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Govt asks refiners for Russian oil import data
Financial Express Hyderabad
|January 03, 2026
INDIA IS ASKING refiners for weekly disclosures of Russian and US oil purchases, sources told Reuters, adding that they expect Russian crude imports to dip below one million barrels per day as New Delhi seeks to clinch a trade deal with Washington.
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India became the biggest buyer of discounted Russian seaborne crude following the 2022 outbreak of the Ukraine war. But those purchases have fuelled a backlash from Western nations, which have targeted Russia's energy sector with sanctions, arguing that oil revenues help fund Moscow's war effort.
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Financial Express Hyderabad
Indices log worst weekly fall in 3 months
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SP Group unit may face higher costs in fresh fundraising
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1 min
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Financial Express Hyderabad
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1 min
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Re falls 27 paise to close at 90.17 against dollar
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1 min
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1 min
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Financial Express Hyderabad
Fx reserves drop $9.8 bn, biggest dip in 14 months
FOREIGN EXCHANGE RESERVES recorded their biggest weekly drop in 14 months as the Reserve Bank of India (RBI) sold dollars to support a weakening rupee, analysts said.
1 min
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Financial Express Hyderabad
BCCL IPO subscribed eight times on first day
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1 min
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Financial Express Hyderabad
Gifting of MF units to minors will not lower tax liability
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2 mins
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