₹700.28 crore in Indian stocks today.Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Aramco maintained its dividend to the Saudi government despite a drop in production and weaker oil prices as the kingdom tackles a widening budget deficit.The total payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.The world’s biggest crude oil exporter provides much of the Saudi government’s income via generous dividends. (Read More)IndiGo, India's largest airline, anticipates grounding at least 35 planes in the upcoming March quarter due to powder metal issue with the Pratt & Whitney engines.This adds to the nearly 40 aircraft already grounded for other engine-related issues.
With a fleet of 334 planes at the end of September, the airline is expected to encounter capacity constraints in the March quarter, despite ongoing efforts to address the situation. (Read More)Oil fell to a three-month low as a forecast drop in US gasoline consumption added to a growing array of indicators suggesting the demand outlook is worsening.Global benchmark Brent fell toward $81 a barrel after plunging 4.2% on Tuesday, while West Texas Intermediate was near $77.
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