Monday, 19 December 2016

Sensex falls 100 pts, Nifty holds 8100; Laurus Labs surges 14%

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To promote its 'go cashless campaign', the government is leaving no stone unturned and is encouraging every means for people to adopt digitisation. In an effort to reduce the woes of the people and give them something to cheer about, HPCL is giving cashback and rewards on fuel purchases made by credit/debit cards. Cashless purchase has doubled from what it used to be before the roll-out of demonetisation. 

The HPCL hopes to have similar growth in the third quarter as in the last quarter due to the spike in the offtake of the fuel during the cash chaos period. With this hike the company will be to maintain the earlier second quarter marketing margin s on both petrol and diesel, ranging from Rs 1.5- Rs 2.

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