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Weekly stock picks by Ajit Mishra of Religare Broking: Buy Dabur, HPCL
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Domestic petrol and diesel prices vary from state to state due to value added tax (VAT).
Petrol and diesel prices remained unchanged for eighth straight day on Wednesday (December 16). In the national capital, the price of petrol remained constant at Rs 83.71 per litre with effect from 6 am on Wednesday, and that of diesel was unchanged at Rs 73.87 per litre, according to Indian Oil Corporation, the country s largest fuel retailer. In Mumbai, petrol and diesel rates were at Rs 90.34 per litre and Rs 80.51 per litre respectively. In Delhi, petrol prices have been hiked by Rs 2.65 per litre and diesel prices, by Rs 3.40 per litre in the last 24 days. The fuel prices in Mumbai are the highest among metros.
$2 9 Billion Worldwide Thermic Fluids Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets com - Press Release
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JSPL appoints Mr. Hemant Kumar as CFO
Posted On: 2020-12-15 07:14:30 (Time Zone: Arizona, USA)
Mr. Hemant Kumar, has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Jindal Steel & Power Ltd with effect from December 15, 2020.
Mr. Hemant Kumar is an alumnus of Shri Ram College of Commerce and did B.Com (Hons.). He is a Fellow Member of the Institute of Chartered Accountants of India & Associate member of Institute of Cost Accountants of India. He has over 28 years of experience with leading industrial houses of India like Dalmia Cement, Jindal Saw Limited, Hero Motors and Hindustan Petroleum Corporation Limited and has been instrumental in efficient managing the treasury functions and largely responsible for handling a wide portfolio of corporate finance functions. He is associated with JSPL for more than 9 years and is a strategic planner with cross functional experience of working in close coordination with senior leadership teams
Source: Indian Oil
Oil companies align the domestic fuel prices with global benchmarks by considering the changes in the foreign exchange levels. Domestic petrol and diesel prices vary across states due to value-added tax (VAT).
The state-owned oil marketing firms Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum Corporation, which currently own the majority of fuel stations across the country, review the fuel prices on a daily basis, and implement any changes with effect from 6 am.
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Meanwhile, oil prices rose on Monday, pushing brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
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