India’s natural gas sector witnessed a significant shift in May 2024, with a decline in LNG imports balanced by a rise in domestic production. According to data released by the oil ministry, LNG imports fell by 7.2% year-on-year, reaching 2,650 million metric standard cubic meters (MMSCM) compared to 2,854 MMSCM in May 2023. Domestic Production …
The Indian government has increased the windfall tax on domestically produced crude oil, aiming to manage domestic fuel supplies and counter rising global oil prices. Tax Hike Targets Refiner Margins Effective July 2nd, the windfall tax has been raised to ₹6,000 per metric tonne, up from ₹3,250. This tax, reviewed every two weeks, was introduced …
Provisional data released by the Ministry of Petroleum and Natural Gas reveals a mixed picture of fuel consumption in India for the month of June. While petrol and ATF (Aviation Turbine Fuel) witnessed growth, diesel sales experienced a slight decline. Petrol and ATF See Upward Trend Industry-wide petrol consumption increased by a healthy 4.2% year-on-year …
Indian banks have witnessed a significant increase in their borrowings through money markets and specific bonds during the April-June quarter (Q1 FY25). This 60% surge compared to the same period last year reflects tighter cash conditions and a rising cost of funds, marking a shift from the previous era of easy liquidity. Multiple Factors Driving …
In a move to protect investors and promote market integrity, the Securities and Exchange Board of India (SEBI) has announced new regulations for unregistered financial influencers, also known as “finfluencers.” Combating Unregulated Advice The decision comes amid growing concerns about the potential risks posed by influencers who offer financial advice and recommendations without proper oversight. …
The Securities and Exchange Board of India (SEBI) has penalised former senior management of Kwality Ltd for their role in misstating the company’s financial figures between 2017 and 2019. This action underscores SEBI’s commitment to protecting investors and ensuring market integrity. Fines Imposed and Market Access Barred SEBI imposed a total penalty of ₹3.75 crore …
For India, the monsoon is more than just rain; it’s a lifeblood. These seasonal showers are crucial for the country’s agricultural sector, which in turn impacts the entire economy and, you guessed it, the share market. So, this year, with predictions of above-normal rainfall, let’s dive into what that means for both your umbrella and …
The inclusion of Indian bonds in two key global indices – the JPMorgan Global Bond Index for Emerging Markets (GBIEM) and the Bloomberg Emerging Market (EM) Local Currency Government Index – marks a significant milestone for the Indian economy. This move, effective June 28, 2024, for GBIEM and phased in starting January 31, 2025, for …
The Reserve Bank of India’s (RBI) latest Financial Stability Report paints a positive picture of India’s financial landscape, highlighting the stability and strength of the banking system. Key Findings Healthy Asset Quality: Scheduled commercial banks (SCBs) have achieved a multi-year low in gross non-performing assets (GNPAs), reaching 2.8% as of March 2024. This indicates a …
The Securities and Exchange Board of India (SEBI) has announced significant reforms to the voluntary delisting process, offering companies a new fixed price mechanism as an alternative to the existing reverse book building (RBB) model. Fixed Price Option Enhances Transparency Under the new framework, companies seeking to delist their shares can offer a fixed price …
