Mumbai, July 27 (IANS) Integrated chemical manufacturer Epigral Limited on Monday reported a 37.9 per cent decline in its consolidated net profit to Rs 99.7 crore for the first quarter of FY27, compared with Rs 160.7 crore in the corresponding quarter of the previous financial year (Q1 FY26).The company’s revenue from operations, however, increased 16.3 per cent year-on-year to Rs 705.4 crore during the April-June quarter, up from Rs 606.5 crore a year earlier, according to its stock exchange fi…
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New Delhi, July 27 (IANS) Indian equities warrant a ‘constructive’ view over the long run due to demographics, rising domestic investment, a deepening financial system, diversifying supply chains and improving energy security, a report said on Monday.The report from PL Wealth recommended investors consider a phased entry into quality large‑cap and large & mid‑cap names in the short term and kept an overweight call for the 24–60-month horizon.The firm kept its overweight call on India i…
New Delhi, July 27 (IANS) India’s engineering goods exports rose 21 per cent YoY to $11.48 billion in June, up from $9.51 billion a year earlier, driven by strong demand from the United States, Germany, China, Singapore and Oman, a statement said on Monday.The statement from EEPC India said that engineering exports to Oman surged over five‑fold year‑on‑year to $258.97 million.The United States remained the top destination in June with shipments of $1.95 billion, and shipments to China ju…
New Delhi, July 27 (IANS) India may receive FCNR (B) deposits in the range of $65-70 billion by the end of the RBI scheme on September 30, and overall $80-$85 billion, an SBI Research report said on Monday.The RBI figure of $20 billion inflows (till July 17) came as a positive reprieve, chiefly with a smart FCNR (B) corpus of $17.4 billion.“We now estimate that FCNR (B) since then has already crossed 2013 level of $26 billion in just 45 days,” said Dr. Soumya Kanti Ghosh, Group Chief Economi…
Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27. Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, “I have kept buffers which can take care of it and…
Mumbai, July 26 (IANS) The weakening of the global chip trade is a positive news for India as foreign portfolio investor (FPI) equity investment through July 24 stood at Rs 14,945 crore, of which Rs 3,167 crore was through exchanges and Rs 11,778 crore through the primary market.Debt inflows continue to be robust. This is partly in response to the debt taxation reforms announced by the government. This month, so far, FPIs continued to be big sellers in markets like South Korea and Taiwan, said a…
Mumbai, July 25 (IANS) The Indian equity benchmarks posted strong weekly loss, over global inflation fears and higher crude prices.Nifty lost 2.33 per cent during the week and dipped 0.43 per cent on the last trading day to reach 23,767. At close, Sensex was down 331 points, or 0.43 per cent, at 76,059. It lost 2.68 per cent during the week.”Inflationary fears intensified as the escalation of the West Asia conflict and the blockade at the Red Sea helped crude to cross the $100 per barrel mark. M…
Islamabad, July 24 (IANS) People in Dera Ismail Khan and other areas of Pakistan’s Khyber Pakhtunkhwa province are facing problems after several fuel filling stations ran out of fuel due to shortage of petrol, local media reported on Friday. Local residents said that shortage of fuel disrupted daily life, business activities and transport service. Many said that they were forced to travel from one petrol pump to another in search of fuel, leading Pakistani daily Dawn reported.Many alleged that s…
Manila, July 23 (IANS) External Affairs Minister (EAM) S Jaishankar held a meeting with his counterpart from Oman, Sayyid Badr bin Hamad Al Busaidi, on the sidelines of Association of Southeast Asian Nations (ASEAN)-related meetings in Manila on Thursday. During the meeting, the two ministers discussed recent developments in the Gulf region.”Appreciated meeting with FM Sayyid Badr bin Hamad Al Busaidi of Oman in Manila. Exchanged perspectives on the recent developments in the Gulf region. Agreed…
Manila, July 23 (IANS) External Affairs Minister (EAM) S Jaishankar on Thursday expressed India’s commitment to ASEAN centrality, regional stability and the realisation of a free, open and prosperous Indo-Pacific. Addressing the 21st East Asia Summit (EAS) in Manila on Thursday, EAM Jaishankar noted that the global order remains uncertain and volatile, where interdependence and common interests co-exist with competitiveness and rivalries. “The world economy is today reeling under the impact of…