Wednesday, September 23
India’s crude oil imports from Russia climbed to their highest in nearly a year in June, as refiners stocked up amid tensions in West Asia, particularly the Israel-Iran conflict, reported PTI.According to data from Kpler, a global commodity tracking firm, India imported 2.08 million barrels per day (bpd) of Russian crude last month, the highest since July 2024.“While India's global imports of crude oil dropped by 6 per cent in June, Russian volumes saw an 8 per cent month-on-month rise to their highest levels since July 2024,” the Centre for Research on Energy and Clean Air (CREA) said in a note. “More than half of these imports from Russia were made by three refineries in India, which also export refined products to G7+ countries.”India depends on imports for over 85 per cent of
The IPO market is set for another active spell in the week beginning July 14, as three new issues prepare to hit the street across mainboard and SME segments. The combined fundraising target stands at over Rs 3,600 crore, led by a much-anticipated pharma listing and supported by consumer and manufacturing plays in the SME space.Investors will be watching the upcoming issues closely, particularly after last week’s strong retail and HNI participation in SME names like Cryogenic OGS and GLEN Industries. The grey market premiums (GMPs) and oversubscription trends have kept market interest high, especially in niche sectors and reasonably priced offerings.Apart from the new openings, seven listings including the one of Travel Food Services is scheduled next week.Here’s a look at the IPOs ope
India’s crude oil imports from Russia climbed to their highest in nearly a year in June, as refiners stocked up amid tensions in West Asia, particularly the Israel-Iran conflict, reported PTI.According to data from Kpler, a global commodity tracking firm, India imported 2.08 million barrels per day (bpd) of Russian crude last month, the highest since July 2024.“While India's global imports of crude oil dropped by 6 per cent in June, Russian volumes saw an 8 per cent month-on-month rise to their highest levels since July 2024,” the Centre for Research on Energy and Clean Air (CREA) said in a note. “More than half of these imports from Russia were made by three refineries in India, which also export refined products to G7+ countries.”India depends on imports for over 85 per cent of
