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Oil prices are rising as demand grows and supply tightens0
- Commodity
- May 25, 2022
Oil prices surged in early trade on Wednesday, buoyed by limited supplies and the expectation of increased demand as the US summer driving season approaches. By 0020 GMT, Brent crude futures had risen 46 cents, or 0.4 percent, to $114.02 per barrel. WTI crude futures for July delivery in the United States were up 58
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At the 2nd in-person meeting, Quad leaders convene in Tokyo.0
- India
- May 24, 2022
Prime Minister Narendra Modi and leaders of the US, Japan, and Australia met for the second time in person on Tuesday in New Delhi, where they are expected to discuss developments in the Indo-Pacific region as well as global issues of common interest. India, the United States, Japan, and Australia make up the Quadrilateral Security
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Due to a rainstorm in Delhi, at least 140 flights have been cancelled thus far0
- Business
- May 23, 2022
According to authorities, heavy rain in Delhi and thunderstorms over the airport region have caused at least 140 aircraft to be delayed as of this morning. Over 140 flights have been delayed, with 90 at departure terminals and 44 at arrivals. According to sources, out of the 140 planes whose operations have been impacted thus
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Early trade saw oil prices rise on expectations of a revival in Chinese demand0
- Market
- May 18, 2022
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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PM Wickremesinghe warns the crisis-stricken country that petrol supplies are running out0
- International
- May 17, 2022
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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PSB fraud is down 51% to Rs 40,295 crore, yet the number of cases is still rising: RBI0
- India
- May 16, 2022
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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Even as reduced demand threatens to limit increases, oil prices continue to rise0
- Business
- May 13, 2022
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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Delhi: Customers will be able to opt-in or out of the power subsidy via online and physical channels0
- India
- May 12, 2022
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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India sells a record 1.4 million tonnes of wheat in April as Black Sea supplies fall0
- Economy
- May 11, 2022
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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