Lower crude oil costs and higher marketing margins are expected to raise the fortunes of oil marketing companies (OMCs) in the first quarter (Q1) of 2023-24 (FY24), while city gas distribution (CGD) companies could also benefit from lower spot prices of liquefied natural gas (LNG). However, in a break from the past, growth trends are expected to diverge for various segments within the broad energy sector. Analysts expect the earnings from gas production to go down for upstream national oil and gas companies such as Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) due to the introduction of the new domestic gas pricing regime on April 1. After showing steep losses over the first half of 2022-23 (FY23), the marketing margins of OMCs have steadily recovered in four months.
Travis Head's counter-attacking hundred and his unbroken 251-run stand with Steve Smith put Australia in charge on 327/3 on the opening day of the WTC final against India.
A United Nation's body on Thursday pegged down India's economic growth prospects to 5.1 per cent in 2003 from an earlier projection of 6.0 per cent, mainly due to the impact of Iraq war, Severe Acute Respiratory Syndrome.
The death toll stands at 5,30,726, the data updated at 8 am stated.
Images from UEFA Champions League matches played on Wednesday.
While RCB's broken third wicket stand turned the tide in Mumbai's favour, the hosts's third-wicket partnership took the game away from the visitors.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
'He was a sentimental man, but his commitment to the Olive Green always came before anything else, including his family.' A fascinating excerpt from Rachna Bisht Rawat's Bipin: The Man Behind The Uniform.
Indian skipper Rohit Sharma hailed Shubman Gill as the next big thing in Indian cricket.
The finance ministry seems to be gung ho about economic growth next financial year. It may peg this at nine per cent for 2011-12 in the Economic Survey, likely to be tabled in Parliament on February 25, even as the Reserve bank of India (RBI) hinted at a lower figure.
The stocks of Mumbai-based real estate companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high last month before witnessing a sharp correction.
A dominant Sri Lanka thrashed Oman by 10 wickets in the ICC Cricket World Cup 2023 Qualifier to climb to the top of Group B at the Queens Sports Club, in Bulawayo on Friday.
Spain began their Women's World Cup campaign in scintillating fashion by beating Costa Rica
The SBI report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.
Finance ministry may peg farm credit target for commercial banks, regional rural banks and cooperatives close to Rs 1,50,000 crore (Rs 1500 billion) this fiscal after the resounding success in 2004-05.\n\n
The tests have to be conducted within 72 hours of undertaking the journey to India, Mandaviya said.
Ahead of IPL 2023, former champions Sunrisers Hyderabad named South African all-rounder Aiden Markram as their new skipper.
This will be the lender's first result after its merger with HDFC Ltd, effective from July 1, and will keep analysts glued to the management's earnings growth guidance for the merged financial behemoth.
Rodrygo struck twice and Vinicius Jr dazzled as Real Madrid beat Osasuna 2-1 on Saturday to win their 20th Copa del Rey title and first since 2014.
India Ratings on Mondy projected a 7.7 per cent growth this fiscal driven by consumption demand.
The tally of Covid infections in the country has reached 4.46 crore (4,46,82,639), it showed.
Beer to be allowed in certain offices in Haryana; other states allow its sale in stores and malls.
Novak Djokovic claimed a record-breaking 23rd men's singles Grand Slam title when he beat Norway's Casper Ruud 7-6(1) 6-3 7-5 in the French Open final.
'In equities, it has diversified portfolios.' 'So the short-term movement of individual stocks does not impact them.'
The overall death toll stands at 5,30,723 with one death reconciled by Kerala, the data updated at 8 am stated.
Australia racked up 469 in their first innings and then reduced India to 151/5 to put themselves in the box seat in the World Test Championship final.
Global rating agency Fitch on Friday pegged India's growth at 5.5 per cent in the current fiscal and 6 per cent in 2015-16 and affirmed the country's rating outlook at stable level.
The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday. Startups which are registered with the Department for Promotion of Industry and Internal Trade do not come under the purview, Anurag Jain, the secretary in the department said while speaking at the IVCA Conclave. "Let me put one thing very clearly. It doesn't affect startups in the least," he said, addressing the audience at the event organized by the venture capital industry lobby grouping.
On food inflation, RBI said it is likely to soften from the high levels registered in December and the decline is expected to become more pronounced during the fourth quarter of this fiscal as onion prices ease following arrivals of late kharif and rabi harvests.
India saw a single-day rise of 171 fresh COVID-19 cases, while the active cases have increased to 2,342, according to the Union health ministry data updated on Wednesday.
Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal are budgeted at Rs 23.3 lakh crore and states would be allowed 3.5 per cent of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is estimated at Rs 11.8 lakh crore, Sitharaman said while presenting the Union Budget for 2023-24 in the Lok Sabha.
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect. The Survey said government interventions seem to be ineffective in stabilising prices of commodities such as onions.
In his first trip to the US in 1960, Atal Bihari Vajpayee befriended a young IFS officer posted in the permanent mission of India to the UN and explored New York with him, visiting museums, art galleries and even nightclubs, says a new biography of the former prime minister.
Mumbai, which adds 37 per cent to the total direct tax mop-up, has reported tax collection of Rs 4.93 trillion so far, against the full-year target of Rs 5.35 trillion.
Suresh Raina made a bold statement on whether MS Dhoni will play another Indian Premier League season after the 2023 IPL edition.
Rain played spoilsport as the afternoon IPL match between Lucknow Super Giants and Chennai Super Kings was washed out, with the two sides splitting points.
The active cases comprise 0.01 per cent of the total infections, while the national COVID-19 recovery rate increased to 98.80 per cent.
'Like all long-term bull markets, the Indian stock market will continue to climb the proverbial wall of worry.'
One of the major contributors for the decline in growth will be the monsoon deficiency, which also affects non- agricultural sectors through demand effects, RBI report said.
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