We welcome you to the Forty-Eight edition of DevMantra Times for the month of March 2025. This newsletter highlights key updates, including a drop in India’s oil imports from Russia due to US sanctions, the completion of the world’s longest LPG pipeline, and India’s push to increase ethanol blending in petrol. Notable startup news includes DeepSeek’s AI model profits, Zepto Cafe’s growth, and CrisprBits’ antibiotic resistance platform. Additionally, the Indian government has launched a Technology Adoption Fund for space startups. Judicial and regulatory updates cover issues related to GST, income tax, and compliance matters, offering insights for businesses and taxpayers. At Aone Devmantra, we are committed to exceeding your expectations, driving innovation, and supporting you in achieving your goals.
Here’s to a year filled with new milestones, shared successes, and inspiring moments. May 2025 bring health, happiness, and prosperity to you and your loved ones. Thank you for being an essential part of our community. Together, let’s make this year extraordinary!
Industry & Economic Updates India’s oil imports from Russia plunge to lowest in two years
India’s imports of crude oil from DEVMANTRA TIMES eXcellence beyond numbers Russia slumped this month to the lowest level since January 2023, according to data analytics company Kpler, underlining how stringent US sanctions have disrupted supply chains. Purchases by the South Asian nation, the largest buyer of Moscow’s seaborne crude in 2024, are likely to drop further in the next two months as the sanctions have led to a sharp cut in the fleet availability and sellers of discounted cargoes, according to a Bloomberg report published earlier this month.
