ONGC reports highest net profit of ₹40,306 crore

[ad_1] ONGC becomes India’s second most profitable company behind Reliance Industries Ltd ONGC becomes India’s second most profitable company behind Reliance Industries Ltd On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of ₹40,305 crore in the fiscal […]

Continue Reading

Rupee gains 3 paise to 77.52 against U.S. dollar in early trade

[ad_1] Rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure on the domestic currency Rising crude oil prices in the international markets and continued foreign fund outflows kept the pressure on the domestic currency The rupee appreciated 3 paise to 77.52 against the U.S. dollar in the opening […]

Continue Reading

Sensex dives 1,155 points in early trade amid weak global markets

[ad_1] Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging 1,154.78 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also dampened sentiment. The 30-share BSE benchmark was trading 1,154.78 points lower at 53,053.75. The broader NSE […]

Continue Reading

Interest rate hike wasn’t surprising, timing was: Finance Minister Sitharaman 

[ad_1] The Finance Minister asserted that the rising cost of funds will not impact the government’s planned infrastructure investments The Finance Minister asserted that the rising cost of funds will not impact the government’s planned infrastructure investments Finance Minister Nirmala Sitharaman said the recent interest rate hike by the Reserve Bank was not surprising for […]

Continue Reading