Russia increased its share in Indian crude oil imports to nearly 40% in April from 30% in March, closing in on its all-time peak of 42% last July, as higher global oil prices pushed Indian refiners to increase intake of discounted Russian barrels to reduce their average crude purchase cost. Indian refiners imported 1.78 million […]
Day: May 3, 2024
BHEL up 7%, hits 12-year high on pact with HIMA for railway signaling biz
Shares of Bharat Heavy Electricals (BHEL) hit a 12-year high of Rs 300.20 a piece, as they rallied 7 per cent on the BSE in Thursday’s intra-day trade after the company on Tuesday announced that it has entered into a strategic partnership with HIMA Middle East FZE, Dubai for railway signalling business. The stock is […]
Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice
The National Green Tribunal has sought a response from the authorities, including the administrative head of NTPC’s North Karanpura superthermal power plant in Jharkhand’s Chatra district, regarding the massive fire that engulfed a unit last month. The National Green Tribunal (NGT) was hearing a matter where it had taken suo motu cognisance of a PTI […]
Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships
Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments. Suezmax tanker Vladimir Tikhonov discharged around 1 million barrels of Russian flagship Urals crude at Paradip port, […]
HPCL, BPCL, IOC stocks rally up to 4% as oil dips on ME ceasefire hopes
Shares of oil marketing companies (OMCs) gained up to 4 per cent on the BSE in Thursday’s intra-day trade as crude oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East (ME). That apart, rising crude inventories and production in the US, the world’s biggest […]
Tripura government imposes restrictions on sale of petrol and diesel
The Tripura government has imposed restrictions on sale of petrol and diesel from Wednesday. Why are restrictions imposed? A massive landslide in Assam’s Jatinga region has disrupted the goods train movement to Tripura, leading to the fuel shortage. Passenger train movement started on April 26 after restoration work. However, train service through Jatinga still remains […]