Alongside Saudi Arabia, the UAE holds meaningful spare capacity, the real lever Opec+ uses to move markets and stabilise prices. The United Arab Emirates’ (UAE) exit from the Organisation of Petroleum Exporting Countries (Opec) could benefit India by increasing oil supply and lowering prices, analysts said. On April 28, the UAE announced…
ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts. Shares of Indian upstream oil companies rallied up to 4 per cent on the BSE in Tuesday’s intra-day trade. Individually, Oil…
The agreement, concluded in December, will see New Zealand eliminate duties on all Indian exports, while India will reduce tariffs on 95 per cent of imports from the South Pacific nation India and New Zealand on Monday signed a free-trade agreement (FTA) that significantly lowers tariffs on goods, expands market access, and eases entry for…
Crude prices climbed over 1% as supply disruption in the Strait of Hormuz and stalled US-Iran talks kept markets on edge, raising concerns over India’s import bill and fuel marketing losses. Global crude oil prices continued to trade higher on Friday morning amid ongoing supply disruptions through the Strait of Hormuz and little progress in…
Amazon India on 23 April said it plans to invest over ₹2,800 crore to strengthen associate safety, health, and financial well-being measures and to boost its operations network across the country. The latest investment is part of the company’s stated commitment to infuse more than USD 35 billion in India by 2030, focusing on business…
Mutual funds: Transferring MF units involves converting them to demat format, with specific processes for gifting or transmission. Here is a step-by-step guide to gifting your MF units to a loved one. A popular investment option for individuals looking to achieve financial goals and grow their wealth, a mutual fund is formed when an asset…
There is a surge in crypto adoption among older millennials and Gen X in India, with Uttar Pradesh and Maharashtra leading. The 35+ demographic is now the fastest-growing segment indicating shift towards focus on long-term investment, as per a CoinSwitch report. Millennials and Gen X investors, aged between 26–35 years, dominate participation in the cryptocurrency…
Pakistan moved ahead Monday with preparations for a new round of talks between the United States and Iran days before a tenuous ceasefire is set to expire, even as renewed conflict around the Strait of Hormuz raised questions about whether the meeting would take place. Over the weekend, the US attacked and seized an…
Larsen & Toubro (L&T) share price Share price of Larsen & Toubro (L&T) rose 2 per cent to ₹4,149.55 on the BSE in Thursday’s intra-day trade, extending its Wednesday’s 3 per cent rally on easing geopolitical tensions. With past two days’ up move, the stock price of the civil construction major has bounced…
During the day, the BSE Sensex made a high of 78,270.42, up 1,423 points, or 1.85 per cent. Likewise, the NSE Nifty50 gained 439 points, or 1.84 per cent to hit a high of 24,280.90 levels. Indian equity benchmark indices Sensex and Nifty witnessed a sharp rebound on Wednesday, April 15, amid optimism over the…