The oil stockpiles that cushion the world from supply shocks have become "scarily thin," putting markets at risk of worsening unless Hormuz reopens, according to the head of Aramco. When the US-Iran war began, the world had 10 billion barrels of reserves , that has fallen to less than 6 billion, he said.
Trentar Private Limited intends to invest ₹30,000 crore for a 500 MW green data centre park in Maharashtra. The company is assessing land options and aims to finalize evaluations within a month. An MoU with the Maharashtra government is expected to be signed soon. Permissions and approvals will be facilitated by the state government for the project under existing regulations.
Reports on Friday that plague had killed a 28-year-old woman named Darya Shipilova, who had been working for the anti-plague institute in Siberia's Irkutsk region, sparked alarm. The news outlet People of Baikal, citing sources close to the regional security services, said she may have contracted pneumonic plague from a broken test tube.
Prices for nuts and dry fruits have increased significantly this festive season due to supply issues. Sourcing challenges from key suppliers like Iran and Afghanistan have caused price surges. Additionally, rising freight costs and a weaker rupee have further impacted import charges for these products. Festive demand is expected to maintain upward pressure on prices in the coming weeks.
Amidst ongoing geopolitical tensions and global economic uncertainty, India is showcasing remarkable resilience, paving the way for enhanced leadership. This trajectory is supported by a steady growth in exports and robust foreign investment. However, the emergence of artificial intelligence necessitates urgent workforce training initiatives. Addressing both technical and non-technical skills in training programs will be vital for equipping future job seekers as the economy adapts to technological advancements.
The Defense Ministry said late Sunday that recent strikes on refineries in cities including Moscow, Yaroslavl, Ust-Luga, Perm, Saratov and Syzran had put 51% of Russia's oil refining capacity out of action. The claim could not be independently verified.
Diana Galvez Ortega, a 14-year-old girl, has been successfully located in Mexico after a lengthy investigation. Her father, Sergio Galvez Perez, has been apprehended and is facing multiple serious charges in California. This case gained attention after the tragic discovery of a deceased newborn, suspected to be Diana's child, in August. Thankfully, Diana is now safe and receiving care from local authorities in Mexico.
In a significant move, the central government is set to implement a consolidated goods and services tax registration system for businesses operating across multiple states. This innovative system will facilitate a single application process, minimizing the administrative challenges associated with multiple submissions. It is worth mentioning that small taxpayers under the composition scheme will not be eligible for this benefit.
More than 122,000 cases of Gatorade have been recalled across 37 states after the drinks were found to contain undeclared Yellow No. 5 and/or Yellow No. 6. The recall affects four 28-ounce flavors, with specific lots carrying dates from April through June 2027.
