(FE) Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand. Brent futures gained 30 cents, or 0.3%, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cents to $81.22 per barrel, a 0.3% gain. Both benchmarks had gained more than 1% on Thursday. Brent was on track to post its second weekly rise if gains held. Improving gross domestic product and inflation data in the United States provided hope that the U.S. Federal Reserve could slow its pace of…
Author: Aruna Sharma
(ET) Union Home Minister Amit Shah will be arriving in poll bound Karnataka’s Hubballi-Dharwad and Belagavi on January 28 to attend various events and take part in a road show organised by the BJP. The visit to what is known as Kittur-Karnataka (Mumbai-Karnataka) region, where BJP is considerably strong, is the second such by Shah to the state within a month. The Karnataka unit of BJP hopes this tour and more such visits by the BJP leadership in the days to come, will help the party in mobilising its cadre base and achieve its mission 150 target (winning at least…
(ET) More than a month after Arun Kumar Singh was appointed chairman of India’s largest oil and gas producer ONGC, the retired BPCL head is also the CEO of the company now, according to a stock exchange filing by ONGC. Oil and Natural Gas Corporation (ONGC) has been traditionally headed by a chairman and managing director. It, however, did not have a full-time head after Shashi Shanker superannuated on March 31, 2021. The government on December 7 named Arun Kumar Singh, who had a couple of months back retired as head of Bharat Petroleum Corporation Ltd (BPCL), as the chairman…
(ET) India’s oil processors are open to buying even more Russian crude if the price is right, said refinery executives, potentially providing a bigger outlet for Moscow almost a year after its invasion of Ukraine. The South Asian nation increased Russian oil imports in 2022, ending the year with record monthly volumes as discounted barrels enticed buying. Executives said more cheap crude may be available to India from early next month, with a European Union ban on seaborne Russian fuel shipment possibly weighing on refining rates in the key OPEC+ producer. India and China have become a crucial destination for Russian…
The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, today afternoon, in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman and Union Ministers of State for Finance Shri Pankaj Chaudhary and Dr. Bhagwat Kisanrao Karad. A customary Halwa ceremony is performed every year before the “lock-in” process of Budget preparation begins. Like the previous two Union Budgets, Union Budget 2023-24 will also be delivered in paperless form. The Union Budget 2023-24 is to be presented on 1st February, 2023. All the 14 Union Budget documents, including…
(PTI) Top leaders of the BJP including party chief J P Nadda, Union Home Minister Amit Shah and others met here on Thursday to finalise candidates for the upcoming Tripura assembly elections. The meeting was also attended by Tripura Chief Minister Manik Saha, BJP’s state incharge Mahesh Sharma and Rajya Sabha MP Biplab Deb. Earlier in the day, BJP’s Tripura unit core group members met at party leader and northeast incharge Sambit Patra’s residence.
The first G20 Infrastructure Working Group (IWG) meeting under G20 India Presidency will take place in Pune, Maharashtra on16th -17th January 2023. The meeting will be joined by the IWG member countries, guest countries and international organizations invited by India to discuss the 2023 Infrastructure Agenda under the Indian G20 Presidency. The Department of Economic Affairs, Ministry of Finance, Government of India will host the two-day IWG meetings, along with Australia and Brazil as the co-chairs. The first IWG meeting in Pune would be attended by 65 delegates across the G20 membership, invitee countries and International Organizations. The G20 Infrastructure Working Group…
(ET) India’s import of crude oil from Russia increased further in December 2022, topping 1 million barrels per day for the first time ever as Moscow remained its top oil supper for the third month in a row, according to data from energy cargo tracker Vortexa. Russia, which made up for just 0.2 per cent of all crude oil India imported in the year to March 31, 2022, supplied 1.19 million bpd in December. This was higher than 909,403 bpd crude oil India imported from Russia in November and 935,556 bpd in October 2022. The previous record for most crude…
(PTI) The companies signing the MoUs will invest in data centre, logistic service, EMS for smart devices and IoT products, agro processing cluster, data center and logistic park and food processing. With this, 19,500 employment opportunities will be created in the state, officials claimed. Yogi Adityanath is working on a comprehensive action plan to make the state’s economy one trillion dollars. For this, Global Investors Summit (GIS-23) is being organised in February. In view of this, last month, under the leadership of Water Power Minister Swatantra Dev Singh and Energy Minister AK Sharma, Team Yogi went on a tour of…
(PTI) A two-day national executive meeting of the BJP will begin from Monday here that is likely to endorse an extension of tenure for party national president J P Nadda and deliberate on its strategy for assembly and general elections. Nadda’s three-year term as the national president ends this month. He is likely to lead the party till the 2024 Lok Sabha elections are over. Before the start of the national executive meeting on Monday, the party has organised a road show for Prime Minister Narendra Modi from Patel Chowk to the NDMC convention centre, the meeting venue.