HPCL Q1 results: Oil company reports record loss of Rs 10,196 cr - here's why
India TV News Desk | August 06, 2022 21:18 ISTHPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.
HPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.
The countersuit by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.
The 30-share BSE Sensex ended 89.13 points or 0.15 percent higher at 58,387.93 after facing volatility during the fag-end of trade. During the day, it climbed 350.39 points or 0.60 percent to 58,649.19. The broader NSE Nifty went up by 15.50 points or 0.09 percent to finish at 17,397.50.
PNG price hike: The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas.
The RBI governor said the financial stability, macroeconomic stability and resilience of growth is being witnessed despite two Black Swan events happening one after the other and multiple shocks.
RBI monetary policy: The RBI expects growth in the first quarter of the current fiscal at 16.2 per cent, which will taper to 4 per cent by the fourth quarter.
The latest RBI action follows the Bank of England raising rate by 50 basis points, the biggest hike in 27 years, to 1.75 per cent.
RBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
The rupee on Wednesday had slumped by 62 paise to close at 79.15, marking its worst single-day fall in the current fiscal year.
Walmart news: The news of layoffs at Walmart came as after the company recently slashed its profit outlook due to inflation.
Elon Musk-Twitter news: Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court on Wednesday.
The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.
Delhi News: The decision was taken during a meeting of the urban body chaired by Lt Governor V K Saxena, who also gave nod to several other key proposals, including relaxing norms for owing a DDA flat by members of the economically weaker section (EWS) of the society.
Reliance Industries improved its rank by 51 places to 104 from its previous year's rank of 155. India has nine companies in the Fortune's Global 500 list -- five from the public sector, and four from the private sector.
SpiceJet's Rs 50 crore bank guarantee will soon be released by the Airports Authority of India (AAI), following the airline clearing all its principal dues.
CNG, PNG price hike: Rising prices have forced suppliers and distributors to cut down on industrial supplies for the past many weeks. This is the sixth price hike since April this year.
DA hike will benefit a total of 1,88,494 people, including 1,04,683 regular employees and 80,855 pensioners.
The BSE benchmark had ended 20.86 points or 0.04 per cent higher at 58,136.36 on Tuesday. The Nifty ended at 17,345.45, up 5.40 points or 0.03 per cent.
RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters.
Windfall tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.
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