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Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
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After Trump's "Unjustified" Tariffs, India Assures "Necessary Actions"
India has made it clear that it stands firm on its national interests after US President Donald Trump's move to impose another 25 per cent tariff over the import of Russian oil.
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Sensex, Nifty Decline On Concerns Over US Tariff Imposition
US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment.
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Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
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IOC Net Profit Drops 81% In Q1 On Low Refining Margin, Fuel Under-Recoveries
IOC reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates.
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Tirupati Temple Worth Over Rs 2.5 Lakh Crore, Is Richer Than Wipro, Nestle
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC.
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Petrol Pumps From 24 States Announce No Fuel Purchase From Oil Firms Today
The petrol pump dealers' association has announced that no purchase of petrol and diesel will be done from oil marketing companies (OMC) on Tuesday.
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Petrol, Diesel Prices Hiked By 60 Paisa Per Litre After 83-Days
Petrol and diesel prices were increased on Sunday by 60 paisa per litre, as the state-owned oil firms restarted daily price revisions after an 82-day hiatus. Petrol price in Delhi was hiked to Rs 71.86 per litre from Rs 71.26 a litre till Saturday, while diesel rates were increased to Rs 69.99 per litre from Rs 69.39, according to a price notificat...
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Oil Marketing Firm Eighty-Eight Oil Declares Force Majeure
U.S. crude marketing company Eighty-Eight Oil LLC has declared force majeure after oil producers across the Rockies and North Dakota shut production as the coronavirus eroded demand and sent prices plunging, four sources familiar with the matter said. The company declared force majeure after producers selling oil to them shut production, causing Ei...
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Dead Monkeys, Pigeons Found Buried In Raigad, 8 People Detained
Eight people have been detained by the Maharashtra Forest department following the discovery of bodies of monkeys and pigeons buried in the premises of an oil marketing firm in neighbouring Raigad district, the police said.
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Fuel Price Cut By Oil Firms One-Time Move: Official
The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a "one-time measure", and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday.
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Crude Oil Prices Sink Over 1% Amid Global Market Plunge, US Production Spree
Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.
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Nifty Sets New High, Dixon Tech Surges 70% On Day 1: 10 Points
Indian stock markets surged to new highs today amid firm global markets. The National Stock Exchange benchmark index Nifty hit a record high of 10,171, surpassing its August high of 10,137, before closing at 10,153. The Sensex closed at 32,423, up 151 points. Noida-based Dixon Technologies made a blockbuster debut on exchanges with its shares risin...
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Saudi King's Asia Tour Trumpets Oil Firm Aramco's Moves Downstream
Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hard-nosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.
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No Shortage of Fuel in Chennai, Suburbs, Says Indian Oil Corporation
There is no shortage of fuel in Chennai or its suburbs, where petrol pumps were closed for safety following floods, nation's largest oil marketing firm IOC has said.
-
Cabinet Approves Rs 30,000-Crore LPG Subsidy To Compensate Oil Firms For Losses
Cabinet on Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum -- to compensate for losses incurred from selling LPG at below cost over the past 15 months.
-
After Trump's "Unjustified" Tariffs, India Assures "Necessary Actions"
India has made it clear that it stands firm on its national interests after US President Donald Trump's move to impose another 25 per cent tariff over the import of Russian oil.
-
Sensex, Nifty Decline On Concerns Over US Tariff Imposition
US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment.
-
Reliance, Airtel Among Nifty 50 Firms Experimenting with Web3, Testifies to Sector Growth: Mudrex
About 16 Nifty 50 firms, including Reliance, Airtel, ITC, and TCS, are exploring Web3 for digital marketing, supply chain management, CBDCs, and cross-border trading, according to a report by crypto investment firm Mudrex that was exclusively shared with Gadgets 360.
-
IOC Net Profit Drops 81% In Q1 On Low Refining Margin, Fuel Under-Recoveries
IOC reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates.
-
Tirupati Temple Worth Over Rs 2.5 Lakh Crore, Is Richer Than Wipro, Nestle
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC.
-
Petrol Pumps From 24 States Announce No Fuel Purchase From Oil Firms Today
The petrol pump dealers' association has announced that no purchase of petrol and diesel will be done from oil marketing companies (OMC) on Tuesday.
-
Petrol, Diesel Prices Hiked By 60 Paisa Per Litre After 83-Days
Petrol and diesel prices were increased on Sunday by 60 paisa per litre, as the state-owned oil firms restarted daily price revisions after an 82-day hiatus. Petrol price in Delhi was hiked to Rs 71.86 per litre from Rs 71.26 a litre till Saturday, while diesel rates were increased to Rs 69.99 per litre from Rs 69.39, according to a price notificat...
-
Oil Marketing Firm Eighty-Eight Oil Declares Force Majeure
U.S. crude marketing company Eighty-Eight Oil LLC has declared force majeure after oil producers across the Rockies and North Dakota shut production as the coronavirus eroded demand and sent prices plunging, four sources familiar with the matter said. The company declared force majeure after producers selling oil to them shut production, causing Ei...
-
Dead Monkeys, Pigeons Found Buried In Raigad, 8 People Detained
Eight people have been detained by the Maharashtra Forest department following the discovery of bodies of monkeys and pigeons buried in the premises of an oil marketing firm in neighbouring Raigad district, the police said.
-
Fuel Price Cut By Oil Firms One-Time Move: Official
The petrol and diesel price cuts made earlier this month by state-run oil marketing companies was a "one-time measure", and the government has no intention of reversing the deregulation of the oil market, a Finance Ministry official said here on Thursday.
-
Crude Oil Prices Sink Over 1% Amid Global Market Plunge, US Production Spree
Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.
-
Nifty Sets New High, Dixon Tech Surges 70% On Day 1: 10 Points
Indian stock markets surged to new highs today amid firm global markets. The National Stock Exchange benchmark index Nifty hit a record high of 10,171, surpassing its August high of 10,137, before closing at 10,153. The Sensex closed at 32,423, up 151 points. Noida-based Dixon Technologies made a blockbuster debut on exchanges with its shares risin...
-
Saudi King's Asia Tour Trumpets Oil Firm Aramco's Moves Downstream
Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hard-nosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.
-
No Shortage of Fuel in Chennai, Suburbs, Says Indian Oil Corporation
There is no shortage of fuel in Chennai or its suburbs, where petrol pumps were closed for safety following floods, nation's largest oil marketing firm IOC has said.
