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An analysis published on 19 May by Venugopal Garre and Nikhil Arela of Bernstein, a global brokerage, said that the price increases by OMCs so far are the second-lowest among the previous hike cycles. During the 2022 energy crisis, sparked by...
Over the week, petrol and diesel prices have been hiked by nearly ₹4 per litre. With crude still at over $100 a barrel and no end in sight to the West Asia war, some analysts say fuel prices must go ₹11-14 higher to cover retailer losses. Mint...
PM Modi has warned that global crises risk pushing large populations back to poverty. Estimates show that after significant gains, extreme poverty rose during covid-hit years. The ongoing energy crisis could make projections worse.
They’re naturally among the first to be affected. Bajaj Auto says the anticipation of fuel price hikes is already dampening sentiment. Commercial vehicle makers also expect fleet operators to defer buys until prices stabilize. Industry...
As the [financial services] sector evolves, institutions with diversified platforms, strong governance and technology-led execution are increasingly shaping the trajectory of growth.
Because oil marketing companies (OMCs)—Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd— are still making losses on petrol and diesel sales. Crude prices have topped $100 a barrel from around $70 before the...
With the total cost of owning a petrol or diesel vehicle rising, there is an expectation that electric vehicle (EV) sales will increase in the coming months. There are already signs of an uptick, with two-wheeler EV penetration at 7.8% in...
