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Red Sea-Somali piracy shakes shipping industry, international trade

Shippers face 25% higher cost due to rerouting

Maldives govt suspends 3 ministers for 'derogatory remarks' against PM Modi

All three had made scathing remarks about Prime Minister Narendra Modi visiting Lakshadweep. The government is currently trying to make the Union Territory a major tourism destination

Canada-based Brookfield Asset Management to buy ATC India in $2 bn deal

Brookfield to become largest manager asset in India, beating Indus Towers

USOF may be enlarged and used to boost telecom equipment manufacturing

Live since October 2022, the TTDF aims to fund R&D in rural-specific communications technology applications and develop the telecom ecosystem

Merchant vessel with 15 Indian crew hijacked near Somalian coast: Navy

India sends a stealth guided-missile destroyer and patrol aircraft to monitor ship

Gail signs deal with Vitol to secure 1 mn MT of LNG annually for 10 years

The deal is significant as it is the first of a series of agreements being pursued by Gail to diversify its imports beyond Qatar, aiming to avoid disruption in supplies

Reliance Jio gained 3.15 mn users in October; Vi lost 2.04 mn: Trai

Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 0.35 million, much lower than the 1.32 million users the company added in September

India has no problem in making payment for Russian oil: Hardeep Puri

Puri, who is in charge of the Petroleum and Natural Gas Ministry, said India enjoys a buyers' position and foreign oil suppliers are making offers to its companies

Govt launches 9th round of oil, gas blocks for bidding, ONGC wins big

In the ninth bid round, 28 blocks, with an area of approximately 136,000 square kilometres, are on offer for bidding

India's oil demand growth expected to remain strong in FY24: Analysts

Forecast of higher demand come amid industrial slowdown fears in China

Airtel Africa names Sunil Taldar CEO, Olusegun Ogunsanya to retire in July

Ogunsanya will retire on July 1, 2024, after a 12-year-long stint in the company. He had run the Nigeria Operations of the Telecommunications and mobile money company for nine years before Airtel

Govt to audit rising spot purchase of crude, House panel flags costly buys

The Committee has recommended that the Ministry should conduct an audit to see whether the purchases in spot tenders have actually resulted in cheaper costs

Import more crude grades to cut basket price: Parliamentary panel

India currently imports about 50 grades of crude oil in a year

Vi shares rise 22% to 1 yr high as company nears fundraising deadline

The company has said multiple times that any new funding by banks will be used for the deployment of capital expenditure, and not to roll over existing dues

5G near airports? DGCA to ask all airlines to upgrade radio altimeters

This precaution is due to the potential interference of 5G emissions with radio altimeters (RAs) on airplanes

Refined petroleum products export rise 32% to 5.6 MMT in November: PPAC

Exports in the April-November period also increased, rising 2.7 percent to 40.8 MMT. This was due to a rise in the outbound shipment of vacuum gas oil

India to begin FTA talks with Russia-led economic bloc in Jan: Jaishankar

India, Russia to step up discussions on an investment pact, multiple connectivity routes

Jaishankar-Lavrov talks to focus on trade in national currencies, banking

Hydrocarbon development in the Arctic Shelf and Russian Far East to be discussed, Russian Foreign Ministry has said

India's battle against scam epidemic: Govt, telcos tackle rising frauds

In this part of the year-end series, we unravel the web of tele-frauds and spams

India on lookout for major global labour arrangements for skilled workers

Govt in discussion with several countries to send skilled workers