Reliance gets US licence to directly buy Venezuela oil

Global trading houses, Vitol and Trafigura, became the first ones to obtain US licences to load and export Venezuelan oil. Illustration: Dado Ruvic/Reuters Key Points Venezuela produces only about 0.8 per cent of global crude Indian refiners are seeking steep

Alcoholic Beverages players identify new markets amid tax hiccups

Over the last few quarters, several markets have been performing strongly, notably Uttar Pradesh, Haryana, West Bengal, Rajasthan, and defence for spirits, beer, and wine makers Photograph: Francis Mascarenhas/Reuters Key Points Sula Vineyards two biggest markets are Maharashtra and Karnataka According to

Q3FY26 results preview: IT companies’ growth likely to remain muted

With discretionary spending still under pressure, the information technology (IT) services industry continued to face an uncertain demand environment in the third quarter of 2025-26 (Q3FY26). Illustration: Dominic Xavier/Rediff This may nudge companies to rely on cost-takeout and efficiency-led programmes