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Oil falls, pressured by China lockdowns, reserves release 0

April 11, 2022

Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude fell $2.04, or 2%, to $100.74 a barrel at 0139 GMT, while

Sri Lankan President Gotabaya Rajapaksa revokes state of emergency 0

Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with immediate effect in his island nation. In a gazette notification no 2274/10 issued on Tuesday night, the president said he has withdrawn the emergency rule ordinance which gave security forces sweeping powers to curb any

Fuel prices on April 5: Petrol, diesel prices hiked by 80 paise, total increase stands at Rs 9.20 per litre 0

Economy

April 5, 2022

Petrol and diesel prices have been hiked by 80 paise a liter each this morning, CNBC-TV18 reported, taking the total increase in the last two weeks to Rs 9.20 per liter. This is the 13th increase in prices in the last 15 days since the end of a four-and-half-month long hiatus in rate revision. Rates

India’s exports rise to record high of $418 billion in FY22 0
- Economy
- April 4, 2022
India’s merchandise exports spurt to a record high of USD 418 billion in 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals, according to official data released on Sunday. India’s goods trade (exports and imports) crossed USD 1 trillion during 2021-22 as the country’s imports to have touched an
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Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal 0
- Economy
- April 1, 2022
The total wheat export stood at 70.30 lakh tonnes till March 21 this fiscal, with maximum shipments to Bangladesh followed by Sri Lanka and UAE, Parliament was informed on Friday. As both Ukraine and Russia are major exporters of wheat with more than 25 percent total share in the global wheat trade, there is scope for India to increase exports
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Russia offers oil to India at steep discount of $35 a barrel to pre-war price 0
- Commodity
- March 31, 2022
Russia has offered oil to India at a steep discount of $35 barrel on prices before the war as mounting international pressure lowers the appetite for its barrels elsewhere following the invasion of Ukraine, reported Bloomberg. The sanctions-hit nation is offering its flagship Urals grade to India at discounts of as much as $35 a
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