Business
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10-year High: Ukraine crisis pushes crude price close to $120 a barrel
New Delhi: Continuing hostilities between Russia and Ukraine pushed crude oil price to a 10-year high of $119.84 per barrel on Thursday. The global hike in crude oil prices led by the…
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Top automakers halt production in Russia amid Ukrainian invasion
New Delhi: As nations around the globe slap heavy sanctions on Russia, several top automakers have halted production at their respective facilities in the country and paused exports as Russian forces entered…
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Bitcoin now has higher market cap than Russian currency
New Delhi: As Russia intensifies its battle to take control of Ukraine, Bitcoin on Wednesday soared to $44,000, pushing the total cryptocurrency market cap to cross $2 trillion. With the recent gains,…
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SBI Life, HDFC Life shares jump on reports of likely delay in LIC IPO
New Delhi: Shares of SBI Life Insurance Company and HDFC Life Insurance Company rose sharply on reports of a possible delay in the much-awaited initial public offering (IPO) of Life Insurance Corporation…
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Exxon’s exit from Russia puts OVL in a fix
New Delhi: Exxon Mobil Corp’s decision to exit Russia has put India’s flagship overseas firm ONGC Videsh in a fix as it is a partner in the global energy giant-operated Sakhalin-1 oil…
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Exports rise 22.36 pc to USD 33.81 bn in February
New Delhi: India’s exports rose by 22.36 per cent to USD 33.81 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the trade deficit…
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Equities settle low; Nifty auto index top loser
New Delhi: Key equity indices — S&P BSE Sensex and NSE Nifty50 — have settled sharply lower on Wednesday as investors continued to be on the sidelines amid the ongoing full-scale war…
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Crude at $111: Domestic petrol, diesel prices to sky rocket
New Delhi: The Russia-Ukraine crisis-led global hike in crude oil prices is expected to push India’s domestic prices of petrol and diesel by Rs 20-22 per litre. However, an excise duty cut…
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Jeep’s first electric SUV is likely coming in 2023
San Francisco: US based automaker Jeep, owned by Stellantis, has revealed the first images of its upcoming electric SUV and confirmed that it will launch in 2023. According to The Verge, Jeep…
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4,000 luxury cars like Lamborghinis, Bentleys sink in the Atlantic
San Francisco: Nearly 4,000 luxury cars like Porsches, Lamborghinis, Bentleys and Volkswagen — along with several high-end electric vehicles — have sunk aboard a cargo ship in the Atlantic that caught fire…
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Brent crude breaches $100 per barrel mark again
New Delhi: Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday. The rise in crude oil prices comes after negotiations failed…
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Reliance Retail Ventures acquires majority stake in Abraham & Thakore
Mumbai: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited and the holding company of all retail companies within the group, on Tuesday said it has bought a majority stake…
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Tesla offers free EV charging near Ukraine for people fleeing country
Kyiv: Electric vehicle company Tesla has started to offer free Supercharging in several countries around Ukraine for people fleeing the country following the Russian invasion. In an email to local owners, Tesla…
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Hero Electric unveils new ; to launch in next quarter
New Delhi: Hero Electric on Tuesday unveiled a new two-wheeler Hero Eddy for the domestic market. The electric scooter is easy to manoeuver product that strikes a perfect balance between technology and…
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Lucid to open its first international manufacturing plant in Saudi Arabia
United States (US) based electric car maker Lucid Motors, which is backed by Saudi Arabia’s Public Investment Fund (PIF) has announced to open its first international manufacturing plant in Saudi Arabia. Lucid…