LONDON: Oil NSE -0.98 % prices were poised for a third day of losses on Thursday after diplomats said progress was made towards a deal to lift sanctions on Iran, which could boost crude supply. Brent crude was down $1.40, or 2.1 per cent, at $65.26 a barrel by 0941 GMT. U.S. oil lost $1.12, […]
Day: May 21, 2021
Oil nudges up, set for biggest weekly loss since March on possible Iran supplies
SINGAPORE: Oil prices edged up on Friday, taking a breather after three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal. Brent crude futures for July rose 10 cents, or 0.2%, to $65.21 a […]
Tata Power shares down 0.53% as Nifty drops
NEW DELHI: Shares of Tata Power NSE 1.99 % Company Ltd. traded 0.53 per cent down in Thursday’s trade at 12:10PM (IST). Around 577,532 shares changed hands on the counter. The scrip opened at Rs 105.0 and touched an intraday high and low of Rs 105.45 and Rs 102.45, respectively, in the session so far. […]
Adani Green shares up 2.02% as Nifty gains
NEW DELHI: Shares of Adani Green Energy Ltd. traded 2.02 per cent up in Friday’s trade at 10:46AM (IST). Around 56,966 shares changed hands on the counter. The counter opened at Rs 1284.0 and touched an intraday high and low of Rs 1295.3 and Rs 1271.25, respectively, in the session so far. Shares of the […]
Tata Power shares up 2.24% as Nifty gains
NEW DELHI: Shares of Tata Power NSE 1.99 % Company Ltd. traded 2.24 per cent up in Friday’s trade at 10:26AM (IST). Around 629,474 shares changed hands on the counter. The counter opened at Rs 104.4 and touched an intraday high and low of Rs 105.7 and Rs 103.35, respectively, in the session so far. […]
HPCL shares gain 4.35% as Sensex rises
Shares of the Hindustan Petroleum Corporation Ltd. traded at Rs 278.05 on BSE at 10:00AM (IST) on Friday, up 4.35 per cent. The stock quoted a 52-week low price of Rs 163.3 and a high of Rs 288.15. Earlier in the day, the stock saw a gap up opening. At the prevailing price, the stock […]
HPCL Q4 results: Net profit jumps to Rs 3,018 cr on big inventory gains
New Delhi: Hindustan Petroleum’s fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains. The sales for the quarter rose 19% to Rs. 84,905 crore. “Enhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favorable exchange rate variations,” […]
Dalmia Power sells Indian Energy Exchange shares worth Rs 488 cr
NEW DELHI: Dalmia Power Ltd on Thursday sold Indian Energy Exchange NSE 2.67 %’s shares worth Rs 487.54 crore through an open market transaction. Dalmia Power has offloaded more than half of its shares it held in the firm and is now left with a little over 1.11 crore scrips. As per the shareholding data […]
Indian gas importers cut spot market purchases
New Delhi: Indian gas importers are sharply cutting spot market purchases, diverting already-purchased liquefied natural gas (LNG) cargoes, and rescheduling even some long-term deliveries as Covid-linked lockdowns hit demand and prices stay high in the spot market. Domestic gas demand has dropped 7% in April over March while LNG imports have dropped 11%. The demand […]
BPCL shares in high demand on likely large dividend payout
MUMBAI: Investors lapped up shares of state-owned Bharat Petroleum Corporation (BPCL NSE 1.56 %) on Thursday after the company said it will decide on a final dividend on May 26. Analysts said expectations are high that the oil marketer and refiner, which is high on government’s privatisation list, could announce a large dividend as the […]
HPCL surges 8% on multi-fold rise in Q4 profit
NEW DELHI: Shares of HPCL NSE 4.39 % climbed 8 per cent in Friday’s trade after the oil marketing company reported a multi-fold jump in March quarter profit. The OMC reported Rs 3,018 crore in March quarter profits on the back of inventory gains and rise in refining margins. The company had a net profit […]
Jaypee Infra creditors reject NBCC’s bid as non-compliant with IBC
Insolvency bound realty developer Jaypee Infratech NSE 2.78 %’s Committee of Creditors (CoC) has termed state-run NBCC NSE 0.30 %’s bid for the company non-compliant with the code, as interpreted by the Supreme Court’s recent judgment, with regards to payment to dissenting financial creditors (DFC), said persons familiar with the development. Following this, Suraksha Group’s […]