Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report

India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…

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Semiconductor push: PM Modi inaugurates Micron’s Sanand chip plant; see pics

Photo credit- PTI Prime Minister Narendra Modi inaugurated Micron Technology’s semiconductor facility at Sanand in Gujarat, asserting that India is now expanding its global identity beyond software into hardware manufacturing as it seeks a larger role in the global semiconductor value chain.The US-based company’s ATMP (Assembly, Testing, Marking and Packaging) plant, the first such facility…

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U.S. sanctions network that allegedly laundered $800 million in crypto for North Korea

The U.S. Treasury Department imposed sanctions on six individuals and two companies it says helped North Korea convert $800 million in 2024 into crypto to launder the money and fund its weapons of mass destruction (WMD) programs. The Treasury’s Office of Foreign Assets Control (OFAC) said Thursday that the operation placed IT workers into foreign…

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Europe’s Attempt To Play The US And China Could Backfire

When Shein opened in Paris, showrooms drew queues and protests. Shoppers sought cheap fashion, while small businesses and activists pushed back over pricing and product concerns. After a year of controversies, the company will face European lawmakers on January 27 over pricing, sustainability and inappropriate products. The timing is awkward. As EU lawmakers prepare to…

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Iranian Oil Sanctions: US may unsanction 140 million barrels of Iranian oil to cool prices as Gulf war shakes energy markets

File photo: US treasury secretary Scott Bessent (Picture credit: AP) The Trump administration is considering lifting sanctions on around 140 million barrels of Iranian oil currently stranded on tankers in a bid to boost global supply and cool surging crude prices, as the war in the Gulf continues to hammer energy infrastructure and disrupt shipping…

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India tightens drug safety net, brings blood components under uniform standards | India News

NEW DELHI: In a major move to strengthen patient safety, India has, for the first time, brought blood components used in transfusions under uniform pharmacopoeial standards, tightening regulatory oversight of blood banks and transfusion services nationwide. The step is accompanied by stricter quality specifications for widely used medicines—from tuberculosis and diabetes drugs to cancer therapies—aimed…

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