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India Inc braces for energy shock, MFs bet on manufacturing & Melody triggers stock market frenzy... - Moneycontrol.com
India Inc braces for energy shock, MFs bet on manufacturing & Melody triggers stock market frenzy...Moneycontrol.com
US Treasuries Rebound on Optimism for US-Iran Deal Progress
Treasuries surged on investor optimism that the US and Iran were working toward a deal that could ease a rise in global energy prices that has fanned fears around inflation.
Nayara, Shell cede market share in April; RIL-BP gains ground
Private fuel sellers Nayara Energy and Shell saw sales drop significantly in April. They increased prices after the Iran war began. Consumers shifted to state-run companies that kept prices steady. This caused market share losses for Nayara and Shell. RIL-BP however reported strong sales growth. Localized fuel shortages occurred as demand moved to neighboring stations.
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.
RPSG, Inox, Hexa bid for Enel's renewable energy projects in India
The three firms submitted their bids last week in the ₹3,000 crore enterprise value range for Enel's India business comprising renewable energy generation projects with a potential capacity of 2.5 gigawatts, the people said. The bids were preceded by a six-week period of due diligence during which the Indian suitors were given access to the assets of Enel Green Power India Pvt Ltd.
Crude Nightmare: Gita Gopinath Warns Oil Can Hit $160 In June If Iran Deadlock Persists
According to Gopinath, a spike to those levels would severely hurt both the global economy and India, which relies heavily on the Middle East for energy imports.
Saatvik Green Energy Q4 net profit falls 36% to ₹60 crore as expenses surge
Despite reporting strong revenue growth in both the March quarter and the full financial year, Saatvik Green Energy witnessed pressure on quarterly profitability as rising operational costs weighed on margins.
Tsakos Energy Navigation Ltd stock hits 52-week high at $44.59 - Investing.com India
Tsakos Energy Navigation Ltd stock hits 52-week high at $44.59Investing.com India
Stellantis plans partnerships with Dongfeng in Europe, JLR in US
Stellantis is joining forces with China's Dongfeng to create a dynamic joint venture aimed at producing new energy vehicles right in the heart of Europe. With plans for manufacturing facilities in France, this partnership reflects Stellantis's bold strategy to widen its market influence.
Vodafone Idea to buy 26% in renewable energy unit for captive power utilisation
Vodafone Idea will invest ₹4.33 crore to acquire a 26% stake in MTK Quantum Green Energy as part of its strategy to source renewable energy for captive consumption. The green energy SPV is setting up a solar power plant in Tamil Nadu.
PM Modi Accorded Top Military Honour In Rome In Presence Of Giorgia Meloni | Watch
PM Modi and Giorgia Meloni discussed the India-Italy strategic partnership in Rome, with focus on trade, energy and defence collaboration.
Quick Wrap: Nifty Energy Index gains 1.48%
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