Iran has offered discounts on crude oil price and free shipping if India agrees to buy more of its oil.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd.
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State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Cover inadequate for even one refinery.
The progress of the GST Bill in Parliament is also likely to remain in focus
The net sales growth declines 4.4% in September quarter, the second worst in eight years.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Buy these stocks on any correction as both the companies have strong long-term prospects
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Govt plans to stop RIL from selling crude to Jamnagar refinery.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
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