Investors are showing some interest in the downstream energy cycle. Refiners and marketers, especially the public sector (PSU) oil marketing companies (OMCs) could see a revival of marketing margins. Lower crude oil and gas prices may also improve margins in industries like paints, logistics, synthetic fabrics, plastics, and fertilisers. In the medium-term, however, there could be a supply overhang affecting OMCs as new refining capacities are scheduled to be commissioned, especially in China, and this may lead to a drop in the refining margins as capacity would be surplus to demand until and unless there's a pick-up in global growth.
The Central Industrial Security Force has recovered over 1,900 detonators from Kolar district ahead of the Karnataka elections to be held on May 5.
It's a mixed reality headset -- a combination of AR (Augmented Reality) and VR (Virtual Reality).
A range-bound trend with a mixed bias prevailed through out the trading session today. \n
There's a straightforward relationship between economic activity and power consumption. If economic activity increases, so does power consumption. Since the latest GDP (gross domestic product) data indicates India's growth rates exceeded expectations in the second half if the 2022-23 financial year (H2FY23) and GDP estimates of FY24 are strong, we would expect power consumption to rise as indeed it has. There is also a direct relationship between power consumption and National Thermal Power Corporation or NTPC's results since the public sector undertaking (PSU) is the largest power generator in India.
Anil Ambani's Reliance Communication on Sunday launched GSM services in Mumbai and offered free talk-time worth Rs 900 spread over three months. "New subscribers would get Rs 10 talk-time every day for the first 90 days and we have offered tariffs of Re 1 a minute for local calls. STD would cost Rs 1.50 per minute on any network," Dinesh Gulati, the head of Western region, said. After consuming Rs 10 during the day, the subscribers can use top up cards.
The latest version of Apple's iPhone 4S is now open for pre-bookings in India, at a price which is more than that in other countries.
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
'I decided to send a bat and a ball which was smaller in size so that it shouldn't get stuck in the pipe. And with that, they had a little good time.'
India is an important market for handset makers.
Edtech major Byju's will launch the Initial Public Offering (IPO) of its test preparatory arm Aakash Education Services Limited by middle of next year, the company said on Monday. Aakash Education Services Limited (AESL) revenue is on track to reach Rs 4,000 crore with an EBITDA (operational profit) of Rs 900 crore in the fiscal year 2023-24, the company said in a statement. "Byju's... will launch the Initial Public Offering (IPO) of its subsidiary, Aakash Education Services Limited (AESL) mid next year," Byju's said in a statement.
US private equity firm Blackstone Group LP and Indian developer Panchshil Realty are close to buying a majority stake in an office tower in Mumbai for about Rs 900 crore (Rs 9 billion), two sources with direct knowledge of the matter said.
"PM Modi spoke to (Russian president Vladimir) Putin and (Ukraine president Volodymyr) Zelensky. He also spoke to (US president Joe) Biden when needed. The war stopped briefly so that more than 22,000 students stuck in Ukraine could be rescued and they returned home. Parents of these students were demanding that PM Modi rescue them."
HDIL has sold its commercial property in Andheri for Rs 900 crore to Mack Star Marketing.
In its drive to expand telecom services both in mobile and fixed line segments, Sunil Mittal-led Bharti Airtel on Tuesday awarded a $900 million contract to Nokia Siemens to deploy equipments in various circles in which it operates.
The cyclone will make a landfall at around 9:00 pm to 10:00 pm on Thursday
Following the announcement of the South Zone squad for the upcoming Duleep Trophy, a disappointed Dinesh Karthik questioned the selection committee.
In a press statement, the foreign ministry here said 10 Nepali nationals lost their lives in the recent attack by Hamas in Israel.
The Indian Navy's P8I maritime patrol aircraft on Thursday located a Chinese fishing vessel that capsized three days ago in the Indian Ocean, officials said.
Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha.
All public schools in the Los Angeles area have been closed due to an unspecified "electronic" threat, affecting over 660,000 students in one of the largest School District in the United States, officials said on Tuesday.
Gufran, a resident of neighbouring Pratapgarh district, was injured in an exchange of fire with the Uttar Pradesh Police's Special Task Force near Samda village in the Kaushambi district, Superintendent of Police Brijesh Kumar Srivastava said.
The government announced several incentives in the five-year Foreign Trade Policy.
Gandhi said the Chouhan government had not even spared gods, referring to winds on May 28 damaging six idols in the Ujjain's Mahakal Lok corridor, the first phase of which was inaugurated by Prime Minister Narendra Modi in October last year.
Salman Khan's last big release -- Dabangg 3 -- released in December 2019, and scored Rs 146.11 crore. This is why his newest release Kisi Ka Bhai Kisi Ka Jaan has such huge expectations.
Around 52.46 per cent of the patients have recovered, the health ministry said. The number of active cases stood at 1,53,178 while 1,80,012 patients have recovered, it said in the daily COVID-19 update.
7 rounds have been completed with bidding in all 4 bands
The transmission of dengue is closely associated with three key factors -- rainfall, humidity and temperature -- that dictate the geographies in which it spreads and the transmission rate of the viral infection caused by the dengue virus (DENV), and transmitted to humans through the bite of infected mosquitoes.
With debt woes and a legal case in the US courts, educational technology (edtech) giant Byju's is expected to be laying off more employees, according to media reports. According to The Morning Context report, Byju's intends to lay off 1,000 employees. This number, however, could not be confirmed by Business Standard independently. A spokesperson for the company declined to comment on the reports.
Last ditch efforts were on to evacuate about 900 people from Badrinath amid overcast conditions at some places in Uttarakhand on Monday where authorities were grappling with the task of extricating bodies from under tonnes of debris lying in Kedarghati and their cremation.
A row of buildings in Kullu district collapsed Thursday and hundreds of travellers were stranded in relief camps after landslides blocked the road to Mandi in rain-battered Himachal Pradesh.
Samsung Galaxy i899 will offer an enhanced experience of seamless speed data on the move, offering speeds of up to 3.1 Mbps to Reliance Mobile customers.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
ONGC was the top gainer in the Sensex pack, surging around 7 per cent, followed by IndusInd Bank, Infosys, Tech Mahindra, Reliance Industries, HCL Tech and TCS. On the other hand, HDFC, ICICI Bank, Axis Bank, SBI and M&M were among the laggards.
Odisha train crash is one of the deadliest such accidents since independence.
'The risk is in not being invested and missing out on an upmove.'
The Indian embassy has received requests from Indian tourists stranded in the country to facilitate their exit. Most of the tourists are travelling in groups.
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