Yuan unchanged at 6.4563 against the greenback
Crude oil hits October 2018 highs
Oil prices climbed to highs last seen in October 2018 on Monday as the United States and Iran wrangled over the revival of a nuclear deal, delaying a surge in Iranian oil exports, while investors eyed the outcome of the OPEC+ meeting this week. Brent crude for August had gained 22 cents, or 0.3%, to $76.40 a barrel by 0051 GMT while U.S. West Texas Intermediate crude for August was at $74.30 a barrel, up 25 cents, or 0.3%.
Q4 earnings today
Hindustan Aeronautics, National Aluminium Company, Graphite India, NLC India, IFCI, Triveni Turbine, Welspun Corp, Kiri Industries, Federal-Mogul Goetze, Tamilnadu Petroproducts, GIC Housing Finance, Brightcom Group, GFL and Federal Mogul Goetze are among the companies that will announce their March quarter results today.
India needs tax and regulatory consistency – Cairn
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Cairn Energy to file lawsuits in US, other nations to seize Indian govt assets
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Rational Expectations: Risking seizure of assets is a bad idea Sunil Jain © Provided by The Financial Express In which case, the only hope India has of getting the ruling reversed in the review is if it can prove mala fide in the award, and that is not going to be easy.
It is not clear what India s strategy is going to be when the UK-based Cairn Energy s CEO Simon Thomson comes calling on finance minister Nirmala Sitharaman later this week, but if it is the same as the one adopted in the Vodafone case-that is, to ask for a review of the award-it is a really bad idea. Apart from the signal it sends to global investors, and the fact that unlike the Vodafone case where a retrospective tax demand was also made, the taxman actually seized $1.4bn of Cairn s assets (bit.ly/3digPDv), there is little chance of India winning the review.