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CNG price may go up by Rs 4-6 on input supply cut

The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers -- a move that may result in Rs 4-6 per kg hike in the price of CNG sold......

Reliance net profit drops 5% in Q1 on weak O2C business

Reliance Industries Ltd, India's most valuable company, on Friday reported a 5 per cent drop in its June quarter net profit as lower fuel cracks and petrochemical margins outdid gains in telecom......

Optimism in stock of Mahanagar Gas appears fully priced in

Mahanagar Gas (MGL) has just hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) in the Mumbai Metro Area. The distributor raised prices by Rs 1.50 per kilogramme......

Analysts divided on GAIL's prospects; limited fresh gains in the offing

While most analysts are expecting poor results from oil marketing companies (OMCs) in the first quarter of 2024-25 (Q1FY25) and even in the first half (H1) of FY25, GAIL (India) could be an......

Higher output, reasonable valuations positive for ONGC

Upstream majors ONGC and Oil India (OIL) results for the January-March quarter (Q4) of FY24 suggest better production in future. Photograph: Amit Dave/Reuters But OIL missed its own production......

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