Indian Oil Corporation Ltd. (IOC) and Bharat Petroleum Corporation Limited (BPCL) have been fined by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for the fifth successive quarter over non-compliance with the number of independent directors on the board of the domestic oil majors, reported the Times of India on Sunday, August …
The Reserve Bank of India has granted its approval for the appointment of Pradeep Kumar Sinha as the Part-time Chairman of ICICI Bank. Sinha is set to assume this role for a term of three years, starting from July 1, 2024.Sinha will step into the position vacated by G. C. Chaturvedi, who is due to …
The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
BPCL, HPCL, IOC: Kotak Institutional Equities said Nifty constituent BPCL and non-Nifty component HPCL (Nifty constituent ONGC owns stake in HPCL) alone will contribute 31 per cent of the incremental Nifty profits in FY24, adding that oil marketing companies (OMCs) could drag down overall profits, as things normalise in FY25. Kotak Institutional Equities is assuming …
Bharat Petroleum Corporation share price gained more than 5% in morning trades to scale 52-week highs. Jefferies India Pvt Ltd has upgraded the BPCL stock to BUY with a target price of ₹890 . Since the BPCL share price is trading at close to ₹670 levels, the Jefferies target price for BPCL indicates more than …
Indian shares rebounded in the final two hours of trade on Wednesday, led by a jump in public sector enterprises on the back of comfortable valuations while a drop in IT stocks after hot US inflation data capped the gains. The NSE Nifty 50 index rose 0.45% to 21,840, while the S&P BSE Sensex settled …
Bharat Petroleum Corp Ltd (BPCL) shares jumped 2 per cent intraday on November 29 after the board of the oil marketing company approved an interim dividend of Rs 21 or 210 per cent per equity share of a face value of Rs 10 for the financial year 2023-24. Record date for the interim dividend has …
As the ICC World Cup 2023 approaches, Disney Star on Wednesday revealed its 26 sponsors, featuring prominent brands including — PhonePe, Mahindra and Mahindra Ltd, Dream11, Hindustan Unilever, Coca-Cola, Havells, IndusInd Bank, Pernod India, Booking.com, Peter England, Kingfisher Packaged Drinking Water, Mondelez, Emirates, Diageo, Jindal Panther, MRF Tyres, LendingKart, BPCL, Herbalife, Haier Appliances, AMFI, Google …