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कोशिश गोल्ड - मुक्त

IOC says it continues to buy oil from Russia

Financial Express Kochi

|

August 19, 2025

STATE-OWNED DOWNSTREAM MAJOR Indian Oil (IOCL) on Monday said it continues to purchase Russian crude oil in the current quarter, depending upon the economics.

- ARUNIMA BHARADWAJ

However, the company noted that discounts on Russian barrels have narrowed significantly to just $1.5-2 per barrel.

The comments come at a time when India faces the risk of a 50% tariff from the US. Washington has already announced an additional 25% tariff on the country for continuing to buy Russian oil. In the first quarter of FY26, Russian oil accounted for 24% of IOCL's total imports, up from 22% in FY25.

Financial Express Kochi से और कहानियाँ

Financial Express Kochi

Tejas fighter jet crash hits India’s export ambitions

THE CRASH OF TEJAS fighter in front of global arms buyers at the Dubai Airshow is the latest blow to a key national trophy, leaving the jet reliant on Indian military orders to sustain its role as a showcase of home-built defence technology.

time to read

1 min

November 24, 2025

Financial Express Kochi

Premium for ‘experience’ widens in realty projects

Branded developers rake it in with the promise of quality

time to read

1 mins

November 24, 2025

Financial Express Kochi

When tech comes calling

THE TUMULTUOUS CHANGES taking place in the hospitality industry in the context of AI intervention calls for recognition of the new realities for managing the business. It is not an easy task to have AI engaged at every level in the business. Traditionally managed by multitudes of grey-collared personnel, if leaders can get the human-AI partnership work for all, it could be a game-changer.

time to read

2 mins

November 24, 2025

Financial Express Kochi

Meta pulled up for hiding mental health harm claims

US COURT FILINGS ALLEGE

time to read

3 mins

November 24, 2025

Financial Express Kochi

Pulses imports plunge 45% in April-October

IMPORTS OF PULSES have contracted in the eight months through October as domestic production improved, reports Saikat Neogi.

time to read

1 min

November 24, 2025

Financial Express Kochi

Agritech funding plunges over profitability concerns

INDUSTRY EXPERTS EXPECT REVIVAL IN 2026

time to read

2 mins

November 24, 2025

Financial Express Kochi

LNG import bill declines 13% to $8 bn in Apr-Oct

EXPENSE EASES

time to read

1 mins

November 24, 2025

Financial Express Kochi

Qualcomm’s pitch for PC upgrade wave

INDIAN ENGINEERING IS at the heart of Qualcomm’s new Snapdragon X2 Elite and Extreme chips, which will power next-generation Windows PCs in the coming months.

time to read

1 mins

November 24, 2025

Financial Express Kochi

Purple Ascent

HOW ALATE-NIGHT IDEA TURNED INTO A BEAUTY POWERHOUSE, TAKING THE PERSONAL CARE PLATFORM FROM A SIX-MEMBER LOFT OFFICE TO A DATA-DRIVEN GIANT

time to read

4 mins

November 24, 2025

Financial Express Kochi

States’ capex likely grew 10% in April-October

CAPITAL EXPENDITURE BY state governments likely grew 10% on-year in the first seven months of the current financial year, but revenue expenditure growth was a modest 4% during the period.

time to read

1 mins

November 24, 2025

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