Reliance Slashes Russian Oil Imports to Dodge US Sanctions, Boosts Middle East and US Crude

November 6, 2025

Reliance Slashes Russian Oil Imports to Dodge US Sanctions, Boosts Middle East and US Crude

Big news from Reliance! The giant Indian company is reducing its Russian crude oil imports to play by US and European sanction rules. It’s turning to more oil from the Middle East and the US, keeping its global business safe and sound.

IndiGo Reports Rs 2,582 Crore Loss in Q2 Due to Weak Rupee, But Revenue Hits 10% Growth

November 5, 2025

IndiGo Reports Rs 2,582 Crore Loss in Q2 Due to Weak Rupee, But Revenue Hits 10% Growth

IndiGo faces a whopping Rs 2,582 crore loss in July-September quarter because of a weaker rupee. Yet, the airline's revenue zoomed 10% higher. CEO Pieter Elbers stays hopeful, sharing plans for growth and stronger flight operations ahead.

Novelis' Net Income Rises 27% Despite Fiery Setback at Oswego Plant

November 5, 2025

Novelis' Net Income Rises 27% Despite Fiery Setback at Oswego Plant

Novelis, a Hindalco arm, shines with 27% jump in net income to $163M in a tough quarter. Fire-hit Oswego plant to restart by December as sales climb 10% on aluminum price surge.

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November 5, 2025

Get Bloomberg India's Exclusive Billionaire and Market News on WhatsApp

Want the latest buzz on billionaires, businesses, and markets? Follow Bloomberg India on WhatsApp for special content and sharp analysis. Sign up now to stay ahead!

ED and IBBI Team Up to Restore Attached Assets to Banks and Homebuyers from Bankrupt Companies

November 5, 2025

ED and IBBI Team Up to Restore Attached Assets to Banks and Homebuyers from Bankrupt Companies

Big news for banks and homebuyers! The Enforcement Directorate and IBBI have created a new system to release assets of bankrupt companies stuck under investigation. Now, these assets will be returned to rightful owners while offenders face the law. A win-win for justice and money recovery!