Budget 2020

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways

NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep […]

Budget 2020

Jet fuel price cut by 3%

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3% in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by ₹1,887 per kilolitre, or 3%, to ₹58,374.16 per kl in the national capital, according to a price notification of […]

Budget 2020

December fuel demand rises to 11-month high

Diesel sales slip from year-earlier period for a second straight month dampening overall consumption. India’s fuel demand rose sequentially for the fourth straight month in December as the resumption of economic activity took consumption to a 11-month high. Still, demand was about 2% lower than pre-COVID levels. Total demand for petroleum products in December fell […]

Budget 2020

State Bank of India, Indian Oil Corporation launch co-branded RuPay debit card

MUMBAI: State Bank of India (SBI) and Indian Oil Corporation (IOC) on Thursday launched a co-branded contactless RuPay debit card. A customer, anywhere in the country, can get the card by visiting the SBI‘s home branch, the bank said in a release. It is a contactless card and transactions up to Rs 5,000 can be […]

Budget 2020

Fuel demand drops 3.6% year-on-year in November

Rises sequentially for 3rd straight month. India’s fuel demand fell 3.6% year-on-year in November, reversing the return to normal consumption levels attained in the previous month. Total demand for petroleum products in November fell to 17.83 million tonnes from 18.51 million tonnes a year earlier, provisional data published by the Oil Ministry’s Petroleum Planning and […]

Budget 2020

Vaccination rollout and rising fuel demand to help crude touch $52 in near term

The current optimism in the international crude oil market is a combination of actions taken by OPEC nations to balance supply as optimism over vaccines in different parts of the world is creating the stage for a bright spot in the global economy. US kick-starts the vaccination campaignThe US has kick-started the vaccine campaign and […]

Budget 2020

Fuel supply by Coal India to power sector drops 7% in Apr-Oct

The State-owned company had supplied 253.76 meric tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to government data The despatch of coal by CIL to the power sector declined 6.6% to 236.97 million tonne (MT) in April-October period of the ongoing fiscal. The State-owned company had supplied […]

Budget 2020

Market Watch: More fuel left in banking stocks? | The Economic Times Markets Podcast

Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Atul P. M and here are the top headlines at this hour. RBI working group suggests permitting large NBFCs to convert into banksRBI panel suggests raising cap on promoter stake in private banksSensex bounces back after 1-day hiatus, logs weekly […]