Adani Wilmar shares rally as Russia-Ukraine war threatens India's sunflower imports

New Delhi, (IANS) At a time when the equity segment has been going through a sharp correction amid the Russia-Ukraine war, shares of Adani Wilmar rose around 10 per cent overall in the trading week that ended on Friday.

The shares of the company…

Chipset market grows 5% as Russia-Ukraine war threatens global supply

New Delhi (IANS) Amid the global chip shortage that is going to worsen with the Russia-Ukraine war, a new report has shown that the global smartphone AP (Application Processor)/SoC (System on Chip) chipset shipments grew 5 per cent (on-year) in the…

Indian equities open positive; Sensex jumps over 1,000 pts

New Delhi (IANS) India's key indices -- S&P BSE Sensex and NSE Nifty50 -- recovered considerably on Friday morning due to value buying.

Even as the equity markets are expected to be volatile in the next few days, there is nothing to worry…

Release of US oil inventories douse Crude prices

New Delhi (IANS) Rise in the US oil inventories along with assurance of energy supply from Russia doused international crude oil prices on Friday.

The price movement comes a day after the Russia-Ukraine war pushed Brent Crude Oil prices to…

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.