Auto Sector

According to the statistics, Reliance increased its purchases of Colombian and Mexican crude in May,

Analysts at IIFL Capital Services have highlighted prescription volumes and market share trends for the key US products, for Indian generic companies.

The company has also mobilised Rs 144 crore from anchor investors ahead the IPO on June 19 at the price of Rs 585 per share, upper end of the price band.

The company was severely impacted by the second pandemic wave and reported a net income of Rs 894.5 crore last fiscal year compared to a loss of Rs 1500 crore in FY22.

The airline is looking for between 4 billion and 6 billion ($122 million) in additional funding, according to a report from Reuters.

Spot gold remained steady at $1,932.93 per ounce. To $1,943.30, U.S. gold futures saw a 0.1% decline.

OMCs can potentially report highest ever earnings in FY24, if benefits of Russian crude sourcing were to sustain (GRM boost of US$2-3/bbl) and auto fuel margins unchanged.

The amount collected under the scheme will be invested only in debt and money market instruments and government securities.

The surge is because of the company's settlement with the market regulator regarding an alleged violation of regulatory norms

Petrol and Diesel prices in cities across India on 22-06-2023