Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday after crude oil prices plunged to six-month lows in the international markets, which boosted investor sentiments. Traders said the OMC stocks gained with crude oil prices hovering below $70 per barrel after OPEC-plus decision to increase output from April, a move which is expected to favour Indian refiners with added marketing margins on retail fuel.
A resurgence in Saudi Arabian supplies of crude oil to India coupled with an attack on an Iraqi tanker in August carrying crude to Europe may result in improved bargaining power for India with West Asian and Russian suppliers for winter supplies. Shipments of Saudi oil rebounded in September from August, surging to the highest since March while Russian oil shipments rose marginally as Saudi Arabia tried to claw back market share in Asia, according to industry sources and ship tracking data.
'Geopolitical stability could remove the crude oil risk premium.'
Following the disruption in the supply of rare earth or permanent magnets after China's notification on April 4, the mines ministry is planning to introduce a Rs 1,500 crore incentive scheme to recycle critical minerals, according to a top official.
Prof Anantha Chandrakasan has been named Massachusetts Institute of Technology's new provost, the first Indian-American to serve in this leadership role.
Dilip Doshi, who passed away on June 23, was celebrated not only as one of India's finest left-arm spinners but also as a cricketer of rare character and amazing qualities, recalls veteran cricket correspondent K R Nayar.
This might help explain why our global outreach has received such a tepid response. We have chosen to be transactional with the world, as our UN votes reveal, points out Aakar Patel.
The Quad grouping has called for bringing the perpetrators, organisers and financiers of the Pahalgam terror attack to justice without any delay and urged UN member nations to extend cooperation for it.
Indian Navy's carrier battle group, submarines and aviation assets were immediately deployed at sea with full combat readiness in the aftermath of the Pahalgam terror attack, a top Navy official said on Sunday.
State-owned Life Insurance Corporation (LIC) on Thursday entirely subscribed to the Rs 5,000 crore bond issue of Adani Ports and Special Economic Zone (APSEZ) at a coupon rate of 7.75 per cent, said sources privy to the development.
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
Dharma Guardian 2025 will primarily focus on urban warfare tactics and counter-terrorism operations and underscores the growing strategic partnership between India and Japan.
There is nothing, when it comes to clothes, that Sonam cannot wear well. Nor are there fashion rules that she won't break if need be.
Currently in its advanced development phase, the team is focusing on refining the robot's ability to understand and execute operator commands.
The Central Board of Secondary Education (CBSE) has directed schools to set up dedicated 'Sugar Boards' to raise awareness about sugar consumption and combat childhood obesity. Experts hail the initiative as a significant step towards promoting healthier dietary habits among students and families. The boards will display information on the sugar content in common snacks, drinks, and meals, helping children make informed choices. This move comes as data reveals alarmingly high sugar intake among Indian children, exceeding the World Health Organization's recommended limits.
'...hesitate to support the risk-taking it requires.'
However, copious oil supplies amid growing global output and slowing Chinese oil consumption will put India in a better bargaining position with Gulf suppliers.
ISRO has projected wheat production of 122.24 million tonnes.
From Joe Root vs Jasprit Bumrah's high-stakes chess match to the all-round brilliance of Ben Stokes vs Ravindra Jadeja, and from emerging face-offs like Shubman Gill vs Shoaib Bashir to K L Rahul's test against Chris Woakes, each duel carries weight far beyond statistics.
India may have to lean more on West Asian nations for supplies of liquefied petroleum gas (LPG), a cooking fuel, in the coming years after Indian state-run refiners drew up big plans to diversify into producing more profitable petrochemicals. This shift leads to reduced LPG output, Indian refining executives said. The mantra for state-run oil companies, from Indian Oil Corporation (IndianOil) to liquefied natural gas (LNG) importer Petronet LNG, which are looking to diversify their businesses from lower-margin fuels, has been value-added petrochemicals.
The company feels valuations are low and the demand would later rise.
After a much-needed two-day respite, Team India returned to the training grounds with renewed vigour, setting their sights on a pivotal showdown against New Zealand on Sunday.
The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.
India's crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa. Russia however continues to remain India's top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world's third largest energy consumer imported in January.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
After HPCL, the government headhunter struggled to find a suitable candidate for the top job at Bharat Petroleum, as most applicants were narrow specialists lacking multidisciplinary experience needed to run a large organisation. The Public Enterprise Selection Board (PESB) last month interviewed a dozen candidates including BPCL director (finance) Vetsa Ramakrishna Gupta and its director (refineries) S Khanna but found none suitable for the job of chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), according to a PESB order.
'The time has come to have a relook at the Constitution as every document has a shelf life.'
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
'Pakistan cannot sustain a war with India for more than four days. They are in such dire straits. At best they can sustain war for one week.'
Oil marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel. The price drop came after a double blow: The US imposed tariffs on Canada and Mexico, including energy imports, and OPEC+ - the group of major oil-producing nations including Russia - announced an output increase of 138,000 barrels per day, the first such hike since 2022.
'Making sure that you're getting enough sleep, that your weight is maintained correctly and you exercise regularly.'
Indian imports of Russian oil plunged by a record in August month-on-month (M-o-M) as discounts on the fuel shrank in tandem with rising Brent oil prices. Higher crude prices will drive inflation or hurt earnings at oil companies and India's fiscal position if such spikes are not passed on to consumers. Indian purchases of Russian crude declined by around 24 per cent in August from July to the lowest level since January, with refiners expecting volumes to drop further amid rising rates of Russian benchmark Urals grade, substantial stocks at refiners, and planned maintenance at Indian refineries, according to ship tracking data and industry officials.
Raina also laid emphasis on how Kuldeep Yadav could be a lynchpin in India's success.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
India is preoccupied with analysing the US sanctions, which may cut off India's access to discounted Russian crude and force it to buy at market prices.
Career counsellor Nayagam PP suggests 20 powerful steps you can take while balancing your board exams and other engineering entrance tests.
The delegation led by Qasemi arrived on Sunday with the aim of persuading New Delhi to step up both oil imports and investment in the OPEC-member's oil and gas sector.
Delhi Capitals opener Shafali Verma has credited the Women's Premier League (WPL) for helping her learn how to build her innings.
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'
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