Category: Business

Business

Russia imports record fuel from India as Ukraine strikes hit refineries

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Russia imports record fuel from India as Ukraine strikes hit refineries

Russia imported a record 172,000 tonnes of oil products in August, including gasoline refined from Russian crude at a refinery in India that is partly owned by Russia’s Rosneft, as Ukrainian drone strikes disrupted Moscow’s domestic refining capacity, according to a report by the Centre for Research on Energy and Clean Air (CREA). India supplied…

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Senior living market can grow into a $10.1 bn prospect: ASLI-JLL

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Senior living market can grow into a .1 bn prospect: ASLI-JLL

The organised senior living sector reached 25,050 dwelling units as of June 2026. File | Photo Credit: Getty Images/iStockphoto India’s senior living market is expected to become a $ 10.1 billion opportunity by 2030, requiring $ 7.7 billion capital investment to meet new supply under a policy-driven scenario, according to a ASLI-JLL report “India’s Silver…

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Business

How sanctioned ships are heading to Alang for recycling

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How sanctioned ships are heading to Alang for recycling

Gas cutting workers busy in dismantling ships at Shri Ram Group plot at the Alang Ship Breaking Yard. | Photo Credit: The Hindu During its blockade of Venezuela in December of last year, the U.S. government sought to seize several tankers that were calling on Venezuela. Among them was Marinera, which the U.S. pursued for…

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RBI rejects Tata Sons’ application to surrender NBFC licence, asks for immediate listing

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RBI rejects Tata Sons’ application to surrender NBFC licence, asks for immediate listing

As per a 2022 circular, Tata Sons, among other large NBFCs, was asked to get listed by September last year based on RBI’s scale-based regulation. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has rejected Tata Sons’ application to surrender its Non-Banking Finance Company (NBFC) licence, saying the application ‘cannot be acceded to’….

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Business

India’s car leasing market poised for growth as SMEs, corporates embrace employee mobility

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India’s car leasing market poised for growth as SMEs, corporates embrace employee mobility

Car leasing in India is gaining traction beyond large corporates, with small and medium enterprises (SMEs) in tier-2 and tier-3 cities increasingly leasing vehicles for employees engaged in sales and service functions. However, the market remains at an early stage of development compared with developed economies and markets such as Thailand. “The car leasing industry,…

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India’s newest Maharatna refiner eyes East, Northeast domination after expansion

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India’s newest Maharatna refiner eyes East, Northeast domination after expansion

NRL is also called the Assam Accord Refinery because its establishment was incorporated as a promise in the 1985 agreement that ended a violent six-year agitation to eject undocumented foreigners from the State. (Photo: www.nrl.co.in) Numaligarh Refinery Limited (NRL), India’s newest Maharatna company, hopes to dominate the fuel market in Eastern and Northeastern India after…

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BRICS treads carefully on de-dollarisation: Finance track talks payments, not a common currency

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BRICS treads carefully on de-dollarisation: Finance track talks payments, not a common currency

For a bloc that has spent years fuelling speculation about challenging the dollar’s dominance, the formal position enunciated in a joint statement after the meeting of Finance Ministers and central bank Governors of BRICS nations remains more cautious than the rhetoric of some of its members. There is no mention of a common BRICS currency…

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Audi embarks on 2.0, eyes to double market share in three years in India

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Audi embarks on 2.0, eyes to double market share in three years in India

German luxury car maker Audi is embarking on its 2.0 in India to regain lost ground and double its market share from the current 8% in the segment in three years. “We are heading towards a very, very exciting time for the coming years. We are bringing one of the strongest product offensives. We would…

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Business

Rodic earmarks ₹3–5 crore for potential startup investments through InfraAI challenge

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Rodic earmarks ₹3–5 crore for potential startup investments through InfraAI challenge

Rodic Consultants, in partnership with Nasscom and Startup India, has launched the Rodic InfraAI Innovation Challenge 2026, seeking startups that can use artificial intelligence to solve problems in infrastructure and public-service delivery. The challenge, running till November 2026, is focused on four areas, such as the India Energy Stack; roads, bridges and tunnels; climate-resilient infrastructure;…

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