Centre Announces One-time Compensation for OMCs to Cover Losses
On Wednesday, Information and Broadcasting Minister Anurag Thakur informed that the Union cabinet approved a one-time grant of Rs 22,000 crore to three state-owned fuel...
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Shell Shares Fall After 3rd Quarter Profit Warning
On Thursday, London-listed shares in Shell PLC (LON: SHEL) dropped in mid-morning trading after the company warned that lower refining margins would hit third-quarter earnings....
ONGC Plans to Invest $1 Billion in Brazilian Offshore Block Held by Petrobras
India’s largest government-owned-oil producer ONGC Videsh Ltd (OVL), is likely to invest USD 1 billion in a Brazilian offshore hydrocarbon block and raise its stake....
HPCL-Mittal Energy to Begin 100,000-tpy Bio-Ethanol plant in 2023
On Wednesday, India’s HPCL-Mittal Energy Ltd said it would start up a bio-ethanol plant at its Bathinda refinery in northern India as part of efforts...
Rupee Hits Record Low as Dollar Climbs to 20-Year High
The dollar climbed to a fresh two-year high, and the rupee fell to a record low early Thursday after the Federal Reserve raised interest rates...
TSX Advances as Energy Stocks Bounce on Russia Jitters
On Wednesday, Canada’s main stock index climbed as energy shares ascended on firm crude oil prices after Russia’s President Vladimir Putin announced a partial military...
Ecuador Signs Agreement with China to Restructure Debt
On Monday, the Ecuador government reported that it has agreed to restructure its debt with Chinese banks. This is to provide relief worth some USD...
Sensex Edged Lower on Selling Pressure in Financial Stocks, Rupee Edged Higher Against Dollar
India’s stock market benchmark started the week flat on recession fears and nervousness ahead of a 75-basis point hike in US key interest rates this...
Investors Anticipate August Inflation Reading Stocks Increase
U.S. stocks opened higher to start the week as investors awaited an inflation report.Notably, the S&P 500 was up 1 per cent, the NASDAQ Composite...
S Jaishankar Retains PM Modi’s Written Message to Saudi Crown Prince
External Affairs Minister S Jaishankar meets Saudi Crown Prince Mohammed bin Salman, handing a written message from Prime Minister Narendra Modi. Mr Jaishankar reached Saudi...