Author: Tushar1912garg

Russia’s finance minister, Anton Siluanov, recently announced plans to reduce the discount used for setting taxes on the country’s crude oil exports from $25 per barrel to $20 per barrel. The move comes as a response to Western sanctions imposed on Russia after it invaded Ukraine, including a $60-per-barrel price cap on Russian crude exports and the European Union’s import ban. The changes in tax calculations for oil sales aim to cope with the economic challenges caused by the sanctions. Impact of Sanctions on Russia’s Oil Revenue: The Western sanctions and restrictions have significantly affected Russia’s oil and gas revenues,…

The Relative Strength Index (RSI) serves as a crucial technical indicator in assessing stock market dynamics. By measuring the speed and change of price movements, RSI provides valuable insights into a stock’s momentum and potential trend reversals. With an RSI ranging from 0 to 100, values above 70 indicate overbought conditions, while those below 30 signify oversold conditions, aiding investors in making informed decisions. Spotting Investment Prospects – Nine Promising Stocks with RSI Trending Up Sundaram Finance Ltd. (RSI: 54.93, Prev. RSI: 46.82) Sundaram Finance, a renowned non-banking financial company (NBFC), demonstrates positive momentum with its RSI trending up. The…

The first quarter results for various automobile companies are eagerly awaited by investors and industry enthusiasts alike. As the world continues to navigate the uncertainties brought on by the pandemic, these financial reports hold crucial insights into the performance and resilience of the automotive sector. This article delves into the Q1 results for automobile companies, analyzing their performance, challenges faced, and prospects for the future. Tata Motors and Bajaj Auto: Riding the Recovery Wave Tata Motors and Bajaj Auto, two prominent players in the Indian automobile industry, reported their Q1 results, reflecting a strong recovery in demand. Despite the challenges…

The Virgin financial corporations (NBFCs) and housing finance companies (HFCs) have reason to be optimistic as their growth outlook receives a significant boost. According to ICRA Ratings, the projected growth for NBFCs and HFCs’ assets under management (AUM) has been revised upwards to 13-15% from the earlier estimate of 11-13%. This positive revision is primarily driven by an expected surge in the retail loan segment. As of March, the total sector AUM was around ₹40 lakh crore, encompassing retail, infrastructure, and wholesale loans. Retail Loan Growth Propels Optimism The retail loan portfolios of NBFCs are anticipated to witness substantial growth,…