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National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices. The largest oil supplier has spent over Rs 17,000 crore to upgrade its refineries to produce the low-sulphur diesel …
Continue reading “Ready for BS-VI supply, prices to go up marginally from April 1: IOC”
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Facing criticism for not removing the long term capital gains (LTCG) tax, Finance Minister Nirmala Sitharaman said that the ministry would wait for one more year to take a call on it. The ongoing share market volatility has not allowed the ministry to make a reasonable estimate on the same, …
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Bharti Airtel shares surged 3.62 per cent to hit a 52-week high of Rs 552.85 apiece on BSE backed by strong 4G customer additions of 2.1 crore, 7 per cent on-year growth in revenues and a 73 per cent year-on-year rise in mobile data traffic. Post Bharti Airtel December quarter earnings, …
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Oil prices edged lower on the final day of the year on Tuesday, but were on track for their biggest annual rise since 2016, supported by a thaw in U.S.-China trade dispute and ongoing supply cuts. Brent crude futures for March delivery, the new front month contract, were down 11 …
Continue reading “Oil prices edge down but set for biggest yearly rise since 2016”
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Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories. Brent futures rose 24 cents, or 0.4% to $63.96 a barrel by 0242 GMT, after …
Continue reading “Oil prices gain as OPEC revises deficit forecast”
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RBL Bank on Friday said it has raised Rs 2,025.27 crore from institutional investors through a qualified institutional placement offering (QIP) and will utilise the proceeds to fund business growth. In a statement RBL Bank said “it has successfully concluded the QIP of Rs 2,025 crore at an issue price of …
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Ujjivan Small Finance Bank IPO to raise up to Rs 750 crore kicked off for subscription today. Ujjivan SFB IPO will remain open till 4th December, Wednesday. The issue received bids for 2.06 crore shares, as against the issue size of 12.39 crore shares, a subscription of 17% so far, data …
Continue reading “Ujjivan Small Finance Bank IPO subscribed 17% so far on Day 1: Should you invest?”
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Shares of ICICI Securities jumped nearly 5 per cent in early trade on Friday after the company settled charges of alleged violation of stock broker norms, without admission or denial of any wrongdoing, with markets regulator Sebi. On the BSE, the stock opened at Rs 332.25 and gained 4.77 per cent to …
Continue reading “ICICI Securities shares rally nearly 5 per cent after co settles case with Sebi”
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