S&P Global Ratings have recently revised its 2026 average price assumption for Brent crude oil prices by $5 to $65 S&P Global Ratings on Wednesday said profit margins of oil marketing companies like IOC, BPCL and HPCL, could suffer as they are likely to keep retail prices of petrol and diesel unchanged to curb inflationary…
Cargoes with Additional Stocks Of LNG & LPG Have Started Arriving From Algeria, Australia, Canada, Norway Among Others. The domestic production of LPG (Liquefied Petroleum Gas) produced by Indian refineries such IOCL, BPCL, HPCL has increased by 10%, a top government official aware of the matter told Business Today on Tuesday amid backlash and rising…
In several cases, households that earlier booked LPG cylinders roughly once every 55 days had begun placing orders within just 15 days, raising concerns over possible stockpiling and diversion. The government has increased the minimum waiting period for booking domestic LPG cylinders from 21 days to 25 days in a bid to curb hoarding and…
Under Export Promotion Capital Goods (EPCG) scheme, domestic firms are allowed to import duty-free machines but they have to meet certain export obligations against that The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing…
The weekly options data also suggested that 24,000, where the maximum Put open interest is placed, is expected to be a key support in the short term, while 25,000, which has the maximum Call open interest, is likely to be a crucial hurdle on the higher side. This means the index may possibly trade in…
Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity. The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…
While immediate shortages are unlikely, rising crude prices and higher freight and insurance costs could impact India’s import bill and inflation India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption…
For the year 2026 so far, FIIs have been net sellers of shares worth over Rs 48,000 crore, while DIIs have net bought shares worth more than Rs 1.07 lakh crore. At close, the Sensex was down 961.42 points or 1.17 percent at 81,287.19, and the Nifty was down 317.90 points or 1.25 percent…
The planned share sale will be entirely an offer for sale, with existing shareholders expected to divest about 4 per cent to 4.5 per cent of the company’s equity By Rajesh Mascarenhas, Baiju Kalesh and Dave Sebastian National Stock Exchange of India Ltd. has issued a request for proposals to investment banks, inviting them to…
Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance in nearly 23 years. This has also weighed on the performance of the Indian stock market’s benchmark index, as the IT companies command over 10% weightage. IT stocks witnessed a breather on Wednesday, February 25, in an…