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ONGC Q4 Results: Cons PAT jumps 46% YoY to Rs 10,820 crore, revenue up 4%
Oil & Natural Gas Corporation (ONGC) reported a significant 46% surge in consolidated net profit to Rs 10,820 crore for the March-ended quarter. This growth was driven by a 4% increase in revenue from operations, reaching Rs 1,73,805 crore. The company also recommended a final dividend and approved a joint venture for a liquid port in Dahej, Gujarat.
Truck operators reel as diesel crunch pushes freight rates higher
Nearly 20% of India's trucks are off the roads. Diesel shortages and price hikes are crippling the transport sector. Small operators are hit hardest. Freight rates are increasing, threatening to raise prices for food and other goods. Oil companies state shortages are localized. Demand is expected to ease with the monsoon.
OMCs hike fuel prices, this time by ₹2.7 a litre
State-run oil marketing companies have increased petrol and diesel prices by about ₹2.7 per litre, marking the fourth hike in 11 days and pushing the total rise to around ₹7.5–8 per litre.
Government assures 78 days of oil amid MPs' concerns
Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global challenges.
Sensex jumps 850 points, Nifty nears 24,000 on US-Iran peace deal hopes. 5 key factors
Indian stock markets surged on Monday, with Sensex and Nifty rallying around 1% each. Rising hopes for the US-Iran peace deal and falling oil prices fueled this optimism. The broad-based gains added nearly Rs 5 lakh crore to the total market capitalisation, with Nifty Auto leading sectoral advances.
FIIs sell over Rs 30K crore worth of Indian equities in May as outflows swell to Rs 2.22 lakh crore. What lies ahead?
FIIs have consistently sold Indian equities in 2026, totaling Rs 2.22 lakh crore due to global uncertainty, geopolitical tensions, elevated crude oil prices, and a weaker Rupee. While DIIs are currently supporting the market, future institutional flows will remain sensitive to US–Iran negotiations and oil price volatility.
ET Alpha Wealth Summit: What AI, oil and geopolitics mean for the next market turn
Amid rising geopolitical uncertainty, AI disruption, and shifting global markets, the ET Alpha Wealth Summit on June 4 will bring top investors, policymakers, and CEOs together to decode risks and opportunities. From market cycles to global allocation strategies, the summit offers a roadmap for smarter, future-ready investing.
Iran war rapidly wiping out the world’s oil stockpile cushion
Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.
Sensex, Nifty 50 | Stock Market LIVE: Sensex off highs, up 350 points; Nifty near 23,800; IndiGo jumps as oil dips
Sensex, Nifty 50 | Stock Market LIVE: The Indian stock market opened on a gap-up note amid hopes of a US-Iran peace deal, which pushed oil prices lower by 5%.
India prepares to send oil tankers through Hormuz for new supply
India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval from the Indian Navy and cargo orders from refiners.
India prepares to send oil tankers through Strait of Hormuz for new supply
India plans to resume shipping energy cargoes through the Strait of Hormuz, with Shipping Corp. of India ready, as Navy escorts increase amid Iran conflict and energy price strain
Airlines plead with state-run oil majors to postpone jet fuel hikes
Indian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financial pressures and mounting losses for carriers like Air India, IndiGo, and SpiceJet. Discussions are ongoing, with the oil ministry involved. A decision is expected soon. Refiners are currently selling jet fuel at a loss.