Shares of oil marketing companies (OMCs) fell in Wednesday’s trade following the government’s decision to slash prices of LPG cylinders by Rs 200 per refill. Hindustan Petroleum Corporation (HPCL) was the top loser as stock price declined 2.5% to the day’s low of Rs 350.20. Meanwhile, Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) … Read more
New Delhi: State-owned Indian Oil Corporation (IOC) on Monday said its fuel market share climbed to 43 per cent in the fiscal year that ended on March 31 during which all its divisions posted stellar performance. IOC, the nation’s top oil firm, added almost 1,800 petrol pumps, clocked highest ever throughput at its refineries, posted … Read more
The Indian markets closed in red for the second consecutive day on Thursday, tracking weak global cues. The S&P BSE Sensex fell over 300 points, while the Nifty50 managed to hold on to 17,600 levels. Sectorally, buying was seen in FMCG, consumer durables, auto and utilities, while selling pressure was seen in banks, the public … Read more