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Reliance Industries hits 52-week low, stock down 12% in one month
RIL was quoting lower for the ninth straight day, falling 7 per cent during the period after the company expressed caution over FY27 earnings prospects.
DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum
Engineering firm DDEL secured a significant Rs 386.83 crore contract from Bharat Petroleum Corporation Ltd. This order is set to be executed until February 2028, providing long-term revenue visibility. DDEL's order book now exceeds Rs 2,400 crore, positioning the company for sustained growth. The company is expanding its participation in high-value opportunities both domestically and internationally.
Centre has coal reserves for 80 days of power generation: Union Minister Kishan Reddy
India possesses enough coal reserves to power the nation for 80 days. Union Minister G Kishan Reddy stated this achievement of the NDA government. Exploration has commenced in Argentina for critical minerals. The government is also encouraging private sector involvement in importing processed critical minerals. Annual coal production has reached a record 1,040 million tonnes.
India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri
India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned to manage potential disruptions.
Reliance Industries share price tanks for 9th day in a row, erodes ₹129,000 crore in market cap - Mint
Reliance Industries share price tanks for 9th day in a row, erodes ₹129,000 crore in market capMint
OMCs losing nearly ₹700 per domestic LPG cylinder despite price hike: Govt
Cooking gas prices have risen again. Oil companies are still losing about ₹700 on each domestic LPG cylinder. International prices are up due to the West Asia conflict. This has increased supply costs significantly. Consumers pay less than global rates. Pradhan Mantri Ujjwala Yojana beneficiaries receive a subsidy on fewer refills annually.
Goldman Sachs sees FY27 as best year for FMCG growth since FY23, bets on consumer staples
Arnab Mitra, India Consumer Analyst at Goldman Sachs, said consumer staples are likely to outperform small-ticket discretionary categories as inflation pressures household budgets. The brokerage also expects larger FMCG companies to gain market share and benefit from operating leverage despite concerns over crude oil prices and monsoon conditions.
100 days of Iran war, Rs 4,50,000 crore wiped out: Is your stock portfolio safe from missiles?
Indian equities have lost Rs 4.5 lakh crore in 100 days as the Iran-led West Asia conflict and a global AI trade unwind trigger sharp FII outflows. Banking, oil and IT stocks led declines, while pharma outperformed. Analysts warn of earnings downgrades, though valuations are turning attractive in select segments.
Adani Ports wins 10-year marine services contract for Argentina's first LNG export project
Adani Ports and Special Economic Zone (APSEZ) said that it has secured a 10-year marine services contract for Argentina's first liquefied natural gas (LNG) export project.
NIFTY50, SENSEX: Asian market cues, FII selloff, oil prices, other key things to know before market opens on June 9 - Upstox
NIFTY50, SENSEX: Asian market cues, FII selloff, oil prices, other key things to know before market opens on June 9Upstox
Oil prices may pressure India's growth, but JPMorgan prefers large private banks
While uncertainty around oil prices, geopolitics and growth remains, JPMorgan's Sanjay Mookim believes that an eventual improvement in India's macro environment would create favourable conditions for the banking sector and support a broader recovery in market sentiment.
Airline stocks decline as crude oil prices surge
Shares of airline companies came under pressure as crude oil prices climbed sharply amid escalating geopolitical tensions in the Middle East.