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Crude oil erased initial extension to overnight gains in early Asia on Thursday even as data from Energy Information Administration estimated a draw in oil inventories of 7.1 million barrels for the week to August 12. Persistently bleak economic data from across the globe pointing an imminent recession and hence weakening demand weighed down the commodity. Meanwhile, dollar remained supported following Fed minutes that further […]

The Federal Reserve released the minutes of its July monetary policy meeting on Wednesday, reaffirming the central banks plans to continue raising interest rates in an effort to return inflation to its 2 percent objective. The Fed did not provide specific guidance regarding the pace of future rate hikes, noting that the extent of future policy tightening would depend on the implications of incoming data […]

Oil and Natural Gas Corporation (ONGC): ONGC has signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil for Deepwater exploration in East and West coasts of India. The collaboration areas focus on the Krishna Godavari and Cauvery Basins in the eastern offshore and the Kutch-Mumbai region in the western offshore. GAIL (India): The board of directors of the company approved fundraising of $3.125 […]

Gold continues to linger under $1800 mark for the third day in a row weighed down by accruing strength in the US dollar. Rising worries of recession and Fed maintaining its rate hike stance is seen investors flocking to safe haven dollar for respite. Fed minutes reaffirmed the central banks plans to continue raising interest rates in an effort to return inflation to its 2 […]

Bharti Airtel paid the majority of the sum of Rs8312.4 crore, paying in advance for four years to free up funds for additional initiatives.

Trabectedin, sold under the brand name Yondelis, is an antitumor chemotherapy medication for the treatment of advanced soft-tissue sarcoma and ovarian cancer.

India is the biggest consumer of silver in the world, so increased demand there might help boost worldwide prices

Cues from international markets are negative today

The US stock market finished volatile session firmly in negative territory on Wednesday, 17 August 2022, as investors opted to cashed in on the recent strength in the markets amid lingering concerns about the economy, inflation, and interest rates. Meanwhile, selloff also fuelled after minutes from the Federal Reserve latest monetary policy meeting reaffirmed the central banks plans to continue raising interest rates in an […]

The union cabinet has approved to restore interest subvention on short term agriculture loans to 1.5% for all financial institutions. Thus, interest subvention of 1.5% will be provided to lending institutions for the financial year 2022-23 to 2024-25 for lending short term agri-loans upto Rs 3 lakh to the farmers. Increase in interest subvention will ensure sustainability of credit flow in the agriculture sector as […]