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2020 Russia–Saudi Arabia oil price war According to : -  wikipedia.org On 8 March 2020,  Saudi Arabia  initiated a  price war  with  Russia , triggering a major fall in the  price of oil , with US oil prices falling by 34%,  crude oil  falling by 26%, and  brent oil  falling by 24%.  The price war was triggered by a breakup in dialogue between the  Organization of the Petroleum Exporting Countries  and Russia over proposed oil production cuts in the midst of the  2019–20 coronavirus pandemic . Oil prices had already fallen 30% since the start of the year due to a drop in demand.  The price war is one of the major causes of the currently ongoing  global stock market crash . Beginning in 2014, U.S.  shale oil  production increased its market share; as other producers continued producing oil, prices crashed from above $114 per barrel in 2014 to about $27 in 2016. In September 2016, Saudi Arabia and Russia agreed to cooperate in managing the price of oil, creating an infor
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Petrol costs cut by 12 paise a liter, diesel decreases by 14 paise

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Petrol  costs cut by 12 paise a liter, diesel decreases by 14 paise Oil in Delhi currently costs Rs 69.75 per liter, while diesel is estimated at Rs 62.44, as per a value warning of state-possessed oil firms Petroleum cost was on Sunday cut by 12 paise a liter and diesel rates by 14 paise as oil organizations directed rate decrease in the midst of the fall in worldwide costs to assimilate the climb in extract obligation on fuel by the administration. Petroleum in Delhi presently costs Rs 69.75 per liter, while diesel is estimated at Rs 62.44, as indicated by a value notice of state-claimed oil firms.  Delhi has the least fuel costs among metros due to bring down state charges. Industry sources said the decrease in rates would have been higher yet for the Rs 3 for each liter increment in extract obligation affected on Saturday. Oil organizations, they stated, had been directing decrease justified in retail costs fully expecting an extract obligation climb. The additions they in th
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Location: India
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₹ 11,000 crore into Yes Bank ·          HDFC and ICICI Bank will infuse  ₹ 1,000 crore each while Axis Bank will invest  ₹ 600 crore and Kotak Mahindra Bank announced investment of  ₹ 500 crore ·          The quantum of investment to be made by LIC is yet to be approved by the board, according to a source Mumbai:  State bank of India has submitted a proposal to the Cabinet under which the state owned lender along with Life Insurance Corporation and 4 private sector lenders will infuse  ₹ 11,000 crore into the cash strapped Yes bank Ltd. According to the proposal, SBI will infuse  ₹ 7250 crore in Yes bank, HDFC Ltd and ICICI bank Ltd will infuse  ₹ 1000 crore each, Axis Bank will infuse  ₹ 600 crore and Kotak Mahindra Bank Ltd is expected to infuse  ₹ 500 once the plan is approved by the cabinet in Friday’s meeting. The quantum of investment to be made by Life Insurance Corporation is yet to be approved by the board, according to a source. Under the new proposed shareho
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Location: Indore, Madhya Pradesh, India
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Mukesh Ambani is No Longer Asia's Richest Man According to : -  entrepreneur.com India’s energy tycoon Mukesh Ambani has lost the Asia’s Richest Man title to Alibaba Group founder Jack Ma following a sharp fall in oil prices and the resultant global stocks. The Reliance Industries Chairman’s lost $5.8 billion (INR 42,700 crore) on 9 March, as reported by Bloomberg. With a net worth of $42.3 billion or INR 3.1 lakh crore, as on the day of filing this story, Ambani is placed on the 19 th  position on Bloomberg Billionaires Index, a daily ranking of the richest people, preceded by Ma with net worth of $45.7 billion. Amazon’s Jeff Bezos, Microsoft founder Bill Gates and CEO and chairman of Berkshire Hathaway Warren Buffett were the top three on the list with net worth of $117 billion, $107 billion and $79.8 billion, respectively. Apart from Ambani, Wipro’s Azim Premji (67), HCL founder and Chairman Shiv Nadar (84) and banking tycoon Uday Kotak (98) are the other thre
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Location: Indore, Madhya Pradesh, India
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Share Marketing Securities & Service fraud Securities fraud , also known as  stock fraud  and  investment fraud , is a deceptive practice in the stock or  commodities markets  that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of securities laws. Securities fraud can also include outright theft from investors ,  stock manipulation , misstatements on a public company's financial reports, and lying to corporate auditors. The term encompasses a wide range of other actions, including  insider trading ,  front running  and other illegal acts on the trading floor of a stock or commodity exchange. Types of securities fraud :- Corporate fraud Corporate misconduct Fraud by high level corporate officials became a subject of wide national attention during the early 2000s, as exemplified by corporate officer misconduct at Enron. It became a problem of such scope t
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Location: Indore, Madhya Pradesh, India
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