Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 89th day by OMCs on August 18. The most recent price reduction had come in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 …
Supported by a healthy economic growth, India’s demand for oil products, including petrol and diesel, is expected to go up by 7.7% to 4.77 million barrels per day (mb/d) in 2022, the Organization of the Petroleum Exporting Countries (OPEC) has forecast. During the year, oil demand is likely to increase by 1.23% in China, 3.39% …
Oil rose toward $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut production to stabilize a volatile market. “Extreme” volatility and a lack of liquidity means the futures market is increasingly disconnected from fundamentals, Saudi Arabia’s Oil Minister Prince Abdulaziz bin Salman told Bloomberg. That spurred a choppy session on Monday …
Bharat Petroleum Corporation Ltd (BPCL) share price tumbled 4.75% on Monday, days after the company reported a net loss of Rs 6,291 crore in the first quarter of the current fiscal year. Analysts noted that the loss reported by the company was owing to retail fuel prices being kept frozen leading to marketing loss. The …
IT major Tech Mahindra on Wednesday posted profit for the quarter ended September 2023 at Rs 493.90 crore, down 61.6 per cent in comparison to Rs 1285.40 during the corresponding quarter of FY23, missing estimates. It posted revenue from operations at Rs 12,863.90 crore, down 2 per cent as against Rs 13,129.50 crore during the …
The rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds, which analysts believe will continue to pummel the Indian currency in the months ahead as well. Earlier in July, rupee tested record lows and breached the Rs 80 per US dollar level at least twice, recovering …
As anticipation mounts for the upcoming Jabalpur North Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Jabalpur North Constituency Assembly Election 2023 that every voter should be …
At least 22 people were killed and 50 to 60 wounded on Wednesday in mass shootings at multiple locations including a bowling alley and a bar in Lewiston, Maine, NBC News reported, citing a Lewiston police source. The Lewiston Police Department on Facebook identified a person of interest in the mass shooting at the bar …
The Indian Rupee is likely to remain flat on Friday as volatility for the domestic currency will remain high following increasing tensions between China and Taiwan. Moreover, traders will also remain cautious ahead of the RBI’s monetary policy decision. USDINR pair is expected to trade within a broad range of 78.80 and 79.80. In the …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended near the day’s high in a highly volatile session with Nifty settling shy of 17,700. The BSE Sensex index closed 130.18 points or 0.22% up at 59,462.78, and the NSE Nifty 50 shut shop 39.20 points or 0.22% higher at 17,698.20. …