How Will The Oil Price Surge Impact The Indian Economy?
Russia and Ukraine’s missile exchange caused International crude oil prices to spike 2% on Thursday, November 21. The last time Brent crude prices rose from $1.04 (1.4%) to $73.85. The WTI (West Texas Intermediate) recovered $1.46 (2.1%) to $70.22. This week, WTI gained 4.8%, while Brent Crude went up 1.8%. Crude oil traded 1.49% higher…
ABHYUDAYA MITTAL
Russian Oil Impact: India Saves $7.9 Bn On Oil Imports
Lately, the conflict in some parts of the world has increased the price of crude oil, threatening developing economies like India. However, India’s friendship with Russia has paid off again. According to ICRA, India saved more than $7.9 billion on oil imports in FY 23-24 by buying discounted crude oil from Russia. This is a…
abhinav singh
India Smashes Export Record: Hits $776 Billion Milestone
India has reached a historic milestone in their exporting journey. The nation has crossed the $776 billion mark in overall exports, according to the provisional data released by the commerce ministry on Monday. Although the increases compared to the previous year are barely marginal, they were enough to set a new record. The increase was…
Shipra Prajapati
Ukraine Satellite Services Contract Awarded To SpaceX’s Starlink
It was getting expensive to fuel Starlink in Ukraine, an endeavour that was burning more than 20 million dollars per month on average. The CEO, Elon Musk, had clearly stated that he couldn’t continue to fund Starlink if things followed a similar trend. However, Starlink’s operation in Ukraine will not come to a halt because…
Yash Sharma
India To Host G20 Summit In September 2023
From December 2023, India will take charge of the G20 president and will host the summit of administrators of the world’s 20 largest economies in New Delhi during the second week of September 2023. As per the statement released by the Ministry of External Affairs, “The G20 Leaders’ Summit at the level of Heads of…
Aman Goyal
Will India’s Vote Against Russia Will Impact Indo-Russian Trade?
On Wednesday, India voted against Russia for the first time in the UNSC (United Nations Security Council) during a legislative vote on the Ukraine issue. UNSC, a powerful UN body of 15 members, invited Volodymyr Zelenskyy, the Ukrainian President, to address a gathering through video conference. Before this, India refused to vote against Russia at…
Netflix Loses 200k Subscribers Since 2011: Here’s Why
As the first quarter of the year ended, Netflix revealed its subscribers count on Tuesday. For the first time in the decade, the leading OTT platform has lost a large number of subscribers in a limited duration. Being considered one of the top OTT platforms on a global scale, Netflix has provided many mass entertainers,…
Rupee Plunged To A Record Low – Fuel Price In India Is Expected To Rise
The Indian Rupee has dived a record low of 77.02 against a US dollar on Monday, and as per a poll conducted by Economic Times, it is further expected to plunge around 80 in the next few days. This record decrease in Rupee’s value is a consequence of the crude oil hike in the global…
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…
John David
Russia-Ukraine War| Impacts On Global Stock Markets
The Russia-Ukraine cold war has almost turned into World War III. The conflicts between the two countries are increasing and affecting the whole world, including the stock market. World markets were set for another confused week after the Western Nations announced a harsh set of sanctions to punish Russia for its decision to invade Ukraine…
