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This week in Auto: Suzuki, Toyota to make electric cars in India, Lexus unveils NX 300h

5h moneycontrol
The electric vehicle bandwagon is picking pace in India now that two of the most dominant Japanese players have joined hands to make electric cars in the country. That, and a couple of key launches made headlines this week. Here is a wrap of all such developments from the auto world. (12-0)

Middle East, US Crude Oil Curbs Indian Appetite For African Supplies

18h rigzone
NEW DELHI, Nov 17 (Reuters) - India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.

Moody’s upgrades ratings of nine PSUs

20h livemint
New Delhi: In step with India rating upgrade, Moody’s Investors Service on Friday upgraded issuer ratings of nine state-owned firms including oil producer Oil and Natural Gas Corp. (ONGC), refiners Indian Oil Corp. (IOC) , Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL), power generator NTPC and gas utility GAIL (India). (6-0)

State oil firms betting on natural gas as next big thing

20h in.reuters
MUMBAI/NEW DELHI (Reuters) - India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. (43-0)

Middle East, U.S. crude oil curbs Indian appetite for African supplies

20h in.reuters
NEW DELHI (Reuters) - India’s imports of African crude oil in October plunged to their lowest in over four years, with the world’s No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.

Indian State Oil Firms Betting On Natural Gas As Next Big Thing

20h rigzone
MUMBAI/NEW DELHI, Nov 17 (Reuters) - India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix. (4-0)

Venezuela's PDVSA To Tap Oil Customers To Pay $449MM To ONGC

2017-11-15 rigzone
NEW DELHI, Nov 15 (Reuters) - Venezuela's national oil company PDVSA will use existing crude oil customers or new Indian state buyers as intermediaries to settle $449 million owed to India's ONGC Videsh Ltd, the Indian company said in a statement on Wednesday. (7-0)

BS VI policy: A clean-up plan or tall order?

2017-11-15 thehindubusinessline
The intention could be well meaning, but it is the abrupt shift in policy that is worrying. In a bid to clean up the foul air in Delhi, the Petroleum Ministry has decided to do its bit by directing the oil marketing companies to supply Bharat Stage VI fuel in the Capital from April 1 next year. (1-0)

Gulf Oil Lubricants expands Indian OEM partnerships

2017-11-14 thehindubusinessline
The rapidly growing lubricant company Gulf Oil Lubricants India Ltd is extending its partnerships in the automotive sector by signing on Bajaj Auto, Force Motors and Fiat, a source close to the company said. (14-0)

Bharat-22 ETF opens for anchor investors on Tuesday; Centre hopes to raise ₹8,000 crore through NFO

2017-11-13 thehindubusinessline
ICICI Prudential on Monday announced the much-awaited launch of Bharat-22 open ended exchange-traded fund, which is a part of the Centre’s disinvestment program worth ₹72,500 crore for FY18. (19-0)

Net1 launches one of the world's largest virtual card programs with MobiKwik and IDFC Bank

2017-11-09 marketwired
Over 260 million users will eventually have access to MobiKwik's virtual Visa prepaid card in phases, with 65 million existing users part of the first phase (69-0)

[Press] Global N Hexane Market is Poised to Reach US$ 1856.7 Mn by 2024 End

2017-11-07 oilvoice
According to the latest report published by Persistence Market Research titled, “Global Market Study on n-Hexane: Oil Extraction End-Use Segment to Dominate Consumption over the Forecast Period ,” the global n-Hexane Market is anticipated to witness a Y-o-Y growth of more than 3% in 2016. Increasing population coupled along with shooting refined oil demand is expected to propel the demand for n-Hexane. (31-0)

Market update: 95 stocks hit fresh 52-week high on NSE as midcaps outperform; Yes Bank top gainer

2017-10-30 moneycontrol
The Nifty as well as the Sensex continued to hold on to their respective morning gains with the Nifty adding 50 points or 0.49 percent while the Sensex gained 0.43 percent and was trading at 33,296.17. The Nifty midcap index continued to outperform the broader indices gaining 1.3 percent led by MRF, Bata India, Just Dial, IDBI Bank, Oriental Bank of Commerce and Voltas. (18-0)

Sensex, Nifty hit fresh highs as banks gain

2017-10-30 in.reuters
REUTERS - Indian shares rose to record highs on Monday as state-owned lenders extended a rally from the last week sparked by the government’s announcement of a $32.4 billion recapitalisation plan, while energy firms gained on higher crude prices. (4-0)

Market update: Maruti hits new 52-week high; SBI, Jet Airways top gainers, ICICI most active

2017-10-30 moneycontrol
The Indian equity market opened the week on a bullish note with the Nifty jumping 55.40 points or 0.54 percent while the Sensex gained 164.59 points at 33,2321.81. The Nifty midcap index was the outperforming sector which was up 1.18 percent led by Union Bank of India, Syndicate Bank, Bata India and Allahabad Bank. (9-0)