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Oil falls on prospect of Iran oil sanctions easing

Updated at : 2022-02-18 08:40:04

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Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply. Brent crude futures fell 68 cents, or 0.7%, to $92.29 a barrel at 0124 GMT, extending a 1.9% drop from the previous session.

Stocks drop as investors cut risk on Ukraine tension

Updated at : 2022-02-18 08:40:04

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Asian markets slipped on Friday and gold stood at an eight-month high after an exchange of fire in eastern Ukraine and renewed U.S. warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend.

Companies including R Systems International, Huhtamaki India and Vijay Textiles will announce their December quarter results today.

Bank credit to grow 10% in FY23 on capex boost

Updated at : 2022-02-18 07:25:02

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The rating agency expects capital expenditure to rise to has to about Rs 7 lakh crore each fiscal 2022 and fiscal 2023 up from Rs 5.5 lakh crore achieved in fiscal 2021 on the back of a demand ramp-up by end-FY22 and a further pick-up in FY23 with an economic recovery.

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Top bankers expect the momentum to continue, with an increase in demand and the government placing its thrust on infrastructure spending and capacity expansion.

US stocks slide as heightened Ukraine tensions weigh

Updated at : 2022-02-18 07:25:02

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The Dow Jones Industrial Average fell 622.24 points, or 1.78%, to 34,312.03, the S&P 500 lost 94.75 points, or 2.12%, to 4,380.26 and the Nasdaq Composite dropped 407.38 points, or 2.88%, to 13,716.72.

The exchange as well as EY, the consultant which gave the forensic report, insist that Anand Subramanian and the mysterious yogi are the same person, but according to Sebi and statements by former NSE CEO Chitra Ramkrishna and her controversial hire Anand Subramanian, there was indeed a third person.

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The key concern raised by the industry is regarding the threshold of Rs 1,000 crore for related party transactions, beyond which companies will have to take approval from shareholders

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While it may not be a shocker like it was when Andhra Bank was forced to reverse its decision of not exercising call option in December, 2019, this could cause ripples with investors seeking higher coupons in future bond sales.

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Binance-owned WazirX, India’s largest crypto bourse, has seen daily sign-ups on its platform jump almost 30% since Feb. 1, when the government unveiled the levy on the transfer of digital assets in its annual budget, said co-founder Nischal Shetty.

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