(M.C) Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a surge in Iranian exports. Nervousness of possible disruption of exports from major oil producer Russia as it masses troops on neighbouring Ukraine’s border has already helped to push oil prices to their highest since 2014. At around $95 a barrel, international crude prices are a way off the all-time peak of more than $147 hit in July 2008. As the Organization of the Petroleum…
Author: Amit Bhanot
(E.T) India’s fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick- up in industrial activity and mobility in Asia’s third largest economy after months of stagnation. India’s fuel consumption in 2022- 23, a proxy for oil demand, could rise to 214.5 million tonnes from the revised estimates of 203.3 million tonnes for the current fiscal year ending March 2022, according to government forecasts. The estimates were released on the website of the Petroleum Planning and Analysis Cell (PPAC), a unit of the federal oil ministry. Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by…
(NDTV) हिमाचल प्रदेश (Himachal Pradesh) के ऊना (Una) में एक पटाखा फैक्ट्री (Firecrackers Factory) में जबरदस्त ब्लास्ट हुआ है. इसमें 6 लोगों की मौत हो गई है, जबकि 15 से ज्यादा लोग झुलस गए हैं. इस हादसे में कई लोगों के जिंदा जलने की सूचना है. फिलहाल मौके पर फायर ब्रिगेड और पुलिसकर्मियों का दल राहत और बचाव कार्य में जुटा है. चश्मदीदों के मुताबिक, धमाका इतना जबरदस्त और भयानक था कि आस-पास की फैक्ट्रियों के शीशे टूट गए. सूत्रों से मिली जानकारी के मुताबिक मृतकों में 6 महिलाएं हैं और सभी उसी पटाखा फैक्ट्री में काम करती थीं. सभी घायलों को नजदीक के अस्पताल में…
(H.T) Kovind said Indian Navy had been at the forefront of the “Make in India” initiative with about 70 per cent of the contents of several warships and submarines under construction in various public and private shipyards across the country being indigenous. Complimenting the Indian Navy for becoming increasingly self-reliant, President Ram Nath Kovind on Monday said the development of indigenous naval shipbuilding capabilities was an impressive contribution to the making of an “Atmanirbhar Bharat.” The President, who is also the Supreme Commander of the armed forces, was addressing a gathering after reviewing the Indian Navy’s fleet at Eastern Naval Command…
(F.E) Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI’s Chairman Dinesh Kumar Khara said a startup’s worries are more on the equity side and assured full…
(T.T.I) he district Bharatiya Janata Party (BJP) leadership on Monday finalized the route for Union home minister Amit Shah’s roadshow, which will begin from Lalta Sweet House in Allahapur on Tuesday and pass through Matiyara Road, Alopibagh, Madhwapur Sabzi Mandi.Baihrana, Kotha Parcha, Ram Bhawan, Sulaki Chauraha and Loknath Crossing. BJP district spokesman Rajesh Kesharwani said that the roadshow will be 4-km- long and cover Allahabad North and Allahabad South assembly seats of the district. Road Show In Prayagraj He also informed that Shah will be addressing a public meeting at Durga Puja park, Preetam Nagar in Allahabad West assembly segment in favour of party candidate and cabinet minister Sidharthnath Singh…
(PTI) Voicing “deep concern” over the escalation of tension along the Russia-Ukraine border after Russian President Vladimir Putin ordered his troops into eastern Ukraine, India has told the UN Security Council that the immediate priority is de-escalation of tensions and said it was convinced that this issue can only be resolved through diplomatic dialogue. President Putin on Monday signed decrees to recognise Ukraine’s regions of ?Donetsk and Luhansk People’s Republics? as ?independent?, escalating the tension in the region and increasing fears of Moscow’s invasion of Ukraine. He also ordered Russian troops into eastern Ukraine in what the Kremlin called a…
(T.E.T) State-run power giant NTPC has paid an interim dividend of Rs 3,878.67 crore for the financial year 2021-22. The dividend paid is 40 per cent of the paid-up equity share capital of the company, it said in a statement. This is the 29th consecutive year that NTPC has paid dividend. The total installed capacity of the company stands at 67,832.30 MW, with 23 coal based, 7 gas based, 1 hydro and 19 renewable energy projects. Under joint ventures, NTPC has 9 coal based, 4 gas based, 8 hydro and 5 renewable energy projects.
(T.E.T) Shares of Kalpataru Power Transmission jumped 5 per cent in early trade Monday after the global power transmission and infrastructure player announced a merger with JMC Projects (India) Ltd which will create one of the largest engineering, procurement and construction (EPC) companies in the country. The merger process is expected to be completed in the fourth quarter of 2022-23 (Apr-Mar). Kalpataru’s scrip zoomed to a high of Rs 408.70 as against the previous close of Rs 389.05 on the National Stock Exchange. Shares of JMC Projects, however,ere down 3.9 per cent at Rs 92.65 on the NSE.
(F.E) Petrol and diesel prices saw no change on February 22 with oil marketing companies (OMC) keeping prices steady once again. Petrol in the National Capital of Delhi currently retails at Rs 95.41 per litre while diesel in the city is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel cost Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs in November last year. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL)…