As U.S. President Joe Biden pushed for lower fuel prices, putting pressure on significant U.S. corporations to lessen the burden on drivers during the nation’s peak summer demand, oil prices fell in early trade on Wednesday. While Brent crude prices declined $1.33, or 1.2 percent, to $113.32 a barrel atContinue Reading
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday’s session. In intra-day trading onContinue Reading
Oil prices fell almost 5% to a three-week low on Friday, prompting investors to fear that interest rate rises by major central banks would slow the global economy and reduce energy demand. Shares of energy companies fell up to 17% on the BSE in Monday’s session. In intra-day trading onContinue Reading
India urged the World Trade Organization (WTO) on Monday to allow exports of food grains from public reserves for international food aid and humanitarian purposes, particularly on a government-to-government basis, because the UN’s World Food Programme was unable to meet demand. Commerce and Industry Minister Piyush Goyal stated during anContinue Reading
On Friday, the price of gold rose by Rs 250 from the previous day’s closing to Rs 52,310 for a gramme of 24-carat gold. In the meantime, a gramme of 22-carat gold costs Rs 47,950. Although gold is utilised as an inflation hedge, rising interest rates raise the opportunity costContinue Reading
Based on inflationary pressures, supply-chain challenges, and geopolitical concerns resulting from Russia’s invasion of Ukraine, the World Bank decreased India’s real gross domestic product (GDP) growth prediction for 2022-23 (FY23) to 7.5 percent from 8%. The multinational agency also cut its global growth prediction for 2022 to 2.9 percent fromContinue Reading
In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high ofContinue Reading
Prime Minister Narendra Modi said on Sunday that India is the home of Buddha and Mahatma Gandhi, who exemplified what it means to live for others. While electronically addressing the Rotary International World Convention, the Prime Minister commented. He described the Rotarians as a perfect blend of “success and service,”Continue Reading
