We’re talking about the adoption of electric cars in the four-wheeler passenger vehicle (PV) market. Elon Musk reignited the EV frenzy with Tesla, though even Tesla took more than a decade to…
Tag: crude oil
Securing energy future: India eyes new strategic crude oil reserve in Mangalore
India is digging deep to shield itself from the volatile global oil market. The state-run Indian Strategic Petroleum Reserves Ltd (ISPRL) is currently conducting a feasibility study for constructing a 1.5-2 million…
Pickup in credit cycle & real estate are long term drivers of India Inc growth
Notwithstanding a slowdown in the large economies such as those of US, UK and Europe, India’s economy is seen to be growing since there is a limited impact of other economies on…
What is commodity trading and can I start this trade through a demat account?
Where are commodities traded? They are traded on exchanges that serve as crucial platforms where market participants engage in trading standardised contracts for commodities, facilitating price discovery and market liquidity. In India,…
WEF Davos: India to keep diversifying oil supply, accelerate energy transition, says Hardeep Singh Puri
Davos: Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world’s third biggest oil importer, to diversify its crude sources and…
Govt hikes windfall tax on crude oil to ₹2,300 per ton
The Government of India increased the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, an official notification said, adding that the windfall tax on petroleum…