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Axis Bank, Indian Oil partner to launch contactless RuPay Credit Card
Axis Bank and Indian Oil Corporation Limited IOCL have announced the launch of a contactless RuPay Credit Card in collaboration with the National Payments Corporation of India NPCI. Along with a fuel surcharge waiver and cashback on fuel purchases, the credit card offers a fuel ...
Updated: 06/07/2022
Reliance shares tank over 600 points in early morning trade
... said that every $1 a barrel increase in Reliance 's GRM increases its earnings per share EPS by around 4 per cent, as well as FY 23 earnings per share EPS . For India s three oil marketing companies - Bharat Petroleum , Hindustan Petroleum and Indian Oil Corporation - every $1 a barrel increase in GRM raises their FY 23 EPS by 16 per cent, 14 per cent and 16 per cent each, Citi said. Every re 1 a-liter decline in marketing margins adversely affects their respective earnings by 35 per cent, 40 per cent ...
Updated: 06/07/2022
MRPL, CPCL rally to 52-week highs amid weak market
... per cent and hit their respective 52 week highs amid heavy volumes on the BSE in Tuesday s trade in an otherwise weak market. Indian refiners are able to process raw crude into refined products because of the rise in Singapore gross refining margin GRM ... ... operates in the downstream petroleum sector. It produces an array of value-added petroleum products. MRPL is a subsidiary of Oil and Natural Gas Corporation Limited ONGC , which holds 71.63 per cent of equity shares. In January-March quarter Q 4 FY 22 CPCL reported a four-fold ...
Updated: 06/07/2022
FPIs pull out of Indian equity market in May on rate hike fears
... according to the data. The huge outflow is a factor that causes the weakness in the Indian market. Himanshu Srivastava , Associate Director-Manager Research, Morningstar... ... Leader Financial Services Tax, BDO India . The fear that high inflation could hamper corporate profits and affect consumer spending, according to Srivastava , is why investors... ... sale-off in June could be attributed to rising risk of inflation and elevated crude oil prices, according to Kotak Securities' Chouhan. If the dollar and the US bond stabilse...
Updated: 06/06/2022
FPIs pull out of Indian equity market in May on rate hike fears
... in May, according to the data. The huge outflow is a factor in the weakness of the Indian market. Himanshu Srivastava , Associate Director-Manager Research at Morningstar... ... Srivastava , investors are cautious due to the fear that high inflation could hamper corporate profits and affect consumer spending. These factors, along with the continuation... ... sell-off in the month of June could be due to rising risk of inflation and elevated crude oil prices, according to Kotak Securities' Chouhan. If the dollar and US bond stabilise...
Updated: 06/05/2022
ONGC shares slide 6 per cent on exploration plan
Oil and Natural Gas Corporation ONGC shares hit a four month low of Rs 142.35, down 6 per cent on the BSE in Friday after the company said it will invest 31,000 crore over the next three years in exploring the Indian sedimentary basin for fuel reserves. Oil and Natural Gas Corporation ONGC shares hit a four month low of Rs 142.35, down 6 per cent on the BSE in Friday after the company said it will invest 31,000 crore over the next three years in exploring the Indian sedimentary basin for fuel reserves. The state-owned ...
Updated: 05/27/2022
Sensex, Nifty likely to open higher amid volatile trading
... During the quarter, 35 crore were under review. The same stood at 1,275 in the year-ago period. 01 crore. ONGC: India's top oil and gas producer said it will invest 31,000 crore over the next three years in exploring the Indian sedimentary basin for fuel reserves that could be used to increase the nation's production in its attempt to be self-reliant ... ... Airtel: Moody's Investors Service has changed its issuer rating of the company to Baa 3 Stable from Ba 1 Positive. The Ba 1 corporate family rating was withdrawn by the company. Moody's upgraded its senior unsecured debt rating from Baa 1 to Baa 3 on ...
Updated: 05/27/2022
Sensex, Nifty likely to open higher amid volatile trading
....09% of its equity stake in Sociograph Solutions Pvt Ltd for Rs 2 crore. SSPL is an artificial intelligence software company that specialises in visual AI and helps enterprises improve their sales experiences and improve efficiency in their business. Oil and Natural Gas Corporation: The state-owned company said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN 98 2 block. Birlasoft said the company had net profit of 132.897 crore in Q 4 against Rs 113.967 crores for the quarter ago period. Revenue rose to 1,104. 2 crore against ...
Updated: 05/24/2022
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