•Indian refiners are buying record amounts of Russian crude, with over 2.3 million barrels a day offloaded at Indian ports last month.
•Deliveries in July are close to the same level, helping to keep a lid on Russian oil cargoes mounting up at sea.
•US sanctions on Russian oil exports are still in place, but Indian buyers are using middlemen to bypass the restrictions.
•Russian oil exports have surged due to the loss of supplies from the Persian Gulf and tumbling prices for Russian crude.
•Four-week average seaborne crude shipments from Russia remain close to an all-time high, with 4.16 million barrels a day shipped in the period to July 19.
Surajeet Das Gupta
•Premji Invest, a private investment firm owned by Azim Premji, has invested in 11 AI startups, predominantly in the US, with a combined valuation of $43 billion.
•The firm has participated in 19 funding rounds since January 2021, with a significant number of investments in 2024 and 2025, and has been more cautious with Indian AI startups.
•Five of the US-based startups backed by Premji Invest were founded by Indian entrepreneurs, including Hippocratic AI and Baseten, which saw valuations climb to $3.5 billion and $13 billion, respectively.
•Premji Invest has also invested in major US AI players like Runway (GenAI video) and Applied Intuition (autonomous driving AI systems), with valuations increasing to $5.3 billion and $15 billion, respectively.
•The firm's investments have been spread across the years, with the bulk coming in 2024 and 2025, and have included
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•Indian refiners are buying record amounts of Russian crude, with over 2.3 million barrels a day offloaded at Indian ports last month.
•Deliveries in July are close to the same level, helping to keep a lid on Russian oil cargoes mounting up at sea.
•US sanctions on Russian oil exports are still in place, but Indian buyers are using middlemen to bypass the restrictions.
•Russian oil exports have surged due to the loss of supplies from the Persian Gulf and tumbling prices for Russian crude.
•Four-week average seaborne crude shipments from Russia remain close to an all-time high, with 4.16 million barrels a day shipped in the period to July 19.
•Premji Invest, a private investment firm owned by Azim Premji, has invested in 11 AI startups, predominantly in the US, with a combined valuation of $43 billion.
•The firm has participated in 19 funding rounds since January 2021, with a significant number of investments in 2024 and 2025, and has been more cautious with Indian AI startups.
•Five of the US-based startups backed by Premji Invest were founded by Indian entrepreneurs, including Hippocratic AI and Baseten, which saw valuations climb to $3.5 billion and $13 billion, respectively.
•Premji Invest has also invested in major US AI players like Runway (GenAI video) and Applied Intuition (autonomous driving AI systems), with valuations increasing to $5.3 billion and $15 billion, respectively.
•The firm's investments have been spread across the years, with the bulk coming in 2024 and 2025, and have included
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