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An extended Reuters poll showed on Tuesday that crude inventories likely dropped by around 300,000 barrels last week and gasoline stockpiles likely fell 1.1. million barrels, while distillate inventories rose.

State-owned power giant NTPC floated a tender to raise Rs 5,000 crore term loan from financial institutions. As per the document, the bids can be submitted till 1100 hours on August 31.

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The government is exploring the option of having a single charging port - USB Type-C - across all mobile devices including laptops, smartphones, feature phones, and IoT (internet of Things) devices, according to industry executives.

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"He used to say your patience will be tested but your conviction will be rewarded. He helped us appreciate the power of time, the power of compounding and the parabolic nature of risks and returns in all walks of life."

Oil is under $90 a barrel, and consumers are benefiting. Geopolitics, the economy and unforeseen events will determine whether the relief will last.

The company said it incurred losses primarily due to "provision for diminution of investments, doubtful provision for receivables, the lower sales volumes, finance costs and depreciation".The exceptional items for the quarter and year ended March 2022 include provision for diminution of investments aggregating to Rs 480.64 crore

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History repeated itself as the Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin, Acala Dollar (aUSD), lost its parity, plummeting 99 per cent and its value was reduced to some fractions of a cent.However, this time, it was a hacking attack that led to this steep fall

Update in products will aid higher VNB for LIC

Updated at : 2022-08-16 19:55:02

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The company has included 262 products in product profitability calculation compared to just 94 products included earlier, which will help increase VNB Macquarie said. VNB is the present value of future earnings from policies issued and reflects the additional earnings expected to be generated through the new policies issued.

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The big-box retailer, which had cut its profit forecast three weeks ago due to shifting consumer behavior, said pricing pressures on consumers boosted sales of groceries, while denting demand for other items such as apparel, electronics and home products.Revenues for its second fiscal quarter ending July 31 were $152.9 billion, up 8.4 percent from the year-ago period.

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