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EU sanctions on Russia oil: Indian refiners to be hit; $14.3 billion worth of exports could be at risk

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against Russia, prohibiting imports of refined products derived from Russian crude oil from third countries, whilst exempting Canada, Norway, the US, the UK and Switzerland.The impact…

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Who is Mira Murati? Former OpenAI CTO who rejected Mark Zuckerberg’s $1 billion offer to join Meta AI | World News

Mira Murati, the Albanian-American tech visionary behind some of the most significant breakthroughs in artificial intelligence, is once again in the spotlight—this time for turning down an eye-watering $1 billion offer from Meta CEO Mark Zuckerberg. As the former CTO of OpenAI and now the founder of the AI startup Thinking Machines Lab, Murati has…

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Reliance Consumer Products in talks to acquire Baidyanath’s Shunya drinks; to invest Rs 8,000 crore in beverages: Report

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned by Baidyanath Group’s Naturedge Beverages, according to executives familiar with the matter, quoted by Economic times. Launched in 2018 by Siddhesh Sharma, a third-generation heir…

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UAE and Saudi Arabia break into global top 20 for AI talent, surpassing Italy and Russia | World News

Saudi Arabia and UAE climb global AI charts with strong talent growth/ Representative Image TL;DR The UAE and Saudi Arabia now rank in the top 20 countries for AI talent, ahead of Italy and Russia. Saudi Arabia is offering world-leading AI salaries, long-term research incentives, and building AI cities. The UAE is focusing on fintech,…

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Troubles mount! Russia-backed Indian oil refinery reels from EU sanctions blow; Nayara faces new challenges as shippers look to end contracts

Nayara Energy, operates India’s third-largest refinery and supplies petroleum products both domestically and internationally. (AI image) EU sanctions on Russia oil have started causing troubles for Russia-backed Indian refinery Nayara Energy. After news of shipping operators showing reluctance to work with Nayara and Microsoft’s abrupt suspension of IT services for the company, it has come…

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8.7-magnitude earthquake and tsunami hit Pacific Rim: What triggered the disaster across Russia, US, and Japan | World News

Earthquakes and tsunamis remain among the most devastating natural disasters on the planet, especially for countries located along the Pacific “Ring of Fire.” Russia, the United States, and Japan face elevated seismic risks due to their positions on active tectonic boundaries. A recent 8.7-magnitude quake off Russia’s Kamchatka Peninsula on July 29, 2025, reignited global…

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Tata Motors looks to buy Italian truck maker Iveco; deal likely at $4.5 billion – set to be Tata group’s second biggest acquisition

The last significant acquisition by Tata Motors was Jaguar Land Rover (JLR), purchased for $2.3 billion in 2008. In its biggest acquisition ever, Tata Motors is preparing to acquire Italian truck manufacturer Iveco from the Agnelli family, its main shareholder, for $4.5 billion (3.9 billion). The last significant acquisition by Tata Motors was Jaguar Land…

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Hack alert: St Paul hit by coordinated digital attack; Minnesota calls in National Guard

Minnesota called in the National Guard after a “deliberate, coordinated, digital attack” hit the city of St Paul, severely disrupting public services and forcing a complete shutdown of municipal information systems.St. Paul Mayor Melvin Carter confirmed during a press conference on Tuesday that the city had initiated a full shutdown of its information systems as…

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Indian contract manufacturers go global: Firms capitalise on tariff-led supply gaps; analysts flag ROI risks

Indian electronic contract manufacturers are expanding globally through acquisitions and strategic partnerships to gain access to clients in the US, Europe, and other international markets. They are capitalising on supply chain disruptions triggered by tariff-related shifts, particularly those involving China. These companies are leveraging the current trade environment to acquire technologies and capabilities that would…

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