Reliance plans to shut Jamnagar crude unit in May for maintenance
Reliance Industries said in statement that it is planning to shut a crude unit from May 1 for three weeks for maintenance. The company said...
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Government has hiked import duty on edible oil by 5%
The government has hiked the import duty on edible oil by 5 percent. The Central Board of Excise and Customs said in a notification that...
Brent oil prices falls nearly 4% on tentative Iran nuclear deal
After a preliminary pact between Iran and global powers on Tehran’s nuclear programme, the prices of Brent oil fell nearly 4%. The officials set the...
LNG Imports in India Surged 10.5% During October
India’s natural gas demand increased by 4.2% year-on-year in October, reaching 6,005 million metric standard cubic meters (MMSCM), driven by higher consumption in the power...
Deflation in China Can Result in Unexpected Gains for IndiaÂ
China is facing one of the longest deflation streaks since 1993, affecting everything around, including oil prices. According to one of the world’s biggest oil...
Nifty 50, Sensex Hit Record Close Before US Rate Decision
Benchmark indices Nifty 50 and Sensex remained steady throughout Tuesday, closing at record highs as traders awaited the US Federal Reserve’s key rate decision, set...
Nifty 50, Sensex End Lower but Post 2% Weekly Gains
Nifty 50 and Sensex closed slightly lower on 13th September, but both gained 2% for the week, driven by expectations of increased foreign inflows due...
HPCL, BPCL Shares Fall on Possible Fuel Price Cut
Shares of major OMCs such as Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. (IOC) fell by over...
India had Trade Surplus with 151 Nations and Deficit with 75 Nations: GTRI
As reported by the think tank Global Trade Research Initiative (GTRI), India achieved a trade surplus with 151 countries like the US and Netherlands while...
Nifty Nears Record High; Sensex Rallies on Positive Global Cues
The Nifty 50 ended just below its record high on Monday, while the Sensex rallied, driven by positive global cues and strong key sector performance....