The Adani Group lost nearly ₹44,898 crore in market value on Monday as shares of group companies plunged following a media report that the National Securities Depository Ltd (NSDL) has frozen accounts of three foreign funds who are major stakeholders. The ports-to-energy conglomerate has denied the report. The accounts of Albula Investment Fund, Cresta Fund […]
Day: June 15, 2021
‘Reports of freezing of investor accounts blatantly erroneous’: Adani Group
The Adani Group on Monday responded to the report on National Securities Depository Ltd (NSDL) freezing accounts of three foreign funds which together own between 2.1% and 8.91% stakes in five Adani Group companies as ‘blatantly erroneous’, according to news agency Reuters. The Adani Group also said that they have registrar and transfer agent confirmation […]
BHEL plunges 18%, weighed down by March quarter numbers
BHEL shares on Monday slipped 18 per cent to ₹62.55 on BSE in intra-day trade after the state-owned company reported a lower-than-expected set of numbers for the quarter ended March 2021 (Q4FY21). BHEL shares were trading 10.5 per cent lower at ₹68.20 at 11:32am on BSE and 10.37 per cent down at ₹68.30 on NSE […]
Father, son duo land in custody after sparking bomb scare on Delhi-Patna flight
A Patna-bound flight was delayed for around two hours at Delhi airport on Monday after a bomb scare, in which a passenger faslely informed cabin crew about the likelihood of an explosive on board. “SpiceJet flight SG 8721 scheduled to operate from Delhi to Patna on June 14 was delayed after a passenger after boarding […]
Oil prices rise as threat of immediate extra supply from Iran recedes
TOKYO (Reuters) – Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran. Brent crude was up by 43 cents, or 0.6%, at $73.29 […]
Coal India Ltd final dividend to enrich govt by Rs 1,426 crore
The government will receive Rs 1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent or Rs 3.5 per share on equity shares of Rs 10 each, an official said. The total dividend payout for FY’21 stood at Rs 16 […]
Coal India’s FY21 profit tumbles 24% as power, metal sector demand dwindles
National miner Coal India Ltd (CIL) saw its profit falling by 23.9 per cent in the financial year 2020-21 marred with low demand from both power and metal sector due to Covid pandemic. The company’s net profit stood at Rs 12,720 crore in FY21, down from Rs 16,700 crore a year before. This is a […]
CIL Q4 net marginally down at Rs 4,589 cr; declares Rs 3.5 final dividend
State-owned Coal India on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the quarter ended March 2021 on the back of lower sales. The coal behemoth had posted a consolidated profit of Rs 4,637.95 crore in the same period a year ago, Coal India Ltd (CIL) […]
Oil prices rise to over two-year high as demand improves, supplies tighten
NEW YORK (Reuters) – Oil prices rose on Monday, hitting their highest levels in more than two years, supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. Brent rose 34 cents to $73.03 a barrel by 12:56 p.m. EDT (1656 GMT). Earlier in the session, it […]
Oil prices climb as demand outlook improves, supplies tighten
Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply. Brent crude was up 51 cents, or 0.7%, at $73.20 a barrel by 0644 GMT, the highest since May 2019. U.S. […]
After Mumbai, Hyderabad sees Rs 100/litre petrol after price hiked again
Hyderabad on Monday became the second metro city in the country to see petrol price crossing Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 29 paise per litre and diesel by 30 paise, according to a price notification of state-owned fuel retailers. The hike — 24th […]
Fuel price update: Petrol price crosses Rs 100/L mark in Ladakh
The price of petrol crossed the Rs 100-mark in Ladakh and stood at Rs 101.95 per litre on Monday. The price of diesel in Bhopal was Rs 93.90 per litre. Other states have also witnessed an increase in the prices of petrol and diesel. With the latest hike, petrol is now being sold at Rs […]