The rising global uncertainty and declining trend in refining margins have forced the three state-owned oil marketing companies to a weaker start to the current financial year 2024-25. With peak earnings of FY24 fading away, the three OMCs are now likely to report lower gross refining margins in the third quarter of the current fiscal
Barring apprehensions on the possibility of a tighter H1-B visa norms, IT services firms seem to be upbeat with the victory of Donald Trump, in the hope that policies pursued by him would lead to higher discretionary spending by enterprises. Analysts said that the US has a lot of work to do in sectors like
Rosa Power Supply Company, a subsidiary of Reliance Power, has prepaid a Rs 485-crore loan to Singapore-based lender Varde Partners, the company said on Wednesday. By prepaying this loan, Rosa Power has achieved a zero-debt status, fully settling its outstanding debt by payment of Rs 1,318 crore to Varde ahead of the original schedule, it
Donald Trump winning the US Presidential election could bode well for most of Corporate India. While the manufacturing sector could gain from the anti-China approach, specifically for the Pharma industry, there are some key positives. According to industry veteran Kiran Mazumdar Shaw, India could be a key beneficiary of the US healthcare reforms. Also ReadAmerican
By Praveen RP We are in the early stages of transformative Artificial General Intelligence (AGI) technology, and the current guidelines are a work in progress. This requires a commitment to continuous learning and iteration in partnership with consortiums across the ecosystem to identify optimal and acceptable solutions. Commitment to Fairness and Transparency Companies must look
By Aditya Kushwaha As the festive season approaches, the housing market in India is gearing up to meet the anticipated surge in demand. A confluence of favourable economic conditions and attractive offers from housing finance companies is creating a promising environment for potential homebuyers, especially first-time buyers. Among the factors supporting this momentum is the
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While the majority of companies across sectors have already released their quarterly reports for Q2FY25, investors and market participants are keenly waiting for others to announce their Q2 numbers. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Bharti Airtel, HUL, ITC
Max Healthcare Institute Ltd released its fiscal second quarter earnings report with profit at Rs 281.81 crore, registering a growth of 1.9 per cent in comparison to Rs 276.68 crore during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 1707.46 crore, up 25.3 per cent as against Rs 1363.16
The Central Board of Direct Taxes (CBDT) on Tuesday asked stakeholders to continue submitting their suggestions on the new Income Tax Bill, 2025, which will be compiled and sent to a select committee of Parliament for review. In a release, the CBDT said an effort is underway to collect inputs and work on simplification of
After a 14% correction since September end, benchmark indices have recorded around 2% gains in the past two trading sessions. The broader indices, which had fallen up to 24% from their peak levels, also gained around 3%, providing much-needed relief to investors. However, the key question remains: Will this recovery sustain? Experts are divided. While
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
