Global oil market signals short-term weakness ahead of EU ban on Russian oil
The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns while central banks hike interest rates […]
European Shares May Follow Asian Peers Higher In Cautious Trade
(RTTNews) – European stocks are likely to open on a steady note Tuesday after China reported a drop in the number of daily infections for the first time in more than a week and the country’s regulator announced new measures to support the property sector. Meanwhile, amid unrest over COVID-19 restrictions, China’s state council will […]
Oil minister Puri bats for global biofuels alliance amid energy crisis
Hardeep Singh Puri India will use its G20 presidency to push for an international biofuels alliance, Union minister for petroleum and natural gas Hardeep Singh Puri has said. “India is the fifth largest producer of biofuels in the world. We have decided to use our presidency of G20 to form a biofuels alliance,” the minister […]
WayCool launches Freshey’s bread range
The Chennai-based WayCool, a food and agri-tech platform, has expanded its Ready-To-Cook (RTC) portfolio with the launch of Freshey’s breads range. This is available in three variants – milk, sandwich and brown bread. The newly launched Freshey’s bread is available in packs of 350 grams (milk), 400 grams (brown) and 450 grams (sandwich) across Chennai, […]
Technip Energies Receives Contract From TotalEnergies For Sustainable Aviation Fuels Production
(RTTNews) – Technip Energies (THNPF, THNPY) said it has received a contract from TotalEnergies for the production of Sustainable Aviation Fuels at Grandpuits platform in France. The contract covers the Engineering, Procurement services and Construction assistance (EPsCa) for the conversion of the Grandpuits refinery into a zero-crude platform oriented towards SAF. Once in operation, the […]
Tesco In Deal With Citigroup To Buy Back Up To £203 Mln Shares
(RTTNews) – British retailer Tesco plc. (TSCO.L, TSCDY.PK) on Tuesday confirmed the appointment of Citigroup Global Markets Limited to repurchase shares with an aggregate value of up to 203 million pounds. The latest program is part of its existing commitment to buy back a total of 750 million pounds worth of shares by April 2023. […]
Switch Mobility to supply 71 e-buses to JSW Steel, hire 200 people
Switch Mobility Ltd, the electric vehicle arm of Ashok Leyland, has bagged an order from JSW Steel to supply 71 electric buses for the latter’s employee transportation, for an undisclosed sum. Switch Mobility will own and oversee entire operations including setting up of charging infrastructure and requisite maintenance efficacy, over a 12-year contract period. To ensure effective operations and services of […]
Stock brokers’ body seeks industry status for Sebi-registered market intermediaries
Ahead of the Union Budget 2023-24, stock brokers’ association Anmi has urged the government to accord industry status to Sebi-registered intermediaries and complete abolition of the Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT). In addition, Anmi (Association of National Exchanges Members of India) has sought the exemption of short-term capital gains of up […]
Google, IHeartMedia Get $9.4 Mln Fines Over Deceptive Pixel 4 Ads
(RTTNews) – The Federal Trade Commission or FTC and several states have sued Google LLC and iHeartMedia, Inc. for deceptive advertisements promoting the Pixel 4 smartphone. The state judgments require the companies to pay $9.4 million in penalties. The lawsuits were filed by the FTC and attorneys general of states, which reportedly include Arizona, California, […]
Russia, US have ways to manage nuclear risks: RIA cites US diplomat
Earlier this month, CIA director William Burns met Sergei Naryshkin, head of Russian foreign intelligence, and warned him about the consequences of any Russian use of nuclear weapons, the White House said. Reuters November 28, 2022 / 11:05 AM IST Representative Image Russia and the United States have ways to manage nuclear risks at the […]