Falling back on reserves to tilt the scales
The Hindu
Will the move to exert pressure on the powerful OPEC+ oil producers, that turned down suggestions to enhance output, pay off or prove counter-productive?
India on November 23 announced that it will release 5 million barrels of crude oil from strategic petroleum reserves (SPR) or the stockpiles. This is part of a coordinated approach mooted by the U.S. and other major oil consumers after the oil-producing OPEC+ bloc waved off suggestions to boost the output for a calming effect on the prices. At the heart of this are the petroleum product prices that have been rising steadily for months now, and which threaten to throw a spanner in the post-pandemic economic recovery process.
Gautam Adani indicted for securities fraud, Adani Group stocks plummet, facing bribery and fraud allegations in the U.S.
BJP targets Congress over Adani bribery scandal, questions timing and Congress's acceptance of bribes from allies.
Gautam Adani and others indicted by SEC for fraud, bribery, and corruption in solar energy project scandal.
Shares of Adani Group companies lost about $28 billion in market value in morning trade on November 21 after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.
The rupee turned flat at 84.42 against the U.S. dollar in early trade on November 21, 2024, amid volatile crude oil prices and lackluster sentiment in the domestic equity markets.
Stocks of Gautam Adani’s seven listed companies on the bourses crashed on open after the New York Eastern district court indicted Gautam Adani, Sagar Adani, Vineet S. Jain and their associates and bribery and securities fraud on November 21, 2024
Gautam Adani faces arrest warrant in US over alleged fraud scheme, SEC charges him with bribery and fraud.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.