Surat: At least 50 textile businessmen were cheated of Rs six core by eight traders and brokers who purchased the greige fabric from them but did not .
Puneet Vidyarthi of CASE New Holland appointed President of RMAI adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel.
A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said.
Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
US Fed Rate Hike: Any hawkish commentary from the US central bank threatens to initiate a further rally in the dollar index, ending the party of FII flows into India and other emerging markets