Govt not considering buying crude oil in rupees from Russia: MoS
India has no plans to pay in rupees for the Russian oil its public sector companies buy, Parliament was informed on Monday.
India buys less than one per cent of its total oil imports from Russia. But western sanctions against Russia for its invasion of Ukraine have given way to talk of a rupee trade for the oil and gas purchases. Read more
Inox Leisure shares jumped 11.33 per cent to settle at Rs 522.90 apiece on the BSE. During the day, it zoomed 19.99 per cent to its 52-week high of Rs 563.60.
Sea's e-commerce unit Shopee to shut India operations
E-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India's retail market just months after starting operations there, the second pullback this month in an overseas expansion drive, as the loss-making firm faces a weak growth outlook.
The withdrawal, effective beginning March 29, comes weeks after its e-commerce arm Shopee said it was pulling out of France and after India banned Sea's popular gaming app "Free Fire". Read more
Nationwide strike hits banking, public transport services across India
Banking and public transport services were thrown out of gear in West Bengal and Kerala on Monday as thousands of workers began their two-day nationwide strike against various policies of the government.
While essential services mostly remained unaffected, banking services in different parts of the country were partially impacted and there were reports of workers staging protests at several places across states. Read more