Category: Business

Business

India’s Russian oil import rebound in Oct after dip in previous quarter: Kpler data

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India’s Russian oil import rebound in Oct after dip in previous quarter: Kpler data

India’s crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd…

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Gold futures hit record ₹1.32 lakh/10g amid global worries

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Gold futures hit record ₹1.32 lakh/10g amid global worries

Gold prices surged by ₹2,442 to touch an all-time high of ₹1,32,294 per 10 grams in the domestic futures trade on Friday (October 16, 2025), driven by safe-haven demand as investors weighed deepening global economic uncertainties and expectations of monetary easing by the U.S. Federal Reserve. On the Multi Commodity Exchange (MCX), the yellow metal…

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Megha Engineering bags $225.5 million hydrocarbon project in Kuwait 

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Megha Engineering bags 5.5 million hydrocarbon project in Kuwait 

Megha Engineering and Infrastructures Ltd (MEIL), an Indian infrastructure company, said it has secured a $225.5 million (KWD 69.23 million) project from Kuwait Oil Company (KOC).  The project involves the design, construction, operation, and maintenance of a New Gas Sweetening and Sulphur Recovery Facility (NGSF) in the oil fields of West Kuwait.  It will be…

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Rupee rises 21 paise to 87.75 against U.S. dollar in early trade

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Rupee rises 21 paise to 87.75 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 21 paise to 87.75 against the U.S. dollar in early trade on Friday (October 17, 2025), supported by a softer American currency against major currencies and likely intervention by the Reserve Bank of India. Forex traders said renewed foreign fund inflows…

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Stock markets recover early lost ground; trade higher on foreign fund inflows

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Stock markets recover early lost ground; trade higher on foreign fund inflows

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday (October 17, 2025), helped by foreign fund inflows and hopes of U.S. Fed rate cuts. The 30-share BSE Sensex dropped 261.58 points to 83,206.08 in early…

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Business

Ola Electric rides beyond bikes; forays into battery energy storage systems for homes

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Ola Electric rides beyond bikes; forays into battery energy storage systems for homes

A file image of Ola Electric | Photo Credit: Reuters Ola Electric has on Thursday (October 16, 2025) announced its foray into Battery Energy Storage Systems (BESS) market, a segment that is expected to cross ₹3 lakh crore in value by 2030 from ₹1 lakh crore currently. The Bengaluru-based electric vehicle manufacturer has launched Ola…

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Next formal round of India-EU FTA talks not set, remaining issues need continuous discussion: Commerce Secretary

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Next formal round of India-EU FTA talks not set, remaining issues need continuous discussion: Commerce Secretary

In this image posted on October 12, 2025, Commerce Secretary Rajesh Agrawal during a meeting. | Photo Credit: PTI Negotiations on the free trade agreement (FTA) between India and the European Union are facing issues relating to market access, regulatory cooperation and agricultural sensitivities, The Hindu has learnt. Separately, Commerce Secretary Rajesh Agrawal said that…

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Rupee jumps 21 paise to close at 87.87 against U.S. dollar

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Rupee jumps 21 paise to close at 87.87 against U.S. dollar

Image for representation only | Photo Credit: Getty Images Rising for the second straight session, the rupee surged 21 paise to close at 87.87 (provisional) against the U.S. dollar on Thursday (October 16, 2025), buoyed by a softer American currency against major currencies and renewed risk-on sentiment among investors. Forex traders said that likely intervention…

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