LONDON: Hedge funds boosted their position in petroleum for the fourth week running, as bullishness about oil consumption and prices rebounded after the setback in March. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options contracts in the week to May 4. […]
Day: May 11, 2021
Crude oil rises as key US fuel pipeline plans restart
NEW YORK: Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown. Potential U.S. demand growth boosted crude prices, offsetting fears that a resurgent coronavirus pandemic in India would cut demand in Asia.
Petronet LNG shares down 0.56% as Nifty falls
Shares of Petronet LNG NSE 1.60 % Ltd. rose 0.56 per cent to Rs 241.3 in Monday’s trade. It hit an intraday high of Rs 245.7 and low of Rs 241.2, respectively, during the day. The stock quoted a 52-week high price of Rs 280.0 and low of Rs 207.4. As of 01:24PM (IST), the […]
Shares of Indian Oil Corp. rise as Nifty drops
Shares of Indian Oil Corporation Ltd. gained 3.03 per cent to Rs 102.05 in Tuesday’s trade as of 10:05AM (IST). It hit a high of Rs 103.0 and low of Rs 97.95 during the session. The stock quoted a 52-week high price of Rs 105.0 and a low of Rs 71.15. The return on equity […]
HPCL shares rise 2.37% as Sensex slides
Shares of the Hindustan Petroleum Corporation Ltd. traded at Rs 261.1 on BSE at 10:15AM (IST) on Tuesday, up 2.37 per cent from previous close. The stock quoted a 52-week low price of Rs 163.3 and a high of Rs 263.7. Earlier, the stock saw a gap down opening in the morning. A total of […]
GAIL shares gain 1.36% as Sensex falls
Shares of the GAIL NSE 4.17 % (India) Ltd. traded at Rs 156.75 on BSE at 10:31AM (IST) on Tuesday, up 1.36 per cent. The stock quoted a 52-week low price of Rs 80.5 and a high of Rs 159.55. Earlier in the day, the stock saw a gap down opening. At the prevailing price, […]
Power Finance Corp. stock price up 1.62 per cent as Sensex slides
Shares of Power Finance Corporation Ltd. rose 1.62 per cent to Rs 116.25 at 10:46AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 441,895 shares with a turnover of Rs 5.11 […]
REC shares up 1.62% as Nifty gains
Shares of REC NSE 2.92 % Ltd. rose 1.62 per cent to Rs 137.75 in Tuesday’s trade. It hit an intraday high of Rs 138.6 and low of Rs 134.3, respectively, during the day. The stock quoted a 52-week high price of Rs 156.85 and low of Rs 83.7. As of 10:52AM (IST), the counter […]
IndiGo’s board approves raising Rs 3,000 crore via QIP
Mumbai: IndiGo Monday announced its board has approved the raising funds up to Rs 3,000 crore via a qualified institutional placement of shares. The airline last Tuesday said it would consider such a proposal. IndiGo’s decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid19 infections. The […]
Vijaypat Singhania moves Bombay HC to change India’s ‘colonial’ aviation country code
Vijaypat Singhania, ex-chairman emeritus of the Raymond Group, along with a Pune businessman has approached the Bombay High Court to seek its intervention to direct the central government, through Director General of Civil Aviation (DGCA) and International Civil Aviation Organisation (ICAO) to change India’s country code or registration alphabets for all Indian aircraft.
Electric vehicles will be cheaper than combustion by 2027: Study
Electric cars will be cheaper to build than fossil fuel vehicles across Europe within six years and could represent 100 percent of new sales by 2035, according to a study published Monday. Carmakers are shifting en masse to electric and hybrid models in order to bring average fleet emissions under a European Union limit of […]
Solar power majors get $3-billion shock from Supreme Court order
A Supreme Court order that requires overhead power lines to be taken underground in the habitats of a critically endangered bird is likely to hurt the financial viability of solar projects in Rajasthan and Gujarat. Developers estimate the total cost to change the existing overhead wires to underground cables at Rs 22,000 crore, requiring a […]