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RS 75000 CRORE OMC LOSS
Q1 Results today: Eternal, Nestle, IndusInd Bank among 63 companies announcing June earnings. What to expect?A packed earnings day awaits Dalal Street, with Eternal, Nestlé India, IndusInd Bank and over 250 companies set to report June quarter resu...22 Jul, 2026, 10.12 AM IST- Trade all at sea: Freight rattled by delays, ship shortages and port congestion as West Asia conflict flares up againRenewed conflict in West Asia is significantly disrupting India's exports, with exporters facing container shortages and limited vessel ava...22 Jul, 2026, 06.51 AM IST
- Rs 75,000 cr OMC loss: Oil ministry working on plan to offset losses. Companies seek financial support; Finance Ministry nod needed before proposal goes to CabinetOil Ministry is working on a proposal to compensate state-run oil marketing companies for losses incurred from selling fuel below market ra...22 Jul, 2026, 06.47 AM IST
- Chhattisgarh Rs 17 crore snakebite scam: How doctors, lawyers, clerks and bank employees faked deaths in BilaspurChhattisgarh Snakebite Scam: Police in Bilaspur, Chhattisgarh, have arrested seventeen individuals in a large compensation fraud. This synd...21 Jul, 2026, 04.22 PM IST
- Adani Total Gas Q1 Results: Profit falls 14% YoY to Rs 142 crore, revenue jumps 27%Adani Total Gas Q1 Results: Adani Total Gas reported 14% year-on-year (YoY) decline in its consolidated net profit at Rs 142 crore in the f...21 Jul, 2026, 03.46 PM IST
- India's ethanol mission sees state-run fuel firms spend Rs 1.72 lakh crorePublic Sector OMCs spent over Rs 48,000 crore on ethanol procurement in ESY 2023-24. They procured Rs 73,996 crore worth of ethanol during ...21 Jul, 2026, 12.28 PM IST
- Indo MIM's Rs 3,812 cr IPO to open on July 23; price band set at Rs 461-485Indo MIM Ltd announced its Initial Public Offering, which opens for subscription on July twenty-third. The precision engineering components...20 Jul, 2026, 12.52 PM IST
- LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocationIndia's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the bud...17 Jul, 2026, 01.26 PM IST
- India's oil firms promote liquid LPG cylinders to reduce fuel lossesOil companies are encouraging commercial users to switch to liquid off-take LPG cylinders. This shift promises significant cost savings and...17 Jul, 2026, 12.23 AM IST
- BHEL reports Rs 376.71 crore profit for Q1FY27Bharat Heavy Electricals Ltd posted a profit of Rs 376.71 crore for the June quarter. This marks a substantial recovery from the Rs 455.50 ...16 Jul, 2026, 05.09 PM IST
- Income Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demandThe Income Tax Appellate Tribunal has extended a significant tax demand stay. This stay now covers approximately ₹10,833.22 crore for Xiaom...14 Jul, 2026, 01.52 PM IST
- Brent below $80 to sustain OMC earnings recoveryOil marketing companies' margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly ...13 Jul, 2026, 05.51 AM IST
- Arvind Kejriwal to address media at 4 PM over fuel pricingArvind Kejriwal will address fuel pricing concerns at a press conference today. He alleges petrol should cost 82 rupees per liter but is so...09 Jul, 2026, 02.27 PM IST
- India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?India's three largest fuel retailers—HPCL, BPCL and IOCL—are expected to report a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 a...09 Jul, 2026, 01.01 PM IST
- This sector is set to dominate Q1 earnings for all the wrong reasonsOil marketing companies are set to dominate Q1 earnings but for the wrong reasons, with HPCL, BPCL and IOCL expected to post massive losses...09 Jul, 2026, 12.07 PM IST
- ET Graphics: Crude oil retreats, but India's fuel bills stay upChina has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel...07 Jul, 2026, 01.35 AM IST
- OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q1State-run oil companies faced significant losses in the April-June quarter, losing ₹18.9 per litre on diesel and ₹6 on petrol. This downtur...04 Jul, 2026, 01.11 AM IST
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