Trump sanctions fail to dent flow? India’s oil imports from Russia top cross 1 million barrels a day; show resilience

India’s imports of Russian oil are expected to cross 1 million barrels per day this December. (AI image) Donald Trump’s sanctions on Russian oil majors don’t seem to have deterred Indian refiners from procuring crude – though non-sanctioned – from Russia. India’s crude oil imports from Russia are showing resilience in December, days after Trump’s…

Read More

Air travel now runs on code: Inside the tech backbone reshaping airports

MUMBAI: As the global air travel industry becomes larger and more complex with each passing decade, airlines and airports are increasingly moving towards digitisation. From printed paper tickets that came in airline jackets, to home-printed e-tickets, to today’s digital boarding passes on mobile phones; from conventional check-in and immigration counters to biometric gates; and from…

Read More

iPhone chips to be made in India? Apple in talks with Indian chip manufacturers; why it’s significant

This is Apple’s first such evaluation of having specific chips assembled and packaged within India. (AI image) Apple iPhone chips may soon be assembled in India with the tech giant in early discussions with Indian chip manufacturers regarding the assembly and packaging of components for the iPhone. This development could represent a significant advancement for…

Read More

Trump’s H-1B visa crackdown: Why $100,000 fee will hit companies like TCS, Infosys — explained

The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…

Read More

Asian shares today: Market mixed after Trump ‘sanctioned Venezuela oil tankers’; oil prices jump over 1%

Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…

Read More

Rupee rebounds! Currency recovers on likely RBI intervention after opening at 91.07 vs US dollar; biggest single-day gain in 7 months

Capital outflow due to FII activity has been driven by geopolitical uncertainty. Rupee stayed under pressure on Wednesday, opening at a record low of 91.07 against the US dollar, down 0.05% from its previous close, before clawing back part of its losses, likely supported by intervention from the Reserve Bank of India (RBI), Reuters reported.The…

Read More