Indian Oil gets nod for petrochemical project
Good morning!
Here are the top stories to start your day.
For more updates on F&O. Click here.
⭐Indian Oil gets nod for a petrochemical project
The board of the oil company has given its in-principle nod to carry out pre-project activities for the Paradip petrochemical complex in Odisha. The estimated cost for the project is ₹61,077 crore. As per management, the project will help de-risk its fossil fuel business.
⭐ HG Infra emerges as the lowest bidder
The construction firm said it has been declared the lowest bidder for the redevelopment of Kanpur Central Railway Station. The company made a bid of ₹655 crore for the project compared to the tender estimated cost of ₹677 crore. The project will be executed in 36 months.
⭐ Tata Motors hikes its CV prices
Automobile maker plans to increase its commercial vehicle (CV) prices by 5% starting from 1st April 2023. This decision comes as the company plans to comply with more stringent BS6 phase II emission norms starting from FY24.
Global markets (at 9:30 AM today)
| Indices | Today's movement |
| --
| --
- | --
- |
| SGX Nifty | ▲ 0.35% |
| Nikkei 225 (Japan) | ▲ 1.92% |
| Hang Seng (Hong Kong) | ▲ 1.98% |
| SSE Composite (China) | ▲ 0.25% |
| Dow Jones (US) (March 21) | ▲ 0.98% |
| NYSE (US) (March 21) | ▲ 1.22% |
| Nasdaq (US) (March 21) | ▲ 1.58% |
| S&P 500 (US) (March 21) | ▲ 1.30% |
Fact of the day
Finland tops the ranking of world’s happiest countries for the sixth year in row. Meanwhile, India’s rank improved from 136 to 125