Russia’s Vital Oil Trade With India Is Down
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Indian Oil Corporation Ltd drops for fifth straight session
Indian Oil Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 166.04, down 0.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is
IOCL board will meet on December 12 to consider and approve a proposal for an interim dividend. This will be first interim dividend of the current financial year and second after bonus issue.
India's state-run ONGC is set to keep its 20% stake in the Russian Sakhalin-1 oil project after being allowed to pay its required abandonment fund contribution in rubles using its previously frozen dividends.
IST, the barometer index, the S&P BSE Sensex, jumped 112.28 points or 0.13% to 85,721.79. The Nifty 50 index rose 7.05 points or 0.03% to 26,212.35.
Several companies remain in focus due to regulatory updates, fund-raising moves and strategic business actions.
India is increasing imports of Russian crude by shifting purchases to non-sanctioned suppliers, narrowing discounts but keeping volumes high despite new U.S. restrictions.
Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is ...