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stock market
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Stock Market

California to Tax Biden’s Student Loan Forgiveness

What makes California’s decision somewhat surprising is that even though its existing statutes indicate taxability for student loan forgiveness, state consensus previously ran in the opposite direction. Nevertheless, according to the Tax Foundation, it has confirmed that discharged student loan debt will be taxed under current California law. Additionally, existing state provisions exempting student loans […]

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Securities and Exchange Board of India (Sebi)
Market

Sebi has fined 9 firms a total of Rs 1.6 billion for illegal trading

On Tuesday, the capital markets regulator Sebi fined nine organizations a total of Rs 1.62 crore for manipulating Sterling Green Woods Ltd’s shares. Radhe Krishna Broking, Harshad Panchal, Hemang Shah, Umesh Patel, Abhishek Soni, Sonal Patel, Dhaval Soni, Anurag Agarwal, and Paksha Developers Pvt Ltd were all fined Rs 18 lakh each by the regulator […]

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an-ind.in/wp-admin
Commodity

Oil is unsteady following a near-6% drop due to economic concerns

Early on Monday, oil prices fell as investors refocused on tight supply, however, the mood remained shaky following a 6% drop the previous day on fears about slowing global economic growth and fuel demand. Brent oil futures were up 20 cents, or 0.2 percent, to $113.32 a barrel at 0105 GMT, after jumping as high […]

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Brent oil futures
Market

On strong US demand and China optimism, oil is hovering near a 13-week high

On Thursday, oil prices remained at 13-week highs, supported by strong demand in the world’s largest consumer, the United States, while demand in China is likely to increase as COVID-19 limits in key cities are eased. By 0033 GMT, Brent oil futures had risen 12 cents to $123.70 a barrel, while U.S. West Texas Intermediate […]

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Oil prices
Market

Crude prices in Saudi Arabia have been raised, causing oil prices to rise

Oil prices jumped more than $2 in early trading on Monday as Saudi Arabia boosted pricing for its oil sales in July, indicating how tight supply remains despite OPEC+ agreeing to increase output over the next two months. Brent oil futures were up $1.80, or 1.5 percent, at $121.52 a barrel at 2319 GMT, having […]

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RBI Governor Shaktikanta Das
Market

At next week’s policy review meeting, the RBI is expected to raise rates by 0.40 percent

At next week’s scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to a foreign brokerage. According to the report by Bofa Securities, the central bank’s rate-setting panel will follow it up with a 0.35 percent hike in rates at the next review in August or split it […]

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Brent crude future
International

Early trade saw oil prices rise on expectations of a revival in Chinese demand

In early Asian trade on Wednesday, oil prices jumped more than $1 a barrel on optimism of a revival in demand in China as the country gradually eases some of its harsh COVID-19 containment restrictions. At 0042 GMT, Brent crude futures were up $1.15, or 1.0 percent, at $113.08 a barrel, while West Texas Intermediate […]

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Oil falls pressured by China lockdowns
Commodity

Oil falls, pressured by China lockdowns, reserves release

Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude fell $2.04, or 2%, to $100.74 a barrel at 0139 GMT, while […]

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crude oil imports
Market

India’s January crude oil imports slip from one-year highs

India’s crude oil imports in January slipped from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases. Crude oil imports fell about 1.7% to 19.26 million tonnes last month from a year earlier, government data showed on Friday. Lower imports corresponded […]

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crude oil imports
Market

Oil prices clamber towards 7-year highs on Russia-Ukraine tensions

Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. and Europe and disrupt energy exports from the world’s top producer. Brent crude futures was at $95.73 a barrel by 0109 GMT, up $1.29, or […]

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