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India Scales Back Russian Oil Amid US Trade Talks

India Scales Back Russian Oil Amid US Trade Talks

Nov 15, 2025, 03:00 PM IST

India’s oil diplomacy appears to be entering a new phase. After nearly three years of dependence on discounted Russian crude, India’s biggest refiners, including Reliance, BPCL, HPCL, and Mangalore Refinery have not placed a single order for December delivery. The shift comes amid growing US pressure and Washington’s recent sanctions on Russia’s top oil producers, Rosneft and Lukoil. As India reduces Russian imports, a thaw in trade ties with the US is visible, with tariff rollbacks and a potential deal on the horizon. Simultaneously, New Delhi is turning to the Americas, Middle East, and Europe to secure new energy partnerships. Business Today TV decodes

Indian Oil, HPCL, BPCL: OMCs fall up 6% in 3 days; RIL manages to hold grounds

Indian Oil, HPCL, BPCL: OMCs fall up 6% in 3 days; RIL manages to hold grounds

Oct 24, 2025, 10:49 AM IST

Shares of oil marketing companies (OMCs) have been on a downtrend lately since the US president Donald Trump has warned and imposed sanctions on Russian oil.

MRPL shares jump 9% as company swings to profit in Q2 FY26

MRPL shares jump 9% as company swings to profit in Q2 FY26

Oct 16, 2025, 09:37 AM IST

The Mangaluru-based oil refiner posted a profit after tax (PAT) of Rs 638.67 crore in the second quarter of FY26, compared to a loss of Rs 682.32 crore in the same period last year.

Reliance Industries, Engineers India; MRPL: SMIFS see up to 55% upside in these 3 stocks

Reliance Industries, Engineers India; MRPL: SMIFS see up to 55% upside in these 3 stocks

Apr 02, 2025, 10:27 AM IST

Domestic brokerage firm SMIFS has suggested three stocks- Reliance Industries, Engineers India and Mangalore Refinery and Petrochemicals- to bet amid the scarce opportunities.

NTPC, Bharat Petroleum, MRPL: 3 stock picks from brokerages for short term gains

NTPC, Bharat Petroleum, MRPL: 3 stock picks from brokerages for short term gains

Mar 17, 2025, 10:13 AM IST

Ashika Global said that NTPC has found support at the 38.2 per cent retracement level of its entire rally from March 2020, indicating a potential bottoming out around the Rs 300 mark.

IRFC, HAL, BHEL, OIL, IRCON, NMDC Steel, REC, HUDCO, NBCC: Why PSU stocks are in bear grip

IRFC, HAL, BHEL, OIL, IRCON, NMDC Steel, REC, HUDCO, NBCC: Why PSU stocks are in bear grip

Feb 05, 2025, 10:53 AM IST

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

'Sell' Dixon Tech shares; 'Buy' APL Apollo, Can Fin & Karur Vysya: YES Securities

'Sell' Dixon Tech shares; 'Buy' APL Apollo, Can Fin & Karur Vysya: YES Securities

Jan 21, 2025, 11:29 AM IST

The brokerage assigned 'Add' calls for Paytm and Supreme Industries and maintained a 'Neutral' stance on Mangalore Refinery & Petrochemicals Ltd (MRPL).

RITES, IOB, UCO Bank, CIL, BOI, Canara Bank: PSU stocks that MFs, FPIs bought & sold in Q2 

RITES, IOB, UCO Bank, CIL, BOI, Canara Bank: PSU stocks that MFs, FPIs bought & sold in Q2 

Oct 09, 2024, 08:19 AM IST

Mangalore Refinery And Petrochemicals Ltd, Gujarat Mineral Development Corporation Ltd, UCO Bank, Indian Overseas Bank, MMTC Ltd and KIOCL Ltd have also come out with their shareholding patterns.

Hero MotoCorp, Bajaj Auto top gainers on Nifty50; RIL, Infosys most active on January 11

Hero MotoCorp, Bajaj Auto top gainers on Nifty50; RIL, Infosys most active on January 11

Jan 11, 2024, 05:36 PM IST

Reliance, HDFC Bank, Kotak Mahindra Bank, Adani Enterprises and ICICI Bank were most active on NSE today.

Mangalore Refinery shares zoom 20% to hit upper circuit; here's what analysts say

Mangalore Refinery shares zoom 20% to hit upper circuit; here's what analysts say

Jan 11, 2024, 01:22 PM IST

MRPL share price: The stock soared 20 per cent to hit a one-year high (upper price band) of Rs 160.95. The multibagger scrip has gained 173.26 per cent in a year.

Hot stocks on January 11: IRFC, Tata Power, YES Bank, Mangalore Refinery and more

Hot stocks on January 11: IRFC, Tata Power, YES Bank, Mangalore Refinery and more

Jan 11, 2024, 01:21 PM IST

The domestic equity market was trading higher on Thursday. Sensex rose 105 points to 71,763 and Nifty gained 44 pts to 21,662. Here's a look at stocks buzzing in action today.