BPCL to set up 1 GW renewable energy plant in this state
In a statement, BPCL said it has signed a memorandum of understanding (MoU) with the government of Rajasthan for setting up the renewable energy power plant. It, however, neither gave a timeframe nor investment that will be made in the project.
LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth
“We are confident in our understanding of the current methodology and rule out its inclusion in this review,” said Abhilash Pagaria, head - of alternative and quantitative research at Nuvama Wealth, in a report on Monday.According to Nuvama Wealth, until the merger got completed and fresh shares were credited to the shareholders, NSE considered L&T Infotech as an independent entity.
Divestments? Why there’s no point being myopic this Budget
A key positive would be a much-needed increase in FDI limits for PSU banks from the current 20%, which will help set the stage for potentially mobilising a large divestment pool, while also being aligned with intended reforms in the sector.
Havells can see certain amount of correction in valuations, says Dhananjay Sinha
But what we need to really look at from now on is that at such high valuations one has to really look at what is the trend in terms of volume growth because you know after a point of time when you have gained a lot of market share you become a proxy to the industry and hence your growth starts to taper off.
Recovery in marketing margins, lower oil prices to restore OMC profitability in FY24: Moody's
The three oil marketing companies (OMCs) did not change prices beginning April 6 despite cost of raw material rising. This led to the three booking a combined loss of Rs 21,000 crore during April-September 2022
Buy Bharat Petroleum Corporation, target price Rs 390: JM Financial
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 75316.46 Crore) operating in Gas & Petroleum sector.
Oil marketing companies gain as minister backs demand for compensation
Earlier this week, sources told CNBC TV-18 that oil marketing companies are now expecting a cash compensation of Rs 50,000 crore for the losses incurred in 2022
Wealth builders: 2 sectors making stock investors richer every year since 2016
The financial services index has disappointed only in 2013 and 2015 in the last ten years. The calendar year 2014 turned out to be the best one so far when the index zoomed over 57%. In the last seven years, the index has given double-digit returns in 2017, 2018, 2019 and 2021.
A decisive move by Nifty below 17,750 is likely to prompt traders to add fresh bearish bets, said technical analysts. Balkrishna Industries, Apollo Tyre, HDFC Life, ICICI General Insurance and, SBI Life, M&M, Cummins India, ABB are some of the stocks suggested by analysts for short-term trading.
No major spark in divestment-bound PSU stocks ahead of Budget, 5-year history shows
While IDBI Bank is in the process of divestment, with the government having already invited bids for strategic sale, the completion of the same in the current fiscal year remains doubtful.
India’s Green Hydrogen Mission: These companies have committed to transition
Even as details of how these incentives will be rolled out are yet to be announced, a host of private sector conglomerates have already made pitches to go big on green hydrogen.
Earnings season will start on a sombre note: Chakri Lokapriya
See the thing is basically if you look at the valuations of metal companies whether it is Tata Steel, Hindalco, Jindal Steel, they are all trading at extremely low valuations so that is not an issue. It is only the outlook for demand which is the concern. Now will China come out of COVID or not has been a big concern and the volumes coming out of China also make a big difference.
We hope to receive a good number of EOIs for IDBI Bank: Tuhin Kanta Pandey
Many times there is a demand for the stock as well, so you cannot say that the stock will not be available. But as I said that we will always keep in mind the interest of minority shareholders and will advise all the departments as well as the CPSEs to keep on adding value to their company, look at their performance and disinvestment strategy.
PSU pack on the block: Steer clear or load up ahead of Budget 2023?
The government may revive the proposal to sell stakes in more PSU banks in the next year’s Budget along with the divestment of BPCL which got stalled in the current fiscal
Don't get too carried away with short term moves in the market: Dinshaw Irani
You can already feel that when you talk to the managements, that caution is building in, they are talking about deferment of projects and stuff like that. They are talking about utilisations moving up and their outsourcing becoming more of a in-sourcing bit. So it is obvious that things are not looking that great.
Up 175% in 4 months! This multibagger stock announces stock split
The company board has approved sub-division of equity shares in a 1:5 ratio. This means that every share with a face value of Rs 10 each will be divided into five equity shares of a face value of Rs 2 each.
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 75706.92 Crore) operating in Gas & Petroleum sector.
Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 73863.06 Crore) operating in Gas & Petroleum sector.