Market News
Stay updated with the latest market trends, earnings, and economic indicators.
No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources
Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of LPG and crude from key Middle Eastern ports to India's west coast.
OMCs get a breather from cooling oil prices, but the coast is not all clear
As the West Asia conflict approaches resolution, Indian oil marketing companies (OMCs) are breathing a sigh of relief. With Brent crude prices falling below $80 per barrel, there's optimism for a financial rebound in the sector.
JSW Infra well placed to ride port-led growth; MOFSL says Buy for 40% gain
With a balanced east-west coast presence and expanding inland logistics, analysts believe it is well placed to benefit from India's push for multimodal integration and port-led industrial growth
IMD: Monsoon Arrives In Maharashtra As Scheduled Despite Kerala Delay
The monsoon made landfall in Kerala on June 4, compared with its normal onset date of June 1, but advanced swiftly along the west coast thereafter.
Shakumbhri Pulp & Paper Mills standalone net profit rises 56.25% in the March 2026 quarter
Sales rise 7.89% to Rs 23.80 crore
Shree Rajeshwaranand Paper Mills reports standalone net loss of Rs 0.14 crore in the March 2026 quarter
Reported sales nil
South India Paper Mills reports standalone net profit of Rs 4.57 crore in the March 2026 quarter
Sales rise 21.09% to Rs 113.99 crore
West Coast Paper Q4 profit rises 18% as margins improve sharply
The paper maker reported strong growth in revenue and operating profit during the March quarter, helped by better efficiency and a stronger product mix.
Parijat Paper Mills reports standalone net loss of Rs 2.56 crore in the March 2026 quarter
Sales decline 6.24% to Rs 28.68 crore
Balkrishna Paper Mills reports standalone net loss of Rs 2.76 crore in the March 2026 quarter
Sales decline 46.71% to Rs 0.89 crore
No happy hour yet: Alcohol makers flag cost shock, seek state price hike
Alcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Supply chain disruptions, particularly from the West Asia crisis, have led to significant price surges for glass, paper, and other materials. Manufacturers face potential shutdowns.
Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says
Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.