Prabhudas Lilladher keeps BPCL at Accumulate, cuts target to Rs 305
Prabhudas Lilladher keeps Accumulate on BPCL and cuts its target to Rs 305 from Rs 318 as refinery margins fall and shutdowns are planned in FY27.
1 source · TradingView
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BPCL to Cut Russian Crude Buying in November as Middle East Grades Gain Edge
India's state refiner BPCL plans a sharp cut in Russian crude purchases for November as higher freight and premiums make Middle Eastern grades cheaper.
2 sources · Moody's
India's Defence Ministry clears Rs 20,000 crore plan for 200 light helicopters
India's Defence Ministry approved a Rs 20,000 crore plan to buy 200 light multirole helicopters for the Army and Air Force, according to Moody's.
1 source · Moody's
Indian Oil plans smaller Gulf crude purchases under 2027/28 annual deals
Indian Oil plans to slightly reduce crude bought from Gulf producers under annual contracts in 2027/28, Reuters reports, citing a source amid the Iran war.
2 sources · Moody's, Reuters
Rubio heads to India for talks on trade deal, energy and defence
US Secretary of State Marco Rubio begins a three-day visit to India, with energy, trade, defence and West Asia on the agenda, according to Moody's.
1 source · Moody's
India's NMDC shelves nickel plans amid global oversupply worries
India's state miner NMDC has paused its nickel expansion over oversupply risks, mainly in Indonesia, two officials told Reuters, citing a global surplus forecast.
1 source · Reuters