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However, with Germany and Poland already confirmed they won’t be buying Russian oil via pipeline or sea, the total effect would be to cut 90% of Russian crude sales to the EU by year’s end," analysts from ANZ Research said in a note

With Russia being one of the two most important members of the alliance (alongside Saudi Arabia), any decision on increasing output has become highly political," Craig Erlam, analyst at trading platform OANDA, told AFP.

Following the fresh promoter-level capital infusion, Vodafone raised its stake in Vi to 47.61%. Indian conglomerate, ABG, which acquired fewer fresh shares in Vi, saw a tiny dip in its Vi stake to 27.4%

According to recent filings with the Indian exchanges, Info Edge invested Rs 137.12 crore in 4B Networks in March, through its subsidiary Allcheckdeals India (ACD), and has been investing in the company over multiple tranches. It invested Rs 9 crore in February and Rs 18 crore in December 2021.

Parekh said the total market size of cloud and digital services globally is expected to jump to $830-$890 billion by 2027 from $410-$450 billion currently, clocking 14-16% annualised growth, despite ongoing concerns around inflation and the geopolitical tensions in Europe.

The maker of Johnnie Walker and McDowell’s said it is seeing inflationary pressure, especially on ENA driven by the geopolitical impact on grain as well as temporary supply disruptions on imported products.

The bank decided to hold a Swiss auction to avoid glare from investigative agencies in future, a bank executive said on condition of anonymity. "The bank would not like to be questioned for selling loans without attempting to get the best offer," the person said.

Representing the accused, senior advocate Vikas Pahwa argued that an incomplete chargesheet was filed in the case and sought a mandatory bail under the Criminal Procedure Code as well as on merits.

The dollar index rose, making bullion more expensive for buyers holding other currencies. Benchmark U.S. 10-year Treasury yields leaped on Tuesday after bond markets in the United States were closed in the previous session for the Memorial Day holiday, lowering the appeal of zero-yield gold.

The fluctuation in GDP numbers could be attributed to the impact of localised restrictions during the Omicron wave and high inflationary pressures hitting private consumption. The fears of the Omicron-led third wave resulted in disruption of economic recovery which was afoot.