Trump’s sanction impact? Reliance announces halting Russian crude imports for exports; effective December 1

[ad_1] Reliance Industries on Thursday announced that it stopped importing Russian oil for processing at its export-only refinery in Jamnagar, Gujarat from November 20. The company, according to PTI, said that from December 1, all exports from its only-for-exports facility will be produced exclusively from non-Russian oil.Reliance, India’s largest buyer of Russian crude, processes the…

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Steel sector norms: Government extends exemption from quality compliance; here’s the next deadline

[ad_1] The government has postponed the implementation of mandatory quality standards for certain imported steel and stainless-steel products until March 2026, in order to secure the supply of crucial steel items. Quality Control Orders (QCOs), which prevent non-BIS-compliant steel from entering the country, had earlier seen certain exemptions. The Ministry of Steel had allowed specified…

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TCS-TPG joint data venture: $2 billion investment planned for HyperVault AI Data Centres; Tata Group targets AI leadership

[ad_1] Tata Consultancy Services (TCS), India’s largest software exporter, is set to launch a multi-billion dollar joint venture with private equity firm TPG to create AI and sovereign data centres, sources close to the matter said. The move marks a strategic shift for TCS, which has historically favoured a capex-light, organic growth model, as it…

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New chapter for India and Israel! ToR signed for deeper economic partnership; free trade agreements next

[ad_1] India and Israel have moved a step closer to a deepen their economic partnership, as the two nations signed the Terms of Reference (ToR) in Tel Aviv on Thursday, formally launching negotiations for a Free Trade Agreement. The document was endorsed by commerce and industry minister Piyush Goyal and Israel’s economy and industry minister…

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