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Oil prices rise as heightened geopolitical risk exacerbates supply concern Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. Brent crude futures had climbed 24 cents, or 0.3%, to $85.67 a barrel at 0029 GMT. U.S. crude futures gained 25 cents, or 0.3%, to $80.88 per barrel. Both benchmarks logged less a than 1% change last week versus the previous week. "Escalating geo...
Oil prices rise as heightened geopolitical risk exacerbates supply concern
Oil prices rise as heightened geopolitical risk exacerbates supply concern
Source: Reuters
2024-03-25 08:44:24 am
Venus Remedies rises on getting marketing authorisations from Ukraine for three cancer drugs Venus Remedies is currently trading at Rs. 327.55, up by 2.10 points or 0.65% from its previous closing of Rs. 325.45 on the BSE. The scrip opened at Rs. 322.95 and has touched a high and low of Rs. 331.30 and Rs. 322.45 respectively. So far 1218 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.60 on 05-Jan-2024 and a 52 week low of Rs. 155.00 on 20-Mar-2023. Last one week high and low of the scrip stood at ...
Venus Remedies rises on getting marketing authorisations from Ukraine for three cancer drugs
Venus Remedies rises on getting marketing authorisations from Ukraine for three cancer drugs
Source: Accord Fintech
2024-03-19 10:41:49 am
Venus Remedies inches up on obtaining Marketing Authorizations for range of essential oncology drugs in Ukrain Venus Remedies is currently trading at Rs. 334.05, up by 0.30 points or 0.09% from its previous closing of Rs. 333.75 on the BSE. The scrip opened at Rs. 333.75 and has touched a high and low of Rs. 340.45 and Rs. 332.00 respectively. So far 1266 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 429.60 on 05-Jan-2024 and a 52 week low of Rs. 151.15 on 16-Mar-2023. Last one week high and low of the scrip stood at ...
Venus Remedies inches up on obtaining Marketing Authorizations for range of essential oncology drugs in Ukrain
Venus Remedies inches up on obtaining Marketing Authorizations for range of essential oncology drugs in Ukrain
Source: Accord Fintech
2024-03-11 11:40:55 am
Google launches 2nd fund worth $10 mn for Ukraine-based startups Google on Saturday announced a second startup support fund for Ukraine worth $10 million, to allocate equity-free cash awards throughout 2024 and 2025. Since the devastating war in Ukraine started, Google said it has committed over $45 million in cash and $7 million in kind to support humanitarian relief efforts for people in Ukraine and those fleeing the war. “We’ve also sought to use our products to help people affected by the war, like protecting against cyber attacks and...
Google launches 2nd fund worth $10 mn for Ukraine-based startups
Google launches 2nd fund worth $10 mn for Ukraine-based startups
Source: IANS
2024-02-18 10:13:53 am
Oil slips as economic concerns eclipse geopolitical tensions Oil prices eased in early trade on Tuesday as anxiety over the global demand outlook for oil offset geopolitical tensions in the Middle East and supply worries following an attack on a Russian fuel export terminal over the weekend. Brent crude futures fell 14 cents, or 0.2%, to $79.92 a barrel by 0125 GMT, while U.S. West Texas Intermediate crude futures (WTI) were last down 10 cents, or 0.1%, at $74.66 a barrel. Both the contracts had settled about 2% higher on Monday, as a Ukrainian d...
Oil slips as economic concerns eclipse geopolitical tensions
Oil slips as economic concerns eclipse geopolitical tensions
Source: Reuters
2024-01-23 08:51:43 am
India sees minimal trade disruption after G7 ban on Russian diamonds India expects little disruption to its diamond industry from an incoming ban by G7 countries on Russian gems, a trade ministry official said on Friday, because the country mostly processes smaller Russian diamonds which will be less affected by the new restrictions. India is home to 90% of the world's diamond cutting and polishing industry, including for some Russian diamonds. Last week, G7 nations announced a direct ban on Russian diamonds starting Jan. 1 followed by phased-in rest...
India sees minimal trade disruption after G7 ban on Russian diamonds
India sees minimal trade disruption after G7 ban on Russian diamonds
Source: Reuters
2023-12-17 09:00:33 am
India`s palm oil, sunoil imports rise to record highs; soyoil drops India's imports of palm oil and sunflower oil in 2022/23 surged by 24% and 54%, respectively, to record highs on a rebound in consumption and as both oils were available at a steep discount compared to rival soyoil, a leading trade body said on Monday. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying could reduce inventories in sunflower oil-producing Black Sea ...
India`s palm oil, sunoil imports rise to record highs; soyoil drops
India`s palm oil, sunoil imports rise to record highs; soyoil drops
Source: Reuters
2023-11-13 03:09:10 pm
India`s oil imports from Russia fall in October India's Russian oil imports eased in October after prices climbed although supply from Saudi Arabia rose, according to preliminary data from ship tracking agencies Kpler and Vortexa. India, the world's third biggest importer and consumer of oil, has been binging on Russian oil sold at a discount after Russia was shunned by some western countries following its invasion of Ukraine last year. However, Indian refiners have slowed Russian oil imports in recent months from the nearly ...
India`s oil imports from Russia fall in October
India`s oil imports from Russia fall in October
Source: Reuters
2023-10-31 04:54:21 pm
Piyush Goyal urges G7 members to enhance collaboration on regulatory framework to facilitate cross border trade Commerce and Industry Minister Piyush Goyal has urged the countries participating in the G7 trade ministers meeting to enhance collaboration on a regulatory framework to facilitate cross border trade. The Group of Seven (G7) trade ministers meeting was held in Osaka, Japan.  The minister said that under its G7 presidency this year, Japan has invited India, along with a few other invitee countries (Australia, Chile, Indonesia, and Kenya) to participate in the outreach programme held on...
Piyush Goyal urges G7 members to enhance collaboration on regulatory framework to facilitate cross border trade
Piyush Goyal urges G7 members to enhance collaboration on regulatory framework to facilitate cross border trade
Source: Accord Fintech
2023-10-30 11:36:03 am
Russia makes up 40% of Indian oil imports, dents OPEC`s share The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.India, the world's third largest oil importer and consumer, has emerged as the top buyer of the discounted Russian seaborne oil after Western nations stopped buying from Moscow following its invasion of Ukraine.Middle Eastern supplies are also likely to tighte...
Russia makes up 40% of Indian oil imports, dents OPEC`s share
Russia makes up 40% of Indian oil imports, dents OPEC`s share
Source: Reuters
2023-10-20 11:30:32 am
Financials lead Sensex down The BSE Sensex was down 246 points at 66,181 points on Wednesday. Financial stocks are down with Bajaj Finance, Bajaj Finserv, HDFC Bank, Axis Bank down more than 1 per cent.The tragic bombing in the Gaza hospital has confounded the already confused developments, we are in uncharted territory, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services."While hoping that things won?t get worse let us look at the broad trends. In spite of the tragic geopolitical development...
Financials lead Sensex down
Financials lead Sensex down
Source: IANS
2023-10-18 02:25:03 pm
Oil prices fall as investors assess impact of Israel-Hamas war Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy.Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S. West Texas Intermediate (WTI) crude dropped 41 cents, or 0.5%, to $87.28 a barrel by 0048 GMT.Both benchmarks rose nearly 6% on Friday, posting their highest daily percentage gains since April, as investors priced in t...
Oil prices fall as investors assess impact of Israel-Hamas war
Oil prices fall as investors assess impact of Israel-Hamas war
Source: Reuters
2023-10-16 09:12:06 am
Festive Cheer: We`re 2-4 weeks away from markets touching all-time high Conflict has caused short-term pain to markets but they have rebounded quickly in time and actually travelled farther.This was seen during the Ukraine-Russia war and more recently last week during the Hamas-Israel conflict. Markets were hit just on Monday and then rebounded. This strong market performance can only be attributed to the strength that the underlying markets have and not to any other reason.There are spin-off effects where oil prices have risen because of the conflict, but these ...
Festive Cheer: We`re 2-4 weeks away from markets touching all-time high
Festive Cheer: We`re 2-4 weeks away from markets touching all-time high
Source: IANS
2023-10-14 05:56:16 pm
Inflation levels may remain elevated owing to domestic pressures, global uncertainties: FM Nirmala Sitharaman On the day when India's September retail inflation fell to 5.02 per cent from 6.83 per cent in August, Finance Minister Nirmala Sitharaman on Thursday said that domestic disruptions along with global uncertainties may keep inflation at elevated levels in the coming months.The ongoing Israel-Palestine conflict coupled with the Ukraine-Russia war are a double whammy for global economy. Domestic consumption and investment demand will continue to drive India's growth, Sitharaman said while speaki...
Inflation levels may remain elevated owing to domestic pressures, global uncertainties: FM Nirmala Sitharaman
Inflation levels may remain elevated owing to domestic pressures, global uncertainties: FM Nirmala Sitharaman
Source: IANS
2023-10-13 10:11:24 am
Oil rises as US sanctions, stockpile forecasts raise supply worries Oil prices rose on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter.Brent futures rose 50 cents, or 0.6%, to $86.50 per barrel and U.S. West Texas Intermediate (WTI) crude gained 64 cents, or 0.8%, to $83.55 a barrel at 0345 GMT.Brent is set for a weekly gain of 2.3%, while WTI is set to climb 0.9% for the week, after both contract...
Oil rises as US sanctions, stockpile forecasts raise supply worries
Oil rises as US sanctions, stockpile forecasts raise supply worries
Source: Reuters
2023-10-13 08:58:31 am
Overall exports of engineering goods from India affected by global slowdown: EEPC Engineering Exports Promotion Council (EEPC) has said that overall exports of engineering goods from the country have been affected by the global slowdown. It said during April to August in 2023, overall engineering exports dropped 4.55 per cent to $44.62 billion as against $46.74 billion in the previous similar period of 2022.The exporters' body said engineering exports to Russia surged 178 per cent to $568.41 million during April to August of fiscal 2023-24, which was $204.17 million in the...
Overall exports of engineering goods from India affected by global slowdown: EEPC
Overall exports of engineering goods from India affected by global slowdown: EEPC
Source: Accord Fintech
2023-10-04 11:48:08 am