28 C Economy / The Sen Times
NEW DELHI/SINGAPORE, Oct 31 (Reuters) Indian Oil Corp, the countrys top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said, resuming purchases despite pressure from Washington on India to stop buying Russian oil. Washington last week imposed sanctions on Rosneft and Lukoil, Russias two largest oil companies, stepping up efforts to pressure President Vladimir Putin to end the war in Ukraine. IOCs head of finance, Anuj Jain, however, ha
BENGALURU, Oct 27 (Reuters) The Indian economy will grow slightly faster than previously expected this fiscal year, a Reuters poll showed, as economists raised their forecasts for a second straight month following a surprise 7.8% expansion in the April to June quarter. That unexpected boost, along with a cut to the countrys Goods and Services Tax (GST) timed around the festive season to spur consumer demand, has led most economists in the October 15-24 survey to revise up their full-year foreca
Melbourne, Oct 16 (The Conversation) The rate of unemployment in Australia is on the rise again. Official labour force data released on Thursday shows that in the month to September, Australias seasonally adjusted unemployment rate jumped from 4.3% to 4.5%. Thats the highest rate since November 2021. The surprise jump strengthens the case for the Reserve Bank of Australia to cut the official cash rate in November. Jobless rate climbs to 3.9% in November (highest since April 2022) but main story