Fitch lower risks for credit metrics of Indian oil marketing firms

Feb 16, 2021

Mumbai (Maharashtra) [India], February 16 : The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India's...

CARS24 drives success with Rs 5,535 crore revenue and 3.6x gross margin boost in FY23

Oct 31, 2023

Gajendra Jangid, Co-Founder of CARS24, attributed this growth in gross margins to investments in technology and data science models.

South Korean refiners optimistic about refining margins, secure ample Saudi crude in January: S&P GCI

Feb 19, 2024

According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first quarter, feedstock managers ensured a steady flow of...

Asian refiners craft contingency plans amid Red Sea crisis: S&P GCI

Jan 19, 2024

While immediate impacts on near-term oil supplies appear limited, the situation has refiners contemplating alternative routes to ensure uninterrupted feedstock supply, potentially leading to...

India again slashes windfall tax on petroleum crude

May 16, 2024

India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to...

Union Bank of India profit jumps 61 pc in fourth quarter

May 07, 2023

In the reviewed quarter, the bank had strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in...