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Govt defers Rs 5,000 cr plan to fill parts of strategic petroleum reserve

Sat, 01/20/2024 - 08:22
In the federal budget for 2023-24, the government had outlined a plan to purchase crude oil worth Rs 5,000 crore for caverns in the southern cities of Mangalore and Visakhapatnam

Oil mkt braces for a weeks-long disruption to shipping in southern Red Sea

Sat, 01/20/2024 - 04:13
Suezmax ships - so-called for their ability to sail full through the canal that links Asia and Europe - are up about 50% to almost $70,000 a day

Interim Budget to cut fiscal deficit in election year, focus on capex: Poll

Fri, 01/19/2024 - 22:39
The government is aiming to narrow the fiscal deficit to 4.50% of GDP by the end of the 2025-26 fiscal year (FY) from 5.90% in the current year to end-March 2024

Oil drops slightly on China demand concerns but records weekly gain

Fri, 01/19/2024 - 21:13
Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41

Maharashtra signs investment MoUs worth Rs 3.53 trillion at Davos

Fri, 01/19/2024 - 12:43
Maharashtra Chief Minister Eknath Shinde on Friday said he is resolute in leading the state to its ambitious target of becoming a USD 1 trillion economy as the state government secured investment MoUs worth Rs 3.53 lakh crore (USD 44 billion) this week at the World Economic Forum Annual Meeting. The state also received an expression of interest for an additional Rs 1 lakh crore investment, taking the total to Rs 4.5 lakh crore (nearly USD 57 billion) with a potential to create about two lakh jobs across sectors, including electronics, IT, data centres, gems and jewellery, agriculture, automobile and renewable energy, an official statement said. During his visit here accompanied by Industries Minister Uday Samant and several senior officials, Shinde signed 19 MoUs (Memoranda of Understanding). Presenting Maharashtra as the premier investment hub under the theme "Bringing Confidence during a changing World", Shinde held meetings with a large number of global political leaders, industr

Service sector firms led India Inc's job creation in FY23, says study

Fri, 01/19/2024 - 11:12
The study by the state-run bank sums the number of employees of close to 3,000 companies in the corporate sector in the past five years

Wheat sowing area crosses 34 million hectares, pulses lags: Govt data

Fri, 01/19/2024 - 10:36
Skymet cites early trends, predict 'normal' monsoon in 2024

PFRDA asks banks to shore up private sector subscribers under NPS

Fri, 01/19/2024 - 10:34
The chairman said the decline seen in e-NPS (voluntary accounts) was responsible for the slow pace of enrolments this year

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