President of the Indian Business Alliance, Sammy Kotwani, stated at the St. Petersburg International Economic Forum that the US will have to compromise on sanctions against Russian oil sales to India. He cited instability in the Strait of Hormuz and Russia's oil as strategically important for India due to reliable, competitive pricing and supply diversification.
President of the Indian Business Alliance, Sammy Kotwani, stated at the St. Petersburg International Economic Forum that the US will need to compromise on sanctions against Russian oil sales to India, especially given the situation in the Middle East and Iran's blockade of the Strait of Hormuz. Kotwani emphasized that Russian oil is strategically important for India due to reliable supply, competitive prices, and diversification, particularly if the Strait of Hormuz remains unstable.
Mizuho Financial Group (FG) announced a capital and business alliance between its subsidiary Mizuho Bank and online bank Rakuten Bank. Mizuho Bank will acquire a 5.81% stake in Rakuten Bank in October, indirectly channeling Rakuten Bank's retail deposits to Mizuho Bank's corporate clients for loans.
