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After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra
A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…
Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit
Reliance Industries, led by Mukesh Ambani, has laid out ambitious plans during its Annual General M…
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
Uncertainty over election results may keep market volatile: Experts
The Nifty-50 Index and Sensex both experienced losses of around 3 percent each over the past week, …
ANI
IndianOil posts 69% drop in its standalone net profit for 2022-23
The oil marketing company has reported revenue from operations of Rs 9,34,953 crore for 2022-23 as …
ANI
Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…
Jennifer Sor
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
State-owned oil stocks have more juice left in the barrel
Few stocks can claim to have juice left as markets hit staggering heights as 2023 bid goodbye. Publ…
Global stocks rally even as Sensex, Nifty fall sharply on Friday
BSE Sensex witnessed losses exceeding 600 points on Friday due to selling pressure in financials an…
Markets give up early gains; trade lower on profit-taking
Equity benchmark indices climbed in early trade on Thursday but later gave up all the gains to quot…
PTI
Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …
ANI
BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices
The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 fi…
Indian stock markets tank after investors rush to book profits
Indian stock markets recorded a significant decline due to the profit-booking in financial, IT and …
PTI
BPCL Q3 net profit jumps 82% on higher refining, market margins
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday reported an 82% jump in its December …
PTI
Earning forecasts for Q4 FY24: Healthcare and cement companies to shine
In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much b…
Red flags for Indian equities emerge after crude oil jumps 30% since June this year
After rallying relentlessly for three weeks, Indian equities appear to be losing steam. Crude price…
Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
The profit was, however, higher quarter-on-quarter when compared to Rs 17,265 crore in October-…
PTI
ONGC Q2 Results: Profit drops 30% to ₹12,826 crore as govt levies windfall tax
Profit fell 15.6 per cent over the preceding June quarter when it had reported Rs 15,205.85 cro…
PTI
Stocks unlikely to be impacted by windfall tax removal
Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …