Lost Russian oil revenue is bonanza for shippers, refiners
Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.
Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said.
Analysis: Indian private refiners profit from cheap Russian crude as state refiners suffer
There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices.
Unilever faces fresh pressure over margins as it backs down on M&A
Unilever (ULVR.L) warned of a big hit to profit margins this year as it struggles to pass on higher costs to consumers, and ruled out major acquisitions after investor criticism of its failed pursuit of GlaxoSmithKline’s consumer health business.
Explainer: How Amazon’s battle with Reliance for India retail supremacy became a legal jungle
For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to the U.S. firm’s rival Reliance Industries (RELI.NS) – with no end in sight.
Big Tech’s push into India’s financial sector raises concerns, says central bank
Plans by Big Tech to foray further into India’s financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said.
Indian shares set to snap 4-day gaining streak, Reliance earnings eyed
Indian shares stepped back on Friday after four straight sessions of gains that set them on course for their strongest week since early-February, with earnings of Reliance Industries, the country’s most valuable company, in focus. The NSE Nifty 50 index (.NSEI) fell 0.78% to 14,778.9 by 0349 GMT, while the benchmark S&P BSE Sensex (.BSESN) slipped 0.84% to 49,345.57. […]
From Amazon to Tata, industry steps up to combat India’s coronavirus crisis
Sachin Ravikumar, Nivedita Bhattacharjee, Chris Thomas Global and Indian firms are flexing their industrial muscle to help the world’s second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths. Amazon.com (AMZN.O), Intel (INTC.O) and Google, as well as Indian firms Tata Sons, Reliance Industries (RELI.NS) and JSW […]
