Hindustan Petroleum Corporation’s (HPCL’s) Q1FY23 performance was the worst in memory, with an Ebitda loss of Rs 125 bn and net loss of Rs 102 bn (Q1FY22 Ebitda/PAT at Rs 32/18 bn), well below I-Sec estimates of Rs 54.6 bn operating loss and Rs 63.6 bn net loss. The weakness in Q1 was almost entirely …
Latest news today (October 26): Presenting FE’s Breaking News today. We will keep you updated on all major news, views and much more throughout the day. PM Modi inaugurates 37th National Games in Goa Prime Minister Narendra Modi inaugurated the 37th edition of the National Games in Panaji, Goa on Thursday. The Prime Minister reached …
The Securities Appellate Tribunal (SAT) has quashed the charges of insider trading in Biocon against Shreehas Tambe, president and deputy CEO of Biocon Biologics. Sebi had passed an order restraining Tambe from accessing the securities market for a period of three months and also restraining him from associating with any listed public company or any …
Dalal Street benchmarks continued to move higher on Tuesday as bulls dominate Dalal Street momentum. S&P BSE Sensex added 379 points or 0.64% to settle at 59,842 points while the NSE Nifty 50 index soared 127 points or 0.72% to close at 17,825. India VIX the volatility gauge also closed with gains along with the …
Balaji Amines subsidiary Balaji Speciality Chemicals has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares worth up to Rs 250 crore and an offer-for-sale (OFS) …
Indian share markets have recovered over 22 per cent from March lows. BSE Sensex hit a 52 week low of 25,639 in the third month of the calendar year 2020. However, it is still 26 per cent off from its record high level touched in January. Sanjiv Bhasin, Director at IIFL Securities Ltd, advises investors …
India’s production of petroleum products rose 5.5% on year to 21.5 million tonne in September, according to data from the Petroleum Planning and Analysis Cell. During the first half of the current financial year, production increased by 3.8% to 136.3 million tonne from 131.4 million tonne in the first half of FY23. Of the total …
Syrma SGS Technology IPO opened for subscription last week on Friday and garnered a decent response on the very first day. On the secondary day of the subscription window, the issue has been subscribed a total of 0.85 times with retail investors leading the charge. The Rs 840-crore public issue is still open for subscription …
Qualcomm made some major announcements at this year’s Snapdragon Summit, including the launch of its new Oryon CPU and the Snapdragon 8 Gen 3 mobile platform. The Oryon CPU is Qualcomm’s first custom Arm CPU design, and it squarely targets Intel that has long dominated the desktop CPU market. The Snapdragon 8 Gen 3 mobile …
US stock index futures inched lower on Tuesday as investors assessed results from retailers Walmart and Home Depot, while signs of a slowing global economy continued to keep investors on edge. Walmart Inc rose 3.3% in trading before the bell as the world’s largest retailer forecast a smaller drop in full-year profit than previously projected. …