India’s ONGC plans to invest between $18 and $20 billion on new oil and gas drilling to strengthen the country’s energy security, the Economic Times has reported, citing unnamed sources. The money will be used to hire drilling rigs for what is seen as the biggest drilling campaign ever, the report noted, adding that the…
The DSSP is used by over 300 financial institutions and serves 22 million users. Credit: Sutthiphong Chandaeng/ Shutterstock.com. Alkami Technology has announced an expansion of its Global Capability Center (GCC) in India, strengthening its engineering and data resources. The move comes as banks and credit unions in the US increase efforts to upgrade their digital banking infrastructure. Access deeper industry…
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Global brewers in India are warning of price increases and possible supply disruptions as the war involving Iran hits gas supplies, glass bottle production, and aluminum can inputs, according to Reuters on March 24. The pressure is landing just as India enters its peak summer beer sales season Reuters reported that the Brewers Association of…
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Indian refiners have struck deals for the purchase of some 60 million barrels of Russian crude oil, to be delivered in April, Bloomberg reported today, citing unnamed sources familiar with the developments. The cargoes were snapped at premiums of between $5 and $15 per barrel, the sources noted, suggesting the thirst for Russian oil in…
India is facing mounting pressure as leader of the BRICS group to steer the bloc toward taking a firmer stand on the Iran conflict, putting New Delhi’s diplomacy to the test. Source link
Indian refiners are increasingly settling purchases of Russian oil in alternative currencies, according to people familiar with the matter, as they seek to reduce reliance on the dollar amid rising geopolitical tensions and shifts in US policy. Source link
