Over 300% returns! Gold delivers bumper gains as RBI announces SGB 2017-18 Series maturity date; check final redemption price
Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. (AI image) Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%!The RBI has released the…
Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October
Eight key members of the OPEC+ alliance announced plans to raise oil production again, in a move analysts view as an effort to secure a larger share of the global crude market.The “Voluntary Eight” (V8) – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, on Sunday said that they would increase…
Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit
The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…
