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HPCL, BPCL, IOC shares gain on BSE after brokerage estimates further upside on upbeat earnings

In a note, Nomura Global Markets Research said state-run HPCL, BPCL, IOC are in for better times ahead, lifting their share prices on BSE.

Aug 8, 2016

Essar Oil plans to invest Rs. 1,200 crore to upgrade refinery, boost margin

The company invested Rs. 400 crore during a 28-day shutdown of its Vadinar oil refinery in Gujarat last year.

Aug 8, 2016

Oil prices rise on renewed output freeze talks, but fundamentals remain weak

Analysts said that the price rise came on the back of renewed calls by some OPEC members to freeze production.

Aug 8, 2016

Narendra Modi Modi government modi completes two years in office

PM launches 4,000 MW super thermal power project in Telengana

The initial investment of the project is valued at Rs.10,600 crore.

Aug 7, 2016

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Income Tax department raids offices of Muthoot Capital Services

The searches were carried out for alleged tax evasion.

Aug 7, 2016

RBI policy meet on Aug. 9 to guide stock markets next week

Indian stock markets would be driven largely by the RBI's stance on rate cut at the policy meet scheduled to be held on Aug. 9.

Aug 6, 2016

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PVR, Inox Leisure shares flare up on hopes of GST to be lower than entertainment tax

A GST rate of about 18 percent is expected to improve profit margins of PVR, Inox Leisure, say analysts.

Aug 6, 2016

Reliance Jio sets up 5 lakh 4G outlets; rivals Airtel, Vodafone, Idea woo customers with new offers

Telecom companies Airtel, Vodafone and Idea Cellular feel the heat as Reliance gears up for 4G launch.

Aug 6, 2016

Vedanta Resources aims to close merger with Cairn India in early 2017

Mining and energy group Vedanta Resources seeks to boost its financial strength through its merger with Cairn India.

Aug 6, 2016

What India's formal adoption of inflation target means?

The RBI-monitored inflation targeting aims to keep retail price index at check below 4 percent till 2021.

Aug 5, 2016

Lockheed Martin will shift F-16 fighter jet manufacturing unit to India if it gets assured orders

The challenge before Lockheed is to use its competitive production advantage into winning this deal, says an aerospace expert.

Aug 5, 2016

Asia stocks gain, pound weakens on Bank of England easing, US jobs data awaited

Japan's Nikkei advanced 0.3 percent, on track for a loss of 1.6 percent for the week.

Aug 5, 2016

After Air Pegasus, Air Costa halts operations over payment issues

The airline is sorting out payment issues with its lessor, GE Capital Aviation Services, an Air Costa official said on Thursday.

Aug 5, 2016

StanChart sees further cuts to bad loan provisions in China, India

A sharp spike in non-performing loans in China and India had weighed on the Asia-focused bank's balance sheet in recent years.

Aug 4, 2016

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RBI's new alert website to save people from investing in ponzi schemes

The initiative is expected to streamline the search for genuine operators, while keeping away fraudsters.

Aug 4, 2016

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