Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
Benchmark stock indices Sensex and Nifty jumped over 1 per cent on Wednesday amid foreign funds turning net buyers of domestic equities after a long gap and positive opening in European stock markets. The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31.
Shah asserted that the BJP will once again form the government in Uttar Pradesh with a comfortable majority.
An exclusive excerpt from Samar Halarnkar's The Married Man's Guide to Creative Cooking And Other Dubious Adventures.
Eyewitness Shekhar Iyer, a distinguished journalist, takes us through the eventful day at Patna's Gandhi Maidan.
Congress Secretary Pankaj Sharma and Hindustan Times' political editor Pankaj Vohra are among 15 members of the new Central Board of Film Certification for three years.
Observing that the country was yet to mature to multi-party governance, Jammu and Kashmir Chief Minister Omar Abdullah Saturday said it is impossible to eradicate corruption in a coalition government as "trade-offs" become necessary in such a dispensation.
Equally admired and loathed, both Indira Gandhi and Margaret Thatcher have been so often memorialised in biography, novels and film that it's difficult to separate fact from fiction, says Sunil Sethi
Here are list of some of the big ticket announcements.
The naval version of Tejas light combat aircraft is in development stage. Officials said the successful "arrested landing" of the prototype of the naval version of Tejas on the deck of INS Vikramaditya is expected to speed up development of the jet for the Indian Navy.
Gandhi claimed that authoritarian tendencies are becoming clearer, with the erosion of fundamental rights being accompanied by a narrow imposition of conformity and obedience from dutiful citizens. voters polarised for electoral gains
Unprecedented rains and floods in the northern region in the past few days have not only caused extensive damage to lives and property but have also impacted business and commercial establishments. Vegetable prices have gone through the roof in the national capital and many other parts of the country since rains started pouring earlier this month. Traders say vegetable prices would come down only after roads open and skies clear, even as water in the fields will take time to recede.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
'He felt that he had no place in the BJP and he was wrong.'
Renowned Indian sports journalist and commentator Dicky Rutnagur passed away in London on Friday, aged 82, after a prolonged illness. He is survived by his son Richard Sohrab Rutnagur.
Kareena Kapoor gets a staggering Rs 3-4 crore per film!
The most curious and 'in' red carpet trends from Cannes.
Varsha Bhosle salutes that effervescent icon of Indian cinema, Dev Anand.
Before Data Patterns developed an indigenous check-out equipment, Brahmos Aerospace was paying a Russian supplier three times what it will now pay the Indian company.
Union Human Resource Development Minister of State Jitin Prasada, who shared the stage with UP Chief Minister Akhikesh Yadav said in one voice that they would shun any kind of politics on the issue, which they declared was close to their hearts.
A Madhya Pradesh farmer has claimed that he lost his crop because of Prime Minister Narendra Modi's proposed rally in the state on February 18.
A G20 dinner invitation from President Droupadi Murmu describing her position as 'President of Bharat' triggered massive debate on Tuesday, with the opposition alleging that the government is planning to drop India and stay with just Bharat as the country's name.
Against the backdrop of the controversy over Vodafone tax issue, Prime Minister Manmohan Singh on Thursday sent out clear signals to foreign investors saying there will be 'no arbitrariness' in tax matters.
Shekhar Iyer, a familiar face on television's news analysis programmes and senior associate editor at the Hindustan Times in New Delhi, threw light on the politics behind the presidential polls as he answered questions from Rediff readers on Wednesday. Here's the transcript of the chat:
The two-day State Visit to Egypt at the invitation of President Abdel Fattah El-Sisi is also the first bilateral visit by an Indian prime minister since 1997.
The Maharashtra State Board of Secondary and Higher Secondary Education will announce the results of the class 10 Senior Secondary Certificate examination on June 13 at 1 pm.
A senior journalist of Hindi daily Hindustan was shot dead in Bihar's Siwan district on Friday nigth by unidentified gunmen, police said.
Who are the 5 best actors in Bollywood today?
On a day when a full-page email interview with the prime minister appeared in the Hindustan Times, the National Advisory Council, chaired by Sonia Gandhi, on Friday slammed the United Progressive Alliance government for not implementing a score of its recommendations, including food security to all, made in the past two years.
PM Manmohan Singh's speech at Hindustan Times Leadership Summit
Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25.
There was no word on the much-anticipated procurement of 26 naval variants of Rafale fighter jets by India from France.
Aamir Khan charges a mindnumbing Rs 40 crores per film!
HAL helicopters will be equipped with an 'Obstacle Avoidance System' that warns pilots of any obstacles in their flight path.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Prime Minister Narendra Modi on Thursday slammed the opposition alliance INDIA as a collection of arrogant dynasties who will take India back by two centuries as he exuded confidence that people will bless the "garib ka beta" with a record-breaking mandate in the 2024 Lok Sabha polls.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
'I can't wait for the day when the market value of an actress is not judged by the heroes or the superstars she's acted with.'
Tailang was under treatment for brain cancer since 2014 and breathed his last at his East Delhi residence in Mayur Vihar.
India's economic growth rate slipped to 6.9 per cent in the second quarter this fiscal, the lowest in nine quarters.
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