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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

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

DMart bounces to record high in market price DMart floods to record high, pips Bajaj Finserv, Nestle India in showcase esteem  The market estimation of DMart today flooded above ₹1.5 lakh crore  A week ago, DMart had entered the rundown of top 20 most esteemed organizations by advertise capitalisation on BSE  Portions of Avenue Supermarts, the administrator of DMart stores, today flooded as much as 11% to a record high of ₹2,537 per share. Right now, advertise capitalisation of DMart flooded above ₹1.55 lakh crore. It is presently the eighteenth most significant organization on BSE as far as market capitalisation, in front of Nestle India and Bajaj Finserv which are in nineteenth and twentieth position individually.  A week ago, DMart had entered the rundown of top 20 most esteemed organizations by advertise capitalisation on BSE, supplanting Wipro. Road Supermarts had got recorded on the bourses on March 21, 2017.  A week ago, Avenue Supermarts had propel

HDFC’s profit up 4 times at 8,372 crore HDFC’s profit grew nearly 4 times to Rs 8,372 crore in the December quarter. The company had made a profit of Rs 2,113.80 crore in the same period a year ago.  HDFC is the country’s largest provider of home loan. In an IT Now poll, analysts had expected HDFC’s profit to be Rs 6,300 crore. The profit of the company was contributed by Fair Value Gain of Rs 9,019.81 crore due to the merger of Gruh Finance with Bandhan Bank. HDFC has said, “Gruh Finance was a subsidiary of HDFC. It has merged with Bandhan Bank. The merger took effect on October 17. The investment in Griha has earned HDFC a fair value of Rs. 9,019.81 crore.” HDFC’s board approved a proposal to raise Rs 45,000 crore from non-convertible debentures from a private placement basis. HDFC’s provision increased to Rs 2,995 crore from Rs 116 crore in the same period a year ago. The country’s largest home loan company said that its thinking about p

Where and how to Invest in 2020 There is a state of excitement in every investor regarding investment. In the changing times, how much should be invested in which option, a big question comes up. It has always been an eternal and objective question about investment, where and how to invest so that maximum profit can be made. Although investment options and methods have changed over a period of time, this question has always been relevant and probably will remain, as the world constantly changes and this change continues to affect investment options. In a period, gold was an attractive medium of investment, then the land took place. After the emergence of the monetary era, many financial products came into the market, starting from fixed deposits and then expanding. Now its various types like shares, debentures, ETFs, derivatives, mutual funds etc. are available as an investment option. Apart from this, FD, land and flats, gold etc. are also the main

The stocks to buy for the long term of 10 to 15 years in the Indian market. "Someone’s sitting in the shade today because someone planted a tree a long time ago" - Warren Buffett Here is a list of long term shares for you. You can buy these shares for the purpose of holding and get good returns in future. All these shares are safe. you can invest in these and you can contact us for more information, we will help you sort out your queries as soon as possible. We wish you the maximum benefit from our services. Visit us :  SP Chandel  - 9340546337

Gold prices increased due to rise in crude oil On the Indian futures market MCX also rose strongly in gold and silver and crude oil futures on Wednesday. Silver March contract up Rs 550 on MCX from last session Gold and silver and crude oil futures were also traded on the Indian futures market MCX on Wednesday, after the bullion and crude prices rose in the international market due to deepening military tension between the US and Iran. Strongly accelerated. In the domestic futures market, the gold price has once again reached a new high, while in the international market, it has remained at an almost seven-year high. Speeds up on multi commodity exchange India's largest futures market, Multi Commodity Exchange ie MCX, was trading at Rs 41,193 per 10 grams at 9.30 am on Wednesday in the February expiry contract of gold at Rs 41,193 per 10 grams, compared to the previous price of Rs 40,946. Opened at Rs 41,278 per 10 grams. Silver trend too fast M

Sensex sees some recuperation in the wake of falling almost 400 focuses  The rupee likewise fell against the US dollar today  Some purchasing was seen in select IT stocks, RIL and ICICI Bank  Indian markets recouped from lows in the wake of falling pointedly in early trade. Sensex was down around 140 focuses to 40,728. In early exchange, Sensex had drooped about 400 focuses following a decrease in worldwide markets after Iran terminated rockets at different bases lodging US troops in Iraq. The more extensive Nifty was drifting around 12,000. Worldwide monetary markets have been nervous about the probability of further acceleration in US-Iranian clash and disturbance of oil supplies since a week ago's murdering of General Qassem Soleimani in a US ramble in Baghdad.  Back in India, the legislature on Tuesday discharged first development assessments of GDP numbers for the current money related year (2019-20) pegging the development at 5%.  "The FY 20 G