India’s fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia’s third biggest economy boosted by cheap Russian oil. Consumption of fuel, a proxy for oil demand, rose by more than 5% to 4.82 million barrels per day (18.5 million tonnes) in February, […]
Udayshivakumar Infra IPO opened for subscription on 20 March and the issue has been booked 58% on day 1, with total bids of 1,15,51,292 shares. Qualified institutional buyers (QIBs) subscribed for 0.97 times of their reserved portion. Retail investors bid for 0.44 times of the shares reserved for RIIs. The NII portion garnered 73% bids […]
Foreign portfolio investors (FPIs) have no impact on the markets, according to VS Sundaresan, executive director of Sebi. Strong domestic inflows are now supporting the indices, he said. Speaking at Assocham痴 capital markets summit The Re-set of Globalisation: Capital Formation@2047 for New India, Sundaresan said: 典en years back, Indian markets were completely driven by FPI […]
Benchmark indices BSE Sensex and NSE Nifty trimmed the morning’s losses to trade in the green. Sensex gained 96 points, at 59,841 while Nifty 50 was up by 0.15% at 17,581. The broader markets traded flat. Sectorally, Nifty FMCG and Nifty Metal indices gained 0.8% and 0.9% respectively while Nifty Realty fell 1.1% in trade. […]
Icici securities has given a hold call on Petronet LNG with a TP of `210. The current market price of Petronet LNG is `209. We met the management of PLNG to get a sense of the state of the business and its latest outlook. Here are key takeaways: Near-term volumes remain stressed, specifically with respect […]
Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose 14 cents, or 0.2%, to $72.64 a barrel at 0002 GMT, while U.S. West Texas Intermediate was […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Thursday, 20 April, in the figures across major cities including New Delhi, Kolkata, Mumbai, and Bengaluru. However, cities across the country have witnessed fluctuations in fuel prices across the nation. In Jaipur, diesel rates rose Rs 0.36 […]
The Indian real estate market is currently in its best shape since 2014, with healthier developer balance sheets and shorter property sale cycles. While caution is advised to prevent excessive price increase, the next couple of months show promising signs of increase in residential demand and supply, says Sudhir Pai, CEO, Magicbricks. In an exclusive […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices remain unchanged on Saturday, 14 January 2023, keeping costs steady for about seven months now. In Delhi, petrol price is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company’s operation and it will start the process of launching a Follow-On Public Offering (FPO) in April to increase the public shareholding to 25 per cent. Stock exchanges NSE and BSE have frozen the shares of […]
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