Articles for tag: Crude, Cuts, Diesel, Freeze, Hopes, India, Oil, Petrol, Plunge, Price, Prices, Prolonged, Prompting

September 26, 2024

Crude oil prices plunge, prompting hopes for petrol and diesel price cuts in India after a prolonged freeze.

Recent drops in crude oil prices have provided Indian oil Marketing companies with the opportunity to lower petrol and diesel prices by Rs 2-3 per litre, according to Icra. In September, crude oil prices averaged $74 per barrel, down from $83-84 earlier this year. Despite keeping fuel prices stable since March 2024, Icra suggests that ...

September 13, 2024

Market News

Business

Swiss authorities freeze 1 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Swiss authorities freeze $311 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Seven stocks from the Adani group experienced declines on Friday, following Swiss authorities freezing $311 million linked to a Taiwanese individual amid a money laundering investigation. The allegations suggest he may serve as a front for the Adani group, which the conglomerate has strongly denied. Key stocks like Adani Power and Adani Energy dropped by ...