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Tariff on Russian Oil: RIL, HPCL, BPCL, IOC can dip up to 18%, say charts

Tariff on Russian Oil: RIL, HPCL, BPCL, IOC can dip up to 18%, say charts

The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.
Rex Cano Mumbai
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Shares of oil-related companies were in focus on Thursday amid reports of likely US sanctions on Russian oil. The US Secretary of State Marco Rubio had indicated there would be potential sanctions against Russia over its war in Ukraine this week. Crude Oil prices were trading at five-week lows as markets awaited the US sanctions decision on Russia. That apart, tariffs on India and Opec+ supply plans also weigh on the sentiment. The US has imposed an additional 25 per cent (total 50 per cent) tariff on Indian goods, in its bid to deter India from
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Pakistan Suffers Rs 1,240 Crore Loss After Airspace Ban On Indian Flights: Report
Pakistan Suffers Rs 1,240 Crore Loss After Airspace Ban On Indian Flights: Report

India.com

time17 minutes ago

  • India.com

Pakistan Suffers Rs 1,240 Crore Loss After Airspace Ban On Indian Flights: Report

After India suspended the Indus Water Treaty on April 23 in response to the gruesome Pahalgam terror attack, Pakistan closed its airspace to Indian-registered aircraft. However, according to a local media report, Islamabad has suffered massive financial losses after the shutdown as the Pakistan Airports Authority (PAA) lost over Rs. 1,240 crore (PKR 4.1 billion) in over two months. According to ANI, Dawn reported the figure of losses, citing a statement by the Pakistan Ministry of Defence in the National Assembly on Friday. Furthermore, as per the report, the closure came into effect from April 24, when Islamabad withdrew overflight permission for all Indian-registered aircraft and those operated, owned, or leased by Indian carriers. The closure of airspace has backfired on the Pakistani economy. According to the Dawn, the revenue of PAA from overflying charges plunged between April 24 and June 30, nearly affecting 100-150 Indian aircraft daily and slashing Pakistan's transit air traffic by almost 20 percent. Also Read: '6 Pak Aircraft Were Downed During Operation Sindoor': Air Force Chief Pakistani Ministry Admits Financial Losses The Pakistani Defence Ministry has admitted the financial losses but attempted to justify the decision to close airspace for all Indian aircraft and said, "Sovereignty and national defence take precedence over economic considerations." Meanwhile, the officials also claimed that the measures issued by Notices to Airmen (NOTAMs) were for "strategic and diplomatic" reasons. According to the ministry's data, PAA's average daily overflight revenue in 2019 was 508,000 dollars, compared to 760,000 dollars in 2025, meaning the ban is costing Pakistan far more now than during the previous standoff, Dawn reported. Pakistan Airspace Closure Pakistan's airspace is open to all except Indian airlines and aircraft, and the ban has been extended twice and is now set to last until the last week of August. Furthermore, Indian carriers continue unaffected on other international routes, while Pakistani airlines are still barred from entering Indian airspace. India-Pakistan Tensions On April 22, terrorists gunned down 25 Indian citizens and one Nepali citizen in Jammu and Kashmir's Pahalgam. The incident sent shockwaves through the nation. The responsibility for the attack was claimed The Resistance Front (TRF), an offshoot of Pakistan-based Lashkar-e-Taiba (LeT), however, later it distanced itself from the incident. After this, New Delhi took several diplomatic measures against Islamabad, and the airspace closure was a part of the same. India banned all Pakistani-operated, owned, or leased aircraft, including military flights, from entering Indian skies from April 30.

Man resigns soon after first pay; HR calls it ‘unethical', netizens says ‘nothing wrong'
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Mint

time17 minutes ago

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Man resigns soon after first pay; HR calls it ‘unethical', netizens says ‘nothing wrong'

An Instagram post by an Indian HR professional has sparked debate online after they claimed an employee resigned just minutes after receiving their first salary. 'Salary credited at 10:00 AM, resignation emailed at 10:05 AM,' the post read. The HR professional said the company's HR team had spent hours on the employee's onboarding, while their team had invested weeks in training them. 'Let's talk about professional ethics. The company welcomed you, trusted you, and gave you a platform to grow. And then—five minutes after your first salary hit your account—you walked away. Was that fair? Was it ethical?' she wrote. Criticising the sudden resignation, the HR professional said such behaviour reflected 'a lack of intent, maturity, and accountability,' and urged workers to be honest if they feel a role or company is not the right fit. 'If something didn't feel right: You could've spoken up. You could've asked for clarity or help. You could've made a conscious exit, not a convenient one. No job is 'easy'. Every role takes commitment, patience, and effort. Growth doesn't come with your first paycheck — it comes with perseverance,' the post read. 'So before pointing fingers at 'culture' or 'role mismatch,' Pause. Reflect. Communicate. Because in the end, your professionalism is defined not by your post — but by your actions.' The post drew mixed responses. Some supported the employee, arguing that salaries are payment for work already completed. 'Could not disagree more. When corporations start putting their employees first, the employees will start putting their companies first,' one LinkedIn user wrote. Another commented: 'Ethics? Let's be clear: salaries are paid for work already done — not for charity, not in advance. If someone resigns after getting paid, it means they fulfilled their obligation for that month.' Others compared the case to sudden layoffs. 'How is it justified to terminate employees in the middle of the month without proper notice or explanation?' one user asked. Another wrote: 'Nothing wrong'

FII flows, US-India tariff developments among 7 factors likely to steer D-Street this week
FII flows, US-India tariff developments among 7 factors likely to steer D-Street this week

Economic Times

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FII flows, US-India tariff developments among 7 factors likely to steer D-Street this week

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