Petrol and diesel prices, which have been on a freeze for the past four months in view of assembly elections in states like Uttar Pradesh, need to be increased by over Rs 12 per litre by March 16 for fuel retailers to break even. International crude oil prices shot above $120 a barrel for the first time in nine years on Thursday before retreating a little to $111 on Friday, but the gulf between cost and retail rates has only widened. With international oil prices - on which domestic fuel retails are directly benchmarked - spiking in the last two months, state-owned fuel retailers "need a massive price hike of Rs 12.1 per litre on or before March 16, 2022, just to breakeven and a price hike of Rs 15.1 is required" after including margins for oil firms, ICICI Securities said in a report.
The Somali-American model is making the right career choices.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
J P Morgan Property Fund, which has mobilised over $300 million to focus on Indian real estate, is going to set up a residential project in Chennai, at an estimated cost of Rs 400 crore (Rs 4 billion).
Henry Okram, nephew of former Chief Minister and senior Congress leader Ibobi Singh, Panonam Broken, Oinam Lukhoi Singh, Ngamthang Haokip, Ginsuanhau Zou were inducted into the BJP by its vice president Baijayant Jay Panda.
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
For the post of deputy chief minister, the names of Swatantra Dev Singh, Baby Rani Maurya, Brijesh Pathak and Keshav Prasad Maurya are in talks.
Scindia has been named as the BJP's Rajya Sabha candidate from Madhya Pradesh.
For the past one week, Modi has been holding in-person meetings with Union ministers apparently to take stock of the work done by the government in the last two years and to discuss various issues.
Shah said he is confident that BJP will return to power in four states -- Uttar Pradesh, Uttarakhand, Goa and Manipur -- and make impressive gains in Punjab.
"Before January 15 next year, when the election will be one year away, we are planning to select candidates for at least 150 assembly constituencies, so that they can start working," Kumaraswamy told reporters.
Congress spokesperson Gourav Vallabh said Singh was 'not fully committed' towards the party's ideology and that is why he left this fight midway to join the saffron party.
Adityanath has earned a new sobriquet "bulldozer baba" due to raging of properties of criminals and mafias built through illegal means.
According to sources, the rallies are planned in such a way that all the 23 districts of West Bengal and 33 districts of Assam will be covered in these rallies.
The breakdown in communication between national selectors, led by chairman Chetan Sharma, and the team management comprising skipper Virat Kohli over Bengal opener Abhimanyu Easwaran's contentious selection, is not the first such instance in Indian cricket.
2022 is shaping up as the year brimming with job opportunities for people who possess relevant skillsets. Therefore, it is crucial for fresh graduates and young professionals to enroll in relevant certification courses to add more feathers to their introductory portfolio
According to JP Morgan, it seems that Jio is willing to go for the jugular in chasing market share if this hurts some of its standing rivals like Vodafone and Idea to a point from where they find it difficult to fight back.
Hours after Jitin Prasada switched from Congress to Bharatiya Janata Party, party spokesperson Gaurav Bhatia welcomed Prasada to the party asserting that his inclusion would make the BJP stronger in Uttar Pradesh.
The ultimate consequences of Rahul Gandhi's yatra may be known only in 2024, points out Dr Sudhir Bisht.
People's faith in the BJP and his government have remained "unshaken", Modi said.
With just over a month to go for assembly elections in Goa, political observers feel the Congress may upset the Bharatiya Janata Party's plans for retaining power in the coastal state, but appear less enthused about the Trinamool Congress, whose entry has added colour to the poll campaign.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
With several political stalwarts of Uttar Pradesh no longer on the scene, it will be keenly watched how their children lead at the hustings this time without their formidable presence.
'Consider Mrs Gandhi's view of her opponents: Traitors, anti-nationals, rumour-mongers.' Does the spirit of the Emergency-era Indira Gandhi still rule India? asks Vir Sanghvi.
Healthcare workers at the frontline of India's COVID-19 battle got their first jabs after Prime Minister Narendra Modi launched the world's biggest drive via video conferencing.
'In the course of my interactions with him, Modi insisted that he does not believe charisma alone can sustain people's trust for long.' 'That is why Modi consistently refers to Mahatma Gandhi to contextualise his politics.' 'He believes in taking his ideas to the masses and getting their acceptance as an index of approval.'
A revealing excerpt from Ajay Singh's The Architect of the New BJP: How Narendra Modi Transformed the Party.
"If Rajmata Sahab was here today, she would be elated to see you put the nation first. I admire your strength of character and courage. It's good to be on the same team. Welcome to the BJP," she tweeted.
Incumbents Pushkar Singh Dhami and Pramod Sawant are the clear favourites but face some opposition
Cape Cobras were dealt a severe blow after all-rounder JP Duminy has been ruled out of Oppo Champions League Twenty20 due to an injury and has been replaced by Sybrand Engelbrecht.
Mumbai Indians retains 18 players; releases Duminy, Cummins, Rahman
Driven by a historic IPO boom that saw 63 issuers, led by new-age tech companies, garnering a whopping Rs 1.2 lakh crore ($16.6 billion) from the primary market, investment bankers laughed their way to the bank collecting $1.1 billion in fees in the year just gone by, making it the highest-ever advisory fees collected, says an industry report. At $16.6 billion, the initial public offers (IPO) set a lifetime record in 2021, bettering the previous record of $10.8 billion in 2017 by a wider margin. While the number of IPOs more than doubled from a year ago to 63, the proceeds were more than four-times the amount raised from the same period previous year and the momentum is likely to continue as more IPOs are anticipated next year, with mother of all issues, LIC issue, expected to boost proceeds next year much higher, it said.
Rajneesh Gupta presents Rajasthan Royals's IPL record over the years.
The BJP is beating the development drum this time more loudly to overcome many other hurdles besides anti-incumbency. While the party is claiming it is looking for a much bigger victory than in 2017, BJP observers are not too sure about it, reports Shishir Prashant.
Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.
South African batsman JP Duminy is to return home ahead of the third Test against England in a move that could signal the end of his Test career.
'...when I read Abhinav Bindra Sir's autobiography, it really inspired me, because he gave his 100 per cent to what he did and he won India's first individual gold medal.'
'Amar Singh witnessed some of the major political developments from close quarters'
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
BJP chief JP Nadda said that the party accepts mandate and will act as constructive opposition
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