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BPCL, Asian Paints, IndiGo, Ixigo: Crude-Linked Stocks Fall Across Sectors As Oil Surges On US-Iran Strikes
The rise in crude oil prices weighed on stocks across sectors that typically face higher energy and raw material costs when oil becomes more expensive.
BPCL raises stake in Brazil's IBV to 100% with ₹2,312 crore deal
BPCL has acquired the remaining 39.14% stake in Brazil's IBV for ₹2,312 crore, taking full ownership of the oil and gas company as it looks to strengthen India's energy security.
Bharat Petroleum Corporation Ltd spurts 2.01%, up for third straight session
Bharat Petroleum Corporation Ltd is quoting at Rs 310.3, up 2.01% on the day as on 12:49 IST on the NSE. The stock is down 6.4% in last one year as compared to a 5.02% fall in NIFTY and a 9.03% fall in the Nifty Energy index.
BPCL agrees to buy Videocon Energy’s stake in BPRL Ventures JV
State-owned Bharat Petroleum Corporation Ltd (BPCL) is set to gain full control of its Brazil-based oil and gas joint venture. Through its subsidiary BPRL Ventures BV, BPCL has signed agreements to acquire the remaining stake in IBV Brazil Petroleo Limitada. This move, approved by the National Company Law Tribunal as part of insolvency proceedings, aims to bolster India's energy security by expanding its overseas upstream assets.
Stocks to Watch today: RailTel, NTPC Green, Advit Jewels, Waterways Leisure
Stocks to Watch today, July 1, 2026: Hexaware Technologies, Godrej Properties, Newgen Software, BPCL, Tata Communications, and Max Healthcare are among the top stocks to remain in focus
Nayara Energy cuts petrol price by Rs 5, diesel by Rs 3 amid softening oil prices
Nayara Energy has slashed petrol prices by Rs 5 and diesel by Rs 3 per litre nationwide, marking the first reduction in over two years. This move follows easing West Asian tensions and stabilizing global oil prices. While Nayara reverses its March price hike, state-owned retailers like IOC, BPCL, and HPCL have kept their prices unchanged. This development signals potential relief for consumers as international markets stabilize.
OMCs eye expanding LPG buffer to 30 days from national average of 18
India is boosting its LPG reserves to a 30-day supply, a strategic move prompted by the Iran war highlighting supply route vulnerabilities. Bharat Petroleum plans a significant investment to nearly double its storage capacity. This initiative aims to enhance energy security by diversifying import sources and exploring various storage solutions, including onshore, underground, and floating options.
Stocks To Watch Today: Reliance Industries, Bharat Forge, Chennai Petroleum Corp., Lloyds Enterprises & More
Here's a look at stocks that are likely to be in focus during the trading session on Monday.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
India can’t escape global oil shock; fuel prices hurting economy, says former BPCL exec
India's economy is significantly impacted by the global oil shock, with crude prices surging by nearly 60%. Former BPCL Marketing Director Sukhmal Kumar Jain highlighted rising import costs and rupee depreciation as major concerns. He emphasized that the nation's heavy reliance on imports for oil and other key commodities exacerbates these economic pressures.
Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR
Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.
West Asia conflict fails to slow oil PSUs' capex push
Indian oil companies are pushing ahead with major expansion and clean energy projects. Indian Oil Corporation plans significant investments in refining and renewable energy. Bharat Petroleum Corporation Limited is also allocating substantial funds for refining and marketing. Hindustan Petroleum Corporation Limited's capital expenditure is expected to be slightly lower. These companies are focused on growth and energy transition.