The ongoing conflicts in Gaza and Ukraine have brought a significant financial boost to arms manufacturing companies, particularly in the US and Israel. According to the latest report by the Stockholm International Peace Research Institute (SIPRI), the world’s top 100 arms companies have seen a surge in profits, largely due to the war-driven demand for
India Inc is expected to post a sequential revenue growth in Q3FY25, led by improved rural demand and uptick in Government spending, additionally supported by the festive season, stated a report by ICRA. However, it added, headwinds such as uneven urban demand and evolving global uncertainties could weigh on growth in H2FY25. On balance, ICRA
India ranks sixth globally in corporate climate action, with 127 companies committed to science-based target initiative or SBTi net-zero targets, and these companies are primarily from non-hard-to-abate sectors like textiles, software, and pharmaceuticals, stated a report by ICRA ESG Ratings. Out of these 127 companies with net-zero commitment from India, around 7 per cent belong
Tata power Renewable Energy (TPREL), has commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh. The project was allotted through a competitive bidding process, believed to be India’s most cost effective bids for large scale solar energy production. This project is spread across 1,635.63 acres, and was built after overcoming several challenges
Food delivery major Swiggy is expected to witness meaningful improvement in key operating metrics in the fiscal second quarter earnings report, scheduled to be announced tomorrow, December 04. This will be Swiggy’s first results post the company got listed on the exchanges on November 13. The food delivery firm’s IPO was opened on November 06
Online pharmacy startup PharmEasy has delivered an internal rate of return (IRR) of -38% for global investment firm Prosus in the first half of this fiscal, according to the firm’s half-yearly investor presentation. Meanwhile, B2B e-commerce platform ElasticRun recorded an IRR of 23%. Besides these two, Swiggy and PayU India reported an IRR of 21%
With the Andhra Pradesh government mulling a review of the power purchase agreement between the state discom and the Solar Energy Corporation of India for supply of power by Adani Green, Banasree Purkayastha looks at the options available with it, and what would happen if the deal is cancelled What are the issues with the agreement?
State-owned Oil and Natural Gas Corporation (ONGC) is looking to venture into mining of offshore minerals given the company’s technical expertise in drilling in subsurface and offshore areas, a senior executive at the company said. “We are not looking to bid right now (under the first tranche of offshore mineral auction) but we do have
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now
US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% below its
As the markets graduated from a correction to a full-blown crash, investors of all types are running for exit. It is at times like these that we must remember the words of the world’s most famous value investor, Warren Buffet. He said, “Be greedy when others are fearful and be fearful when others are greedy.”
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
