Oil Firm

Q2 adjusted net income $4.7 bn vs forecast $4.96 bn

Traders expect the central bank's interventions will keep sharp declines in the rupee at bay

Overall capex in the oil sector up by 18.6 per cent to Rs 1.33 trillion

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop

IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent

Indian Oil Corporation on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round.

Brent crude futures rose by 64 cents, or 0.8%, to $86.17 a barrel by 1105 GMT, following on from last Friday's 1.1% gain.

IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.

Officials in the know say this re­laxation was given during the first wave of the Covid-19 pandemic

A company needs to conclusively show that the consumer was negligent to refute any claim