Month: March 2022

India to allow Russia to invest

India to allow Russia to invest, borrow from domestic market: Report

March 31, 2022

In the face of mounting sanctions against Russia for launching military operations in Ukraine, India in line with its old ties and friendly relations will allow Moscow to invest and borrow in the domestic market. Russia has been hit by multiple sanctions following its military operations in Ukraine. Countries around the world are imposing fresh sanctions against Russia. The United States, […]

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Omicron subvariant BA.2 becomes dominant

Omicron subvariant BA.2 becomes dominant strain in US, says CDC

March 30, 2022

The BA.2 sub-lineage of the Omicron variant has become the dominant strain in the United States, according to new data released by the US Centers for Disease Control and Prevention (CDC). The variant has been steadily rising in proportion due to its increased transmissibility compared to the original Omicron strain, Xinhua news agency reported. The […]

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India records 1 259 cases of Covid-19

India records 1,259 cases of Covid-19 in 24 hrs, 35 new fatalities

March 29, 2022

India’s COVID-19 tally climbed to 4,30,21,982 on Tuesday with 1,259 fresh cases, while the number of active cases of the infection further declined to 15,378, according to Union health ministry. The death toll due to the viral disease has gone up to 5,21,070 with 35 more fatalities, the ministry’s data updated at 8 am stated. […]

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Oil hit by Shanghai shutdown

Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide

March 28, 2022

Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields. China’s financial hub of 26 million people told all firms to suspend manufacturing or have people work remotely in a two-stage lockdown over […]

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AI flight carrying students evacuated from Ukraine's

AI flight carrying students evacuated from Ukraine’s Sumy lands in Delhi

March 11, 2022

An Air India flight from Poland’s Rzeszow carrying students evacuated from northeastern Ukrainian city Sumy landed in Delhi on Friday morning, officials said. The flight had taken off from Rzeszow around 11.30 pm (IST) on Thursday and landed in Delhi at 5.45 am on Friday, they said. India has sent three flights to Poland to bring back 600 […]

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Global oil prices fall

Global oil prices fall most in 2 years as UAE supports output hike

March 10, 2022

Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest […]

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Equity funds get Rs 19 700 crore

Equity funds get Rs 19,700 crore in Feb as markets volatility continues

March 9, 2022

equity mutual funds (MFs) clocked inflows in February when markets were volatile. Data from the Association of Mutual Funds in India (Amfi) shows that equity funds saw net inflows of Rs 19,705 crore, with most flows going to Flexicar and sectoral funds. The net inflows numbers indicate investors’ desire to continue despite a sharp fall in Indian […]

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Gold trading

Gold trading at Rs 53,890 per 10 gram; silver at Rs 71,000 per kg

March 8, 2022

Ten grams of 24-carat gold is selling at Rs 53,890 on Tuesday, increasing by Rs 1,090 from the last trading session as investor fears grow worldwide over inflation and slowing economic growth due to the war in Ukraine. Ten grams of 22-carat gold is selling at Rs 49,400, increasing by Rs 1,000 from Monday. One […]

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Russia-Ukraine crisis

Russia-Ukraine crisis: Civilian killings halt fresh evacuation bid

March 7, 2022

Plans to evacuate civilians from a besieged port city in Ukraine failed to materialize Sunday for the second time along with an expected Russian ceasefire, a Ukrainian official said, as officials tried to persuade Russia to agree on establishing other evacuation routes near Ukraine’s capital. Residents expected to leave the port city of Mariupol during a 10 […]

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Sensex Nifty surrender early

Sensex, Nifty surrender early gains as boiling oil plays spoilsport

March 4, 2022

Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on […]

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