IEA Predicts End to Oil & Gas Demand Growth Before 2030
Oil prices are little changed in Thursday’s intraday sessions after they tumbled more than 4% on Tuesday to a near two-week low on easing Iranian supply disruption fears. Brent crude for December deli
Bears Still Rule Oil Market, But for How Long?
Last week, the oil market had a fit of anxiety after Iran fired missiles at Israel as everyone waited for Israel’s answer. Oil bears had a bad week, having to cover their short positions as the benchm
Searching for the New Oil
First, the British exploited coal and made an industrial revolution in the process. Then the Americans found oil and turned it into a universal fuel. Then they turned natural gas, a byproduct of oil
Nestle India needs to up its game to justify premium valuations
The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material cost stood at 43.6% of revenues-same as the year ago elevated level of 43.7%.
LTIMindtree reports 7.7% rise in profit
The Mumbai-headquartered IT services company reported a 5.9% growth in consolidated revenues at Rs 9,432.9 crore in Q2FY25 as compared with Rs 8905.4 crore in Q2FY24 and 3.2% rise from Rs 9142.6 crore in Q1FY25.
RBI accepts nearly Rs 25,000 crore bids in g-sec buyback auction
This is the second such buyback operation done by the central bank this month. This auction, along with the one last week, was one of the most successful buyback auctions conducted by the RBI since it
Fintech firms’ NBFC co-lending biz under stress after RBI action
There could be a direct impact on co-lending arrangements after the Reserve Bank of Indias (RBI) action on Navi and DMI Finance, two major new-age lending companies, said industry insiders.
Eruditus raises $150 million led by TPG Rise, company to flip domicile to India from Singapore
Executive education startup Eruditus has bagged new funding of $150 million led by TPG Rise, the impact investment fund from the US investor. The funding is at a flat valuation of $3.2 billion, post-m
P2P startups look to overhaul biz, processes amidst RBI crackdown
Peer-to-peer lending startups are still coming to terms with the latest observations on the sector released by the RBI on August 16. At the same time, they are also dealing with regulatory action agai
Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30. Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in
Infosys net profit rises 4.7% in Q2, misses Street estimates
Infosys is seeing a “lot of traction in financial services, which has given us good growth last quarter and this quarter,” said chief executive officer Salil Parekh. “We see that continuing.”
Vishal Mega Mart updates IPO papers
The company retails apparel, general merchandise and fast-moving consumer goods through 626 stores and online and mobile channels.
Adani Enterprises raises $500 million through QIP issue
Adani Enterprises has allocated 1.42 crore shares to investors at ₹2,962 per share. Quant Mutual Fund, Winro Commercial (India), Tree Line Asia Master Fund and SBI Life Insurance Co are among those who have subscribed to the QIP.
Axis Bank beats Street with 18% Q2 net rise, cites 'tough variables'
Net interest income - the difference between interest earned on loans and that paid on deposits - a key source of income for banks, grew 9% year-on-year to ₹13,483 crore. Net interest margins for the
ET Exclusive: Estée Lauder will soon start local manufacturing in India, says executive group president
The beauty giant, which manufactures makeup, skincare, perfumes, and hair care products, has been in India for close to 20 years now. It had first launched MAC in the country, followed by Clinique, Es
Researchers Discover Algorithm to Slash AI Energy Consumption by 95%
The use of Artificial Intelligence is rising rapidly as machine learning and large language models become a mainstream aspect of everyday applications. While the applications of AI spike, so too do th
Kazakhstan’s Major Nuclear Power Dilemma
With the result of Kazakhstan’s controversial nuclear power referendum being a resounding “yes,” attention now turns to which country will build the facility. Kazakhstan’s government has spoken in fav
Russia and India Forge Arctic Alliance
Authored by Andrew Korybko via Substack, Rising Indian influence in the Arctic serves as a counterbalance to China’s, which meets both Russian and Western interests... The Russian-Indian joint working
Pemex Budget Cuts Threaten Oil Production
Mexico’s state-owned oil giant, Pemex, is facing a significant reduction in its upstream budget for the fourth quarter. According to internal documents, the company plans to cut spending by 20%, or Mx
Uzbekistan Faces Uphill Battle in WTO Bid
Uzbek officials have a tall mountain to climb in their bid to gain membership in the World Trade Organization. A government report showed that only 29 percent of Uzbekistan’s existing laws and standar
The Penguin: Watch new trailer, what to expect in final episodes
The Penguin is building towards a showdown between Oswald Cobblepot and Sofia Falcone. With four episodes remaining, the crime bosses are poised to clash in Gothams underworld.