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IOC Net Profit Drops 81% In Q1 On Low Refining Margin, Fuel Under-Recoveries
IOC reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates.
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Indian Oil Corporation Net Profit Soars To Rs 13,750 Crore In Q1
India's top oil firm IOC on Friday reported a net profit of Rs 13,750 crore in three months to June 30 - the highest in a decade - as margins on petrol and diesel turned positive on softer oil prices.
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India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
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Rupee Slips 9 Paise To 82.05 Against US Dollar Amid Geopolitical Worries
The rupee declined by 9 paise to close at 82.04 (provisional) against the US dollar on Monday amid geopolitical concerns and firming crude oil prices.
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Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
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Rupee Rises 15 Paise To Close At 81.91 Against US Dollar
The rupee appreciated 15 paise to close at 81.91 (provisional) against the US dollar on Monday as a firm trend in domestic equities and easing crude oil price boosted investor sentiments.
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Rupee Declines 7 Paise To 82.11 Against US Dollar
The rupee depreciated 7 paise to 82.11 against the US dollar in early trade today, weighed down by firm crude oil prices and a negative trend in domestic equities.
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Rupee Declines 12 Paise To 81.97 Against US Dollar
The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
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Rupee Declines 10 Paise To End At 82.31 Against US Dollar
The rupee depreciated 10 paise to close at 82.31 (provisional) against the US currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments.
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Oil Firms Making Rs 10/Litre Profit On Petrol, Rs 6.5 Loss On Diesel: Report
Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said.
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ONGC, Indian Oil Emerge As Top Profit-Making Public Sector Firms In 2021-22
The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to Rs 0.15 lakh crore in FY 2021-22 from Rs 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 per cent.
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Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
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Rupee Closes At 82.75 Against US Dollar
Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows.
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Rupee Trades In Narrow Range, Begins 2023 On Flat Note
Forex traders said the rupee is trading in a narrow range as the support from firm domestic equities and weak American currency is negated by the gains in crude oil prices and sustained foreign fund outflows.
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Tirupati Temple Worth Over Rs 2.5 Lakh Crore, Is Richer Than Wipro, Nestle
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC.
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IOC Net Profit Drops 81% In Q1 On Low Refining Margin, Fuel Under-Recoveries
IOC reported a 81 per cent drop in June quarter net profit, as refinery and marketing margins fell and the firm booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates.
-
Indian Oil Corporation Net Profit Soars To Rs 13,750 Crore In Q1
India's top oil firm IOC on Friday reported a net profit of Rs 13,750 crore in three months to June 30 - the highest in a decade - as margins on petrol and diesel turned positive on softer oil prices.
-
India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm
India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.
-
Rupee Slips 9 Paise To 82.05 Against US Dollar Amid Geopolitical Worries
The rupee declined by 9 paise to close at 82.04 (provisional) against the US dollar on Monday amid geopolitical concerns and firming crude oil prices.
-
Centre Asks Edible Oil Firms To Cut Cooking Oil Prices
The Centre today asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
-
Rupee Rises 15 Paise To Close At 81.91 Against US Dollar
The rupee appreciated 15 paise to close at 81.91 (provisional) against the US dollar on Monday as a firm trend in domestic equities and easing crude oil price boosted investor sentiments.
-
Rupee Declines 7 Paise To 82.11 Against US Dollar
The rupee depreciated 7 paise to 82.11 against the US dollar in early trade today, weighed down by firm crude oil prices and a negative trend in domestic equities.
-
Rupee Declines 12 Paise To 81.97 Against US Dollar
The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities.
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Rupee Declines 10 Paise To End At 82.31 Against US Dollar
The rupee depreciated 10 paise to close at 82.31 (provisional) against the US currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments.
-
Oil Firms Making Rs 10/Litre Profit On Petrol, Rs 6.5 Loss On Diesel: Report
Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said.
-
ONGC, Indian Oil Emerge As Top Profit-Making Public Sector Firms In 2021-22
The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to Rs 0.15 lakh crore in FY 2021-22 from Rs 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 per cent.
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Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
-
Rupee Closes At 82.75 Against US Dollar
Forex traders said the support from firm domestic equities and weak American currency was negated by the gains in crude oil prices and sustained foreign fund outflows.
-
Rupee Trades In Narrow Range, Begins 2023 On Flat Note
Forex traders said the rupee is trading in a narrow range as the support from firm domestic equities and weak American currency is negated by the gains in crude oil prices and sustained foreign fund outflows.
-
Tirupati Temple Worth Over Rs 2.5 Lakh Crore, Is Richer Than Wipro, Nestle
Tirupati's world famous Lord Venkateswara temple's net worth of over Rs 2.5 lakh crore (about USD 30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC.
