Business News

Business

Indian Refiners Face $14.3 Billion Export Risk Amid EU's New Sanctions on Russian Oil

The EU's new sanctions on Russian oil could jeopardize $14.3 billion of Indian petroleum exports to the EU, impacting refiners who have benefited from processing discounted Russian...

Business

Indian Contract Manufacturers Expand Globally: Seizing Opportunities in Tariff-Driven Supply Chain Shifts

Indian electronic contract manufacturers are expanding globally through acquisitions and partnerships, capitalizing on tariff-related supply chain shifts. Companies like Amber Grou...

Business

Microsoft Reinstates IT Services to Russia-Backed Indian Oil Refinery Nayara Energy Post EU Sanctions

Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy after a legal dispute arising from EU sanctions. The restoration allows Nayara to resume criti...

Business

August 2025 Bank Holidays: State-wise Closure Dates and Key Festivals Affecting Banking Services

August 2025 bank holidays include national and state-wise closures due to festivals like Independence Day, Janmashtami, and Ganesh Chaturthi. Plan your banking visits accordingly t...

Business

EU Sanctions Shake Russia-Backed Nayara Energy: Refinery Faces Operational Hurdles and Contract Terminations

Nayara Energy, a Russia-backed Indian refinery, faces operational and contractual challenges due to EU sanctions, including shipping contract terminations and IT service suspension...

Business

GSK Reports a Robust £8 Billion in Q2 Sales with Specialty Medicines Leading the Charge

GSK plc announced a 1% year-over-year sales increase to £8 billion in Q2 2025, with Specialty Medicines driving growth. Earnings per share and operating profit also saw significant...

Business

Santander Surges Ahead: Q2 Profits Climb 7% to €3.4B Amid Global Uncertainties

Banco Santander SA reports a 7% rise in Q2 profits to €3.4B, with a 12.8% increase in first-half profits to €6.8B, showcasing resilience amidst global uncertainties.

Business

Rio Tinto Reports a 22% Drop in Net Earnings to $4.5B in First Half of 2025 Amid Market Challenges

Rio Tinto faces a 22% drop in net earnings to $4.5B in H1 2025, with stable sales revenue at $26.9B. CEO highlights operational resilience and diversification as key to overcoming ...