The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
'Punjab farmers were unnecessarily being targeted and defamed for air pollution in Delhi'
The RBI's decision to tighten norms for unsecured personal loans is credit positive because lenders will need to allocate higher capital for such loans, thus improving their loss-absorbing buffers, Moody's Investors Service said on Monday. The Reserve Bank last week raised risk weights on unsecured retail loans, credit cards and lending to non-banking finance companies (NBFCs) by 25 percentage points. Moody's said unsecured loans have been growing rapidly in the past few years, exposing financial institutions to a potential spike in credit costs in case of sudden economic or interest rate shocks.
Pollution levels in the national capital entered the "severe" zone for the first time this season on Thursday, with scientists warning of a further spike over the next two weeks.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
S&P Global Ratings on Monday raised India's growth forecast for the current financial year to 6.4 per cent, from 6 per cent, saying that robust domestic momentum has offset headwinds from high food inflation and weak exports. The US-based rating agency, however, has cut growth estimates for the next fiscal (2024-25) to 6.4 per cent, as it expects growth to slow in the second half (October-March) of the current fiscal, on higher base impact and subdued global growth.
Foreign flows into Indian equities are expected to pause in the short to medium term, say analysts. The outlook is influenced by multiple factors, including rising oil prices, actions from global central banks, climbing bond yields, and the dollar index gaining prominence. "Valuations appear rich with the markets at record highs.
The death toll has gone up by 193 since Saturday morning, of which 99 were from Maharashtra, 27 from Gujarat, 18 from Delhi, nine each from Madhya Pradesh and Rajasthan, seven from West Bengal, six each from Tamil Nadu and Telangana, five in Bihar, three from Uttar Pradesh, two from Punjab, and one each from Haryana and Kerala
Mutual funds (MFs) added systematic investment plan (SIP) accounts at a record pace in 2023 with the net additions in the calendar year surpassing 15 million - 24 per cent higher than the 2022 tally of 12.2 million, according to data from the Association of Mutual Funds in India (Amfi).
India on Wednesday reported 21 cases of the JN.1 Covid variant, a development that is neither surprising nor particularly worrying, scientists said while allaying fears but also advising adherence to existing precautionary measures.
The commuters moving between Delhi and Haryana were either stuck up for hours on the closed borders or walked on foot to reach their respective destinations.
The Delhi youngster had had his fair share of struggles while transforming from a frail 15-year-old to a frighteningly quick fast bowler.
Kharge also targeted Prime Minister Narendra Modi, saying the people should not believe Modi's "guarantees".
This is the sixth consecutive day that coronavirus infections have increased by more than 15,000. The country has seen a surge of 3,57,783 infections from June 1 till date.
Are you looking to transform your health game? Dr Chetan Savaliya, director, Satvam Nutrition, has some tips for you.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
'I tell those in their 20s that age is on their side and they should start exercising early.' 'Just like investing in good stocks, if they start early, they will get the multiplier effects of being healthy, fit and strong later in life.'
At least four people, including two children, were killed and many injured in Dhaka on Friday when suspected arsonists set on fire a passenger train coming from Benapole, a port city bordering India, officials said, a day ahead of Bangladesh's general elections that have been boycotted by the main opposition Bangladesh Nationalist Party (BNP).
The year was 2014. A small boy in his teens stood in front of Noida's most famous cricket coach Phool Chand's office room, and there was no parent accompanying him.
Indian pharmaceutical firms foresee minimal disruptions in trade with Israel despite escalating regional tensions. Rising crude prices and export shipping insurance premiums have raised concerns, but the pharmaceutical sector remains optimistic. Pharmaceutical exports from India to Israel in FY 2020-21 amounted to $32.5 million, which represents only a minor segment of India's overall pharma exports.
Haryana Police lobbed tear gas shells at farmers from Punjab at Shambhu border between the two states as thousands of protesters stayed put there on Wednesday, the second day of their 'Delhi Chalo' march.
There are 8,15,538 active cases of coronavirus infection in the country.
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
Data for the first nine days of January shows that tourist arrivals from India to the Maldives has been at similar levels as last year during the same period.
The total coronavirus cases rose to 35,42,733, while the death toll climbed to 63,498 with 948 people succumbing to the disease in a span of 24 hours, the data updated at 8 am showed.
A total 17,336 coronavirus cases were reported in a span of 24 hours, taking the total infection tally to 4,33,62,294, while the death toll due to the disease has climbed to 5,24,954 with 13 new fatalities being reported, data updated by the ministry at 8 am showed.
Swift, who last weekend won the Grammy Award for album of the year for a record fourth time, has attended 12 Chiefs games since she began dating Kelce last year, boosting already sky-high NFL ratings.
The Delhi government's odd-even car rationing scheme to curb air pollution on Tuesday came under scrutiny by the Supreme Court which questioned its effectiveness and termed it "all optics".
Now, only the United States, Brazil, Russia and the United Kingdom are ahead of it. The number of active COVID-19 cases stands at 1,20,406, according to the health ministry. A total of 1,19,292 people have recovered and one patient has migrated, the ministry said.
Higher inflation has again become a matter of concern for fast-moving consumer goods (FMCG) companies. After prices of commodities like sugar and wheat moved higher and stabilised at those levels, the crude oil too surged, adding to FMCG firms' worries. Besides, a dry spell in August in the ongoing monsoon season impacted rural demand.
China's top respiratory disease expert Zhong Nanshan warned of a small COVID-19 spike in the winter and reminded the elderly and vulnerable populations to get vaccinated as soon as possible, state-run Global Times reported.
Firecracker bursting till late Sunday night led to a spike in pollution levels amid low temperatures.
After pumping in close to $20 billion in the preceding five months, foreign portfolio investors (FPIs) have yanked out $220 million from domestic stocks this month. The selling by overseas funds has led to turbulence in the domestic markets, with benchmark indices swinging wildly recently.
While Delhi reported 19,486 Covid cases in the last 24 hours, Maharashtra logged 63,729 infections.
What can you do with common leftovers -- bread, coconut chutney, dal, rice, rotis.
VIn a dramatic turn of events on Day 3, India faced a resounding defeat against South Africa in the first Test as their batting lineup crumbled, managing only 131 runs in the second innings after the hosts posted a formidable 408 in their initial essay.
As of now, Gennova Biopharmaceuticals has launched a vaccine, Gemcovac-OM, which is based on the Omicron variant.
The World Health Organisation (WHO) has classified the EG.5 strain of the SARS-CoV-2 virus circulating in different parts of the world, including India, as a 'variant of interest' but said it did not seem to pose more of a threat to public health than other strains.
The spike in food prices at the onset of the monsoon season has corroborated the Reserve Bank of India's (RBI's) view that the fight against inflation is far from over, the State of the Economy report of the central bank said. At the same time, the report said that the country is poised to become the fastest-growing major economy in the world, notwithstanding some sequential moderation in economic activity in June. Consumer Price Index (CPI)-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation.
Bharti Airtel on Thursday announced new postpaid plans and discontinued some previous ones. "In the post-pandemic world, an abundance of high-speed data is increasingly becoming a key need for customers as work from home and online education is the new normal. "In this context, Airtel has further simplified its postpaid plans to offer industry-leading data benefits backed by a 5G-ready network and superior digital-first customer care. "The plans also come with a range of exclusive benefits such as bundled content and business productivity tools," Airtel said in a press release.
