Company officials privy to the development said that the merger of HPCL and MRPL under conservative assumptions could happen by FY24-end as the MRPL-OMPL merger has to happen first

The moves will further increase tensions with China, Washington's strategic rival in Asia, days before President-elect Joe Biden takes office on Wednesday

Expectations of a hefty COVID-19 relief package under the incoming Joe Biden administration and hopes of a rebound in corporate earnings this year have eclipsed concerns over signs that the labor market recovery has stalled amid rampant COVID-19 infections

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel

Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity

Tech Mahindra, Infosys, UltraTech Cement, Power Grid Corporation of India, NTPC, Sun Pharma, HCL technologies were among top gainers

Stocks to watch today on January 6: HDFC, HDFC Bank, RIL, Bajaj Finance, Hero MotoCorp, Godrej Consumer among others are the top stocks to watch out for in Wednesday's trading session

Public listings were cast down in the pandemic hit year before gaining traction - of the total 15 IPOs that hit the market in 2020 only SBI Cards checked in during the first half of the year

West Bengal is the number one state in buying the dirtiest coal power in the country with most of the stations supplying electricity to the state having not taken adequate measures to comply with December 2015 sulphur dioxide norms notified by the government

Russian oil and gas condensate output declined to 10.27 million barrels per day (bpd) last year, according to energy ministry data cited by the Interfax news agency

Exports in December 2019 was $27.11 billion, while imports stood at $39.5 billion

Out of the eight sectors, only coal, fertiliser, and electricity showed positive growth, while production in crude oil, natural gas, steel, refinery products, and cement remained in negative territory

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

The Government will be studying the award and all its aspects carefully in consultation with its counsels, says finance ministry, adding that it will consider all options and take a decision on further course of action, including legal remedies before appropriate fora

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday

After ending last week higher, the pan-European STOXX 600 index slid 2.3% after UK imposed an effective lockdown and reversed plans to ease curbs over Christmas as it dealt with a new coronavirus strain up to 70% more transmissible than the original

The move is seen as the latest in Republican Trump's efforts to burnish his tough-on-China image as part of lengthy fight between Washington and Beijing over trade and numerous economic issues

Exim Bank expects India's non-oil exports to witness a marginal positive annual growth in December quarter, after three consecutive quarters of contraction