Urals crude is being priced cheaper following the easing of US sanctions. Yet, this may not immediately a...
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By Tanvi Praveen & Vishishth Malhotra
While exporters face regulatory hurdles in accessing the Chinese market, the Indian industry is dependent on China for raw materials & intermediate inputs. China’s non-tariff barriers have brought these vulnerabilities into focus, write Tanvi Praveen & Vishishth Malhot...
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GLOBAL CORPORATE
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Anthropic has submitted a registration statement on Form S-1 to the Securities and Exchange Commission for its proposed initial public offering of Class A common stock. The company plans to list the shares on the Nasdaq Global Select Market under the ticker symbol “ANT.” The number of shares and the price ran...
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GLOBAL ECONOMY
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INDIAN CORPORATE
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Indian Overseas Bank (IOB) on Monday reported a 56% year-on-year jump in net profit to ?1,912 crore for the second quarter of FY27. It was supported by strong growth in core interest income, lower operating expenses and a sharp de...
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JSW Energy‘s target of adding 3 gigawatts (GW) of renewable energy capacity in FY27 is within reach, according to leading brokerages, although the company must commission another 1.6 GW in the second half of the financial year to ...
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Tata Communications plans to invest $400-450 million (up to around Rs 4,300 crore) to build a nearly10,000-km long-haul fibre network connecting key artificial intelligence (AI) and data centre hubs in India, betting on rising dem...
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Cipla’s profit declined 35% year-on-year (YoY) to Rs 877.54 crore in Q2FY27, from Rs 1,351.17 crore reported in Q2FY26.
Cipla’s revenue from products stood at Rs 7,368.15 crore, down 1.06% from Rs 7,447.42 crore reported in Q2F...
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