Heavy rainfall hit the United Arab Emirates (UAE) on Thursday, resulting in numerous flight cancellations and the suspension of bus services in Dubai. Following heavy rains, people and students have been asked to shift to remote work and study from home. Dubai’s MeT department issued an orange alert for Friday as well. The UAE authorities […]
Month: May 2024
India’s Adani Enterprises’ Q4 profit falls 38% as roads business weighs
India’s Adani Enterprises reported a near-38% fall in profit on Thursday due to weak performance in its roads segment and higher expenses. Consolidated net profit fell to 4.51 billion rupees ($54.1 million) for the quarter ended March 31 from 7.22 billion rupees a year ago, the Adani group’s flagship company said in an exchange filing. […]
IGX sees 123 per cent monthly growth in trading volumes in April amid lower LNG prices
The Indian Gas Exchange (IGX) recorded a 123 per cent month-on-month increase in gas trading volumes for April 2024, totaling 2.47 million mmbtu (~62 mmscm), which also marked a 38 per cent increase on a year-on-year basis. This surge in trading activity was largely due to price corrections in the international market and the lower […]
Electric two-wheelers lead as India’s EV sales cross 1.7 million in FY2024
India’s electric vehicle (EV) market registered a significant uptick in sales, crossing 1.7 million units in the fiscal year 2024, according to a report by JMK Research & Analytics. The report detailed that electric two-wheelers (E2Ws) constituted over 55% of the annual EV sales, totaling 41,35,077 units by the end of FY2024. The passenger electric […]
Coal India posts 26 pc rise in profit to Rs 8,682 cr in Q4 on higher supplies
Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter on the back higher supplies of the dry fuel. The company’s consolidated net profit stood at Rs 6,875.07 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. […]
Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice
The National Green Tribunal has sought a response from the authorities, including the administrative head of NTPC’s North Karanpura superthermal power plant in Jharkhand’s Chatra district, regarding the massive fire that engulfed a unit last month. The National Green Tribunal (NGT) was hearing a matter where it had taken suo motu cognisance of a PTI […]
Boeing 737 Max whistleblower Josh Dean dead due to ‘sudden, fast-spreading infection’: Report
Joshua Dean, who worked with Boeing supplier Spirit AeroSystems, a whistleblower raising concerns about the company ignoring the manufacturing defects on the 737 MAX passed away on Tuesday, US-based Seattle Times claimed. Dean passed away after a “struggle with a sudden, fast-spreading infection,” the report claimed.
Oil steadies, heads for weekly drop on U.S. economy worries
Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war. Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT. […]
Oil edges back towards 7-week low after resilient US jobs data
LONDON -Oil edged back towards the previous day’s seven-week low on Thursday, paring earlier gains, after U.S. data pointed to persistent labour market strength and further dimmed prospects of an early decline in U.S. interest rates. Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having […]
InterGlobe shares gain 2.05% as Sensex rises
Shares of InterGlobe Aviation Ltd. traded 2.05 per cent up at Rs 4063.6 at 12:38PM (IST) on Thursday, even as BSE benchmark Sensex gained 257.61 points to 74740.39. The stock had settled at Rs 3981.7 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4082.7 and Rs 2016.05, respectively.
Indian Oil Corp. shares up 2.75% as Nifty gains
Shares of Indian Oil Corporation Ltd. gained 2.75 per cent to Rs 173.6 in Thursday’s trade. It hit a high of Rs 174.5 and low of Rs 168.25 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 125.82, while the 50-DMA was at Rs 171.09. If a stock trades […]
GAIL shares drop 2.03% as Sensex rises
Shares of GAIL (India) Ltd. traded 2.03 per cent lower in Thursday’s session at 02:10PM (IST). The stock opened at Rs 209.25 and has touched an intraday high and low of Rs 210.2 and Rs 201.8, respectively, during the session so far. The stock quoted a 52-week high of Rs 213.7 and a 52-week low […]