Wednesday, September 09
MOSCOW -Saudi Arabia and India were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July, traders said and LSEG data shows. Since the European Union's full embargo on Russian oil products took effect in February 2023, Middle Eastern and Asian countries have become the main destinations for Russia's fuel oil and VGO supplies. Direct fuel oil and VGO shipments from Russian ports to Saudi Arabia totalled about 1.1 million metric tons in July, little changed from June, shipping data showed. Most of the cargoes were destined for power plants because Middle Eastern countries typically burn crude and high-sulphur fuel oil (HSFO) for energy generation between June and August, when air conditioning demand spikes. Russian dark oil products loadings to India ros
Indian crypto platforms appear to be thriving in a regulatory grey zone coupled with lower taxes and extreme leverage in the futures & options segment, Zerodha founder and CEO Nithin Kamath said in a tweet on Tuesday, expressing his surprise over the kind of popularity crypto F&O has achieved."I hadn’t realised how popular crypto F&O has become. These Indian crypto platforms seem to be thriving in a regulatory grey zone, and because of lower taxes and extreme leverage in derivatives," Kamath tweeted, pointing to The Economic Times article.The ET story describes how crypto futures trading has whizzed past spot deals across all local exchanges offering derivatives of virtual digital assets (VDAs). In India's discreet, and sometimes furtive world of cryptocurrencies, a new story
The National Stock Exchange of India (NSE) has entered the global top 10 list of exchanges for the first time, securing the ninth spot in Brand Finance’s latest “Exchanges 10 2025” report.The UK-based consultancy firm attributed the ranking to the exchange's robust performance in IPO fundraising, index-related business, and derivative markets.In 2025, NSE’s brand value climbed 39% to USD 526 million, marking a major milestone for India’s leading stock exchange. This rise reflects an increase in revenue projections, a booming IPO market, and strong derivatives performance. In FY2023–24, the exchange’s revenue grew 25% YoY to Rs 14,780 crore (USD 1.78 billion), while net profit rose 13% to Rs 8,306 crore (USD 1 billion).NSE’s fundraising momentum also played a significant rol
Network outages were reported across all service providers in Jammu and Kashmir on Tuesday due to damage to optical fibres at multiple places amid heavy rainfall, officials said. Technical teams have been despatched to locate the faults and rectify them, they said. Officials said calls are not going through and mobile internet has stopped working across all network service providers due to "fiber cuts at multiple locations". Fiber services and landline services on state-owned BSNL were also down. The outage caused problems among people as mobiles showed no signals, they said. Telecom operators said it was a network issue due to "multiple fibre cuts" at various places, including in Jammu, Srinagar as well as Shimla. "We will try to restore the network and services as fast as possible," they
Bengaluru-based space start-up Pixxel Space is launching three more hyperspectral earth imaging satellites onboard SpaceX's Falcon-9 rocket on Tuesday night, marking the completion of the first phase of Firefly -- India's maiden private earth imaging satellite constellation. Hyderabad-based Dhruva Space is also launching its first commercial LEAP-01 mission carrying payloads from Australia-based Akula Tech and Esper Satellites onboard the Falcon-9 rocket from the Vandenberg Space Force Base in California. Pixxel had launched the first set of three Firefly satellites in January and the additional three satellites would mark the completion of the first phase of the constellation, creating a six-satellite network in the sun-synchronous low earth orbit at 550 km. Each compact approximately 50-
