Stocks to watch: Reliance Power, Jet Airways, GAIL, Essar Oil, Time Technoplast
Crude oil prices fell in Asian trade after a sharp rise in previous session. Traders are awaiting key OPEC meet to decide on its production quotas.
By ET Bureau |
MUMBAI: Crude oil prices fell in Asian trade after a sharp rise in previous session. Traders are awaiting key OPEC meet to decide on its production quotas. New York's main contract, light sweet crude for October delivery eased to $ 71.08 and Brent North Sea crude for October delivery lower at $69.22.
The Indian rupee slipped lower Wednesday taking cues from weak Asian market. At 9:20 am. the partially convertible rupee was at 48.54 per dollar against its previous close of 48.47.
The state regulator Maharashtra Electricity Regulatory Commission (MERC) on Tuesday ordered investigations into business affairs of RInfra D, the distribution arm of Reliance Power, the Anil Dhirubai Ambani group company.
Jet Airways has cancelled 6-70 flights so far after almost half of its pilots did not report for duties protesting against sacking of two of their colleagues. However, the management has said that international flights currently are running on schedule.
Gail India may take a stake in the $1.95-billion gas pipeline that China is building for ferrying natural gas found off the Myanmar coast. China National Petroleum Corp (CNPC) is laying a 870-km pipeline in Myanmar to transport gas found in blocks A-1 and A-3 to mainland China. CNPC has offered 49.9% stake to the consortium developing gas fields in blocks A-1 and A-3.
On the basis of the exploration results of Essar Oil���s Raniganj CBM Block, the Director General of hydrocarbons has upgraded its gas in place estimates from 42 billion cubic meters to 60.77 billion cubic meters.
Time Technoplast JV with Schoeller Arca Systems has secured order for Rs 20 crore from a multinational company in India for special packaging products.
The Indian rupee slipped lower Wednesday taking cues from weak Asian market. At 9:20 am. the partially convertible rupee was at 48.54 per dollar against its previous close of 48.47.
The state regulator Maharashtra Electricity Regulatory Commission (MERC) on Tuesday ordered investigations into business affairs of RInfra D, the distribution arm of Reliance Power, the Anil Dhirubai Ambani group company.
Jet Airways has cancelled 6-70 flights so far after almost half of its pilots did not report for duties protesting against sacking of two of their colleagues. However, the management has said that international flights currently are running on schedule.
Gail India may take a stake in the $1.95-billion gas pipeline that China is building for ferrying natural gas found off the Myanmar coast. China National Petroleum Corp (CNPC) is laying a 870-km pipeline in Myanmar to transport gas found in blocks A-1 and A-3 to mainland China. CNPC has offered 49.9% stake to the consortium developing gas fields in blocks A-1 and A-3.
On the basis of the exploration results of Essar Oil���s Raniganj CBM Block, the Director General of hydrocarbons has upgraded its gas in place estimates from 42 billion cubic meters to 60.77 billion cubic meters.
ADVERTISEMENT
Time Technoplast JV with Schoeller Arca Systems has secured order for Rs 20 crore from a multinational company in India for special packaging products.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
