Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risen 89 cents, or 0.9 percent, …
The10 gm of gold is Rs 51,510, while the price of a kg of silver is Rs 62,700
On Tuesday, the price of ten grammes of 24-carat gold fell by Rs 1,280 to Rs 51,510, while the price of one kilogramme of silver fell by Rs 800 to Rs 62,700 per kilogramme. According to the Goodreturns website, the price of 10 grammes of 22-carat gold has dropped by Rs 1,190, and the precious …
In April, India’s power consumption increased by 13.6 percent to 132.98 billion units
According to figures from the electricity ministry, power consumption in the country increased 13.6% year on year to 132.98 billion units (BU) in April, indicating the impact of the early start of summer and a surge in economic activity. In April of last year, power consumption was 117.08 BU, which was greater than 84.55 BU …
Prime Minister Modi, India has the world’s fastest-growing start-up ecosystem
India’s use of semi-conductors is predicted to exceed USD 110 billion by 2030, according to Prime Minister Narendra Modi, and the country has the world’s fastest-growing start-up ecosystem. According to him, India is poised to lead the next technological revolution, with investments being made, among other things, in building 5G capabilities. “We are paving the …
edible oil company’s stock has increased by 86% in the last four days.
In Thursday’s intra-day trade on the BSE, shares of Poona Dal & Oil Industries set a new high of Rs 103.15 and remained trapped at the 10% upper circuit on the back of hefty volumes. The edible oil company’s stock has soared 86 percent in the last four trading days, from a low of Rs …
Reliance Industries has become the first Indian business to have a market capitalization of Rs 19 trillion
After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday. RIL’s market capitalization was Rs …
Adani Wilmar’s surpassed Rs 1 trillion; stock increased by 249 percent since its IPO in February
After the stock of Gautam Adani-led edible oil giant Adani Wilmar (AWL) achieved a record high of Rs 802.80 on the BSE in Tuesday’s trade, it joined the select group of companies with a market capitalization (m-cap) of Rs 1 trillion. According to BSE data, at 10:40 a.m., AWL was ranked 50th with a market …
Reports China In the previous 24 hours has been 2,666 new cases of local coronavirus and 51 deaths.
Mainland In the last 24 hours, China’s National Health Commission reported 2,666 new locally transmitted COVID-19 cases and 51 new deaths, according to the country’s National Health Commission. According to the commission, 2,472 new local cases were recorded in Shanghai, with the remaining instances reported in 17 other provincial-level regions on the mainland, including 79 …
President Joe Biden set to announce new military assistance for Ukraine
President Joe Biden is set to announce plans on Thursday to send additional military aid to help Ukraine fight back against the Russian invasion, according to a US official. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said Biden will deliver a Thursday morning address at the White House …
Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at …