BSNL and Numaligarh Refinery Limited (NRL) have partnered to launch India’s first 5G Captive Non-Public Network (CNPN) in the refinery sector. This collaboration, announced at the Industry 4.0 Workshop in Guwahati, aims to enhance operational efficiency and drive innovation using cutting-edge technologies.
Harsh Goenka mocked Donald Trump’s suggestion of Pakistan selling oil to India, deeming it highly improbable. Trump claimed a deal with Pakistan to develop its ‘massive’ oil reserves, potentially leading to sales to India. However, Pakistan’s proven reserves are significantly smaller than India’s, and it heavily relies on oil imports, making Trump’s scenario unlikely.
Global tech companies like Meta and Google are increasing hiring in India. This happens even as Indian IT firms slow down recruitment. FAAMNG companies added over 28,000 jobs in the last year. They seek talent in AI and cloud computing. Indian firms face skill mismatches. Companies focus on AI, cybersecurity, and cloud technologies.
Indian businesses are worried about potential order cancellations from American clients due to the new 25% duty on Indian goods, exceeding rates for competitor nations. During discussions with Minister Piyush Goyal, sectors like textiles, steel, and agriculture requested support, including an Export Promotion Mission and US market assistance.
Last week witnessed a significant downturn for most of the top 10 highest-valued firms, with a collective market value reduction of Rs 1.35 lakh crore, influenced by a decrease in the BSE benchmark. TCS and Bharti Airtel experienced the most substantial losses, while Reliance Industries, HDFC Bank, and Hindustan Unilever bucked the trend, recording gains…
Amidst potential US penalties and EU sanctions, India faces a complex challenge in its Russian oil trade. A shift away from discounted Russian crude could inflate India’s import bill by billions, impacting refiners and potentially destabilizing retail fuel prices. Despite claims, India continues to procure Russian oil, balancing economic factors with international norms.
India significantly increased crude oil imports from the US in early 2025, with a surge in the April-June quarter. This growth extends to LNG and LPG, supported by strong diplomatic ties. However, this trade relationship faces challenges as President Trump announced tariffs on India, citing trade imbalances and ties with Russia.
Donald Trump’s new tariff policy is creating economic problems worldwide. Countries face high import taxes unless they agree to new trade deals with the US. Experts say everyone will lose, including US consumers. Some nations are negotiating, but still face higher tariffs. Lawsuits are challenging Trump’s authority. US businesses and consumers will likely pay more…
Berkshire Hathaway’s second-quarter profit plummeted 59% to $12.37 billion, impacted by a $3.76 billion writedown on its Kraft Heinz investment. Despite this setback, operating profit only marginally decreased to $11.16 billion, surpassing Wall Street expectations. While Buffett confirmed his eventual CEO departure and BNSF showed strong performance, the company’s substantial cash reserves remain untouched due…
