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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.
Stocks to watch: Lenskart, BPCL, Hindalco among 10 shares in focus today; check list here
Stock market today: The Indian stock market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Amid this backdrop, these stocks will remain in focus on 20 May.
Q4 Results LIVE Updates: BPCL, Orkla react to earnings; Lenskart, Grasim, Apollo Hospitals report
Q4 Results LIVE Updates: Lenskart, Grasim, Apollo Hospitals, Samvardhana Motherson, Metro Brands, Jubilant Foodworks, JK Lakshmi Cement, are among the companies reporting their earnings today, while earnings reactions come from names like BEL, BPCL, Orkla India, PI Industries, Dredging Corp, Zee Entertainment and others. Watch this space for all the LIVE earnings updates today.
Stocks in news: Lenskart, Apollo Hospitals, ZEE, BPCL, Hindalco
Indian markets navigated a sideways trend, with analysts urging caution until the 24,000 mark is reclaimed. Key stocks like Lenskart, Apollo Hospitals, ZEE, BPCL, and Hindalco are in focus due to Q4 results and news. BEL reported a profit rise, while ZEE saw a net loss. Maruti Suzuki expanded production capacity.
Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?
Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical disruptions.
Q4 Results LIVE Updates: IOC, Astral, Afcons react to earnings; BPCL, BEL report today
Q4 Results LIVE Updates: BPCL, Zydus Life, BEL, BLS International, Dhanuka Agri, Dredging Corp, Eureka Forbes, Hatsun Agro, Healthcare Global, J Kumar Infra, PI Industries, PNC Infratech, Prince Pipes, Safari Industries, RITES, Trident, Zee Entertainment, Shaily Engineering are among the other important numbers to track today along with result reactions from IOC, IGL, Afcons, Astral and many others. Stay tuned for all the live result reactions right here.
Q4 Results This Week: IOC, BPCL, ITC, Lenskart among 150 others report earnings as season winds down
As many as 150 companies, including Ola Electric, Indian Oil Corporation, Lenskart, LG Electronics India, Nykaa, along with Nifty 50 names such as Hindalco, ITC, BEL, among others will be reporting their fourth quarter results this week as the earnings season enters its final stages for this period. Here's a look at the complete list:
Q4 Results Next Week: BEL, ITC, BPCL, LIC, Ola Electric, Bikaji Foods, Lenskart, Honasa Consumer And More
Many firms will host earnings calls.
Why have HPCL, BPCL, IOC dipped despite fuel price hike? Analyst explains
Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices
HPCL, BPCL to IOCL: OMC stocks decline up to 2.6% even after petrol, diesel prices raised by ₹3/litre; here's why
Shares of state-run oil marketing companies fell despite a petrol and diesel price hike, as investor sentiment remained weak due to lower-than-expected increases and rising global crude prices. Petrol in Delhi is now ₹97.77 per litre, while diesel is ₹90.67 per litre.
HPCL, BPCL, IOC shares fall up to 3% amid petrol, diesel prices hiked by Rs 3/litre
Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies absorbing losses.