County Petroleum Financial News

PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party. 

Body Various widely tracked companies like Axis Bank, Tech Mahindra, Asian Paints, Punjab National Bank, Reliance Industries, Maruti Suzuki, Bajaj Finserv and NTPC would be releasing their September quarter report cards this week.

Dolly Khanna raised stakes in smallcap multibagger stock Talbros Automotive Components and Prakash Pipes while slashing her holdings in five others viz. Mangalore Chemicals & Fertilizers, Som Distilleries & Breweries, Nitin Spinners, Chennai Petroleum Corporation, KCP during the September 2023 quarter. Khanna's stake in Talbros stood at 1.57% at the end of the quarter ended September 30 versus 1.50% at the end of the June quarter, according to the public shareholding data available on BSE. The stock has given nearly 120% returns over the past 12 months and 83% on a year-to-date basis.

₹3.3/litre in 2QFY24 from the record high of ₹8.8/litre in 1QFY24. Crude oil prices rose as high as 30 per cent in three months spanning July-September as the production cuts announced by Saudi Arabia and Russia have squeezed the global crude supply.

NEW DELHI : The petroleum ministry has increased the LPG distributors’ commission to ₹73.08 per cylinder from ₹64.84 fixed in May last year. In a letter dated 3 October, sent to the oil marketing companies (OMC), the ministry, however, said that the revision in the distribution commission would not result in a revision in retail LPG prices. It said the government approved the “revision of distributor’ commission to ₹73.08 per 14.2 kg cylinder (establishment charges: ₹39.65 and delivery charges: ₹33.43) and ₹36.54 per 5.0 kg cylinder (establishment charges: ₹19.82 and delivery charges: ₹16.72)".

₹17 and in FY23, the DPS stood at ₹24.3, according to the brokerage. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! 1.Coal India: At a current market price (CMP) of ₹295, the coal miner gave a dividend yield of 8.2 per cent with FY22 DPS at ₹17 and FY23 DPS at ₹24.3 2.Oil India: At a CMP of ₹299, the oil explorer gave a dividend yield of 6.7 per cent with FY22 DPS at ₹14.3 and FY23 DPS at ₹20 3.PTC India: At a CMP of ₹133, the power major gave a dividend yield of 5.9 per cent with FY22 DPS at ₹7.8 and FY23 DPS at ₹7.8 4.Oil and Natural Gas Corporation (ONGC): At a CMP of ₹192, the oil major gave a dividend yield of 5.9 per cent with FY22 DPS at ₹10.5 and FY23 DPS at ₹11.3.

Mid-tier stockbroker Shaw and Partners is on a hiring spree, adding to its research and equity capital markets teams.

Investing.com — Has U.S. gasoline demand peaked for this time of year? Well, that’s what the Labor Day holiday supposedly says. 

Woodside Energy has taken steps to streamline its enlarged portfolio after its merger last year with BHP Petroleum, tapping Morgan Stanley to sell its interests in the mature Macedon and Pyrenees oil and gas ventures off Western Australia.

Niger’s military officer and chief of presidential guard General Abdourahamane Tchiani carried out a coup and ousted President Mohamed Bazoum from power just a few days after China’s Ambassador to the West African country Jiang Feng met him to discuss building of an industrial park in the capital Niamey in what is a lesser-known fact. The proposed industrial park, it is said, will have a significant impact on sectors like food, manufacturing, mining, and real estate of Niger.

₹508 crore for construction of ISPRL Phase-II projects at Chandikhol (Odisha) and Padur (Karnataka) using underground unlined rock caverns storage technology in PPP mode. ISPRL, or Indian Strategic Petroleum Reserves Limited, is a special purpose vehicle owned by the Oil Industry Development Board (OIDB) under the ministry of petroleum & natural gas. Besides, a provision of ₹202.81 crore has been made for payment to ISPRL regarding O&M expenditure for Mangalore (Padur) and Visakhapatnam projects.

multibagger returns in 2023, data analysed by ETMarkets showed. These companies have a minimum market capitalization of Rs 500 crore, and the stocks have given up to over 3000% returns year-to-date. Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.

July 24Tata Steel, TVS Motor Company, IDBI Bank, Canara Bank, HDFC Asset Management Company, Poonawalla Fincorp, Relaxo Footwears, PNB Housing Finance, DCM Shriram, BASF India, Craftsman Automation, Shoppers Stop, Jammu & Kashmir Bank, Tamilnad Mercantile Bank, Chennai Petroleum Corporation, Maharashtra Scooters, JK Paper, Spandana Sphoorty Financial, Mahindra Logistics, IIFL Securities, Dwarikesh Sugar Industries, LKP Securities.July 25Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, Mindspace Business Parks REIT, Cyient, UTI Asset Management Company, Jyothy Labs, Mahindra Holidays & Resorts India, Delta Corp, Tips Industries, Greenply Industries.July 26Bajaj Finance, Axis Bank, Tech Mahindra, Dr Reddy's Laboratories, Bharat Petroleum Corporation, Cipla, Shree Cements, Tata Consumer Products, Punjab National Bank, Colgate-Palmolive (India), Schaeffler India, REC, Oracle Financial Services Software, Vedant Fashions, Jindal Stainless, GlaxoSmithKline Pharmaceuticals, Kajaria Ceramics, Fine Organic Industries, Aether Industries, Aditya Birla Sun Life AMC, Ion Exchange (India), Praj Industries, Mahindra Lifespace Developers, Jubilant Ingrevia.July 27Bajaj Finserv, Bharat Electronics, Bajaj Holdings & Investment, Shriram Finance, Macrotech Developers, CG Power and Industrial Solutions, Indian Hotels Company, Indus Towers, Indian Bank, Sona BLW Precision Forgings, ACC, Dr Lal Pathlabs, Laurus Labs, Ajanta Pharma, Blue Dart Express, Tata Teleservices (Maharashtra), Indian Energy Exchange, Motilal Oswal Financial Services, Birlasoft, Ujjivan Small Finance Bank, Latent View Analytics, JK Lakshmi Cement, Sterlite

China has begun drilling a 10,000-meter hole in the ground for the second time this year as it seeks ultra-deep reserves of natural gas.China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles), Xinhua News Agency reported.

Woodside Energy posted a 29 per cent dive in quarterly sales after a drop in oil and LNG prices and a dip in production in its weakest quarter since merging with BHP Petroleum in June last year.

top gainers and losers during July 17 trading session: Top gainers: State Bank of India Ltd ( up 2.81%), Wipro Ltd (up 2.54%), Reliance Industries Ltd (up 2.10%), HDFC Bank Ltd (up 2.07%), and Kotak Mahindra Bank Ltd (up 1.45%).  Top losers: Tata Motors Ltd (down 1.02%), Bharti Airtel Ltd (down 0.89%), Titan Ltd (down 0.70%), JSW Steel Ltd (down 0.66%), and Mahindra & Mahindra Ltd (down 0.57%).  Top gainers: State Bank of India Ltd (up 3.01%), Wipro Ltd ( up 2.68%), Dr. Reddy's Laboratories Ltd (up 2.52%), Grasim Industries Ltd ( up 2.33%), and HDFC Bank Ltd ( up 2.06%).

BSE SmallCap Index witnessed a remarkable surge today as several stocks hit new 52-week highs, reflecting the strength and potential of small-cap companies. Noteworthy companies such as Ahluwalia Contracts, Anand Rathi Wealth, The Anup Engineering, Black Box, Bombay Burmah Trading Corp, CCL Products, Century Textiles & Industries, Chennai Petroleum Corporation, Coforge, and Datamatics Global Services achieved significant milestones. The data was sourced from BSE at 1.30 pm, and the updates from the real-time data could come with a lag.

Check out the companies making headlines in midday trading.

Binance has become a victim of a smear campaign by an AI-powered chatbot that spreads false information regarding its founder Changpeng Zhao (CZ) and his supposed affiliation with the Chinese Communist Party.

The International Energy Agency (IEA) unveiled a new 10-point plan on Friday to rapidly reduce oil consumption, and help mitigate against rising prices or fuel shortages amid Russia's war in Ukraine.

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