In early Asian trade on Wednesday, oil prices jumped more than $1 a barrel on optimism of a revival in demand in China as the country gradually eases some of its harsh COVID-19 containment restrictions. At 0042 GMT, Brent crude futures were up $1.15, or 1.0 percent, at $113.08 a barrel, while West Texas Intermediate […]
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On Monday, Sri Lanka’s new prime minister said the country was down to its last day of petrol, while the country’s power minister warned citizens not to join the long fuel lines that have sparked weeks of anti-government rallies. In a speech to the nation on Thursday, Ranil Wickremesinghe, who was appointed Prime Minister on […]
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During the financial year ending March 2022, public sector banks reported a 51% decrease in the amount involved in frauds, to Rs 40,295.25 crore, according to the Reserve Bank of India. The Reserve Bank said in response to a request under the Right to Information Act that the 12 PSBs (Public Sector Banks) recorded frauds […]
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Early Friday trade saw oil prices rise, but they were poised for their first weekly losses in three weeks as concerns about inflation and China’s COVID lockdowns slowed the global economy, outweighing concerns over declining Russian fuel supplies. At 0008 GMT, Brent crude prices were up 97 cents, or 0.9 percent, at $108.42 a barrel, […]
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Officials claimed that consumers will be offered both online and offline choices to opt-in or out of the Delhi government’s power subsidy on monthly consumption of up to 400 units of electricity. Delhi Chief Minister Arvind Kejriwal declared this week that if consumers desire it, they will receive a power subsidy. The government decided to […]
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According to four trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to the Black Sea supply hit hard by the Ukraine conflict. The first month of the fiscal year is April. In fiscal 2021-22, India, the world’s second-largest wheat […]
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A coal shortage in India has caused sponge iron makers to scour the globe for supplies to keep their mills going, adding to inflationary pressures as they rely on more expensive imports. According to Managing Director V.R. Sharma, Jindal Steel & Power Ltd., which is running its sponge iron facilities at 40% capacity due to […]
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The total number of COVID-19 vaccine doses delivered in the country surpassed 190.33 crores on Sunday, according to the Union Health Ministry. Until 7 p.m. on Sunday, more than 11 lakh (11,93,312) vaccination doses had been administered. With the compilation of the final reports for the day by late night, the daily vaccination tally is […]
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According to persons acquainted with the situation, India is considering reducing tariffs on various edible oils to chill the home market after the war in Ukraine and Indonesia’s restriction on palm oil exports caused prices to rise. India, the world’s largest importer of vegetable oils, is trying to reduce the agriculture infrastructure and development cess […]
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Mumbai reported 117 new coronavirus positive cases on Wednesday, the city’s highest one-day total since February 25, bringing the city’s overall count to 10,60,187, according to the city municipal authority. The mortality toll in Mumbai remained steady at 19,563 as no one died from the infection in the recent 24 hours, according to a bulletin […]
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