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We expect the greenback to continue to be supported as we approach the likely lift-off in rates," Singapore's United Overseas Bank said, referring to a December 17 meeting of the Fed's policy-setting Federal Open Market Committee.A strong dollar, fuelled by widening expectations that the US Federal Reserve will raise interest rates next month, has also been keeping a lid on prices.At around 0300 GMT Wednesday, US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at $43.18.jpg The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel Singapore: Oil prices resumed their decline in Asia Wednesday, with global crude oversupply continuing to dampen investors' sentiment despite occasional rallies.

Oil is traded in the US currency and a buoyant dollar would make the commodity more expensive for those holding weaker units, lowering demand and prices.The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel China blown film extruders Suppliers Oil. Prices had risen the previous day after a four-day losing streak, as traders weighed a bearish price outlook from the International Energy Agency (IEA) and a lowered US estimate for crude production.The Paris-based IEA, in a report Tuesday, forecast that the global oil market would recover to $80 a barrel by 2020.The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel, hurt by the supply glut and the decision by the oil exporter grouping OPEC to maintain output to counter booming US shale production.74 and Brent crude for December was down 26 cents at $47."We continue to think the market will remain in surplus through most of 2016, which is likely to restrict the upside for prices, particularly over the fourth quarter of 2015 and the first quarter of 2016," British bank Barclays said in a market commentary

The futures markets see oil prices rising to $60 a barrel only by 2020, which means the Indian economy can expect to be a beneficiary over the next few years too, although the falling rupee might be a worry since with every rupee increase against the US dollar the oil import bill could go up by Rs 7,455 crore..The other great trend was the rise in the e-retail segment of e-commerce with Amazon India estimated to have sold goods worth over Rs 10,000 crore. But the Indian government has been singing all the way to the bank as it was able to curtail fiscal subsidies for stabilising retail energy prices and simultaneously increase its share of the excise duty.

From a high of $115 a barrel in June 2014, prices skidded to a low of $37 a barrel in the last week of 2015. China blown film extruders Manufacturers The biggest surprise of 2015 was that there seemed to be no bottom to plunging oil prices. The impact on global GDP growth, at a mere 0. Close to 100 million shoppers out of about 375 million Internet users make up the great Indian e-retail marketplace. Flipkart and Snapdeal saw their valuations go through the roof and the New Year is likely to be even better for e-commerce in all sectors, including call taxis, payment companies, second-hand goods auction sites, and even mobile advertisement companies, besides travel. Every $1 decrease is thought to bring down the import bill by Rs 6,500 crore and reduce the subsidy burden by `900 crore. From a high of $115 a barrel in June 2014, prices skidded to a low of $37 a barrel in the last week of 2015.The biggest surprise of 2015 was that there seemed to be no bottom to plunging oil prices. The sky is the limit for Internet-based commerce in 2016

The refiner has benefitted from the industrial recovery with a spike in diesel demand by 16 per cent in October from two and a half per cent in September.5 million tonnes. The corporation registered gross sales of Rs 1,01,114 crore for the April-September period up 6.9 per cent to 16. Petrol sales increased 14. conical twin screw barrels Factory HPCL has planned a capital expenditure of Rs 4,200 crore for the expansion of its refinery capacity in Mumbai from 6. Net profits were up 41 per cent for the April -September at Rs 1,268 crore.HPCL has planned a capital expenditure of Rs 4,200 crore for the expansion of its refinery capacity in Mumbai from 6.

It expects to get environmental approval by February and the expansion will be completed in three years.4 per cent said Ms Nishi Vasudeva, who is also the first woman chairman and managing director of an oil refining company. The corporation is in the process of commissioning the 443 km long Rewari-Kanpur product pipeline at the cost of Rs 1,400 crore and with a capacity of 7.27 million tonnes, over the same period last year.9 per barrel for the corresponding period in 2014.5 million tonnes.7 per cent.5 million tonnes to 9.45 per barrel for the half year ended September against $2.9 per cent which is higher than the PSU industry average of 4. The gross refining margins increased to $5. The sales of lubricants was up 39 per cent making it the number one in the market. For the July-September quarter the declining crude and product prices severely impacted the corporation's financials, said Ms Vasudeva and the loss suffered was Rs 320 crore

4 per cent.49 million tons of crude oil in the quarter, almost unchanged from the previous year.HPCL recorded highest ever market sale of 9.20 million tons screw barrel of injection moulding machines Factory of fuel in the quarter, 3.He said HPCL's Mumbai and Visakh refineries processed 4.For example, if crude oil is purchased at say USD 50 per barrel price, an inventory loss would arise if by the time it is refined and marketed the price falls below that.56 per barrel during April?June as against increase of USD 10.

Surana said 83 petrol pumps were commissioned during Q1 taking the total retail outlet network to 14,495.For the 2017-18, HPCL plan to invest about Rs 7,100 crore.20 per cent," he said adding petrol sales rose 9 per cent while diesel was up 2.5 per cent higher than 8. Electronic data capture (EDC) services and mobile wallets for digital transactions is available at more than 96 per cent of the total retail fuel stations as of June.Inventory loss occurs when the oil prices fall after procurement and before marketing.89 a barrel in the same period of 2016.Inventory losses arose because the price of basket of crude India buys, known as Indian Basket, dropped by USD 4.An inventory gain would be booked if reverse happens -- product prices rise after procurement and before marketing.Net profit of the state-owned company in the April-June quarter was Rs 925 crore, lower than Rs 2,098 crore in the year-ago period.86 on turning every barrel of crude oil into fuel during April-June, 2017-18 as compared to a gross refining margin of USD 6.

The Centre levies Rs 19.47 a litre in Delhi foaming barrel screws Manufacturers and diesel Rs 68.84 a litre in case of petrol and Rs 2. Under the scheme, oil producers, who get paid international rates for the oil they produce from domestic fields, would have to part with any revenue they earn from prices crossing USD 70 per barrel mark. Incidentally, ONGC and Oil India Ltd had till June 2015 provided for up to 40 per cent of the annual fuel subsidy bill. This follows reluctance on part of the finance ministry to cut excise duty as it has to ensure adequate funds are available to social welfare schemes in the election year. This may be accompanied by a minor tinkering with excise duty rates to give immediate relief to consumers.The revenues so collected would be used to pay fuel retailers so that they absorb spikes beyond the threshold levels, they said.48 as excise duty on a litre of petrol and Rs 15.84 a litre in case of petrol and Rs 2.Sources said a USD 70 per barrel threshold for the windfall tax is sufficient to cover for capital expenditure requirement of ONGC and other oil producers.

Windfall tax, they said, is levied in some of the developed countries globally. On May 14, rates have gone up by Rs 2.States too would be asked to cut sales tax or VAT to show a visible impact on retail prices.. China on April 1, 2006, began levying the special upstream profit tax on domestic oil producers to redistribute and allocate the windfall income enjoyed by the oil companies and subsidise disadvantaged industry and social groups that are most affected by soaring crude oil prices.53.In particular, resources have to be arranged for the National Health Protection Scheme (NHPS) that aims to provide health insurance cover of Rs 5 lakh to every eligible household.A similar tax was considered in 2008 when oil prices were on the rise but the idea was dropped after stiff opposition from private sector firms like Cairn India. This discount helped the retailers make good a part of the losses they incurred on selling petrol and diesel below cost.

Two gang members, who are on the run, are natives of Nepal. Eight members of the gang are Nepalese working in the city. The robbers used gas cutters to break open the safe in jewellery shops, said police sources.. They have also struck in several places in Kolkata, police said. The gang was armed with choppers, gas cutters, gas nozzles, ropes, screw drivers and other equipment. Two gang members, who are on the run, are natives of Nepal.  The accused have been identified as Shankar Shahud (28), Pawan Waougi (40), Maanbahadur Karki (36), Omchamling Rai (26), Sagar Ahuja (32), Arjun Bohara (24), Giri Prem Singh (35), Bhakthkari Dholi (35), Humayn Shaikh (40) and Saihbut Shaikh (25). Some of them were released from prison recently. The accused have several robbery cases registered against them in the past in Mumbai, Thane and Navi Mumbai regions.

In some cases they have rented the neighbouring shop to sell seasonal fruits and drilled a hole into the jewellery shop,” said a crime branch officer. conical twin screw barrel (Representational Image) Mumbai: The Mumbai crime branch has busted a gang of robbers, apprehending 10 of its members who were allegedly planning to rob the renowned Waman Hari Pethe jewellers in Dadar.A case was recently was registered by the Bhiwandi crime branch against the gang.Their modus-operandi involved incapacitating the watchmen and then gagging them.“The method of the gang is to take up small time jobs, mostly related to hawking or of security guards, around the target shop to keep a watch before chalking out a plan

The woman&building block flat twin screw barrel39;s husband was out of the city on a business tour and the elderly members of the family are in Uttarakhand, the SHO said, adding that the police was investigating all possible angles.The 15-year-old son of the woman, who is missing after the Tuesday night incident, is a suspect in the case. The 15-year-old son of the woman, who is missing after the Tuesday night incident, is a suspect in the case. A 42-year-old woman and her 12-year-old daughter were beaten and stabbed to death at their apartment in a residential complex Noida.. (Photo: File/Representational)

A 42-year-old woman and her 12-year-old daughter were beaten and stabbed to death at their apartment in a residential complex Noida, the # police said on Wednesday. The police are searching for him, Station House Officer (SHO), Bisrakh, Ajay Sharma said.It seems, there were only three people present in the apartment during the incident, the deceased woman, her daughter and the boy, who went missing after the killing, he said. They were beaten with a bat and stabbed with a screw driver, he added.The officer said that the bodies were found wrapped in a blanket by a police team.Senior police officials, including the Senior Superintendent of Police, have visited the spot, he informed

It’s a bit strange to review a book where you know so many of the characters, share a history with many of them and can still call a few of them friends. It made him famous. Gopinath, a friend and writer for Junior Statesman or JS (the only magazine that ever covered the activities of rock’n’rollers and even put our pictures on their pages), had done a story about the life of a beggar by dressing up as one and actually living on the street to write a first-hand experience. History is now going to remember me as someone I never was. At a time when reality journalism was unheard of in India, he was unique. This despite the fact that according to JS, “Suresh Shottam is about the best guitarist in the country. And best of all, I didn’t have to go to college.Y.Bhatia correctly concludes that of all the rock’n’roll musicians and bands that tried to “make it” in the big bad world in India, there’s been only one person who has succeeded.. He told me that he could make people do whatever he wanted merely by concentrating on the activity with all his focus. I remembered having a lot of fun, being surrounded by cool-looking men, being in the spotlight, which was great. My ex-husband Suresh, lead guitar player of the Human Bondage, refuses to read the book. But since he was a family friend, my mother (who didn’t give a single naya paisa for journalistic accomplishment) ordered him to accompany me in an auto each night to The Cellar (a disco in Connaught Place where I had just begun singing with the Human Bondage) and bring me back, because she didn’t trust me on my own. I couldn’t really recall any specifics. I know the musicians who read this book will certainly enjoy reliving some of their antics. I guess that’s why the word “fan” comes from the word “fanatic”. So we’ll take our 15 minutes, thank-you-very-much. Like the one about C. In a few minutes he’d be scratching his ear, unaware that a superior human being had taken control of his mind. Not Ramaswamy. It didn’t matter.

We must have made an impact because night after night there were hundreds of people listening to us and recording it in their brains.Who cares about that I wondered. Biddu put India on the map in terms of pop or rock’n’roll while most other Indian bands either faded away quietly into corporate India or the grave, because the drugs were a-plenty. “I’m writing a book about rock’n’roll in India, back in the 60s and 70s and a bit of the 80s,” he explained. I loved reading India Psychedelic.But all that fan-following and adulation didn’t lead to fame and fortune. Sidharth, if you’re reading this, my name was Radha Ramchandra. Bhatia rekindled many memories that I’d completely forgotten.But I do have one complaint. I am sure that Bhatia’s book is going to bring back forgotten memories for a lot of people who lived through that era. Art is art and Indian rock’n’roll (and jazz) artists don’t ever get the kind of recognition their hours of practice and heart-felt performances ought to command. But there’s a case for recording and preserving Indian history, no matter how thin the slice or how irrelevant the subject matter is to the larger population. I am shocked that they even remember me. He points out that while the going may have been tough for them back in the day, one of their records, Black Scorpio, sold for a whopping $3,000 on eBay in 2011. His guitar is heavily influenced by Indian classical music. And damn it if the auto guy didn’t oblige. Biddu is also a writer, and besides his autobiography, he’s written a novel. It was heady and unreal.But if I remembered nothing much (I don’t think I gave Sidharth anything concrete to go on), the opposite is true of the people who came to listen to us perform. CY would amuse me on those rides. Most of it was a dim memory.