The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
Do not skip meals. Avoid white bread, pastries during the lockdown.
Government allows duty-free import of 500,000 tonnes raw sugar till June 12. At present, India levies an import duty of 40% on sugar
A closer look at the data reveals that a lot of the items are not part of this calculation. The notable ones include buffalo meat, marine exports, raw cotton, and plantation crops such as tea, coffee, rubber, etc.
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest.
Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery.
Government's fuel subsidy estimate was based on crude oil at $70.
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
Banks can also allow the depositors to deposit their gold directly with the refiners.
The study noted that nine of 30 large states -- Madhya Pradesh, Bihar and Telangana, Jharkhand, Uttar Pradesh, Maharashtra, West Bengal, Odisha, and Gujarat -- have high vulnerability to be impacted by the COVID-19 pandemic.
The Gujarat High Court had last week directed ONGC to pay royalty on crude oil on the gross price it bills to refiners.
The government has to take a call on reducing or retaining the excise rate.
Taking a sceptical view of MUDRA program, Shiv Sena sought to know when the distressed farmers get help and how does the government plan to curb their suicides.
Calculate his monthly expenses, health care spending, how much funds will he need once he retires, and whether his current savings and investments will enable him to manage his lifestyle through retirement, suggests Ashok Kumar E R, CEO and co-founder, Scripbox.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
It is time he stood up and assured the middle class that they can count on him as one of their own, says Dr Sudhir Bisht.
It calculated that the government should have got an additional profit share of $ 115.263 million.
Making sense of the international crude market is incredibly hard.
Instead of taking a normal photograph, a user simply moves the phone around the object of interest and after a few motions, a 3D model appears on the screen.
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
After steep correction in valuations, these have turned attractive but upside will depend on diesel price rises and export-parity pricing.
OPEC hopes lower fuel prices will stimulate more demand in the long run
'If you don't have a strong political leadership, however much expertise a country may have, in pandemic preparedness or infectious disease, will not matter.' 'It's really about having strong political leadership, that is proactive, that prioritises taking the right action.' 'And if you don't have that, then you will have a much worse pandemic experience.'
The committee said the move 'clearly undervalued the company and its long-term growth prospects'.
Oil accounts for about a third of India's total imports and higher dollar prices combined with a rupee near all-time lows have increased its cost.
Stocks below a certain size in terms of market capitalisation don't attract much institutional interest
Proper planning is absolutely essential when you are thinking of redoing your home, says Rajiv Raj
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Chirag Mehta, senior fund manager -- alternative investments at Quantum AMC, shares his views.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
'Love Sonia is a motion picture with the ambitions of a novel.' 'When I walked out of Love Sonia this Monday night, I walked out with a hushed audience that seemed too overcome by the raw power of the film to even pause for applause,' notes Sreehari Nair.
The J-20 fighter is called Beijing's answer to the US F-22 stealth fighter and the F-35 that will be soon deployed in the Pacific by the United States and Japan.
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
The new IIP numbers should spread cheer among those who were part of the Manmohan Singh-led United Progressive Alliance, earlier accused of having presided over a steady deterioration in industrial performance, particularly in the last two years of its tenure, says A K Bhattacharya.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
Dil Dhadakne Do unravels like an entire season of soap opera condensed into a nearly three-hour movie, writes Sukanya Verma.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
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