Foreign exchange reserves of the oil producers have increased by $1.1 trillion over the past decade.
The immediate concern for the rupee is the sharp spike in oil prices
India's ONGC has lost the giant Kashagan oilfield to the Chinese after Kazakhstan blocked its $5 billion deal to buy US energy major ConocoPhillips' stake in the Caspian Sea oilfield.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Given all the risks in the world today, including the political instability, economic uncertainty, public health emergence and terrorism, there is not much buffer to absorb a significant change for the worse in the operating environment
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
The fifth-seeded Ukrainian reached her second straight Grand Slam semi-final after also making the last four at Wimbledon in July.
But the man known as "Gazza" to his team mates has become much more than a sum of his statistics, and seems to add a new string to his bow every season.
Centre and state governments are steadily increasing excise duties and value-added tax
Airlines will report losses in FY16 but 35% less Y-o-Y
Roger Federer held firm against a furious fightback from fellow Swiss Stanislas Wawrinka, edging his former apprentice 7-5, 6-3, 1-6, 4-6, 6-3 in a Melbourne Park classic to reach the final of the Australian Open on Thursday.
Christian Eriksen kept Tottenham Hotspur's hopes of completing a remarkable salvage job and reaching the last 16 of the Champions League alive with a late winner in his side's 1-0 victory over Inter Milan at Wembley on Wednesday.
'All but one of the previous oil shocks brought either a change of government or a political crisis.' 'Is the government braced for stormy weather?' asks T N Ninan.
Congress, Samajwadi Party, Trinamool Congress, Bahujan Samaj Party and Left MPs stormed into the Well of the House, saying the people were being cheated.
Petrol price was on Friday cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.
With fuel being the main input cost for the transport sector, rise in cost of operations is a given. The sector is unsure on the extent of being able to pass this on through rentals or to absorb it with higher volumes.
Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai.
India staring down the barrel as left-arm spinner Steeve O'Keefe's career-best six-wicket haul gave Australia a firm grip on the first cricket Test.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
The Ameo brings the best of both worlds in a single package as a value for money purchase for the Indian family at an incredible price point.
Bank shares were the top losers after sharp gains last week.
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
'If the RBI now only prints Rs 100 in small denomination notes and the remaining amount is printed in Rs 500 and Rs 2,000 denominations, then by March-end the central bank can completely normalise the cash crunch situation.'
While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
Analysts remain confident RIL's refining and petrochemical segment will continue to support growth.
A glance back at some important events that occurred in 2018.
Ril's shale gas may be impacted due to fracking ban
India's planned transition to electric vehicles will drastically affect the commodities market, says Aditya Gandhi
A round-up of all the Ranji Trophy matches played on Monday.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
'We were supposed to be a united nation based on unity and diversity.' 'Now what we are doing is there will be a class called Marathas, Dangars, etc.' 'The 100 per cent of our nation's population will be in classes and you will be allocating the nation's education and service resources in terms of classes.' 'How does it work out in terms of equality? Where is your equal nation?'
The Indian Army rejected DRDO's INSAS assault rifle in 2010 due to its all-round inefficiency. Now the army is being forced to accept DRDO's Excalibur rifle, which is basically an ungraded variant of the INSAS, to make up for a severe shortage of small arms.
Her great grandfather began sugar co-operatives in Maharashtra. Her grandfather was an eight time MP. Her uncle is currently leader of the Opposition in the Maharashtra assembly. Her cousin joined the BJP on Tuesday, March 12. Nila Vikhe Patil, who could one day become prime minister of Sweden, unravels her India connections in an e-mail interaction with Rediff.com's Vaihayasi Pande Daniel.
.jpg)
Analysts see FY16 CAD at 0.5-0.6% of GDP.
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
India is currently the world's fourth-largest oil consumer after the United States, China and Japan
In-form Swiss man in fray to become only the fifth player in the professional era to win the French and Wimbledon back-to-back
The year 2014 has been a milestone for the US economy with the average growth of 4.2 per cent in the last two quarters and addition of 2.65 million jobs till November, the White House has said.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
India is the world's fourth-largest importer of natural gas, accounting for six per cent of the global market.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances