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Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel Jio Financial Services Limited shares have been valued at Rs 261 apiece; which makes the soon-to-be-listed company India's 32nd most valuable companies. Reliance Industries had kept July 20 as the record date for allotment of its demerging Financial Services business to be named as Jio Financial Services Limited (JFSL). Accordingly, the shareholders of Reliance Industries Limited as on July 20 are set to receive the shares of the newly created JFSL in 1:1 proportion. Thanks to th...
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Source: IANS
20/07/2023 4:40:05 PM
Exclusive-India refiners start yuan payments for Russian oil imports Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments. Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions. Th...
Exclusive-India refiners start yuan payments for Russian oil imports
Exclusive-India refiners start yuan payments for Russian oil imports
Source: Reuters
3/07/2023 3:50:25 PM
Praj Industries jumps on getting in- principle approval for forming JVC with Indian Oil Corporation Praj Industries is currently trading at Rs. 383.55, up by 26.75 points or 7.50% from its previous closing of Rs. 356.80 on the BSE. The scrip opened at Rs. 376.10 and has touched a high and low of Rs. 384.75 and Rs. 372.30 respectively. So far 47952 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 461.50 on 11-Oct-2022 and a 52 week low of Rs. 289.05 on 26-May-2022. Last one week high and low of the scrip stood a...
Praj Industries jumps on getting in- principle approval for forming JVC with Indian Oil Corporation
Praj Industries jumps on getting in- principle approval for forming JVC with Indian Oil Corporation
Source: Accord Fintech
26/05/2023 10:04:09 AM
140th IOC Session to be held in Mumbai in October The International Olympic Committee (IOC) has announced that the 140th IOC Session will be hosted in Mumbai, India on October 15-17. New Delhi held the 86th edition of the IOC Session 40 years ago in 1983. The IOC Members made the decision to hold the 140th edition in India at the 139th IOC Session in Beijing last February, reports Xinhua.  
140th IOC Session to be held in Mumbai in October
140th IOC Session to be held in Mumbai in October
Source: IANS
7/03/2023 11:50:14 AM
Shreeji Translogistics trades higher on the BSE Shreeji Translogistics is currently trading at Rs. 440.30, up by 9.55 points or 2.22% from its previous closing of Rs. 430.75 on the BSE. The scrip opened at Rs. 430.75 and has touched a high and low of Rs. 469.00 and Rs. 430.75 respectively. So far 55159 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 509.10 on 14-Nov-2022 and a 52 week low of Rs. 47.50 on 25-Nov-2021. Last one week high and low of the scrip s...
Shreeji Translogistics trades higher on the BSE
Shreeji Translogistics trades higher on the BSE
Source: Accord Fintech
15/11/2022 3:28:42 PM
Indian Oil aims to restart naphtha cracker by mid-December Indian Oil Corp, the country's top refiner, plans to resume operations at its Panipat naphtha cracker in northern India by Dec. 15, a company executive said on Thursday, after a scheduled turnaround that started in the last week of September. "After the annual turnaround, we plan to bring it back (into operations) by mid-December," A. S. Sahney, executive director of petrochemicals, told Reuters at an industry event. The naphtha cracker at IOC's Panipat plant annually ...
Indian Oil aims to restart naphtha cracker by mid-December
Indian Oil aims to restart naphtha cracker by mid-December
Source: Reuters
10/11/2022 8:40:25 PM
Key News: IDBI Bank, NDTV case, IOC, GIC Housing Finance, Govt asks Byju, Debt ratio - ARETE Securities Key News IDBI Bank's CEO says the lender can recover $2.4 billion in bad loans IDBI Bank Ltd.’s chief executive officer said the lender is likely to recoup 195 billion rupees ($2.4 billion) on soured debt in his pitch to potential buyers amid India’s planned auction of the firm. “We are sitting on about 780 billion rupees of fully provided for bad loans, including written-off loans, and around 25 per cent is likely to be recovered,” Rakesh Sharma said in an i...
Key News: IDBI Bank, NDTV case, IOC, GIC Housing Finance, Govt asks Byju, Debt ratio - ARETE Securities
Key News: IDBI Bank, NDTV case, IOC, GIC Housing Finance, Govt asks Byju, Debt ratio - ARETE Securities
Source: ARETE Securities Ltd
26/08/2022 9:56:10 AM
India`s top refiner to spend $25 billion for 2046 net-zero goal Indian Oil Corp, the country's top refiner, plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman S. M. Vaidya said at an annual shareholders meeting on Thursday. India, one of the world's biggest greenhouse gas emitters, is aiming to reach net-zero emissions for the country by 2070. "The company is embarking on a decarbonisation journey that will be crucial not only for the company’s destiny but also for the planet...
India`s top refiner to spend $25 billion for 2046 net-zero goal
India`s top refiner to spend $25 billion for 2046 net-zero goal
Source: Reuters
25/08/2022 12:46:36 PM
Indian Oil aims to restart Paradip refinery from mid-Sept -sources  Indian Oil Corp will restart crude processing at its 300,000 barrel per day Paradip refinery in eastern Odisha state from mid-September after a 45-day maintenance turnaround, two industry sources said on Tuesday. The refinery has one crude unit. While the crude unit was shut from Aug. 1, the naphtha hydrotreater, continuous catalytic reformer, diesel hydrotreater, coker and alkylation units were shut sequentially. IOC did not respond to an emailed request for comment.
Indian Oil aims to restart Paradip refinery from mid-Sept -sources
Indian Oil aims to restart Paradip refinery from mid-Sept -sources
Source: Reuters
16/08/2022 3:01:42 PM
India achieves target to supply 10% ethanol-blended petrol; targets to double it by 2025-26 India has achieved the target of supplying 10 per cent ethanol-blended petrol five months ahead of schedule. This translates into a forex impact of over Rs 41,500 crore, reduced greenhouse gas (GHG) emissions of 27 lakh tonnes and has also led to the expeditious payment of over Rs 40,600 crore to farmers. In order to cut oil import dependence and address environmental issues, the country is aiming to double the blend by 2025-26. The original target for doping 10 per cent ethanol, extracted fr...
India achieves target to supply 10% ethanol-blended petrol; targets to double it by 2025-26
India achieves target to supply 10% ethanol-blended petrol; targets to double it by 2025-26
Source: Accord Fintech
6/06/2022 9:38:56 AM
Only 0.02 per cent tested Covid+ within Olympic community: Bach  The 2020 Olympic Games are the most restricted sporting event ever in the world, as the Olympic village probably is the most tested community in the world, International Olympic Committee (IOC) president Thomas Bach has claimed. With the Tokyo 2020 reaching the halfway mark on Friday, the IOC chief expressed his satisfaction over the Games so far. "I think we can be very satisfied with the results of our countermeasures, the playbook, the worldwide initiative for vaccination, fo...
Only 0.02 per cent tested Covid+ within Olympic community: Bach
Only 0.02 per cent tested Covid+ within Olympic community: Bach
Source: IANS
31/07/2021 11:54:31 AM
Olympians to undergo daily Covid tests at Tokyo Games The International Olympic Committee (IOC) and Japanese organisers agreed on Wednesday to test Olympic athletes for the coronavirus on a daily basis, as they have updated the playbooks during a five-party meeting. "In principle, athletes and all those in close proximity with athletes will be tested daily," read a statement issued after the meeting among the IOC, Tokyo organisers, Tokyo's city government, the Japanese government and the International Paralympic Committee, DPA r...
Olympians to undergo daily Covid tests at Tokyo Games
Olympians to undergo daily Covid tests at Tokyo Games
Source: IANS
29/04/2021 12:28:39 PM
No IOC confirmation for Bach visit to Japan in May The International Olympic Committee (IOC) on Sunday didn't confirm another visit of its president Thomas Bach to Japan ahead of the Tokyo Olympics. An IOC spokesman said that no dates have been set for such a visit, DPA reported. Citing sources close to the matter, Japan's Kyodo news agency had reported on Saturday that Bach would attend a torch relay ceremony in Hiroshima on May 17 and meet with Japanese Prime Minister Yoshihide Suga the next day. Talks with Tokyo governor Y...
No IOC confirmation for Bach visit to Japan in May
No IOC confirmation for Bach visit to Japan in May
Source: IANS
19/04/2021 9:39:26 AM
IOC chief applauds cancer survivor swimmer for qualifying for Tokyo The International Olympic Committee (IOC) president Thomas Bach has congratulated cancer survivor Japanese swimming icon Rikako Ikee after she qualified for her country's 4x100m medley relay team for the Tokyo Olympics. "Olympians never give up. Congratulations to cancer survivor Rikako Ikee for qualifying for the Tokyo Olympics only two years after being diagnosed with leukaemia. Can't wait to see you in Tokyo @rikakoikee," Bach tweeted late on Sunday. Ikee was diagno...
IOC chief applauds cancer survivor swimmer for qualifying for Tokyo
IOC chief applauds cancer survivor swimmer for qualifying for Tokyo
Source: IANS
6/04/2021 10:57:58 AM
Athens to host 138th IOC Session in 2025 The International Olympic Committee (IOC) has announced Athens as the host of its 138th Session in 2025 after the Greek capital could not stage the current meeting due to the Covid-19 pandemic. The IOC Session unanimously approved the proposal at its virtual meeting on Thursday, said a statement. The 2025 Session will see the election of a new IOC President when Thomas Bach's second and final term ends. Bach was re-elected on Wednesday. The next IOC Session is also scheduled ahea...
Athens to host 138th IOC Session in 2025
Athens to host 138th IOC Session in 2025
Source: IANS
12/03/2021 2:47:50 PM
IOC may monetise hydrogen units to raise Rs 10K Cr Country's largest public sector refiner Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes in it to the private sector to raise close to Rs 10,000 crore. The plan is in line with government's asset monetisation programme where it wants PSUs to identify non-core assets that could be sold to raise resources for next wave of investments. Government sources said that IOC ...
IOC may monetise hydrogen units to raise Rs 10K Cr
IOC may monetise hydrogen units to raise Rs 10K Cr
Source: IANS
6/03/2021 2:16:07 PM