Jul 29, 2015 at 11:04 | Source: CNBC-TV18
Its profitability is solely driven by Hindustan Zinc and Cairn India, wherein company owns 65 percent and 59 percent stake, respectively. Both companies contribute around 75 percent of the total EBITDA of Vedanta.
Jul 29, 2015 at 09:13 | Source: CNBC
According to a new report from WealthInsight, turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come.
Jul 29, 2015 at 08:50 | Source: Reuters
Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter, a Reuters survey showed.
Jul 29, 2015 at 07:39 | Source: Moneycontrol.com
US markets close with over 1 percent gains over encouragement from recovery in oil prices.
Jul 28, 2015 at 19:13 | Source: PTI
As global gas prices slumped, India has deferred taking deliveries of at least 20 shiploads of expensive liquefied natural gas (LNG) from its main supplier Qatar and wants a rate cut matching the 60 percent fall in international rates.
Jul 28, 2015 at 17:38 | Source: CNBC-TV18
The Indian Oil Corporation (IOC) divestment seems favourable as the company's stock price is currently trading near its-all time high and the government's reforms drive, which have led to a complete deregulation of petrol and diesel prices.
Jul 28, 2015 at 14:37 | Source: Reuters
The company also lowered its expected full-year organic capital spending to below USD 20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.
Jul 28, 2015 at 10:25 | Source: CNBC-TV18
Analysts expect subdued revenues growth as demand is yet to pick up. According to analysts polled by CNBC-TV18, revenue is expected to increase 7.6 percent to Rs 1,446 crore in the quarter ended June compared to Rs 1,344 crore in the year-ago period.
Jul 28, 2015 at 10:10 | Source: Reuters
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
Jul 27, 2015 at 09:55 | Source: PTI
Oil prices fell further in Asia on Monday, hurt by a slump in the manufacturing sector in China, the world's top energy consuming nation.