India, the world’s third-largest consumer of crude oil, imports over 85% of its requirements. Despite the recent decline in global crude oil prices, public sector oil marketing companies (OMCs) are likely to hold off on reducing petrol and diesel prices and resuming daily price revisions. According to a senior official from the petroleum ministry, the…
India’s goods export fell by 9% in August due to a sharp decline in petroleum exports, causing the trade deficit to widen to a 10-month high of $30 billion. Amid weak demand from Western countries and China, petroleum exports dropped by 38%, attributed to the Red Sea crisis and stable oil prices, according to data…
India’s gold imports more than doubled in August, reaching a record high of $10.06 billion, driven by a sharp reduction in customs duty and festive season demand, according to data from the Commerce Ministry. This marks a significant rise from $4.93 billion in August 2023. Commerce Secretary Sunil Barthwal attributed the surge to the drastic…
Adani Power has secured a long-term contract to supply 6,600 MW of combined renewable and thermal electricity to Maharashtra after submitting a winning bid of Rs 4.08 per unit. This bid, which beat out competitors such as JSW Energy and Torrent Power, is almost a rupee lower than Maharashtra’s current electricity procurement cost, making it…
State-owned Oil India Ltd (OIL) has announced plans to invest Rs 25,000 crore in clean energy initiatives to achieve its goal of net zero carbon emissions by 2040, according to Chairman Ranjit Rath. The strategy includes reducing gas flaring, commercializing stranded gas, and expanding renewable energy capacity through solar projects, green hydrogen plants, and biogas…
Affiliate marketing is a widely recognised method of generating income online, but it often leads tothe debate: Is it a legitimate opportunity or a scam? To answer this question, it’s crucial to delve intowhat affiliate marketing entails, how it functions, and to be aware of both its potential advantages anddrawbacks.What Affiliate Marketing is?Affiliate marketing is…
Many dream of being a successful businessman. However, the idea of investing one’s life savings in pursuing a dream can be risky and unsettling. There are many business opportunities in the market that you can start with minimal investment, and with a solid strategy you can also earn high returns and succeed in making a…
According to sources, the government-backed Food Corporation of India (FCI) has requested that international and domestic trading firms refrain from purchasing new-season wheat from local farmers in order to support the FCI’s efforts to replenish its diminishing supplies. Following China as the world’s largest producer and consumer of wheat, India prohibited exports in 2022 and…
