INDIAN OIL CORPORATION LTD Q2 RESULTS
Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model here
Audi India has reduced prices across its models by Rs 2.6–7.8 lakh, passing on GST 2.0 benefits. The Q3 now starts at Rs 43.07 lakh, while the Q8 begins at Rs 1.1 crore. Prices of Q5, Q7, A4, and A6 are also lower. Audi said the move makes its cars more accessible before the festive season.
India’s state-owned refiners seek to fully revive Russian crude buys despite US pressure
Despite US pressure, Indian state-owned oil refiners aim to revive discounted Russian crude purchases. However, a lack of available cargoes due to redirection to China and increased competition from other nations is hindering these plans. While India intends to continue buying Russian oil, imports have already decreased, and further declines are expected as China increases its intake.
Indian Oil Corp says Russia's spot oil supply is normal
Indian Oil Corp said Russian oil continues to trade at a $2–$3 per barrel discount to Dubai crude for Indian deliveries. India remains the largest buyer of Russian seaborne crude despite U.S. pressure. August imports fell to 686,850 bpd from July’s 1.34 million bpd as state refiners paused purchases due to narrower discounts and high inventories.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
RBI may cut rates in December; bond market outlook turning positive: Bandhan AMC’s Suyash Choudhary
Amid global trade tensions, India's bond market outlook is improving. Suyash Choudhary anticipates potential RBI rate cuts due to contained inflation and growth uncertainties. He suggests that most negative factors impacting yields have subsided, creating attractive opportunities for fixed-income investors across the yield curve.
Bihar Dy CMs hail India's Hockey Asia Cup 2025 victory, calls it a proud moment for state
India won the Hockey Asia Cup Rajgir Bihar 2025 final. They defeated defending champions Korea 4-1. The victory sparked celebrations in Bihar. Deputy Chief Ministers lauded the team. India qualified for the FIH Hockey World Cup 2026. Hockey India announced cash rewards for players and support staff. Prime Minister Narendra Modi congratulated the Indian men's hockey team on their victory.
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OPEC+ set to raise oil output further from October, sources say
OPEC+ is poised to agree on further increasing oil output, potentially slowing the pace of increases from October due to weakening global demand. A deal to boost output from October would unwind a second tranche of cuts of about 1.65 million bpd, more than a year ahead of schedule.
Diabetes Type 2 treatment: This diet reduces risk of diabetes better than only low-fat diet
Diabetes Type 2 diet is a major concern. A new research study has shown that Mediterranean diet is helpful in reducing the risk of Diabetes Type 2.
Earnings recovery to drive market momentum: Mayuresh Joshi
Indian equity markets saw a 1% gain but stayed below 25,000, prompting analysis of underlying trends. GST rationalization is expected to boost volumes and margins from Q3, benefiting India Inc. Metals led sectoral gains, supported by potential US rate cuts and improved India-China ties. Despite positive indicators, markets remain cautious, awaiting earnings reset and resolution on US tariffs.
Knack Packaging IPO: Company files DRHP with Sebi, to raise Rs 475 crore from fresh issue
Knack Packaging has filed its DRHP with Sebi to raise Rs 475 crore via a fresh equity issue, along with an OFS of 70 lakh shares. Proceeds of Rs 435 crore will fund a new manufacturing facility in Gujarat. Systematix, IDBI, and Pantomath are lead managers.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources
Indian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The decision comes after previous purchases of U.S. oil, driven by a favorable arbitrage window. However, the landed cost of U.S. crude proved higher compared to other available grades.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
Reliance's Oil-to-Chemicals profit margins largely unaffected by Russian crude: Jefferies
Jefferies reports Reliance Industries' O2C profitability shows minimal dependence on Russian crude due to offsetting logistics costs. The company's O2C profitability is tracking a strong 15 per cent year-on-year growth in the first half of 2026, supported by firm auto fuel margins and European diesel spreads. Reliance maintains compliance with Western sanctions and can adapt to potential Russian crude sanctions.
US dollar Islamic bonds: What is it? As world's biggest oil company Aramco plans to raise $3-$4 billion for Sukuk that follows Shariah principles
Saudi Aramco during its earnings call in August said it planned to continue borrowing, adding that the company's balance sheet gearing was among the lowest in the industry.
India can be exporter of sustainable aviation fuel, says Civil Aviation Minister Naidu
India aims to become a major exporter of Sustainable Aviation Fuel. The nation possesses abundant biomass and agricultural residue for SAF production. Civil Aviation Ministry collaborates with ICAO and EU for SAF feasibility study. The study outlines a roadmap for sustainable fuel adoption. India targets blending SAF with aviation fuel, starting with 1% by 2027.
ETMarkets Smart Talk: Indian bonds to gain global standing after rating upgrade, says Kashyap Javeri
Emkay Investment Managers' Kashyap Javeri believes India's sovereign rating upgrade and inclusion in global bond indices will attract significant foreign portfolio inflows, enhancing its standing among emerging markets. While short-term allocations depend on global factors, sectors with export exposure and companies benefiting from lower capital costs stand to gain. Automobile, CDMO Pharma, and capital goods sectors present exciting investment opportunities.
ATF, commercial LPG prices cut as global benchmarks ease
Oil marketing companies have reduced the price of a 19 kg commercial LPG gas cylinder by Rs 51.50, effective September 1, bringing the new price in Delhi to Rs 1580. This cut offers relief to commercial consumers, continuing a trend of price reductions since June. Domestic cylinder prices, however, remain unchanged.
Global debt inflows set to rise as India’s credit profile strengthens: LIC MF’s Pratik Shroff
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
No significant impact on fuel efficiency of vehicles on account of higher blend of ethanol, say OMCs and carmakers
The govt had mandated all vehicles manufactured to be E20 (blended fuel with 20% ethanol and 80% petrol) material compliant April 2023 onwards and fully E20 compliant from April 2025.
India Playbook 2025: Proposed tariff imposition from US punishes Indian market despite resilient economy
Global equities rallied on US-Russia talks, but Indian markets lagged, with FIIs turning sellers amid tariff fears, weak Q1 topline growth and slowing consumption. Yet, GST reforms and discounted Russian oil imports may cushion the economy.
Canada Q2 growth shrinks for first time in 2 years as U.S. tariffs bite — is a recession ahead or can household spending bring relief?
Canada economy shrinks in Q2 2025 as U.S. tariffs hit exports harder than expected, pushing GDP down 0.4%. While auto and machinery exports tumbled, Canadians kept spending more on housing, food, and new vehicles, showing the domestic economy is still holding firm.
US stock market futures dip — Dow, S&P 500, Nasdaq in holding pattern ahead of the PCE inflation report — top gainers, losers, gold and oil trends today
U.S. stock futures slipped on Friday as investors turned cautious ahead of the crucial PCE inflation report, a release that could shape the Federal Reserve’s next rate move. With Wall Street fresh off record highs, the market is pausing to reassess risk as tech earnings disappoint and traders weigh the chances of a September rate cut.
India boosts US oil purchases on competitive prices, narrows trade deficit
Indian refiners are increasing U.S. crude oil purchases this month due to competitive prices, potentially reducing the trade deficit amid U.S.-India trade tensions. Indian Oil Corp, Bharat Petroleum Corp, and Reliance Industries have collectively bought millions of barrels of U.S. West Texas Intermediate crude.
Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
Nvidia earnings report: Nvidia topped Q2 estimates with record $46.7 billion revenue and a 59% profit jump, but shares fell as softer data center sales and cautious guidance sparked doubts about the AI rally’s durability.
Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Report
The Reserve Bank of India's interest rate cuts have lowered borrowing costs, boosting debt serviceability for companies, though benefits are uneven. A Bank of Baroda report indicates that while overall sales and profit growth have occurred, the crude oil and BFSI sectors significantly influence these trends.
India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?
The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.
US stock market surges as Nvidia nears all-time highs: Dow, S&P 500, Nasdaq rally as Wall Street awaits earnings
US stock markets edged higher as investors brace for Nvidia’s highly anticipated earnings. With Nvidia shares trading near all-time highs, the Dow, S&P 500, and Nasdaq are showing gains, fueled by excitement over AI chip growth and strong tech momentum. Traders are watching closely as Nvidia’s results could set the tone for the broader tech-driven rally this summer.
India Inc to report muted revenue growth of 5-6 pc in Q2: ICRA
ICRA projects a modest 5-6% revenue growth for India Inc. in Q2 FY2026, slightly up from the previous quarter. Stable operating profit margins are expected due to softening input costs, maintaining stable credit metrics. Geopolitical tensions and US tariffs continue to impact export-oriented sectors, while urban demand recovery remains slow despite resilient rural demand.
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