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India may push for free trade pacts pre-elections: Govt source

India may push for free trade pacts pre-elections: Govt source

Breaking news, Business, Latest headlines, slider September 5, 2023 at 10:37 am 0 comments

When questioned about the possibility of finalising these agreements before the upcoming elections, a government official stated that “efforts are currently in progress.” Currently, senior officials from India and the UK are engaged in the 13th round of negotiations over the proposed deal. UK Business and Trade Secretary Kemi BadenochRead More

Mahindra To Sponsor Cricket World Cup On Disney Star

Mahindra To Sponsor Cricket World Cup On Disney Star

Breaking news, Latest headlines, slider, Sports September 5, 2023 at 10:37 am 0 comments

Mahindra & Mahindra Ltd. on Tuesday said it will be an associate sponsor with Star Sports for the ICC cricket world cup which starts next month. As the broadcast associate sponsor for Star Sports and co-powered sponsor for Disney+Hotstar during the ICC Men’s Cricket World Cup 2023, the auto majorRead More

No one has right to change country’s name: Sharad Pawar

No one has right to change country’s name: Sharad Pawar

Breaking news, India, Latest headlines, slider September 5, 2023 at 10:36 am 0 comments

Jalgaon: Nationalist Congress Party (NCP) president Sharad Pawar on Tuesday said no one has the right to change the country’s name, after the Congress claimed that a G20 dinner invite refers to the President as “President of Bharat”. Pawar said there will be deliberation on the issue in a meetingRead More

Watch: Rashmika Mandanna attends her assistant’s wedding, couple falls at her feet

Watch: Rashmika Mandanna attends her assistant’s wedding, couple falls at her feet

Breaking news, Entertainment, Latest headlines, slider September 5, 2023 at 10:34 am 0 comments

Rashmika Mandanna,, attended her assistant Sai’s wedding in Hyderabad. She chose to wear a bright yellow saree and tied her hair up in a traditional style. However, what garnered immense attention was the actress’ reaction when the couple touched her feet for blessings. RASHMIKA MANDANNA ATTENDS HER ASSISTANT’S WEDDING PopularRead More

Fresh COVID-19 Wave In The US Worsens As Weekly Hospitalizations Double; Know The Symptoms

Fresh COVID-19 Wave In The US Worsens As Weekly Hospitalizations Double; Know The Symptoms

Breaking news, Health, Latest headlines, slider September 5, 2023 at 10:33 am 0 comments

New Delhi: A fresh wave of COVID-19 infections in the United States has become a cause of concern. Even as the rate of severe infection may be relatively low, experts believe that there are more infections than the current surveillance systems can capture, CNN reported. For weeks now, the virusRead More

Visceral fat: Here Are Some Remedies To Reduce It

Visceral fat: Here Are Some Remedies To Reduce It

Breaking news, Health, Latest headlines, slider September 4, 2023 at 2:33 am 0 comments

Visceral fat, often referred to as “belly fat,” is not just about aesthetics. It’s a type of fat that surrounds your internal organs and can contribute to various health risks. Understanding what visceral fat is and adopting strategies to reduce it is essential for maintaining overall well-being. What Is VisceralRead More

A 7 percent rally in crude oil prices took the chart to its highest level in seven months. And, then came the big news. Aramco, the world’s biggest oil refiner , is reportedly planning a $50 billion share sale at a time when crude oil prices are expected to rise significantly.  Now, on the morning of September 4 in India, global crude oil is at its highest in nine months .  According to a Wall Street Journal report citing sources, the follow on sale of shares to the public may take place before the year end, in Riyadh stock market. This is the third share sale by the company, owned by the Kingdom of Saudi Arabia, since its initial public offering (IPO) in 2019.  High oil prices are good for Aramco because higher the price, better the valuation for its shares. Saudi Arabia had earlier decided to delay the share sale citing poor market conditions. At the end of June 2023, Aramco’s profit was down 38 percent to $30.1 billion due to pressure on crude oil prices.  Expectations are that oil prices may rise even further. Barclays, for instance, estimates that crude oil may cost as much $97 a barrel in 2024. Earlier in August, the Saudi Press Agency said, citing sources, that the kingdom plans to cut oil output by a billion barrels a day.  Goldman Sachs expects oil prices at $93 a barrel in the next 12 months. Watch this interview for the rationale provided by Daan Struyven, who leads the research on oil markets at the global investment bank.  https://www.youtube.com/watch?v=MsRnpsoOCA0  The official decision is yet to be announced and if it comes through, this will be the third straight month of output cuts. When the production of crude oil is cut, the market price goes up.  This is bad for a country like India, which imports over 80 percent of all the crude oil it uses. If the price of crude oil goes up, the resultant spike in prices of petrol and diesel will make the current problem of inflation even worse.  The Indian government, which is bracing for elections in both states this year, and at the centre next year, has hinted that it would like to cut fuel prices to ease the burden on the consumers and voters. Last week, it announced a cut in price of cooking gas . However, a spike in crude oil prices may make this move less likely or more expensive for the exchequer.  Meanwhile, the Reserve Bank of India has been clear that it intends to check inflation with more rate hikes, if necessary. India’s already facing high food inflation due to erratic rains and supply constraints. A spike in crude oil prices will only make it worse.  RBI tolerance level for consumer price inflation is 6 percent at worst. A spike in crude oil prices is not good for the Indian economy.  The latest consumer price index for July showed a rise of over 7.4 percent. If it gets worse, the Indian central bank may shift gears and return to a hiking interest rates, which equity markets don’t like.

A 7 percent rally in crude oil prices took the chart to its highest level in seven months. And, then came the big news. Aramco, the world’s biggest oil refiner , is reportedly planning a $50 billion share sale at a time when crude oil prices are expected to rise significantly. Now, on the morning of September 4 in India, global crude oil is at its highest in nine months . According to a Wall Street Journal report citing sources, the follow on sale of shares to the public may take place before the year end, in Riyadh stock market. This is the third share sale by the company, owned by the Kingdom of Saudi Arabia, since its initial public offering (IPO) in 2019. High oil prices are good for Aramco because higher the price, better the valuation for its shares. Saudi Arabia had earlier decided to delay the share sale citing poor market conditions. At the end of June 2023, Aramco’s profit was down 38 percent to $30.1 billion due to pressure on crude oil prices. Expectations are that oil prices may rise even further. Barclays, for instance, estimates that crude oil may cost as much $97 a barrel in 2024. Earlier in August, the Saudi Press Agency said, citing sources, that the kingdom plans to cut oil output by a billion barrels a day. Goldman Sachs expects oil prices at $93 a barrel in the next 12 months. Watch this interview for the rationale provided by Daan Struyven, who leads the research on oil markets at the global investment bank. https://www.youtube.com/watch?v=MsRnpsoOCA0 The official decision is yet to be announced and if it comes through, this will be the third straight month of output cuts. When the production of crude oil is cut, the market price goes up. This is bad for a country like India, which imports over 80 percent of all the crude oil it uses. If the price of crude oil goes up, the resultant spike in prices of petrol and diesel will make the current problem of inflation even worse. The Indian government, which is bracing for elections in both states this year, and at the centre next year, has hinted that it would like to cut fuel prices to ease the burden on the consumers and voters. Last week, it announced a cut in price of cooking gas . However, a spike in crude oil prices may make this move less likely or more expensive for the exchequer. Meanwhile, the Reserve Bank of India has been clear that it intends to check inflation with more rate hikes, if necessary. India’s already facing high food inflation due to erratic rains and supply constraints. A spike in crude oil prices will only make it worse. RBI tolerance level for consumer price inflation is 6 percent at worst. A spike in crude oil prices is not good for the Indian economy. The latest consumer price index for July showed a rise of over 7.4 percent. If it gets worse, the Indian central bank may shift gears and return to a hiking interest rates, which equity markets don’t like.

Rishi Kapoor is undeniably one of the greatest actors in Indian cinema. His illustrious career is adorned with iconic films like Bobby, Kabhi Kabhie, Karz, Chandni, Fanaa, Namastey London, Agneepath, Kapoor & Sons, and many more. Tragically, he left this world on April 30, 2020, after a courageous two-year battleRead More

Why global crude oil prices may rise further

Why global crude oil prices may rise further

Breaking news, Business, Latest headlines, slider September 4, 2023 at 2:31 am 0 comments

A 7 percent rally in crude oil prices took the chart to its highest level in seven months. And, then came the big news. Aramco, the world’s biggest oil refiner, is reportedly planning a $50 billion share sale at a time when crude oil prices are expected to rise significantly.Read More

Top Mobile Phones under Rs 10000 in India (March 2023)

Top Mobile Phones under Rs 10000 in India (March 2023)

Breaking news, Latest headlines, slider, Technology September 4, 2023 at 2:30 am 0 comments

Top 5 Mobile Phones under Rs 10000: The top mobile phones under Rs 10000 offer a well-rounded set of features that don’t put a dent in your pocket. There are many mobile phones under Rs 10000 available in India which are affordable and dependable. The best phones under Rs 10000Read More

Michael Pratt Near Perfect In No. 24 Tulane’s 37-17 Victory Over South Alabama

Michael Pratt Near Perfect In No. 24 Tulane’s 37-17 Victory Over South Alabama

Breaking news, Latest headlines, slider, Sports September 4, 2023 at 2:29 am 0 comments

Every pass Tulane quarterback Michael Pratt threw – from high, arching throws deep down field to quick strikes in the flat – hit the hands of his intended receiver. Only one was dropped by Jha’Quan Jackson. But the speedy receiver made up for it – and then some. Pratt completedRead More