ONGC shares fell as much as 4% on Wednesday despite the state-run explorer reporting a 46% YoY rise in consolidated Q4 net profit to Rs 10,820 crore. Revenue from operations grew 4% to Rs 1,73,805 crore, while standalone FY26 profit stood at Rs 32,894 crore. The company also highlighted strong performance by key subsidiaries, including HPCL, MRPL, ONGC Videsh and OPaL.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend