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India asks refiners to maximise LPG output; supply only to IOC, HPCL and BPCL

Economictimes.indiatimes.com 

India has instructed its oil refiners to boost Liquefied Petroleum Gas output. This fuel will now be supplied only to three state-run companies: Indian Oil, HPCL, and BPCL. Refiners are also barred from using propane and butane for petrochemicals. The public sector companies must sell LPG solely to domestic customers. This move aims to ensure ample supply for households.

Stock broking firm Shreni Shares files IPO papers with Sebi

Economictimes.indiatimes.com 

Stock broking firm Shreni Shares is planning an Initial Public Offering. The company has filed preliminary papers with Sebi. The public issue includes a fresh share sale and an offer for sale by existing shareholders. Proceeds will fund working capital and repay borrowings. Shreni Shares serves over 2,620 clients and operates across India.

GRSE, Cochin Shipyard & Mazagon Dock shares rally to up 18% in two days. Here’s what’s triggering the surge

Economictimes.indiatimes.com 

Shares of defence shipbuilders surged despite broader market weakness, with Mazagon Dock rising 18% in two days and Cochin Shipyard gaining 9%. The rally follows escalating geopolitical tensions and reports of a naval strike near Sri Lanka, raising expectations of higher maritime defence spending and improved order prospects for Indian shipyards.

West Asia crisis could raise energy risks for India but domestic flows, growth outlook remain resilient: Jefferies

Economictimes.indiatimes.com 

West Asian tensions could hike global energy prices, impacting India's oil imports and inflation. Despite foreign investor pullbacks, strong domestic inflows from SIPs and NPS are stabilizing India's equity markets. The economy shows signs of acceleration with robust loan growth and improved corporate earnings, though AI poses a long-term challenge to the IT sector.