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18 November, 2017 5:46 AM Government Raises Import Tax On Edible Oils

India doubled the import tax on crude palm oil to 30 percent, while the duty on refined palm oil has been raised to 40 percent from 25 percent earlier The world's biggest importer of edible oils also raised the import tax on crude soyoil to 30 percent from 17.5 percent earlier. It raised the import tax on refined soyoil to 35 percent from 20 percent 26

16 November, 2017 11:29 AM Sensex reclaims 33k, rallies 346 points as RIL, Infosys jump

The Sensex staged a strong comeback to reclaim the key 33,000-mark by surging over 346 points to close at a one-week high of 33,107 today. In the process, it reversed its three-session losing spell as Reliance Industries led the rally after global crude prices dropped. Infosys jumped the most. The Sensex opened hit the day’s high of 33,165.15 before 22

14 November, 2017 3:30 AM Indian rupee opens higher at 65.33 per dollar

In USD-INR, some amount of consolidation will now happen around the 65.50 pivot as global crude prices remain elevated and West Asian tension takes its toll, says Bhaskar Panda of HDFC Bank. The Indian rupee opened higher by 9 paise at 65.33 per dollar on Tuesday versus 65.42 Monday. Bhaskar Panda of HDFC Bank said, "The dollar index has steadied as US lawmakers 30

12 November, 2017 4:30 PM Finished steel exports surge 45% in October; imports rise 11.5%

New Delhi: Export of on Sunday finished steel saw an annual jump of 45 per cent to 0.778 million tonnes during October 2017, according to official data. The overall exports of finished steel stood at 0.537 million tonnes in the same month last year, according to Joint Plant Committee's latest report. "Export of total finished steel was up by 57.7 per cent in April-October 38

9 November, 2017 7:21 PM Mumbai: AIU intercepts two Korean passengers with gold worth Rs 53 lakh

The accused have been identified as Juhyung Ahn and Young Yeo Yoo. Mumbai: The Mumbai Air Intelligence Unit (AIU) officers on Thursday intercepted two Korean passengers at the Mumbai Airport and seized gold worth Rs. 53 lakh. A personal search of the passengers resulted in the recovery of two crude gold chains, two crude gold belt, buckles and two cut pieces 35

9 November, 2017 4:28 PM HPCL Q2 net soars 147%

State-owned Hindustan Petroleum Corp. Ltd. (HPCL) on Thursday reported a 147% jump in its second-quarter net profit on account of higher refinery margins and inventory gains. Net profit in July-September at ₹1,735 crore was 147% higher than ₹701 crore in the same period a year ago, HPCL CMD Mukesh K. Surana told reporters here. The company earned $7.61 on turning 41

9 November, 2017 9:28 AM Hindustan Petroleum Second Quarter Results Miss Estimates

Sales grew 13 percent to 541.53 billion rupees in the quarter. Net profit for the three months ending Sept. 30 soared to 17.35 billion rupees ($267 million) from 7.01 billion rupees a year earlier, the company said in a filing on Thursday. Analysts on average had expected a profit of 20.58 billion rupees, according to Thomson Reuters Eikon data. Average 31

9 November, 2017 9:08 AM Buy Pidilite Industries; sell Eicher Motors, UltraTech Cement: Ashwani Gujral

Ashwani Gujral of advises selling Eicher Motors and UltraTech Cement. Ashwani Gujral of told CNBC-TV18, "Pidilite Industries has completed a correction. That is a buy with a stoploss of Rs 790, target of Rs 825. Eicher Motors is a sell with a stoploss of Rs 31,000, target of Rs 29,800. UltraTech Cement is a sell with a stoploss 20

9 November, 2017 7:10 AM Venezuela’s PDVSA misses debt payments, used Russian bank to pay ONGC: sources

PDVSA has made no payment since April on what was a $540 million backlog of dividends owed to ONGC. Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions 39

7 November, 2017 2:36 PM Aviation stocks drop up to 4.5 pc on rise in crude oil prices

SpiceJetAviation stocks, led by SpiceJet, today tumbled up to 4.5 per cent due to rise in crude oil prices. The scrip of SpiceJet dropped 4.55 per cent to close at Rs 141.60 and Jet Airways slipped 3.43 percent to Rs 601.35 on BSE. Shares of InterGlobe Aviation too fell by 2.79 percent to end at Rs 1,209.40. Oil prices climbed 3.5 percent overnight to quote 36