Investors are showing some interest in the downstream energy cycle. Refiners and marketers, especially the public sector (PSU) oil marketing companies (OMCs) could see a revival of marketing margins. Lower crude oil and gas prices may also improve margins in industries like paints, logistics, synthetic fabrics, plastics, and fertilisers. In the medium-term, however, there could be a supply overhang affecting OMCs as new refining capacities are scheduled to be commissioned, especially in China, and this may lead to a drop in the refining margins as capacity would be surplus to demand until and unless there's a pick-up in global growth.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
UK environment minister Lord de Mauley hosted a round-table meeting here with representatives of mango and vegetable importers and exporters from the UK and India, Deputy Indian High Commissioner to the UK Virendra Paul, and senior regulators from Defra and the Food and Environment Research Agency.
It sets the clock for a two-year negotiation process for Britain's relationship with the EU as a non-member.
Consolidated earnings of Bharat Forge in Q3FY23 missed estimates, largely due to higher-than-expected interest burden, although operational numbers (including standalone numbers) were close to consensus. Still, the management guidance was positive and appeared to be based on logic.
The terrorists have been identified as Raqib Ahmad Sheikh, a resident of Shiganpora in Kulgam, and Pakistani nationals Waleed and Numan, a police spokesman said.
Notably, Ukrainian forces disabling bridges across the Dnipro river and attacking Russian supply lines made it very difficult for Russia to defend the occupied territory.
The negotiations on a EU-US FTA will set the standards not only for the future transatlantic trade and investment, including regulatory issues, but also for the development of global trade rules.
The proposed comprehensive free trade agreement between India and the 27-nation EU bloc includes relaxation of visa norms for professionals.
The rumblings of discontent from Righteous Europe over Qatar's admittedly appalling human rights record can only be viewed as deeply disingenuous and phoney, argues Kanika Datta.
The bill will now go to the House of Lords on Monday for voting before royal assent from Queen Elizabeth II to become law.
Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.
The motion takes note of the UNHCR statement last month, which described the CAA as 'fundamentally discriminatory in nature', and also of other United Nations as well as the EU guidelines on human rights as it calls on the Indian government to 'repeal the discriminatory amendments'.
In a letter to the European Commission President Jose Manuel Barroso, Merkel and Sarkozy urged the commission to come up with its proposals to introduce tougher regulations on short selling of sovereign bonds and shares of the euro zone nations and credit insurances known as Credit Default Swaps on those bonds and shares before next month's meeting of the EU economic and finance ministers.
Europe's leaders have expressed delight over the awarding of this year's Nobel Peace Prize to the European Union and hailed it as a tremendous honour and encouragement for their endeavour to promote unification, amid derision from the British press which called the decision "frivolous".
British Prime Minister Boris Johnson confirmed in a statement on Thursday that the European Union Withdrawal Agreement Bill has cleared its parliamentary stages and is now awaiting Royal Assent by Queen Elizabeth II before it goes on for EU ratification.
A resolution commemorating the life of Indian human rights defender Father Stan Swamy and seeking an independent investigation into the death of the Jesuit priest has been introduced in the US Congress, Congressman Juan Vargas has said.
Ahead of the Indo-European summit scheduled on November 30 in New Delhi, the Commission yesterday said the statistics underscore the growing importance of the emerging Indian economy in the world food trade and the overall trade with Europe, which has grown by 80 per cent since 2000.
The shadow of the European Commission's anti-trust proceedings is hanging over Companhia Siderurgica Nacional's bid for Anglo-Dutch steelmaker Corus.
Banks bore the brunt of the sell-off.
Regulators tighten net on safety grounds.
The latest extension until October 31 makes it more likely that the UK would have to contest the European elections next month, something none of the British political parties were looking forward to in light of the June 2016 referendum in favour of Brexit.
India is struggling with a second wave of the pandemic with more than 3,00,000 daily new coronavirus cases being reported in the past few days, and hospitals in several states are reeling under a shortage of medical oxygen and beds.
At a joint media briefing with Lavrov, Jaishankar listed issues such as "factors of instability" such as terrorism and its cross-border manifestation and said it remains a "major concern".
In a statement on Tuesday, the European Commission said it had requested 'information from certain pharma companies asking them to submit copies of their patent settlement pacts.'
May is now expected focus on pushing her controversial withdrawal agreement through for a last-ditch Commons vote next Tuesday
Ashok Kumar Gupta, chairman of the Competition Commission of India (CCI), has never minced words while talking about the giant technology companies, referring to them on multiple occasions as "centres for entrenched and unchecked dominance". The anti-trust regulator has, in fact, been cracking down on big technology companies such as Google, Apple, Facebook, and others, after they were hauled up by regulators and lawmakers in Europe and Australia. However, in several instances, existing regulations have prevented the CCI from going all out against these companies for anti-competitive activities.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
May has already announced that she will make a statement to the House of Commons shortly after invoking Article 50 of the Lisbon Treaty.
This comes at a time the domestic industry is gearing up to enter the nuclear arena. On Monday, the Associated Chambers of Commerce and Industries set up a lobby group comprising 40 Indian companies, including Jindal Power and Tata Power, to promote private participation in nuclear power generation.
Seeking stronger trade and economic cooperation, the European Commission on Friday said there was a need to formulate an information technology policy to promote the competitiveness of the economy.
Now that the vaccination drive is in full force and Covid-19 restrictions are easing up, Prime Minister Narendra Modi is expected to follow a busy diplomatic calendar in the coming days.
Johnson, the former foreign secretary, secured 92,153 votes against 46,656 of his rival Jeremy Hunt in the battle for 10 Downing Street.
The Withdrawal Agreement was rejected by 432 votes to 202 - a majority of 230, the biggest defeat ever suffered by a British premier in modern history.
'For the common man, the economic conditions are not going to get better.'
In EU Competition Commissioner Margrethe Vestager, who has kickstarted the long-pending anti-trust investigation into Google, the internet search giant may have finally met its match.
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