In her letter to Prime Minister Narendra Modi, Sonia Gandhi also addressed the rising rates of LPG gas cylinders, saying there could be no justification for the government to increase the price of an LPG cylinder by Rs 175 in just two and half months since December 2020.
Midcap stocks have been bruised and battered this month, with most of the companies making losses in the December quarter earnings. However, there is still optimism left for the midcap sector as most analysts feel that the next quarter looks hopeful.
Nirmal Bang has come out with its report on Oil & Gas sector. As per the research firm, the stock trajectory will depend on how soon the fuel price hikes take place.
According to Tirthankar Patnaik of Religare Capital Markets, the size of the government’s borrowing program will weigh down heavily on the market.
With fuel price hikes and inflation dampening demand for commercial and passenger vehicles, non-banking finance company Sundaram Finance today said it aims for "modest" growth in loan disbursements this fiscal.
Jet Airways’ vice president of finance, Shiv Kumar, tells CNBC-TV18 that the loss incurred in Q4 on an annual basis was mainly on account of fuel price hikes.