As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance.“Recalibration of Russian oil imports is ongoing and…
Indian refiners anticipate a significant decline in Russian oil imports, potentially even reaching zero. (AI image) The Donald Trump administration’s latest move to sanction major Russian oil firms Rosneft PJSC and Lukoil PJSC will likely make it almost impossible for India to continue procuring crude from Russia. Analytics firm Kpler reports that Russian oil made…
Trade tensions between Washington and Beijing might rise further as the US is planning its next move against China, after the 155% tariff threat.The Trump admin is reportedly preparing a response to China’s recent rare earth export restrictions by limiting shipments of US software-powered products to Beijing, a US official told Reuters. The proposed measures…
India’s biggest business houses delivered a mixed performance during Samvat 2081, with some posting stellar gains while others struggled to keep pace.Bharti Group, led by Sunil Mittal, emerged as the top wealth creator of the year with its combined market value surging to a whopping 24.8%, driven by a strong rebound in Bharti Airtel’s profitability….
India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…
Diwali celebrations across the country are almost over with the arrival of BhaiDooj.As the festival of lights spans across almost 5 days in several states, many people are wondering whether banks are open or closed today, on October 23.This year, October had many bank holidays including Gandhi Jayanti, Navratri ending, Vijayadashmi, Naraka Chaturdashi, Laxmi Puja,…
Stock markets in Asia struggled on Wednesday, mirroring Wall Street losses as investors weighed worries that this year’s tech-driven rally may be approaching its limits. Hong Kong’s HSI fell 22 points or 0.09% to 25,759. Nikkei traded at 48,509, shedding 797 points or 1.6%. Shanghai and Shenzhen also traded in red, down 0.66% and 0.87%,…
Gold price prediction: The short-term sentiment appears slightly bearish as prices have breached key support levels, suggesting the possibility of further downside movement. (AI image) Gold and silver price prediction today: Gold and silver prices are exhibiting weakness following correction and profit booking, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group….
Analysts are cautiously optimistic about the market up moves in the coming days. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in opening trade on Thursday. While Nifty50 went above 26,000, BSE Sensex was up over 500 points. At 9:18 AM, Nifty50 was trading at 26,016.05, up 147…
Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…
