THE GOVERNMENT DOES not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver crude until March, a senior official said on Monday.
"Because there is a buying period, cargoes which are already in transit will come to us. So you will not see an immediate disruption. In the next two months, we do not anticipate a major problem because ships that are already in transit will come through," the official said, adding the period of 6-8 weeks is a window for producers as well as buyers to work out alternative arrangements.
This story is from the January 14, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 14, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Poised to drive Ukraine out of Kursk, says Russia
RUSSIA PREDICTED ON Thursday it would swiftly recapture the rest of its western Kursk region from Ukrainian troops who grabbed a foothold there last August.
SBI to Set Up AI, Fintech Project Finance Unit
State Bank of India is setting up a unit to manage project financing solutions for \"new age industries\" such as artificial intelligence, e-commerce and fintech, according to a senior executive.
Consumer durable firms...
\"THE INDUSTRY WAS prepared this year in terms of inventory to avoid supply issues,\" NS Satish, president of Haier Appliances India, said.
Microfinance needs structural reforms
Analysing its impact on poverty alleviation is only possible when grassroots data is collected; AI and data science hold the key to revolutionise the sector
RBI explores govt schemes to boost CBDC adoption
WITH THE USE of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital rupee.
FM to launch PM internship scheme app on Monday
To ensure higher participation for the PM internship scheme (PMIS), finance minister Nirmala Sitharaman will launch a dedicated PMIS app on Monday.
A Manufacturing Road Map
Over the past decade, the Union government has taken several steps to foster the manufacturing sector, which helps to create decent jobs, including through Make in India, the production-linked incentive (PLI) scheme, and reforms enhancing the ease of doing business, among others.
Intel Names Lip-Bu Tan as CEO
SHARES OF INTEL jumped the most in five years after the company named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
LG Electronics IPO gets regulator's nod
₹15,000-Cr Issue
Macro data fail to cheer indices
Caution with a negative bias could prevail for some time, say experts
