Russian crude made up 87 per cent of India’s total fossil fuel imports from Russia during the month. India’s purchases of Russian crude oil reached a fresh record in July for the second straight month, according to data compiled by the Centre for Research on Energy and Clean Air (CREA). This highlights India’s continued preference…
Rupee tumbled 8 paise against the greenback as crude prices continue to rise The rupee began Tuesday on a weak note, falling 8 paise to 95.38 against the US dollar in early trade, as uncertainty over the ongoing Middle East crisis and a rise in crude oil prices overnight weighed down the currency. Pressure also…
Gold prices may not be that much sensitive to higher oil prices as has been the case in the last few months unless oil surges sharply higher. However, as the Middle East situation remains volatile, gains in gold could be limited unless oil falls. Buying the dips is preferred over chasing the rally. Source link
Stock market today: BSE Sensex slips over 250 points in early trade, NSE Nifty50 slips to 24,510 levels Benchmark indices began the session under pressure, with both BSE Sensex and NSE Nifty slipping in early trade. The BSE Sensex was at 78,286.46, down 255.98 points or 0.33%, while the Nifty 50 stood at 24,510.70, lower…
The company posted a 10.2% rise in the customer ARPU. NEW DELHI: Debt-ridden telecom firm Vodafone Idea on Monday reported a narrowing of loss to Rs 3,754 crore in the first quarter of the current fiscal mainly on account of relaxation given by govt on dues. The company had posted a net loss of Rs…
India’s electricity system faced a sharp rise in peak demand during the April-June period, with demand increasing around 12% from the same period last year and reaching a record 270.8 GW in May, the Rajya Sabha was informed on Monday.The pressure was particularly visible during non-solar hours in June, when peak electricity demand stood at…
The revised closing-price mechanism applies to more than 200 stocks with listed derivatives. India’s newly introduced closing price auction system has left traders jittery as they adjust to the new system. During the first week of trading under the new system, some traders said that one of the country’s most significant market structure reforms in…
The SpaceX share is trading slightly below its market debut price NEW DELHI: Retail investors turned net sellers of SpaceX shares on August 7, marking the first such instance since the company’s blockbuster public debut in June, according to Vanda Research.Individual investors sold a net $4.5 million worth of SpaceX shares on the day, reported…
India’s shift towards cleaner mobility will require multiple technologies rather than a choice between ethanol and electric vehicles, the Indian Federation of Green Energy (IFGE) said, pointing to the continued presence of nearly 300 million internal combustion engine (ICE) vehicles on the country’s roads.The federation said that ethanol, electric vehicles, hybrids, CNG and hydrogen should…
Beijing increasingly controls the marginal barrel of demand – whether it is purchased, stored, released or withheld. For half a century, the global oil market has revolved around two centres of power. The Gulf, led by Saudi Arabia, controlled spare production capacity. The US supplied military protection and financial muscle to Gulf oil. Together, Washington…
