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Investors richer by Rs 2.9 lakh crore as bulls return to D-Street ahead of long weekend


Investors richer by Rs 2.9 lakh crore as bulls return to D-Street ahead of long weekend
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The S&P BSE Sensex index jumped as much as 1.18% to touch 50,092.48 during the session.
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NEW DELHI: Metals shone and financial stocks were under spotlight lifting equity benchmarks higher on Thursday ahead of a long weekend. A huge infrastructure spending plan in the US, and superb GST numbers and capital infusion by the government back home boosted the morale of Dalal Street investors.
Strong buying interest was witnessed in bank, metal and tyre stocks in afternoon trade, as record GST collections in March perked up the market sentiment. The rollout of Covid-19 vaccines for those above 45 years of age also lifted the mood in the market, said analysts. ....

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RIL-BP consortium seeks bids for sale of additional gas from KG D6 basin


RIL-BP consortium seeks bids for sale of additional gas from KG D6 basin
RIL and BP Exploration Alpha Ltd are currently producing and developing deep water gas fields in the KG D6 block under the production sharing contract with the Indian government.
BusinessToday.In | April 1, 2021 | Updated 17:01 IST
In December, the companies had announced start of production from R Cluster, an ultra-deep-water gas field in block KG D6.
Reliance Industries Ltd (RIL), along with its partner BP, has sought bids from companies to sell the additional gas produced from KG D6 basin off the east coast of India.
RIL and BP Exploration Alpha Ltd are currently producing and developing deep water gas fields in the KG D6 block under the production sharing contract with the Indian government. ....

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CORRECTED-Venezuela rations diesel supply to truckers as fuel shortages worsen


(Corrects that president of Regional Freight Chamber said service stations, not PDVSA, were limiting supply, paragraph 8)
VALENCIA, Venezuela/MARACAY, Venezuela, March 7 (Reuters) - V enezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low domestic refining output and scarce imports amid U.S. sanctions squeeze fuel supplies.
Frustrated truckers blocked a highway in the central state of Maracay in protest over the shortages on Friday, social media images showed. Industry groups said the unprecedented rationing would create delays delivering goods to markets in the OPEC nation, reeling from a prolonged economic crisis. ....

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Gas price for ONGC remains at decade low of $1.79, falls 11% for RIL-BP