India’s Reliance Industries, operating the largest refining complex globally, will stop importing Venezuelan oil due to a new 25% U.S. tariff on countries purchasing crude from Venezuela. Reliance, which imports about 2 million barrels monthly, might still receive an April cargo. The tariff threat has already slowed Venezuelan heavy crude loading at main ports.
NSE IPO closes with 5.71x subscription, bids cross Rs 90,000 crore
Investor enthusiasm surged on the final day of the National Stock Exchange’s landmark IPO, with qualified institutional buyers oversubscribing their segment by more than twelve