Russia Is Cutting India’s Natural-gas Supply, What’s Next?
It is getting harder for India to source natural gas as Russia has slowed down the supply since the Ukraine invasion. Europe is drawing away much of the global natural gas supply to its shores. “Contrary to widespread alarmism over the adverse impact of the Russia-Ukraine war on global commodity prices, the importance of commodity…
Aman Goyal
Federal Reserve Imposed Highest Interest Rate Hike Since 1994
On Wednesday, the Federal Reserve increased the interest rates considering the rising inflation in the United States. It is the highest rate hike by the Fed since 1994. After a Federal officials meeting of two days, the central bank raised interest rates by 75 basis points. This move will help boost the Federal Funds rate…
Shipra Prajapati
Government Allows Duty-free Import Of Crude Soybean
The center has exempted duty and agriculture tax on yearly imports of 20 lakh metric tonnes of crude soybean and sunflower oil, said government sources on Tuesday. The duty-free import will be applicable for two financial years (2022-2023, 2023-2024), said the finance ministry. “This will provide significant relief to the consumers”, the government source added. …
Vipin
India Plans Standalone Renewable Battery Power Bank
India is all set to invest in the first-of-its-kind standalone renewable battery power bank. With an investment of Rs. 2000 Crore, India wants to make green energy available on tap for discoms and grid operation during peak demand. But the spike in the price of lithium, key ingredients to make batteries, and the supply chain…
Yash Sharma
India’s Exports Crossed $400 Billion First Time In The History
India has met the annual export target for the first time ever. The country crossed the crucial threshold of the $400 billion annual merchandise export target. In this regard, PM Narendra Modi tweeted, ━ “India set an ambitious goods export target of $400 billion and achieved it for the first time ever. I congratulate our…
Sumit
LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever
The market regulator has approved the much-awaited IPO of 2022. According to the sources, SEBI has issued an observation letter. LIC had filed it’s Draft Red Herring Prospectus (DRHP) with SEBI in February. As per DRHP, the issue would be an offer to sell 31,62,49,885 (31.62 crores) equity shares by the government, which holds a…
Indian Govt Amending Budget Plans Amist Russia-Ukraine War
Budget 2022-23 was launched in February, which came with lots of hopes, including boosting employment, strengthening infrastructure, and a lot more. But the Russia-Ukraine war could impact India’s spending plans. As per the reports, India is likely to be affected by the Russia-Ukraine war following a surge in global prices of commodities. The Indian govt…
Vikas
Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl
Russia-Ukraine War – Day 8 – The war has shaken the whole world, from the global stock market to transportation. US and European stocks, which have fallen a few days back, rebounded on Wednesday, but crude prices surged past $110 a barrel as fighting raged in Ukraine for the seventh day, posing a challenge for…
John David
Three Shipping Lines Halt Cargo Shipment To and From Russia
The world’s three biggest shipping companies announced the temporary suspension of shipment to and from Russia on Tuesday in the wake of Russia’s invasion of Ukraine. Russia’s attack on its neighbour country, which Moscow called a “Special Operation”, is the biggest state-to-state invasion in Europe after World War II. First, Swiss-headquartered MSC, the world’s biggest…