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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

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General business news

Kitex Garments to invest Rs 2,406cr in Telangana for production expansion

Kochi-based Kitex Garments Limited said that it has signed a memorandum of understanding (MoU) with the Telangana government…

byPallavi Madhiraju

September 21, 2021

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General business news

Kitex Garments to reportedly invest Rs 1,000cr in Telangana for apparel manufacturing

Kochi-based Kitex Garments Limited said that it will invest in the South Indian state of Telangana, an amount…

byPallavi Madhiraju

July 14, 2021

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