12 C The Times of India
Elections 2026Business / The Times of India
Reliance Industries is considering resuming Venezuelan crude oil purchases if non-US buyers are permitted, awaiting regulatory clarity. Other Indian refiners like Indian Oil Corp and Hindustan Petroleum Corp are also open to Venezuelan oil under similar conditions. This potential shift comes as India faces pressure to reduce Russian oil imports.
Indian tax authorities have highlighted significant risks associated with virtual digital assets like crypto, echoing the Reserve Bank of India's concerns. The anonymous and borderless nature of these assets, coupled with offshore platforms, makes tracking taxable income and beneficial owners extremely difficult. Jurisdictional challenges further complicate tax recovery, prompting authorities to implement safeguards like TDS and mandatory registration.
As Indian airlines face a dwindling pool of pilots due to updated flight duty regulations, IndiGo and Air India are ramping up their recruitment efforts. IndiGo, in particular, is set to hire 100 new pilots this January, with captains receiving enticing signing bonuses that could soar to 50 lakh.