China beats Elon Musk's 'Jesus-level technology' to launch world's first commercial brain chip
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India steps up Russian oil buying; crude imports from Moscow rise in May: Report
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Hardeep Singh Puri says India has over 60 days of crude, gas stocks; rules out any energy supply crunch
India assures ample energy supplies, with over 60 days of crude oil and natural gas reserves. Domestic LPG production has significantly reduced import reliance, ensuring 75-80 days of stock. Despite global price hikes due to the Iran conflict, India has kept domestic fuel prices stable, even seeing a slight decrease due to excise duty cuts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1l50NtZ >
Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit
The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. “We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore,” said Amit Ganorkar, MD & CEO, Tata AIG General. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1CJq3d >
India central to EY’s AI strategy: Truncale
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Countries protecting domestic industries, India no exception: Piyush Goyal on global trade
India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to innovation and long-term global integration. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Pz8luKm >
Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels
Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Brent crude rose to $95.40 and WTI to $92.63 a barrel. Iran's IRGC warned any vessel attempting to transit the strait would be targeted amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/VxGNLS2 >