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Petrol, Diesel Prices On June 24: Check New Fuel Rates In Mumbai, Hyderabad, Chennai, Kolkata, And More
Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.
From Gift Nifty, Nasdaq selloff, US dollar to oil prices: 10 key things that changed for Indian stock market overnight - Mint
From Gift Nifty, Nasdaq selloff, US dollar to oil prices: 10 key things that changed for Indian stock market overnightMint
Oil Prices On June 24: Brent Crude Slips To $76 As Hormuz Traffic Picks Up Over US-Iran Peace Talks
Oil Prices On June 24: Brent Crude Slips To $76 As Hormuz Traffic Picks Up Over US-Iran Peace Talks
Asian Markets Today: Kospi Rebounds, Nikkei Slips as Investors Assess Tech Recovery
South Korean shares recovered after the previous session's sell-off, while markets tracked oil prices and shipping activity through the Strait of Hormuz.
Oil prices extend fall as tankers continue to cross Strait of Hormuz
Brent crude was below %77 a barrel after declining 1.1% in the prior session. Meanwhile, West Texas Intermediate was close to $73 a barrel.
'Never Seen Anything Like It': Trump Claims 19 Million Barrels Of Oil Passed Through Hormuz In A Day
In line with the diplomatic shift, US paused its economic embargo on Iranian crude shipments on Monday.
D-Street set for a positive opening as GIFT Nifty trades higher
Indian markets experienced profit booking after a significant rally, influenced by fluctuating crude oil prices and foreign investor sentiment. Analysts anticipate a sideways trading range with a slight downward bias due to global uncertainties and ongoing foreign outflows. The Nifty found support at a key trendline, suggesting potential near-term recovery, while the India VIX saw an uptick, indicating increased market apprehension.
Govt eyes fast-tracking local production of high-end medical devices
India is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb reliance on expensive imports. Industry consultations with the government are underway to identify key product categories for accelerated development. This initiative aims to address a significant rise in medical device imports, with potential policy support including tariff reviews and subsidies.
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields
India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC securing a crucial US license to operate, a requirement following US oversight of Venezuela's oil sector. The company aims for greater operational control, potentially boosting production and recovering stuck dividends. International majors have already received similar approvals.
Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global
Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners, however, are demonstrating remarkable resilience, successfully diversifying their crude oil sources to include Russian, Brazilian, West African, and US grades amidst ongoing global energy supply disruptions. Market watchers remain vigilant as geopolitical tensions continue to influence oil trade.
REITs' leasable area to rise 30% by FY28, credit profiles to remain healthy
India's listed office REITs are poised for significant expansion, with leasable space projected to grow by 40-45 million sq ft by 2027-28. This growth, fueled by new listings and acquisitions, coupled with strong rental income and stable occupancy, will bolster credit profiles. Despite reliance on debt for future acquisitions, leverage is expected to remain controlled, ensuring a robust sector.
NLC India signs MoU with Indian Oil Corporation
For incorporation of a renewable energy JV