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Reports indicate that Indian oil refineries have become the largest buyers of Venezuelan crude oil, filling the gap left by China due to U.S. pressure on Venezuelan oil sales. This increase in exports comes at a critical time for Venezuela, which is facing significant economic and political challenges.
Indian telecom giant Airtel has successfully raised $1 billion for its data center 'Nxtra Data' from a group of private investment firms, reflecting a growing global interest in India's data center sector.
Indian refineries have purchased approximately <strong>60 million barrels</strong> of Russian oil for April, easing supply concerns due to the ongoing Middle East conflict affecting oil flows. This deal comes at a time of rising oil demand driven by geopolitical tensions.
An Air India flight returned to Delhi after an eight-hour journey without reaching its destination, Vancouver, due to an operational issue regarding permits for entering Canada.
The Indian banking system recorded a significant liquidity shortfall of about <strong>659 billion rupees</strong> (equivalent to <strong>7.01 billion dollars</strong>) due to large tax outflows and currency market interventions. Conditions are expected to improve by the end of the month.