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Vitol and Trafigura had been granted U.S. licences to sell Venezuelan oil following final month’s U.S. army operation to seize President Nicolas Maduro. IOC earlier processed Merey crude at its Paradip refinery in Odisha. In January, HPCL had indicated it was seeking Venezuelan crude for its 300,000 barrels-per-day refinery in Visakhapatnam, Andhra Pradesh, which was just lately upgraded to deal with heavier grades. IOC, the country’s largest refiner, had previously processed Venezuelan oil in 2024, based on data compiled by Reuters.
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TCS — the most important Indian IT firm and the primary and just one to publicly disclose this information up to now — pegs its annualized AI providers revenue at $1.8 billion. Market leaders Tata Consultancy Companies and Infosys have been integrating generative AI and machine learning into their core enterprise processes and offerings. In recent years, firms have been attempting to insulate their enterprise models. With a smaller workforce and extra AI, “the timelines of engagements will massively shrink additional, impacting billing,” Yugal Joshi, partner at global analysis agency Everest Group, informed Rest of World. Usually, IT services corporations rely on billable hours — charging shoppers for the amount of time spent on tasks.
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