Latest Updates Around The World
Indian Oil Corporation (IOC) reported a sharp recovery in profits for the December quarter, with profit after tax more than quadrupling year-on-year, helped by stronger refining margins and better operating performance. The state-owned oil marketing company posted a profit after tax of Rs 12,126 crore in Q3-26, compared to Rs 2,874 crore in the same […]
Oil prices have returned to the center of market attention after the United States captured Venezuelan President Nicolas Maduro over the weekend, a development that has already shifted sentiment in global crude markets and is likely to shape how Indian stocks, the rupee and energy stocks trade when markets open on Monday.The U.S. move has […]
The Nifty could head towards 30,000 by 2026 as a turbulent 2025 paves the way for the next phase of the bull market, ICICI Direct said in its Technical Yearly Outlook 2026 report. The brokerage argued that the index is now positioned for a structural rebound, driven by a ‘Cup & Handle’ breakout, a recovery […]
NEW DELHI: State oil marketing companies on Monday reduced the price of commercial LPG cylinders by Rs 10 per unit, providing relief to the hospitality sector.However, airlines will face renewed cost pressures as Aviation Turbine Fuel (ATF) prices increase for the third month in a row.With the latest revision, the price of a 19 kg […]
Adani Total Gas Ltd, the city gas joint venture between Adani Group and France’s TotalEnergies, on Tuesday reported a 9 percent decline in net profit for the September quarter due to a rise in input gas prices. Net profit stood at Rs 162 crore in July-September – the second quarter of fiscal 2025-26 – compared […]
Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite new US sanctions, as the measures target specific Russian suppliers and not the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier Rosneft, which handles nearly 45 percent of […]
