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DIESEL MARGINS
India's fuel exports hit 1-year high in July on strong diesel marginsIndia's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids creat...- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- Iran war ushers in oil refining golden era. It won't lastWar-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the wind...
- Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habitIndia's government will fund offshore oil and gas exploration directly from its national budget. The "Samudra Manthan" scheme allocates sig...
- Unfazed by West Asia crisis, fiscal deficit within range at 18.2% in Q1The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax coll...
- IOC slips into loss in Q1 on holding fuel prices despite rise in costIndian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency impr...
- Stocks in news: Maruti Suzuki, ITC, Vedanta, Swiggy, RILIndian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, and Vedanta shares are in focus du...
- Reliance ramps up diesel exports to Europe, Brazil in July, sources sayReliance Industries sharply increased diesel exports to Europe and Brazil in July as global fuel markets tightened following the US-Iran co...
- America is making the most fuel since pre-covid. It’s not enoughAmerican refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low d...
- He could have joined Tesla. Instead, this Bengaluru techie quit Toyota and Volvo to build electric tractors for farmersBengaluru startup Moonrider is developing electric tractors for Indian farmers. The company aims to replace diesel-powered machines with su...
- BMW aims to cut 8,000 jobs by end 2027, source saysBMW plans voluntary redundancy for nearly half its German workforce. This move aims to reduce approximately eight thousand jobs by the end ...
- Fitch warns AI market correction emerging as major global credit riskRatings agency Fitch warns of significant AI-related market correction risks. Unprecedented AI spending and soaring tech valuations raise c...
- India needs 86 GW additional thermal power by FY36, 64 GW under works: GovtIndia requires 86,440 MW of new thermal power capacity by 2035-36. Over 63,000 MW of this capacity is currently under implementation. Trans...
- Why compact SUVs continue to dominate Bengaluru's used car marketBengaluru buyers favor compact SUVs due to city roads and monsoon conditions. These vehicles maintain their value better than sedans in the...
- Why the coming winter is going to be a long, cold one for EuropeEurope will face the next winter with alarmingly low energy supplies and heating oil inventories. Global markets for liquefied natural gas ...
- Sterling & Wilson eyes Rs 1,500-crore IPO for generator manufacturing armSterling & Wilson plans a ₹1,500 crore IPO for its generator unit. Proceeds will fund the company's significant global and domestic expansi...
- Cutting off Red Sea oil route may be one crisis too manyThe Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, incre...
- Top OMCs post losses with government weighing relief measuresState-run oil companies HPCL and BPCL reported significant losses for the April-June quarter. This occurred as they sold petrol, diesel, an...
- Bharat Coking Coal shares crash 8% after Coal India arm posts Rs 68 crore Q1 net lossBharat Coking Coal shares plunged over 8% on Wednesday. The company reported a net loss of Rs 68 crore for the April-June quarter. Revenue ...
- Relieved that crude has finally fallen? The real warning signs just began flashing elsewhereAs the Iran crisis enters its fifth month, traders have become increasingly convinced that Trump will do almost anything to avoid a politic...
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