India is the real winner in global oil price war, Image via Business Standard
Business

India is the real winner in global oil price war

According to the experts, India could be the real winner in the global oil price war as the country is one of the biggest importers of oil in the world. India imports more than $100 billion worth of oil annually. Oil prices dipped more than 40% in the last few days after a clash between OPEC and Russia, Falling oil prices could help India reduce its inflation, and trade deficit

india oil russia trade war prices opec

Thu Mar 12 - CNBC

Related Articles

Gold prices dropped 6%, the worst single-day decline in seven years
Business
Gold prices dropped 6%, the worst single-day decline in seven years

Gold prices fell more than 6% yesterday, the worst one-day decline in seven years as investors’ risk appetite returned, boosting U.S. stocks. Spot gold tumbled as much as 6% to $1,927.30 per ounce, down sharply from Friday’s record intraday high of $2,089.20. On Wednesday morning during Asia hours, spot gold fell further, last trading at $1880.16

china us crisis prices gold

Wed Aug 12 - CNBC
Gold shatters all previous records to reach $1943 per ounce
Business
Gold shatters all previous records to reach $1943 per ounce

Gold prices broke all previous records on Monday morning as political tensions between China and the US escalated. In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011. Coronavirus crisis also played a major role in the recent price action

china us crisis prices gold

Mon Jul 27 - CNBC
India’s Mukesh Ambani is now wealthier than Warren Buffett
Business
India’s Mukesh Ambani is now wealthier than Warren Buffett

According to the data compiled by Bloomberg Billionaire Index, India's richest man and Chairman of Reliance Industries is now worth $68.3 billion, surpassing Buffett's $67.9 billion as of Thursday. Shares of Ambani's Indian conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc. and Silver Lake

india reliance mukesh ambani

Sat Jul 11 - Gulfnews
India's $48 billion trade deficit with China
Business
India's $48 billion trade deficit with China

A border clash with China in the Himalayas left 20 Indian soldiers dead, with many in India, calling for a boycott of Chinese products. Government data showed India imported more than $65 billion worth of goods from China between April 2019 and March this year and exported only around $16.6 billion worth of products. That left New Delhi with a more than $48 billion trade deficit with Beijing

india china trade deficit

Tue Jul 07 - CNBC