GAIL (India) Limited has signed a 10-year sales and purchase agreement (SPA) with Abu Dhabi’s ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026, the company said on Thursday. This is the first SPA of ADNOC Gas with an Indian buyer.
Honasa Consumer, the parent entity that owns beauty and personal care brand Mamaearth, posted a surprise loss of Rs 19 crore in Q2 against the Street estimates of a profit of Rs 6 crore, largely due to a slowdown from changes in its distribution model. Revenue from operations, too, fell 7% year-on-year to Rs 462
Vodafone Idea, which continued to lose subscribers in the September quarter despite investments in 4G capacity and coverage expansion, expects to see a turnaround in the trend by the end of the fiscal, the management said at the earnings call on Thursday. The telco lost 5 million subscribers sequentially in Q2FY25, including 800,000 4G/5G subscribers.
Betting on sustainability and electronics, Tata Projects, the engineering, procurement and construction (EPC) company of Tata group, is looking at double digit growth in the current financial year. The company turned into profits last year at Rs 139 crore on revenues of Rs 17,247 crore in FY24. Also ReadHAL posts Q2 profit growth of 22.14%
India’s insurance sector recorded a gross written premium in excess of $130 billion, with a 11% CAGR growth during FY2020-23, outpacing Thailand and China, which grew at less than 5%, according to a McKinsey & Company report. According to the report, Steering Indian Insurance from Growth to Value in the Upcoming ‘Techade’, while the life
Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore. The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda
The Union mines ministry is likely to begin the auction of offshore mineral blocks in the next two or three months with 10 such blocks to be put under the hammer in the first phase, coal and mines minister G Kishan Reddy said on Thursday. “The government plans to auction offshore mineral blocks in two
Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday said that with more oil coming to the market and easing of geopolitical tensions, the global oil market situation will calm. He noted that major oil consuming countries including India are not likely to face any shortfall of oil supply on account of
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
