Business News Live: Editorji brings you the top 5 market headlines on April 1

April 1 latest business news as we kick off the new fiscal year, the market braces for a volatile ride with Russian stand-off continuing and foreign flows staying on the sideline as price hikes stake centre stage. Here are the top news for the day

Oil Wars: Russia to shut, US opens floodgates
Kremlin Chief signs a decree asking EU to pay for gas in Rubles or Moscow will shut the pipeline. Price of natural gas spikes but oil prices plunge as Biden ups the game and announces a mega release of crude from of the Strategic Petroleum Reserve.

The Fuel Feed
Petrol, Diesel prices take a breather as Aviation Fuel, Commercial LPG prices and prices of domestically produced gas see sharp increase. Fuel for airlines hit record high after seventh hike, price of domestically produced gas is doubled.

CNG, Pipe Gas price pressure
Govt has given the nod for domestic gas producers to double their price to customers, who are largely CNG, PNG providers and the fertilizer industry.

Crypto Corner
Tax on digital assets kicks off today, 30% flat tax on gains from virtual assets with setting off provided on any losses. No write-off for hardware/software bought for digital asset trading either.

What a year...already!!
Gautam Adani has gathered the most wealth globally in this year so far outpacing not just Mukesh Ambani but even Warren Buffet. The 11th richest man in the world got richer by $21 billion in the first three months of the year.