Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S. […]
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Gold Prices Creep Higher as USD Retreats, Hawkish Fed Caps Gains.
Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. Brent crude futures rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. U.S. […]
Oil prices extend decline on recession fears, China COVID curbs
Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66 […]
US dollar clings to gains as bets on further Fed hikes firm
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those […]
Oil Heads For Fourth Straight Monthly Loss as OPEC Meeting Looms
Oil prices rose slightly on Friday, but were set for a fourth straight month of losses amid growing concerns over weakening demand, with the focus now turning to a potential supply cut by the OPEC next week. London-traded Brent oil futures, the global benchmark, were flat at $87.50 a barrel by 21:55 ET (01:55 GMT), […]
Reliance Industries has become the first Indian business to have a market capitalization of Rs 19 trillion
After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday. RIL’s market capitalization was Rs […]
India cuts tax on crude palm oil imports to help consumers, refiners
India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]
Bharti Airtel, TCS partner for 5G-based remote robotic operations
Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to sources. Both the companies are currently running the trials in Airtel’s 5G lab at Manesar, Haryana “Indian companies are looking to adopt indigenously developed technology for 5G. Airtel and TCS have joined hands for remote robotics operations using […]
iPhone 13 launch: Where to watch Apple event on September 14
By Administrator_India Capital Sands Apple iPhone 13 launch event is scheduled for September 14. The Apple event, titled California Streaming, will be hosted virtually. Apple is expected to unveil four new iPhone models– iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max. Here is how you can watch the iPhone 13 […]
Eye on revenue growth, Vodafone Idea revises plans for corporate customers
By Administrator_India Capital Sands Vodafone Idea (Vi) on Monday revised its tariff plans for corporate customers with more bundled offers as it looks to increase its average revenue per user (ARPU). The new plans are aligned with those of Bharti Airtel, which tweaked its tariff last week. Currently, Reliance Jio has the cheapest plan for corporate […]