India-UAE energy ties boost: ADNOC and HPCL seal $2.5 billion gas deal; New Delhi to receive half a million tonnes of LNG annually

India and the United Arab Emirates sealed a major energy partnership with a long-term liquefied natural gas agreement worth more than $2.5 billion, the Emirati government announced on Monday. The deal was signed by ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company, and Indian oil giant Hindustan Petroleum Corporation Ltd. Under the…

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Wanted: Fresh graduates with AI, data skills

BENGALURU: Volume hiring is giving way to skills-led recruitment as tech firms narrow fresher intake to specialised roles. Even as entry-level hiring slows, companies are offering packages ranging from Rs 16 lakh to Rs 55 lakh for niche fresher roles, underscoring how skills are increasingly trumping volume. Firms are wooing select freshers with higher pay…

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Rating agencies to zoom in on IPO funds’ end-use

MUMBAI: Monitoring the end-use of IPO proceeds is set to become more stringent, with the regulator likely to allow rating agencies to directly update stock exchanges with data on compliance with end-use norms by the companies.Currently, Sebi mandates equity issuers to appoint a credit rating agency to monitor most equity issues, excluding offer-for-sale where the…

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RBI revises priority sector norms to include NCDC

MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks. The move is expected to open new channels of credit for cooperatives, particularly those engaged…

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India Inc gears up to deal with sanctions risk

NEW DELHI: A volatile geopolitical environment and global supply-chain disruptions are pushing India Inc to rethink its risk priorities. Sanctions risk has emerged among the top business threats, prompting domestic companies to increasingly seek assistance from legal and accounting firms to manage its immediate and disruptive impact. For companies, sanctions exposure is no longer a…

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