Market News
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Vedanta, TCS among 5 stocks with the highest dividend yield. Check details
Investors seeking high returns are eyeing stocks with impressive dividend yields. Vedanta leads the pack with a remarkable 12% yield, followed by Gujarat Pipavav Port at 6.7% and ONGC at 5.5%.
India's power sector enters "value chain" reset led by transmission, storage and demand growth: Report
India's power sector is undergoing a overhaul, with transmission infrastructure and energy storage identified as key drivers for the next decade. Projections show installed capacity soaring to 900GW by FY32, supported by continued coal use and a surge in renewables. This expansion hinges on deploying increased energy storage to manage grid stability and meet rising demand from industries and new sectors.
India’s Next Bull Run: Rupee Stability, Falling Crude Oil And Rising SIPs Align - NiftyTrader
India’s Next Bull Run: Rupee Stability, Falling Crude Oil And Rising SIPs AlignNiftyTrader
India eyes oil exploration expansion after Middle East war shortages
In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising energy demands and global volatility, with significant funding earmarked for offshore drilling activities.
OPEC+ tipped to raise quotas again as Middle East calms
Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.
Tankers U-Turn In Hormuz, With Some Taking Iran Route Instead
The ships, including oil tankers, bulk carriers and vehicle carriers, were observed sailing toward the Strait of Hormuz.
Iraq approves preliminary agreements to study strategic oil export pipeline projects
Iraq's cabinet has greenlit preliminary deals for strategic oil export pipeline studies. A consortium featuring US firms Capital TI and Chevron, alongside Qatar's UCC, will explore routes like Basra-Haditha-Kirkuk-Ceyhan. These initial agreements carry no financial commitment for the Iraqi oil ministry. Additionally, Basra Oil Company is authorized to engage KBR for consultancy on a Basra-Haditha pipeline project.
Is Greaves Cotton's diversification strategy starting to pay off?
The engineering company says businesses spanning energy, industrial solutions and exports are reducing its reliance on diesel three-wheeler engines, while acquisitions remain on the agenda.
India lifts emergency natural gas supply controls imposed after LNG disruptions
Emergency natural gas supply controls, implemented earlier this year due to Middle East conflict-induced LNG shipment disruptions, have been lifted by the Centre. The government had previously mandated these controls after the Strait of Hormuz disruptions led suppliers to invoke force majeure, necessitating the redirection of gas to essential sectors. This withdrawal signals a stabilization in supply chains.
E20 scientifically tested, safe for older vehicles: Industry experts
Industry experts have reassured the public about the safety and efficacy of E20 ethanol-blended petrol. They emphasized that the fuel has undergone rigorous scientific testing and meets high quality standards, making it safe even for older vehicles. This initiative, a result of years of evaluation and consultation, significantly reduces India's reliance on imported crude oil and contributes to lower carbon emissions, offering performance benefits without compromising vehicle longevity.
Indian Stock Market Outlook Next Week: Can Sensex, Nifty Hit Fresh Highs? Q1 Earnings, FII, Crude Oil in Focus - Goodreturns
Indian Stock Market Outlook Next Week: Can Sensex, Nifty Hit Fresh Highs? Q1 Earnings, FII, Crude Oil in FocusGoodreturns
Coal India inks JV with UPRVUNL to develop renewable energy projects in Uttar Pradesh
The joint venture company will be incorporated as a private limited company with an initial paid-up capital of ₹10 lakh and an authorised share capital of ₹10 crore. Its registered office will be located in Lucknow, Uttar Pradesh.