DIESEL PRICE ADJUSTMENT
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman Sachs
The Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pressures observed in the first half of the fiscal year. The government's fiscal position improved significantly in September compared to August, aided by higher direct tax revenues. Focused expenditure reallocation will be crucial in achieving the deficit goals.
GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest rates
India's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indicated by rising passenger car sales and record digital payments. Power consumption also surged nearly 22% compared to last year, further emphasizing economic strength. Despite a high inflation rate of 5.5%, demand has remained robust, supporting growth forecasts. Analysts suggest this growth aligns with leading indicators of a consumption-driven economy.
IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings
In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since May. Indian Oil Corporation achieved its highest standalone quarterly net profit, buoyed by strong refining margins, yet faces ongoing challenges related to fuel under-recoveries.
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Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
Middle East war helps lift Reliance’s oil-to-chemicals earnings to an all-time high
Reliance Industries' oil-to-chemicals sector reported record earnings due to soaring global fuel prices. The firm credited this success to the rise in energy costs and improved refining margins for the second quarter. While rising crude oil and transport fuel prices bolstered revenue, increased procurement and transportation expenses served as a constraint on overall earnings.
Bombs, billions, and household bills: How much is the US-Iran war costing America and its people? Here's all about the war's price tag
By mid-October 2023, the US-Iran war had incurred costs totaling $47 billion, not counting damages to military bases following Iranian assaults. American households are bearing the brunt, each incurring around $2,000, mainly due to skyrocketing energy expenses. With the Pentagon reporting an ammunition deficit amid this escalating conflict, concerns are growing regarding the long-term economic fallout from sustained military engagement.
ET Prime Special Series: Multibagger or IBC - Part 82: This auto ancillary’s name tells only 20% of the story. What’s the other 80%?
The shift towards electric vehicles, or EVs, is forcing traditional auto-component suppliers to reconsider their future. For some, it threatens core products. For others, it creates opportunities in components that can survive the death of the combustion engine. This supplier finds itself on both sides of that transition. Its original business is exposed to ICE vehicles, while its manufacturing division has developed products relevant to EVs. Alongside, the company is pursuing other initiatives. Will these translate into stronger profits, or will rising financial obligations limit the benefits?
Jeep Compass gets new 9-speed automatic diesel variant; check price, features, delivery date
Jeep India has announced the launch of the Compass Sport FWD equipped with a 9-speed automatic transmission. This new variant is priced at ₹21.99 lakh and is the most affordable automatic version of the Jeep Compass. Customers will benefit from additional features like six airbags, cruise control, and a touchscreen infotainment system. The availability of optional accessory packs enhances customization for buyers.
These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts
There is really no doubt about what will happen in the short term. It is going to be tough. Trying to guess the exact day when things will improve is a waste of effort. But a frightened market is exactly when it helps to look the other way. Because markets go too far in both directions, not only the one that is hurting today.
ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stock
A few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin producing enough revenue. Today, the numbers look very different. Annual income has jumped, exports have risen, and a large overseas-linked order has helped deliver a record quarter. How much of the improvement is repeatable, and how much reflects an unusual opportunity?
US consumers are muscling through higher prices, but for how long?
High gas prices are impacting inflation, leading to increased costs across various sectors and goods. Consumers are still maintaining spending levels, indicating some economic resilience despite these pressures. Retail sales rose, driven by higher expenditures at gas stations and dining establishments. However, economists are expressing concerns regarding the long-term effects of inflation on consumer spending power. With unemployment low, spending may continue, although inflation raises potential borrowing costs.
Donald Trump approval ratings crash in 39 states ahead of November 3 US Midterm elections, energy, gasoline prices add to worry. Can Social Security Cost of Living-Cola Payment save it for Republicans?
Donald Trump approval ratings in some states were sliding to negative from the positive that is recorder earlier in 2026. Republicans are retreating from a handful of battleground U.S. House races, while Democrats are racing to raise money to boost candidates who seemed like long shots earlier this year.
US midterms 2026: Why campaign groups are moving money between House and Senate races
As the midterm elections approach, Republicans are reallocating campaign funds while Democrats are increasing their investments. The Congressional Leadership Fund is withdrawing advertising support from specific competitive House races, indicating strategic shifts. In contrast, the Democratic Congressional Campaign Committee is launching a substantial fundraising push to target additional GOP-held districts. Senate Republicans are also adjusting their spending to defend vulnerable seats amid changing political dynamics.
Social Security's 3.5% COLA explained: Why seniors say higher heating bills and prescription costs could wipe out their raise
Social Security benefits could rise 3.5% in 2027, adding about $70 monthly to a $2,000 check. But higher heating bills and prescription costs may quickly absorb that increase. Medicare Part B premiums are also expected to rise, though less than the projected COLA. The official adjustment will be announced October 14, after September’s inflation figures are released.
Could the US stock market crash in October? What are the Dow Jones, S&P 500 and Nasdaq showing? Here’s what investors should watch and how to prepare
US Stock Market Crash Warning: October always carries a reputation on Wall Street. Historically known for high-volatility events, it is a month when sudden pullbacks and economic fears often come to a head. The major U.S. stock indices are sending mixed signals. Rather than a uniform broad market crash, Wall Street is experiencing a noticeable sector rotation.
Cleveland Fed's Hammack backs restrictive policy, says better if it comes 'relatively quickly'
Cleveland Fed President Beth Hammack has stressed the urgency of adopting a strict monetary policy as a response to mounting inflation that now permeates various sectors, not just energy. She advocates for prompt adjustments to keep inflation on target at 2%, emphasizing transparency in Fed policies to aid both households and businesses in their financial planning amidst rising prices.
Social Security’s 2027 raise could shrink before it arrives. How Medicare costs may eat into the $72 boost
Social Security’s 2027 COLA could rise by 3.5%, adding about $72 a month to the average retired worker’s benefit. But higher Medicare Part B premiums, prescription drug costs and rising energy expenses could reduce the financial relief retirees receive.
Global Market: Goldman Sachs raises December Brent oil price forecast to $90 on supply risks
Goldman Sachs has raised its December 2026 Brent crude price forecast to $90 per barrel, citing supply risks in the Middle East. While 2027 averages remain at $80, severe Gulf production cuts could drive prices to $125, even as potential Russian exports keep near-term market sentiment volatile.
World Bank in talks with 30-40 countries over aid to tackle Middle East energy shock
The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates more countries may access crisis funds as conditions worsen in the coming months. Recent private capital investments have surged considerably, especially in upper-middle-income and lower-middle-income countries.
Highway projects get three more months of bitumen, diesel cost escalation cover amid West Asia crisis
The ministry of road transport and highways is extending the cost compensation for bitumen and diesel. This extension will apply to projects executed until December 31, 2026. Work carried out will only qualify if the bid due date was set before April 1, 2026. The compensation aims to address the impact of rising diesel prices on highway construction.
US jobless claims hover near 57-year low for fourth consecutive week
In a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job market. Nonetheless, nonfarm payroll growth remained disappointing, with just 29,000 jobs created in September. Additionally, there was an increase of 17,000 in ongoing unemployment benefits, highlighting challenges faced by new job seekers amid geopolitical uncertainties and a tightening labor pool.
US weekly jobless claims fall as layoffs remain low
Claims have held near 57-year lows for four straight weeks, consistent with what economists said remained a "low-hire, low-fire" labor market. Nonfarm payrolls increased by a paltry 29,000 jobs in September, the government reported last week.
Double trouble at the dinner table: When will food prices normalise for Indians?
India’s food inflation: Food prices are rising unevenly, impacting household budgets, while inflation is projected to persist in upcoming months. Economists expect food inflation to reach up to 7% in the near future due to various factors. Weather risks, particularly from El Niño, could significantly affect crop yields and consequently food prices. Additionally, global events in West Asia contribute to higher energy and logistic costs.
Global Market: OPEC+ keeps November oil output steady as Brent tops $100
Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $100 a barrel. Meanwhile, G7 nations plan to release 100 million barrels of oil and refined products, including diesel, to ease energy-market pressures and cushion consumers from soaring fuel costs.
India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P Global
Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to clean energy and green hydrogen will occur gradually while India remains an attractive destination for energy investments.
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