Author: Nisha Chawla

By Jigar Trivedi  WTI crude futures rallied in direction of $119/bbl, recording the sixth weekly advance. Prices have been marching increased within the earlier week because the EU succeeded in banning Russian oil, Chinese lockdowns have been lifted and the US summer time driving season received underway. Meanwhile, OPEC+ agreed to manufacturing hikes of 648,000 barrels a day for July and August, with out exempting Russia from the provision pact, pushing the costs increased. Robust stock information aided the emotions after US crude inventories fell 5.1 million barrels within the week ended twenty seventh May, whereas gasoline provides dropped 700,000…

The Russia-Ukraine warfare and the stringent sanctions on Russia by the West have thrown up extra alternatives for India’s companies than earlier anticipated. Defence manufacturing and upkeep, shipbuilding and oil refining are three areas the place Indian companies are already beneficiaries or have no less than acquired enquiries from potential importers. India’s petroleum merchandise exports, which surged 161% in FY22 to $67.5 billion, partly pushed by an increase in costs, will get an additional fillip within the present yr with a number of European nations resorting to India to supply refined merchandise from Russia’s Urals crude, which is out of…

As outcomes have been declared, solely 67.26% or 4,14,281 college students of the 6,15,908, who appeared for the category 10 public examinations in Andhra Pradesh this yr have handed. This is the bottom go proportion within the class 10 examinations since 2007, when 73 per cent of scholars had cleared the examination within the then united Andhra Pradesh. After a two years hole, class 10 exams have been performed from April 27 to May 9. In 2020 and 2021, all college students have been declared handed as the general public examinations couldn’t be performed because of COVID-19 pandemic. According to…

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The costs of petrol and diesel had been stored unchanged by the OMCs for the sixteenth day straigh on Tuesday. Prices have remained regular since Finance Minister Nirmala Sitharaman introduced a minimize in excise obligation on petrol by 8 per litre, and 6 rupees per litre on diesel earlier on May 21. Petrol worth in Delhi immediately stands at Rs 96.72 a litre as in opposition to Rs 105.41 a litre final month, whereas diesel will value Rs 89.62 a litre versus Rs 96.67. In Mumbai, one litre of…

Cautioning towards huge hikes in minimal help worth (MSP) of crops similar to their market costs, Niti Aayog member Ramesh Chand instructed FE on Monday that meals inflation can be lower than 6% by July because of the Reserve Bank of India’s financial tightening, import obligation cuts on edible oils and curbs on wheat exports. “There will definitely be an increase in kharif MSPs for next season to negate the increase in input costs for cultivation,” Chand mentioned. He, nevertheless, mentioned the rise in worldwide costs over the previous yr can’t be a justification for a pointy will increase in…

From Hindi to many different regional languages, the federal government is now making an attempt to offer medical programs, simply past English. However, the transfer appears to have turn out to be a bone of rivalry between authorities and medical professionals. “The state cannot decide how medical education will be planned. It is the prerogative of the National Medical Commission (NMC) under the NMC act. As of now, NMC has not given any such agenda on medical education in regional language,” Dr. Shivkumar Shankar Utture, president, State Medical Council, Maharashtra instructed FE Education Online.  On World Health Day, April 7,…

Q4FY22 gross sales had been at Rs 8.91 bn (down 11% y-o-y, missed our estimate by 9%) highlighting a slowdown in execution in abroad order. The weaker execution additionally led to a miss on EBITDA margin by 110bp at 8% regardless of secure gross margins. Weak order inflows at Rs 36.5 bn was disappointing; coverage of selective bidding, whereas appreciated, resulting in weak progress: Management has guided for double-digit gross sales and order influx progress within the close to time period. However, a coverage of selective bidding centered on technologically advanced tenders within the worldwide market might result in order…

With the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) starting its three-day deliberations right this moment, Jyoti Prakash Gadia, Managing Director at Resurgent India believes fee hike within the June assembly is a certainty. In an interview with Kshitij Bhargava of FinancialExpress.com, Gadia stated {that a} 20-40 foundation level fee hike may be anticipated from the MPC. He added that inflation will not be prone to ease instantly. Jyoti Prakash Gadia added that fiscal measures together with financial coverage motion could put a verify on inflation within the subsequent 6-9 months. Here are the edited excerpts. RBI has…

The Russia-Ukraine battle has uncovered India’s excessive vulnerability to world oil shocks as a rustic importing 85% of its crude oil requirement. Despite a number of coverage incentives over the previous few years to draw overseas investments in oil exploration and manufacturing, home output of hydrocarbons has been on the decline over the past decade. Both in the private and non-private sectors, the manufacturing has fallen, whereas the nation’s oil demand has grown by 55% within the decade to 2019 and is projected to rise by 80% from the present degree by 2040. As the chart exhibits, annual crude manufacturing…

Launching a particular collection of cash which might be ‘visually-impaired friendly’, Prime Minister Narendra Modi on Monday mentioned it’s essential to give attention to making home banks and foreign money an essential a part of the worldwide provide chain and commerce. Inaugurating the week-long occasions by the ministry of finance and company affairs as a part of ‘Azadi Ka Amrit Mahotsav (AKAM)’, to have fun 75 years of independence, Modi launched a particular collection of Re 1, Rs 2, 5, 10 and 20 cash. The cash could have the ‘AKAM’ design however usually are not commemorative cash and will probably…