NEW DELHI: Indian Oil Corporation (IOC) Other state-owned fuel retailers have suffered inventory losses of more than 10,000 crore Ahead of petrol and diesel price revision and rupee depreciation, Rs 100 crore is under financial pressure. The IOC and Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are expected to decide on revision of petrol and diesel prices tomorrow, demanding a reduction in interest rates due to falling oil prices. However, the companies regretted the revision of petrol and diesel prices. It is not set on the basis of crude oil price movement. It is based on gasoline. (petrol) and diesel (diesel) based on the international trade rate and the rupee-dollar exchange rate. According to industry sources, the rupee has fallen against the dollar since the December 16 revision, making imports more expensive. The rupee later traded at Rs 63.46 per dollar before Rs 61.95 per dollar, reflecting the fall in prices. Further, margins are said to have...

MFT not only complements the company’s current relationship with OEMs; NEW DELHI: Automotive component maker Camshafts today said it has acquired 76% stake in Germany’s MFT Motoren und Fahrzeugtechnik GmbH (MFT) for an undisclosed amount. Precision Camshafts acquired the company through its wholly owned subsidiary PCLL (International) Holding BV. Yatin Shah, chairman and chairman of Precision Camshafts, said in a statement, “The acquisition will create added value for us through new products and unlock collaboration opportunities.” ,” he said. It will also help strengthen the company’s “Customer base,” he added. MFT has established long-term relationships with global brands such as Volkswagen, Audi, Opel, Westfalia, Hatz and Suzuki. We manufacture balancer shafts, camshafts, bearing caps and engine mounts. Precision camshafts on the other side for Ford, GM, Toyota, Maruti Suzuki, Hyundai, Daimler and Porsche.