Thu, Nov 28, 2024
The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.
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Fri, Oct 04, 2024
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
Tue, Oct 01, 2024
Brent crude slipped below $70, Brent crude fell by about 2.5%
Wed, Mar 09, 2022
In a conversation with Zee Business, Anil Agarwal, Chairman, Vedanta talks how India can become self-reliant through a two-year plan in order to reduce dependence on crude oil and metals from abroad.
Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil.
Tue, Mar 08, 2022
Oil prices and higher sensitivity due to Fed rate hikes are the key concerns the Indian markets and economy is likely to undergo, it says.
Oil prices firmed and Asian shares fell on Tuesday as Ukraine peace talks made little headway and the prospect of a ban on oil imports from Russia triggered investor fears over inflation and slowing economic growth.
Mon, Mar 07, 2022
Moscow announced new "humanitarian corridors" to transport Ukrainians trapped under its bombardment.
The war is dragging on for a long time and it has started affecting India in the form of inflation said Deepak Dobhal anchor at Zee Business in the special show of Aapki Khabar Aapka Fayda.
Indigo Paints received the highest drubbing as shares declined almost 10 per cent intraday. It also hit the new 52-week low of Rs 1497.65 apiece.
The raging geopolitical tensions between Russia and Ukraine has pushed the overall commodity prices to almost all-time high levels, including crude oil and metals.
The price of regular gasoline broke $4 per gallon (3.8 liters) on average across the U.S. On Sunday for the first time since 2008.
Sat, Mar 05, 2022
Hostilities between Russia and Ukraine, along with sustained demand, is expected to keep global crude oil prices in the range of $95-to-$125 per barrel in the short term.
Tesla founder Elon Musk called for an immediate increase in the production of oil and gas around the world.
Fri, Mar 04, 2022
International crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened
Mrityunjay Kumar Jha, Anchor and Commodity Editor at Zee Business decodes the importance of Iran in terms of crude supply? He also explains what the nuclear deals means?
Shares of Indian Railway Catering and Tourism Corporation slipped almost 7 per cent to touch day’s low level of Rs 745.5 per share on the BSE intraday during Friday’s session. According to Zee Business research the stock slipped mainly due to railways resumed sale of general tickets.
The recent surge in the crude oil prices is somehow denting the confidence of investors in the paint stocks, including Asian Paints, which is the India’s largest paint company in terms of volume.
Thu, Mar 03, 2022
Shares of the Gujarat Mineral Development Corporation (GMDC) jumped 16 per cent on Thursday in line with rising global commodity prices – crude oil and other industrial metals.
Crude oil is on the boil as prices hit USD 115 for Brent on Thursday amid the ongoing Ukraine-Russia tension. But not everybody is complaining. The domestic sugar companies are set to gain from this rally in oil as the focus turns on blending fuel with ethanol.
That is a pattern that the world has seen repeatedly in the oil age, and one that has punished clean energy investors harshly in the past.
Wed, Mar 02, 2022
The Indian markets on Wednesday witnessed weakness, snapping a two-day gain on the back of rising oil prices a cascading effect of Russia-Ukraine crisis.
Bank of Baroda in its research report stated that surge in oil prices because of the crisis pose considerable risks to the Indian economy.
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