Business

India’s state-run refiners will likely continue buying Russian crude via traders, sidestepping new US sanctions on Rosneft and Lukoil. These public sector units procure oil through independent European and Asian intermediaries, not directly from sanctioned entities. However, private giants like Reliance Industries, with direct contracts, may face sourcing challenges.

OnlyFans has become the world’s most revenue-efficient company, generating $37.6 million per employee. The UK-based platform allows creators to monetize exclusive content directly from fans, reporting $1.41 billion in net revenue for fiscal year 2024. This success stems from its asset-light model, relying on user-generated content and a lean workforce.

The UK has implemented significant hikes for expedited immigration services, including sponsorship management and licence applications, effective October 21. These increases, impacting corporate sponsors and educational institutions, aim to streamline processes and fund faster adjudication. The changes align with a broader strategy to attract skilled workers while managing costs.

India’s export strategy needs a long-term focus on technology, cost efficiency, and domestic production amidst a global economic slowdown. Experts emphasize lowering production costs, simplifying regulations, and fostering foreign technology partnerships alongside reverse engineering to boost competitiveness and address trade deficits.

Good news for bank customers! From November 1, 2025, you can nominate up to four individuals for your accounts, either simultaneously or in succession. This move by the Finance Ministry aims to streamline claim settlements across banks, offering greater flexibility and clarity for depositors and their chosen beneficiaries. Specific share allocations can also be designated.

Russia has criticized the Trump administration’s new sanctions on its oil firms, stating they are counterproductive to peace efforts in Ukraine and that the nation is immune to such restrictions. President Trump expressed frustration over a lack of progress in diplomatic talks with Vladimir Putin, hoping the sanctions on Rosneft and Lukoil would be short-lived.