INDIAN OIL CORPORATION LTD Q4 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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Urban Company IPO risks explained: 12 warnings on operations, regulations and valuation
Urban Company's upcoming IPO, opening September 10, carries inherent risks for investors. The Red Herring Prospectus highlights concerns including sustained losses, intense competition, and high marketing costs. Dependency on gig workers, legal and regulatory challenges, and potential data security breaches also pose threats. Furthermore, reliance on limited service categories and geographic concentration could impact business.
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.
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 stock futures: S&P and Nasdaq gain while Dow dips — here are the top stocks to watch as traders eye jobs report
US stock market futures traded mixed this morning, with the S&P 500 and Nasdaq inching higher while the Dow slipped as investors turned cautious ahead of Thursday’s key jobs data. A stronger showing from tech giants like Apple and Alphabet kept momentum alive, but weak guidance from Salesforce and jitters in global markets signaled that traders are balancing optimism with caution.
The energy transition is now a national security issue. Just ask India
India faces scrutiny over Russian oil imports, highlighting energy security concerns. The nation heavily relies on oil imports but is more self-sufficient in electricity, mainly from coal and renewables. While oil dependence seems strong, boosted by discounted Russian oil, India is pushing for electrification and renewable energy.
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.
Dividend stocks: 60 stocks including ONGC, OIL go ex-dividend tomorrow – last chance to buy!
Investors aiming for dividend payouts from PSUs should note today's deadline. Buying shares of Oil India Limited, NTPC, and ONGC today ensures eligibility for final dividends. These stocks will trade ex-dividend tomorrow, September 4, 2025. Several other companies, including A-1 Limited and AIA Engineering Limited, have also declared dividends with the same record date.
PM Modi calls out 'economic selfishness' of other nations; lauds India's GDP growth
Prime Minister Narendra Modi on Tuesday hailed India’s 7.8% GDP growth in Q1 FY26, saying the country has remained resilient amid global uncertainties and “economic selfishness.” He described the growth as broad-based and visible across all sectors, saying it strengthens India’s path to becoming the world’s third-largest economy.
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.
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.
Not time for Trump card: Q1 growth shows why a measured, targeted response is the best answer to tariff-induced pain
India's Q1 GDP growth of 7.8% presents a dilemma for policymakers amidst global uncertainties, particularly Trump's tariffs. While the economy shows resilience, a hasty stimulus package risks fiscal slippage and inflation.
IOC's Project SPRINT starts to show results, company gains retail dominance
Indian Oil Corporation's Project SPRINT is yielding positive results, enhancing refinery performance and regaining fuel retail leadership. IOC is expanding refining capacity to 98.4 million tonnes by 2028 and its pipeline network to 22,000 km. The company is also investing significantly in petrochemicals and renewable energy to achieve net-zero emissions by 2046, allocating ₹1.66 lakh crore over five years.
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.
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.
Goldman Sachs expects Brent to decline to low $50s by late 2026
Goldman Sachs predicts a drop in Brent crude prices. The investment bank anticipates prices falling to the low $50s by late 2026. This decline is attributed to a growing oil surplus expected next year. Global oil stocks are projected to rise significantly. OECD countries will hold a substantial portion of these stocks.
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