Business

Bangladesh is exploring a proposal to refine Russian crude oil in India before importing the finished fuel, aiming to ease supply pressures from the West Asia conflict. The Energy and Mineral Resources Division has requested approval to discuss a government-to-government agreement with India, as its local refinery cannot process Russian crude.

TCS has extended 25,000 job offers to fresh graduates for FY27, with future hiring contingent on market demand. The IT giant, which hired 44,000 freshers last year, is maintaining its delivery model and focusing on project needs. CEO Krithivasan described the demand pipeline as stable, with early signs of recovery in client spending across various

Piped Natural Gas (PNG) is set to replace LPG cylinders across Delhi-NCR as Indraprastha Gas Ltd (IGL) accelerates its expansion. Driven by energy supply disruptions and government push, IGL aims to significantly increase PNG connections, targeting households, commercial establishments, and even police stations. This move enhances energy security and reduces import dependence.

Foreign investors are continuing their significant sell-off in Indian stocks, withdrawing over Rs 48,000 crore in early April. This follows a record Rs 1.17 lakh crore exit in March, driven by global uncertainty and escalating West Asian tensions. Analysts cite rising crude oil prices and a weaker rupee as key concerns, with some Asian markets

India’s electronics industry is seeking continued government support with a proposed PLI 2.0 scheme to boost mobile production and exports. Aiming to capture 30-35% of global mobile output by FY31, the industry projects annual manufacturing to reach $110-130 billion. This expansion hinges on sustained incentives to maintain competitiveness against China.

Global crude oil markets are in a frenzy as a severe shortage drives intense competition for prompt deliveries. Physical oil prices have surged to unprecedented levels, with buyers vastly outnumbering sellers. This scramble, fueled by reduced Middle Eastern flows, is forcing refiners to consider scaling back operations, potentially worsening fuel shortages.