New Delhi/ Baku, April 1 (IANS) India’s newly appointed Ambassador to Azerbaijan, Abhay Kumar, formally presented a copy of his Letter of Credence to Foreign Minister Jeyhun Bayramov in Baku on Wednesday, marking a significant step in strengthening bilateral relations. “Met Foreign Minister Jeyhun Bayramov of Azerbaijan today. Presented a copy of my Letter of Credence. Had useful discussions,” Ambassador Abhay Kumar wrote on X.According to the Ministry of Foreign Affairs of Azerbaija…
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Mumbai, Feb 5 (IANS) Shares of Indian Oil Corporation (IOC) rose on Thursday after the state‑owned refiner reported close to 60 per cent surge in profits during the December quarter of FY26.Indian Oil posted a 59.3 per cent increase in net profit to Rs 12,126 crore for the quarter, up from Rs 7,610.5 crore in the September quarter. Revenue during the reported quarter increased to Rs 2.04 lakh crore, up about 14.3 per cent from Rs 1.78 lakh crore in the prior quarter.Earnings before interest, t…
New Delhi, Jan 5 (IANS) ONGC may receive nearly $500 million in unpaid dividends from its Venezuelan oil project as the evolving US-Venezuela situation has revived expectations of long-pending payouts from the South American nation, global brokerage firm Jefferies has said.Market experts are anticipating that a potential US takeover of Venezuela’s oil industry could eventually lead to the lifting of sanctions on Venezuelan crude exports.Although US President Donald Trump has said that sanction…
New Delhi, Jan 3 (IANS) As several countries across the globe criticised the US military attack on Venezuela on Saturday, industry watchers said that India’s economic interests in the South American country are minimal and it is not dependent on Venezuela for oil. The bilateral trade between the nations was $1.175 billion in 2023-24, according to information available on the website of the Embassy of India in Caracas.The main items of India’s exports to Venezuela are mineral fuels and oils a…