Tue, Feb 6, 2024 9:20 PM
India's 1st green hydrogen fuel cell bus showcased during India Energy Week
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City gas companies like IGL and Adani Total Gas are considering an increase in CNG prices after supplies of cheaper input gas were cut for the 2nd time in a month. However, government officials are demanding that retailers provide a cost breakup to justify the hike. Effective November 16, the government reduced supplies of low-priced natural gas from old fields to city gas retailers by up to 20%.
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The Q2 earnings season for India Inc has shown signs of weakness, with downgrades outnumbering upgrades. Nifty companies reported a 4 percent on year profit growth in Q2, extending its streak for single-digit bottomline growth to the second successive quarter, a first since the pandemic. Incremental growth was driven by five companies--SBI, Hindalco, ONGC, ICICI Bank, and Axis Bank.
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📌F&O can provide protection against short-term price fluctuations, helping to safeguard investments. 📌Diversifying portfolios by investing in energy alternatives- such as natural gas, renewable energy stocks, or even battery metals- can reduce exposure to crude oil volatility. 📌For investors, the key to successfully navigating this volatile market is staying informed and adaptable.
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