10% rise in oil prices leads to an increase of $15 bn in India's current account deficit

New Delhi (IANS) For every 10 per cent increase in crude oil prices, the wholesale price index in India increases by 0.9 per cent - 1 per cent and the consumer price index by 0.4 per cent - 0.6 per cent.

A 10 per cent rise in oil prices leads…

'Indian textile exports likely to breach $100 bn mark in next 5 yrs'

New Delhi (IANS) India's textile exports can breach the $100 bn mark in next 5 years, Union Textiles Secretary, Upendra Prasad Singh said on Tuesday.

"The country's textile exports can increase from the current $40 billion to $100 billion…

BharatPe confirms sacking Madhuri Jain, all eyes on Ashneer Grover

New Delhi (IANS) Full-stack fintech platform BharatPe on Wednesday confirmed it has terminated the services of Madhuri Jain Grover, the wife of its Co-founder and Managing Director Ashneer Grover, for alleged financial irregularities during her tenure.

Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

New Delhi (IANS) Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supply chains across the world, BBC reported.

Futures of Brent crude, the international benchmark, reached a seven-year high of almost $98 on Tuesday…

Sunflower oil prices to burn a hole if Russia-Ukraine crisis blows up

Chennai (IANS) Indian sunflower oil makers are hoping that the war-like situation between Russia and Ukraine resolves smoothly soon so that the edible oil shipments resume soon from the latter, said senior industry officials.

They also said…

Rs 22,842 Cr bank fraud: ABG Shipyard Ex-chairman Rishi Aggarwal reaches CBI HQ

New Delhi (IANS) In a latest development in the Rs 22,842 crore bank fraud allegedly committed by ABG Shipyard company, its main promoter and fomrer chairman Rishi Kamlesh Aggarwal reached the CBI headquarters on Monday to get his statement recorded.

Chitra went on vacations with 'siddhapurusha' but claimed he is spiritual force with no physical persona

New Delhi (IANS) Former MD and CEO of NSE Chitra Ramkrishna refused to reveal the identity of the unknown person she was seeking guidance from and sought to claim that the unknown person is a spiritual force.

From a perusal of the emails between…

Home sales up 13% in 2021; Ahmedabad, Hyd chart leaders, says brokerage

New Delhi (IANS) Home sales in India's eight prime housing markets increased 13 per cent year-on-year in 2021 as compared to the overall sales in 2020, said PropTiger.com, a leading online real estate brokerage firm.

Real estate activity…

Indian refineries' profitability dependent on cost recovery

New Delhi (IANS) Indian refineries' profitability is dependent on cost recovery via an increase in the retail prices, said India Ratings and Research (Ind-Ra).

Notably, oil marketing companies have not increased retail prices of petrol…

Equities trade negative in early trade, Sensex down 180 pts

New Delhi (IANS) India's key indices -- S&P BSE Sensex and NSE Nifty50 -- declined marginally in early trade on Friday.

At 09.54 a.m., Sensex traded at 57,709 points, down 0.3 per cent or 183 points, whereas Nifty traded 17,259 points,…