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The west has not sanctioned all Russian banks, allowing free access to settle payments. Furthermore, Indian exporters needn’t worry as the US and Europe issue sanctions against the country. Moreover, India has a trade deficit vis-à-vis Russia of $4.34 billion up to December. Meaning Indian entities owe Russia dollars in net. As a result of
Rising crude oil and energy prices due to the Ukraine-Russia standoff may slow global growth. While the West hits sanctions on Russia, crude oil prices are about to reach $100 a barrel. Rupee to reach 80 a dollar MD and Chief Strategist at JM Financial Institutional Securities Dhananjay Sinha shares with Moneycontrol that the Indian
The IOC plans to open ‘green hydrogen’ plants in Mathura and Panipat by 2024. Director of research and development at IOC, SSV Ramakumar, said, “This (policy) is the single biggest enabler by the state for production of green hydrogen.” Furthermore, he added that the new ‘green hydrogen’ policy would cut the cost of manufacturing green
On Wednesday, oil marketing companies raised ATF prices by 5.2%. The fourth hike in ATF prices hit a record high in less than two months. Furthermore, India currently has some of the world’s highest taxation rates on the ATF. Moreover, jet fuel prices raised to Rs 90,519.79 per kilolitre from Rs. 86,038.16 per kilolitre. Air
As power mills hoard most of the supplies, India’s aluminum smelters, sponge iron, textile mills, and fertilizer-makers face a coal shortage. However, the federal coal ministry and India’s high miner Coal India denied the coal shortage in Indian non-power coal users. Coal shortage in Indian non-power coal users The Coal Consumers Association of India said
While the United States is yet to verify the pullback of Russian troops, Brent traded at $93.19 a barrel. Brent traded down 10%, sliding 3.3% overnight after the Russian-Ukraine tensions cooled down. Oil prices steadied on Wednesday On Tuesday, Moscow announced a partial pullback of troops from Ukraine’s borders. However, U.S. President Joe Biden says
Big oil CEOs warn consumers to brace themselves for years of high energy prices. In recent months oil and gas prices have skyrocketed as the pandemic restrictions have eased. As a result, the global economy is recovering, and investors have dropped investments in new energy supplies. Furthermore, while oil and gas industries gained profits in
As third-party platforms emerge, sellers no longer have to create their own websites. These platforms are so effective that their entire businesses are built around them. Amazon is one of the most popular platforms. So, are you also thinking to Become an Amazon Seller? How does Amazon FBA work? Amazon Fulfillment by Amazon (FBA) is
Do you also want to Start a Small Delivery Business? There is an increased demand for delivery services now more than ever before, and it will likely continue into the future. Yet established brands continue to dominate this industry. In order to compete with the titans of delivery, on-time delivery and personalized customer service are
Are you considering selling your products online or looking for Marketplaces to Sell Your Stuff? Are you ready to finally start that side hustle you’ve been planning for so long? Do you want to turn your favorite pastime into a source of income? We will help you find someone who wants to buy whatever you’re
