Monday, September 14
Indian refiners are awaiting government directions on whether to continue buying Russian oil after the United States decided to impose fresh 25% tariffs on Indian goods over New Delhi's energy ties with Russia, four industry sources said.The new duties, aimed at penalising India for its Russian oil imports, come on top of existing tariffs Washington has levied to fix its trade deficit with the South Asian nation.India said the latest U.S. action is "unfair, unjustified and unreasonable.""So far, we have not been told anything by the government, so we will not stop Russian oil imports," said an official from a private refining company.India, the world's third-largest oil importer and consumer, relies on Russian oil for more than a third of its oil needs.While state refiners have paused impo
Reliance Power shares have tumbled 31.5% over the past month, including a 5% slide on Tuesday that triggered a third consecutive lower circuit. The selloff, fueled by heightened regulatory scrutiny of group companies and deteriorating technical indicators, has pushed the stock well below key moving averages, raising urgent questions for investors navigating both legal risk and market fragility.The renewed selling pressure comes as Anil Ambani, chairman of the Reliance Group, appeared before India’s Enforcement Directorate (ED) on Tuesday in New Delhi. The questioning relates to a widening probe under the Prevention of Money Laundering Act (PMLA), centered on an alleged Rs 17,000 crore loan fraud involving Reliance Home Finance Ltd, Reliance Commercial Finance Ltd, and Reliance Communicat
