India is not alone in encountering this dynamic, but its high oil import dependence and increasing energy demand render its exposure particularly significant.
Saudi Arabia is aiming for $80 per barrel to support the valuation of Saudi Aramco before an initial public offering. This price hike is certainly going to pinch the Indian government.
The firm has weighed committing $200-$300 million through its Blackstone Private Equity Strategies Fund for two teams, Rajasthan Royals & Royal Challengers Bengaluru.
The countries signed a memorandum for co-development of UNICORN masts in November 2024. India has been second Asian nation to have such an agreement with Tokyo, after Philippines.
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