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· Oil prices clawed back deep early losses to stand about 50 cents lower on Wednesday after OPEC formally agreed to return to its 2007 production target of 28.8 million barrels per day (bpd). (ET) · In order to make the prices of jet fuel and bunker fuel competitive for international airlines and shipping lines at the Indian airports and seaports, the government is considering fixation of all-industry rate of duty drawback on the supplies of petroleum products. (FE) |
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Stock prices put on a rally in the last fortnight, due to an easing in crude prices. On concerns of a slowdown in global economic activity crude prices have declined within the USD 110 per barrel mark to close on Friday, 5th Sept. at USD 106. With the current supply being adequate, it is expected that crude would stabilize at the current levels or lower. |
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The Financial Markets is always in a continuous flux. The other day, the Finance Minister inaugurated the trading of Currency Futures. In this news update bulletin, we bring to you some important updates and insights on Mutual Funds and Insurance.
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A recent nationwide survey reveals that most Indians prefer keeping 65 percent of their savings in liquid assets like bank or post office deposits and cash at home, while investing 23 percent in physical investments like real estate and gold and only 12 percent in financial instruments.
For getting secure return on their earning, 51 percent of Indians put their savings in the banks while 36 percent of households still prefer to keep cash at home. The investment in post offices and other guaranteed return schemes and plans gets minor part of total savings. Only 5 percent of family put their money in post offices, while 2 percent buy insurance policies and 0.5 percent invests in equities. |
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Mukesh Ambani is the richest man on earth! Markets on a roll. Good for the TRP of news channels. But other things with which you should be updated are as under. Even if they are not glamorous enough!! |
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