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With a mission to offer valuable insights and updates, the desk ensures that TOI readers are well-informed concerning the ever-changing and dynamic world of commerce and may navigate the complexities of the business world.Learn Extra The enterprise model shift “forces an overdue evolution from price arbitrage to real innovation, which is wholesome, but a mismanaged transition could devastate urban economies, actual estate, and ancillary services,” Talathi warned. While the joint assertion on the commerce framework didn’t particularly mention Russian oil, U.S. The Merey cargo is priced in opposition to the Dubai benchmark and displays rates similar to those at which Reliance Industries acquired Venezuelan oil from trader Vitol, one of the sources mentioned. The deal signals a broader effort by Indian refiners to diversify crude imports as they reduce reliance on Russian supplies, a move seen as supportive of New Delhi’s efforts to advance a trade pact with Washington.
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