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4 mins read

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   


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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…

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2 mins read

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…

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2 mins read

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   


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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   


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1 min read

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   


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2 mins read

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   


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4 mins read

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   


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5 mins read

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…

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3 mins read

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…

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1 min read

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   


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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   


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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…

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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   


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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   


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6 mins read

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…

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3 mins read

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…

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4 mins read

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   


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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   


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Stocks unlikely to be impacted by windfall tax removal

Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …