The Indian basket of crude oil represents a derived basket comprising of sour grade (Oman & Dubai average) and sweet grade (Brent dated) of crude oil processed in Indian refineries in a ratio of 75.62: 24.38.
Two people aware of the developments said that irrespective of the quantity of Russian oil imports the crude basket price may not include their price as there is no benchmark price of the Russian crude variants.
The price of the Indian basket of crude oil is meant to largely represent the cost of the country's crude imports.
Given that discounted Russian supplies constitute a large part of the total imports, the actual cost of the imports would be lower than the price represented by the Indian basket.
Denne historien er fra January 22, 2024-utgaven av Mint Mumbai.
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Denne historien er fra January 22, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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IMAX India box office collections dip 36%
Ontario, Canada-based large-screen format cinema technology firm IMAX saw its India box-office collections fall by 36% in 2024, with Hollywood and local language films together delivering just $14.7 million in earnings.
Need for speed new priority as Centre trims road target
India plans to more than double the length of high-speed roads in the coming fiscal and target less of two- and four-lane highways, as the focus shifts to offering faster connectivity between key economic centres across the country.
JioHotstar, Nielsen partner for ad data
New OTT platform Jio-Hotstar, that emerged from the union of Jio Cinema and Disney+Hotstar, has tied up with global media audience measurement firm Nielsen to launch third-party verified advertising data starting with the upcoming edition of the Indian Premier League (IPL) cricket tourney, marking a major and long-pending shift towards transparency in digital ad measurement.
UK debuts £2.5bn steel plan after US tariff threat
The UK government debuted a new plan to protect jobs in the country's steel industry just days after US President Donald Trump threatened to introduce 25% tariffs on imports of steel and aluminium from all countries.
For influencers crowding Kumbh, the struggle is real
The social media opportunity of a lifetime—the Mahakumbh Mela in Prayagraj, which happens once in 144 years—has turned out to be a difficult one for the teeming army of influencers to convey footage from, especially when it comes to commercial videos shot for brands.
Plans afoot to curb misuse of Tapentadol, Pregabalin drugs
Both these are prescription drugs but government plans to curb their use as narcotics
Sebi plans to streamline asset claims
The markets regulator has proposed detailed guidelines to manage unclaimed assets and improve the return processes for investors to prevent misuse
The ₹10 beverage market is starting to get crowded
From buttermilk to fruit drinks and sparkling beverages, consumer companies are driving deeper into the market for ₹10 packs.
Startups Target Profitability, Ditching Growth-at-Any-Cost
Over the next two years, several early-stage startups in India are expecting to break even
Recent business books to add to your TBR list
Overwhelmed by the disruptions and disasters of the world of business? Take a deep breath and dive into these books
