Naukariadda

Saudi Arabia's crude oil exports fell by half in March after Iran effectively prevented tankers from leaving the Persian Gulf, forcing the kingdom to reroute flows to its west coast.Shipments averaged 3.33 million barrels a day during the month, tanker tracking data show. The drop would have been much bigger if Saudi Arabia hadn't been able to divert crude to export terminals on the Red Sea.The country is a vital source of oil supply for the world, providing about one in every six barrels of crude hauled by tankers. Markets have been watching its ability to keep flows moving after Iran effectively closed access to the open seas for Mideast exporters.Also read | Donald Trump’s NATO threat could be India’s biggest defence breakAverage crude shipments were 6.66 million barrels a day in February, tracking data show. Figures for both months exclude cargoes that were loaded onto vessels but remain stranded in the Persian Gulf.Following the start of the war, Riyadh quickly diverted cr...

Mumbai: Banks are increasingly giving loans to borrowers rated prime and above, latest data from an assessor focused on individual credit showed, indicating risk aversion among lenders at a time when job expansions at corporate India have become rather tentative amid an AI-led onslaught on repetitive tasks.Data from credit bureau TransUnion CIBIL showed that the bulk of new loan originations are concentrated among borrowers with a CIBIL score of 730 and above. The shift away from riskier segments is also evident in the declining share of new-to-credit customers, whose proportion of total originations has fallen sharply to 16% in January 2026 from 22% two years ago."The industry's preference for prime and above has gone up and at the same time, the industry is preferring existing-to-credit customers," said Bhavesh Jain, MD and CEO, TransUnion CIBIL. "The industry is preferring higher ticket size loans. Within existing credit also, we have seen an increasing trend wher...

Mumbai: Bank lending to the commercial vehicle (CV) segment faces increasing pressure as the ongoing Iran war has sparked a surge in fuel costs and operating expenses for fleet operators across India.Higher fuel prices are inflating overall logistics costs, prompting fleet owners to defer new vehicle purchases and slowing credit offtake for CV loans. Small fleet operators face the twin threats of compressed cash flows and weakening repayment capacity, a combination that analysts warn could accelerate delinquencies in a segment already showing early signs of stress."We are already seeing customers postpone purchases due to prevailing uncertainty, which is likely to significantly impact fleet utilisation," the head of micro, small and medium enterprises lending at a leading private sector bank said on condition of anonymity. "Any increase in retail diesel prices will sharply affect the commercial vehicle segment, particularly lower-end vehicles. With India's exports cl...

New Delhi: Deloitte has lost senior executives in recent weeks amidst an influx of dealmakers from rival firms that changed its approach to the mergers and acquisitions advisory business, according to people familiar with the matter.Executives who quit include Rajesh Aggarwal, head of debt advisory, Ruchi Sarna, national head of consumer investment banking, and Suresh Atal, a senior partner in transaction advisory, multiple sources said.Their departure could lead to a movement of more executives as typically such moves at professional services firms trigger team movements, sources added.Aggarwal and Atal are likely to move to PwC while Sarna is also expected to move to a rival outfit.PwC recently named Anmol Bhandari, a former Deloitte executive, as head of its transaction services vertical.Deloitte has shifted its focus in mergers and acquisitions advisory to deals above $250 million in value after the firm brought in Rohit Berry from KPMG as president of that vertical about two years...

New Delhi: The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple stock exchange filings.Purchases were made by investment companies they control and also by certain family members directly, data showed.Burmans are the promoters of consumer goods company Dabur. They also co-own Indian Premier League team Punjab Kings.They acquired 13 million shares in Religare Enterprises between March 18 and March 27, as per data. This took their ownership to more than 100 million shares. Religare has 332.7 million shares outstanding.On February 15, Religare Enterprises announced that it was transferring its lending, investment, broking, ancillary and support services into Religare Finvest. The entity would be listed and shareholders of Religare Enterprises would be offered shares in Religare Finvest in a ratio of 1:1.Religare Enterprises woul...

New Delhi: The Centre has firmed up the rules under all four labour codes and could notify them shortly for implementation in April, officials said.A senior government official told ET that the labour and employment ministry has finalised the rules and these will be notified soon after vetting by the law ministry. The four codes-the Code on Wages, the Code on Social Security, the Industrial Relations Code, and the Occupational Safety, Health and Working Conditions Code-have streamlined India's regulatory framework by consolidating 44 labour laws to 29 provisions.The government had notified the labour codes with effect from November 21, 2025, and had put out the draft rules across the 4 codes in public domain for consultation as mandated by law.Views were received till January, after which they were considered by the ministry to finalise the rules in the central sphere.The rules, once notified, will pave the way for social security for unorganised workers, including gig and platform...