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OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher

India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher intake of

University College London (UCL) has announced a new scholarship scheme to enable 100 of India's brightest students to study in the UK as well as its first-ever Summer School for pre-university students in the country. UCL, one of the UK's leading universities, said on Tuesday that its new India Excellence Scholarships will support Indian students with an outstanding academic record to pursue full-time Master's degree studies at the institution. Want to know if you qualify for immigration? Click here For the 2024-25 academic year, 33 scholarships will be available for exceptional students who have or are on track to achieve a first-class degree. A further 67 scholarships will be awarded during the following two years. “We are delighted to be able to offer these new and diverse opportunities that both illustrate our ongoing commitment to Indian students and strengthen our connection with India,” said Dr Michael Spence, President and Provost of UCL. “Indian students are vital members of UCL's global community and we are dedicated to providing more resources and support to help the very best of them share their knowledge and expertise with us in the UK,” he said.

Tata Technologies Ltd, Flair Writing Industries Ltd, Fedbank Financial Services Ltd, Gandhar Oil Refinery India Ltd, and Indian Renewable Energy Development Agency Ltd. This has led to many questions about IPOs. Livemint answers questions like how to apply for an IPO, what to keep in mind while buying an IPO and more.

The latest US inflation report, showing that price increases slowed in October, suggests that the economy just might get the ‘immaculate disinflation’ that everyone is hoping for: Inflation will fall to its pre-pandemic levels and remain there, and the US will avoid a recession. Allow me to make the pessimist’s case that we’re not out of the woods yet. The sunnier view does have a lot going for it.

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Also Read: Stocks to buy: Hindustan Aeronautics, Bharat Dynamics among top defence stock picks by Choice Broking “We believe the sector should be looked as stock specific now considering runup in some stocks as well as growth concern in some stocks due to book to bill below 2.2x. We maintain PNC Infratech as our top pick, followed by HG Infra Engineering and NCC. We see limited upside potential in GR Infraprojects, KNR Constructions and Ahluwalia Contracts (India)," Phillip Capital said.

There’s nothing like a looming scheme meeting to put the cat among the pigeons.

Wall Street’s rally ran out of momentum, and stocks drifted lower a day after hitting their highest level since the start of August

Austan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested that the economy appears to be on what he calls the “golden path,” another term for what economists often term a “soft landing,” in which the Fed would curb inflation without ...

Minnesota, North Dakota and Montana and other northern states are making preparations to stop an invasion of wild pigs from Canada

Jefferies has upgraded Coal India (CIL) to buy following an investors call by the company on Tuesday. The US-based brokerage's optimism stems from the company's focus on volume growth, transformation in its coal evacuation infrastructure and employee reduction cost among other things. The stock was trading at Rs 333.50 on the NSE on Wednesday around 10:40 am, down by Rs 0.70 or 0.21% from the Tuesday closing price. Jefferies said in a note that Coal India's volume growth trajectory has improved and will likely sustain amid India's strong economic growth outlook and rising power consumption.

Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations.

Israel-Hamas war, the CEO of Tesla, Elon Musk on Wednesday said that X Corp will donate all proceeds generated from advertising and subscriptions on the social media platform related to the Gaza war to Israeli hospitals and the Red Cross in Gaza. In a post on social media platform X, Musk wrote, “We will track how funds are spent and go through Red Cross/Crescent.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says both the dominant segments where Tata Technology is involved are supposed to be exploding at this stage. Tata Technology will benefit from a credible management, fantastic track record, and a great parentage. The valuation at which it is coming is also very reasonable compared with its peers. The Tata Tech IPO will open on November 22 after a hiatus of almost 18 to 19 years from the Tata stable. The IPO price band has been decided at Rs. 475-500. Despite that, the implied valuation turns out to be around Rs 20,000 odd crore. Tata Tech's valuations are around 25 to 30 times forward earnings and that compares with an L&T Tech which is upwards of 35 times. KPIT Tech which is trading at 60 times forward earnings. Tata Elxsi is close to 65-70 times. What is your view on Tata Tech? Well, I am extremely positive.

Carbon-free electricity has never been more plentiful. Wind and solar power have taken off over the past two decades, faster than experts ever expected.

wealth creator for late billionaire investor Rakesh Jhunjhunwala, Titan, on Tuesday crossed ₹3 lakh crore in market value in a glittering testimony to the local consumer's swift ascent along the luxury gradient. In achieving this milestone, the one-time horologist became only the second company from the Tata Group to cross a valuation threshold earlier breached by Tata Consultancy Services (TCS). Titan is also the second company in the retail sector, after DMart's parent Avenue Supermart, to surpass this benchmark. The stock, which has witnessed a 26% surge in the past six months while overshadowing the 9% gain for the Nifty, is poised to sustain its upward trajectory and sustain its premium valuations, as the outlook remains robust. «Titan has an impressive track record of outperforming its peers as well as exceptional long-term growth potential, all of which justify its premium valuations,» said Pratik Prajapati, analyst at Motilal Oswal Financial Services.

Embattled gaming groups Crown Resorts and Star Entertainment are no strangers to merger talk with the latter having launched a $12 billion bid to bring Australia’s biggest casino operators together in 2021.

MUMBAI : At a time when investing in capacity expansion is seen as a strategy for long-term revenue growth, Steel Authority of India Ltd’s (SAIL) expansion plans appear to have made investors anxious. The worry is that the steelmaker’s expansion plans would lead to significantly higher capital expenditure (capex) thus keeping debt high in the coming years. This could explain why SAIL’s shares have underperformed so far in 2023, gaining 10% compared to 14% rise in the Nifty 500 index.