The threat of an all-out trade war has dampened the outlook for the global economy, but the recent drop in oil prices should support demand, the International Energy Agency said on December 13.
Union Minister for road transport and highways and shipping, Nitin Gadkari, on December 12 flagged off first container mainline vessel from Tuticorin, opening direct shipping route to eastern countries.
With geo-political factors impacting crude prices, India needs to have a good oil hedging policy as the volatility will continue to rise, former Reserve Bank of India (RBI) Governor, Raghuram Rajan said Wednesday.
MCX CPO Dec edged lower due to weak Malaysia futures and stronger rupees. Currently it is trading at 15 – month low. According to SEA monthly update during 2017 – 18, import of palm oil down by about 6.5% to 8.7 mt compared to 9.3 mt last year.
Shares of Indian Oil Corporation (IOC) traded flat after the government cut its stake in the company by 2.69 percent.
The stock gained as much as 0.9 percent before shedding 0.6 percent.
A 230-km long national highway will soon connect Kurukshetra and Mahendergarh, an official release said on December 10. To be constructed at a cost of Rs 5,108 crore, the NH-152D would pass through Kaithal
Mining dependants from Goa on December 11 launched a sit-in protest at the Ram Leela Maidan in New Delhi for resumption of mining activity in the coastal state.
India’s coal imports rose 9.7 percent to 156.08 million tonne (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the year-ago period, according to a report by mjunction services.
In today’s chart, let’s take a quick look at the allegations that banks aren’t giving money to NBFCs. Remember October? When NBFCs were falling like nine pins because of lack of liquidity? Well, they seem to have got their liquidity from banks.
The Organisation of Petroleum Exporting Countries’ (OPEC) Vienna meeting finally concluded with an agreement over production cuts till April next year. The cartel and its partners have agreed to reduce production by close to 1.2