
India Inc.’S Corporate Scorecard
Companies overcome global headwinds and domestic challenges to ride the growth train.
Companies overcome global headwinds and domestic challenges to ride the growth train.
Given a weak global macro outlook, reports indicate crude prices will stay sanguine in the $75-85 range for the year
Despite a steady fall in global crude oil prices, fuel prices have not reduced for retail customers in India since last year
India's public sector oil companies will set up 7,432 public fast charging stations across the country.
India's windfall tax on exports of locally-produced oil has helped reduce the state-owned refining and marketing companies' marketing losses, says Moody's.
The recent fall in international crude and product prices has helped state-owned OMCs to narrow their marketing losses.
ICICI Securities has downgraded state-owned oil retailer HPCL to “REDUCE” from “ADD”, BPCL to “ADD” (from “BUY”), while it retained “BUY” call on IOCL.
Fuel retailers kept petrol and diesel prices on hold for 137 days despite crude oil prices increasing by nearly $27 per barrel.
Petrol and diesel prices have been stagnant for the past 120 days, even as crude oil prices continue to rise. Meanwhile, OMCs' margins suffer the consequences.
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.