Electronic chip maker Intel’s investment arm, Intel Capital, will buy 0.39 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 1,894.50 crore, the company said on Friday. Intel Capital is the12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount […]
Gold prices slipped on Thursday, easing from a near eight-year high hit in the previous session, as strong U.S. data and hopes for a potential Covid-19 vaccine dented safe-haven sentiment. FUNDAMENTALS – Spot gold fell 0.2% to $1,767.11 per ounce by 0034 GMT, after touching $1,788.96 on Wednesday — its highest since October 2012. – […]
The recent spurt in diesel price has hit the transport vehicle sector and industries relying on this petroleum product for operations. This coming at a time when the international petroleum prices are at their lowest, to which our domestic prices are linked. There has been a sharp hike in the domestic price because both the central […]
The rupee appreciated 13 paise to 75.45 against the US dollar in early trade on Tuesday tracking weakness in the greenback and gains in the domestic equity market. Forex traders said positive domestic equities and weak US currency supported the local unit, while foreign fund outflows and concerns over rising Covid-19 cases weighed on investor […]
State-run oil marketing companies raised the prices of petrol and diesel on Monday, a day after there was no hike in rates that were increased continuously for three weeks. Auto fuel prices were not hiked on Sunday for the first time since June 7 when oil marketing companies resumed the daily revision of rates after […]
Prices of petrol and disease went up on Saturday as oil companies continued to raise the fuel rates in line with costs. Petrol price has been increased by 25 paise per litre and diesel by 21 paise per litre in Delhi, according to a price notification of state oil marketing companies. Customers will have to […]
Petrol price in the national capital on Friday crossed Rs 80 per litre mark, for the first time in more than two years, as oil companies continue to raise petrol and diesel prices in line with costs. Oil companies hiked petrol price by 21 paise per litre and diesel by 17 paise a litre, according […]
The fuel prices continue to increase across the country. On Thursday, oil marketing companies raised price of petrol by 16 paise a litre and diesel by 14 paise a litre. After the increase, petrol was retailing at Rs 79.92 in New Delhi and diesel was selling at Rs 80.02 a litre. The diesel price increased […]
India’s oil imports in May hit the lowest since Oct 2011 as refiners with brimming storage cut purchases after a continuous decline in fuel demand, preliminary data obtained from industry sources showed. In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from […]
New Delhi: Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise as the oil companies increased prices for the 17th day in a row that took the cumulative increase to a steep Rs 8.5 and Rs 10.01 per litre, respectively. Petrol price in Delhi was hiked to Rs 79.76 […]