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  'Iran is ready to export oil to India.. can resist West sanctions': Iranian Ambassador To India

  World | March 17, 2023 17:04 IST

  The diplomat claimed India is neither Taiwan nor South Korea and added it is a rising power with a powerful economy. Elahi claimed that New Delhi can easily resist the power of the West.

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  Windfall profit tax on crude oil cut; levy on export of diesel, ATF hiked

  Business | November 01, 2022 23:45 IST

  While the windfall profit tax is calculated by taking away any price that producers are getting above a threshold, the levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments.

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  Kay aka Kanishka Lohar releases first Hindi track 'Na Tune Kaha' | Watch Video

  October 22, 2022 12:28 IST

  Kay has two more songs in the works before this year ends. A collaboration with Indian social media influencer Manav Chabbra and another Hindi single titled “Mein Jaau Kaha”.

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  Markets fall in early trade on weak global trends

  Business | October 11, 2022 17:04 IST

  Business News: In the 30-share Sensex pack, Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank, and State Bank of India were the major laggards.

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  Rupee falls 39 paise to fresh lifetime low of 82.69 against US dollar in early trade

  Business | October 10, 2022 13:12 IST

  Rupee v/s Dollar: At the interbank foreign exchange, the rupee opened at 82.68 against the greenback, then slipped further to 82.69, registering a fall of 39 paise over its previous close.

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  Rupee rises by 9 paise to close at 81.58 against the US dollar

  Business | September 27, 2022 18:03 IST

  The rupee consolidated in a narrow range and settled 9 paise higher at 81.58 (provisional) against the US dollar on Tuesday as the American currency retreated from its elevated levels. At the interbank forex market, the local unit opened at 81.45 against the greenback.

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  Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

  Business | September 01, 2022 7:08 IST

  India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies.

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  West's criticism of India for Russian oil imports reflection of its double standards: Russia

  India | August 28, 2022 14:16 IST

  Russia has not been a major source of fossil fuel for India but the imports of discounted Russian crude oil have seen a massive increase in the last few months, notwithstanding rising disquiet in many Western capitals.

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  Windfall tax on fuel export slashed; raised on domestic crude oil

  Business | August 03, 2022 6:58 IST

  Windfall tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.

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  Central Government slaps tax on petrol, diesel exports; imposes windfall tax on crude oil

  Business | July 01, 2022 14:54 IST

  The levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically.

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  India's Russian oil imports jump 50 times; now accounts for 10% of all import: Official

  Business | June 23, 2022 22:58 IST

  Last month, Russia overtook Saudi Arabia to become India's second-biggest supplier of oil behind Iraq as refiners snapped up Russian crude available at a deep discount following the war in Ukraine. Indian refiners bought about 25 million barrels of Russian oil in May.

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  India not violating any sanctions by importing oil from Russia: United States

  India | April 12, 2022 3:35 IST

  US said that energy imports from Russia are not banned or part of sanctions, therefore, New Delhi is not violating US sanctions.

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  Petrol, diesel prices hiked again; sixth increase in a week

  Business | March 28, 2022 7:54 IST

  Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab -- a period during which the cost of raw material (crude oil) soared by about USD 30 per barrel.

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  With no rise in petrol, diesel prices by govt oil companies, private players not happy

  Business | March 20, 2022 12:57 IST

  In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.

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  India may consider buying crude oil from Russia at discounted rate, say reports

  India | March 14, 2022 20:23 IST

  As Russian economy faces its worst since 1991, Moscow has urged India to increase its investments after sanctions over its oil-gas exports.

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  Removing Russian oil from market would raise prices to over $300/barrel: warns Moscow

  Business | March 08, 2022 17:06 IST

  Moscow has been supplying the European nations with roughly 40 percent of their gas needs, said Russia's deputy Prime Minister Aleksandr Novak.

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  Crude oil prices surge to $130 per barrel as Russia-Ukraine conflict deepens

  Business | March 07, 2022 11:00 IST

  Meanwhile, oil prices came under more pressure after Libya's national oil company said an armed group had shut down two crucial oil fields.

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  Russia Ukraine War fallout: Get ready for steep hike in petrol, diesel prices

  Business | March 03, 2022 12:44 IST

  The basket of crude oil India buys rose above USD 102 per barrel on March 1, the highest since August 2014. This compares to an average of USD 81.5 per barrel price of the Indian basket of crude oil at the time of freezing of petrol and diesel prices in early November last year.

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  Sri Lanka runs out of cash to buy fuel: Here's how India is helping forex-starved nation

  Business | February 22, 2022 14:42 IST

  Sri Lanka's worsening foreign-exchange shortage has seriously impacted the energy sector, which largely depends on imports for fuel.

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  US to release 50 million barrels of oil with India, China, UK to ease prices

  Business | November 23, 2021 19:05 IST

  The move is aimed at global energy markets, but also at voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel. Gas prices are at about $3.40 a gallon, more than double their price a year ago, according to the American Automobile Association.