County Petroleum Financial News

earnings season is underway and as many as 70 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life. Apart from the above, Aditya Birla Real Estate, Adani Energy Solutions, Adani Green Energy, Ambassador Infra Holdings, Amber Enterprises, Amerise Biosciences, ASI Industries, Bridge Securities, Can Fin Homes, Chennai Petroleum Corp, Choice International, Coforge and a few others will declare their results.

Subscribe to enjoy similar stories.In the mid-1980s, when a personal computer in India cost as much as ₹80,000, a young Tamil entrepreneur walked into the stalled market and crashed prices by more than half.Chinnakannan Sivasankaran, known simply as Siva, had just bought Sterling Computers from Robert Amritraj, father of tennis star Vijay Amritraj. His opening move was to launch the Siva PC at ₹33,000 with the tagline “The Power of Siva.”The market responded immediately as rivals were forced to cut prices.

PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period.

BOGOTA, Colombia (AP) — Colombian President Gustavo Petro on Tuesday ordered the state-run oil company Ecopetrol to cancel a joint venture with a U.S.-owned company that was expected to produce around 90,000 barrels of oil per day, citing environmental concerns.

Indian Strategic Petroleum Reserves (ISPRL) is weighing building a new strategic reserve in Madhya Pradesh to serve refineries in the northern part of the country during supply emergencies.

Subscribe to enjoy similar stories. New Delhi: Gross refining margins (GRM) of public sector oil marketing companies (OMCs) have fallen by up to 80% in the first half of this financial year, showed data from the Petroleum Planning & Analysis Cell (PPAC), amid shrinking discounts of Russian oil and declining prices in global markets, experts said. Mangalore Refinery and Petrochemicals Ltd, a public sector enterprise under the Union petroleum ministry and a subsidiary of Oil and Natural Gas Corp.

Vodafone Idea topped the list of India Inc's largest loss-making company in Q2 with a loss of Rs 7,176 crore. NBFC Sammaan Capital, which was earlier known as Indiabulls Housing Finance, reported the second largest loss pile of Rs 2,761 crore. PSU fuel retailer Indian Oil's Q2 loss was also more than Rs 1,100 crore.

Subscribe to enjoy similar stories. Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp.

earnings season is underway and as many as 182 companies will declare their results this week. Some of the marquee names include ICICI Bank, YES Bank, ITC, Bajaj Housing Finance, HUL, Ultratech Cement, Bajaj Finance, Bajaj Finserv, IndiGo, Paytm, and Zomato among others. Here are the key earnings to watch out next week

Subscribe to enjoy similar stories. Buy or sell stocks: After witnessing a massive upside move on Thursday, the Indian stock market consolidated on Friday and closed lower. However, banking stocks witnessed a decent demand throughout the session.

Managers of a state-owned fuel trading company in Trinidad and Tobago are facing 15 charges linked to the 2022 deaths of four divers who became trapped in a pipeline while repairing it

index India VIX jumped 10% to hit the day's high of 15.57 on Friday as Nifty fell by over 300 points to hit a low of 24,839.40, over US economy data concerns, a key indicator of rate cuts. Investors await US jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. This week, VIX has jumped by 11% after remaining on a declining curve for a month. In the last one month, India VIX has fallen by 25%.

ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2% while Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3.

India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he said. «This presents a strategic opportunity to expand refining capacity alongside the development of integrated petrochemical complexes,» Krishnakumar said.

A California law that bans drilling new oil wells near places like homes and schools will likely take effect in the coming days

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Sensex:Top Gainers: Power Grid Corporation Of India (up 1.52%), Sun Pharmaceutical Industries (up 0.92%), Nestle India (up 0.71%), ITC (up 0.44%), Bharti Airtel (up 0.26%)Top Losers: Tech Mahindra (down 2.35%), ICICI Bank (down 2.19%), Axis Bank (down 1.92%), Bajaj Finserv (down 1.89%), HDFC Bank (down 1.48%)Nifty:Top Gainers: Hindalco Industries (up 3.52%), Power Grid Corporation Of India (up 1.57%), Divis Laboratories (up 1.27%), Nestle India (up 1.00%), Sun Pharmaceutical Industries (up 0.96%)Top Losers: HDFC Life Insurance Company (down 2.87%), SBI Life Insurance Company (down 2.62%), ICICI Bank (down 2.21%), Tata Consumer (down 2.21%), Tech Mahindra (down 2.18%)Nifty MidCap 50:Top Gainers: Suzlon Energy, Jubilant Foodworks, Au Small Finance Bank, L&T Finance Holdings, Vodafone IdeaTop Losers: HDFC Asset Management Company, Ashok Leyland, Tube Investments Of India, Hindustan Petroleum Corporation, AstralNifty Small Cap 100:Top Gainers: Cochin Shipyard, Baheti Recycling Industries, Housing & Urban Development Corporation, Great Eastern Shipping Company, Finolex CablesTop Losers: PNB Housing Finance, Ujjivan Small Finance Bank, Arham Technologies, Narayana Hrudayalaya, ITIBSE:Top Gainers: Sumitomo Chemical India (up 8.79%), Grindwell Norton (up 8.70%), Eid Parry India (up 8.18%), BHARAT DYNAMICS (up 5.99%), Cochin Shipyard (up 5.92%)Top Losers: IFB Industries (down 9.94%), Hatsun Agro Product (down 8.39%), EIGHTY JEWELL-MT (down 7.58%), PNB Housing Finance (down 6.69%), ICICI Prudential Life Insurance Company (down 4.41%)NSE:Top Gainers: Sumitomo Chemical India (up 9.03%), Grindwell Norton (up 8.33%), Eid Parry India (up 8.28%), BHARAT DYNAMICS (up 6.01%), Finolex Industries (up 5.75%)Top Losers: Master Components

Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session.The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between gains and losses, influenced by a lack of new catalysts, high valuations, and mixed global signals.Also read: Stock market today: Sensex, Nifty 50 fall for 3rd consecutive session; investors lose nearly ₹3 lakh crore in a day“We maintain our positive bias and expect Nifty to head toward our earmarked target of 23400 in the coming weeks.

trend in the week gone by as valuation concerns clouded the already uncertain outlook that was prevailing due to general elections. The downtrend was particularly visible in the broader market, where both the BSE mid- and small-cap indices lost nearly 4% each.

₹42.17 for Q4 which decreased by 38% Y-o-Y. Chennai Petroleum Corporation has delivered 15.65% return in the last 1 week, 106.25% return in last 6 months and 54.63% YTD return.

Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Wednesday reported 39 per cent drop in March quarter net profit on lower prices and foreign exchange loss. Consolidated net profit of Rs 627.89 crore in January-March FY24 was lower than Rs 1,012.81 crore earning in the same period last year, according to a stock exchange filing of the company. The profit was up 71 per cent when compared with Rs 365.3 crore earning in December quarter.