Government restricts platinum article imports to curb illicit gold inflows

Earlier, platinum alloys were misused to bring in gold, and industry experts say similar practices have now shifted to platinum articles. | Photo Credit: iStockphoto The government on Thursday imposed restrictions on imports of certain articles of platinum to curb illicit imports of platinum blended with significant amount of gold. There were no restrictions on…

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IndianOil’s Q3 profits more than quadruple amidst favourable oil prices

State-owned refiner IndianOil. File picture | Photo Credit: Reuters State-owned refiner IndianOil’s profit in the December-end quarter accelerated more than four times on a year-over-year (YoY) basis fuelled by a favourable lower crude oil price regime. Also Read | Indian Oil to raise Brazilian crude purchases as Russian imports slow, executive says The refiner’s net…

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