Oct 05, 2018 11:03 AM IST
The central excise duty has been cut by Rs 1.5 per litre while oil marketing companies (OMCs) have been asked to absorb a cut of Rs 1 per litre which will impact margins as well as earnings of HPCL, BPCL, and IOC.
- Sep 28, 2018 01:18 PM IST
CLSA sees Vedanta, GAIL and ONGC being good buy options based on factors such as favourable risk reward and lack of subsidy burden, among others.
- Sep 27, 2018 10:22 AM IST
The government raised basic customs duties across air conditioners, refrigerators, washing machines (
- Sep 21, 2018 10:30 AM IST
The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. Its currency has fallen sharply this year against the US dollar, amid a wider sell-off in emerging markets.
- Sep 12, 2018 05:20 PM IST
"Will look at moving some of the related facilities, especially the LPG facility, to an alternate location for safety and commercial reasons," said D Rajkumar, chairman and managing director, BPCL.
- Sep 11, 2018 05:36 PM IST
Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
- Aug 17, 2018 03:48 PM IST
Three vessels, including two very large crude oil carriers (VLCC) and one Suezmax, have been waiting to unload crude oil for 5 to 12 days.
- Aug 17, 2018 03:47 PM IST
The middle distillates making unit, a 6,000-tonnes per day (tpy) hydrocracker, was shut since Aug. 8 following a fire that left 40 people injured.
- Aug 08, 2018 08:37 PM IST
Net profit in April-June at Rs 2,293.26 crore, or Rs 11.66 a share, was higher than Rs 744.56 crore, or Rs 3.79 a share, in the same period of the previous fiscal.
- Aug 06, 2018 05:10 PM IST
The refiner has shut the delayed coker after a fire during the weekend and has decided to advance the September shutdown, one of the sources said.
- Aug 01, 2018 08:20 AM IST
The panel also asked the government to release balance amount of capital subsidy of Rs 449.45 crore that would help BCPL improve its financial condition.
- Jul 24, 2018 10:14 AM IST
PSU oil and gas companies have already spent Rs 17,544 crore in the June quarter, almost a fifth of their total planned capex for the entire year
- Jul 22, 2018 07:17 PM IST
Net Sales are expected to increase by 18 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 67,391.2 crore, according to KR Choksey.
- Jul 19, 2018 06:00 PM IST
Net Sales are expected to increase by 38.7 percent Y-o-Y (up 21.4 percent Q-o-Q) to Rs. 79,224 crore, according to HDFC.
- Jul 18, 2018 12:19 PM IST
Brent crude oil prices corrected sharply from its recent 3-1/2-year high of $80.50 hit last month.
- Jul 17, 2018 05:45 PM IST
Net Sales are expected to increase by 27.4 percent Y-o-Y (up 11.6 percent Q-o-Q) to Rs. 72,802.3 crore, according to Kotak.
- Jul 16, 2018 09:04 AM IST
Vikas Jain of Reliance Securities said the index will find support at its 20-day moving averages placed at 10,800 levels
- Jul 12, 2018 01:36 PM IST
Any fall in crude oil price is always good for oil marketing companies as well as for country like India which imports more than 80 percent of its requirement.
- Jul 08, 2018 12:03 PM IST
In an order, the CCI said "no case of contravention under Section 3 or Section 4 of the (Competition) Act" is made out against IOCL, HPCL, and BPCL.
- Jul 06, 2018 12:40 PM IST
132 stocks have hit new 52-week low including Amtek Auto, DEN Networks, Dena Bank, Hathway Cable, HDIL, INOX Wind, Kwality, Reliance Naval, Tata Power, Capital First and Vedanta among others.
- Jun 28, 2018 11:00 AM IST
Any rise in crude oil prices is always negative for not only oil marketing companies but also aviation firms.
- Jun 27, 2018 06:50 PM IST
Analysts said speculators built fresh positions after oil prices rose in Asia as the US pressured allies to stop buying Iranian crude. This mainly led to rise in crude oil prices in futures trade here.
- Jun 27, 2018 11:10 AM IST
Concerns like supply disruptions in Libya and Canada, US officials statement saying all countries should stop Iranian crude imports from November pushed crude oil prices higher.
- Jun 19, 2018 04:00 PM IST
Currently, state-run companies operate around 57,000 filling stations while the private players run around 6,000.
- Jun 18, 2018 10:05 AM IST
Oil prices corrected nearly 11 percent from the $80.50 a barrel (the highest level since November 2014) touched on May 17.