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  • Oil falls, pressured by China lockdowns, reserves release

    Oil falls, pressured by China lockdowns, reserves release0

    Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude fell $2.04, or 2%, to $100.74 a barrel at 0139 GMT, while

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  • Sri Lankan President Gotabaya Rajapaksa revokes state of emergency

    Sri Lankan President Gotabaya Rajapaksa revokes state of emergency0

    Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with immediate effect in his island nation. In a gazette notification no 2274/10 issued on Tuesday night, the president said he has withdrawn the emergency rule ordinance which gave security forces sweeping powers to curb any

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  • India’s exports rise to record high of $418 billion in FY22

    India’s exports rise to record high of $418 billion in FY220

    India’s merchandise exports spurt to a record high of USD 418 billion in 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals, according to official data released on Sunday. India’s goods trade (exports and imports) crossed USD 1 trillion during 2021-22 as the country’s imports to have touched an

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  • Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal

    Wheat export at 70.30 lakh tonnes till Mar 21 this fiscal0

    The total wheat export stood at 70.30 lakh tonnes till March 21 this fiscal, with maximum shipments to Bangladesh followed by Sri Lanka and UAE, Parliament was informed on Friday. As both Ukraine and Russia are major exporters of wheat with more than 25 percent total share in the global wheat trade, there is scope for India to increase exports

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  • India to build Sri Lanka wind farms after China pushed aside

    India to build Sri Lanka wind farms after China pushed aside0

    India has agreed to develop three Sri Lankan wind farms on islets between the countries, officials said on Tuesday, in a victory for New Delhi after the project was taken away from a Chinese firm. New Delhi has long been alarmed about the growing Chinese influence in the region. In 2020, 20 Indian soldiers and four

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  • India’s ONGC sells Russia’s Sokol oil to Indian refiners

    India’s ONGC sells Russia’s Sokol oil to Indian refiners0

    India’s ONGC Videsh Ltd has sold at least one cargo of Russian Sokol oil to India refiners Hindustan Petroleum Corp and Bharat Petroleum Corp after failing to draw interest in a tender earlier this month, sources familiar with the matter said. Indian companies are snapping up Russian oil as it is available at a deep discount after

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