Brent futures gained 86 cents, or 0.75%, to $115.74 a barrel Crude oil prices continued their upward march on Friday, with Brent crossing $115 a barrel as attacks on Saudi energy infrastructure and mounting risks to shipping in the Gulf heightened fears of supply disruptions. The benchmarks were also heading for their fourth consecutive monthly…
NEW DELHI: Asian Paints on Thursday reported a 7.5% year-on-year increase in consolidated net profit at Rs 1,067 crore for the Sept quarter, as strong sales growth across domestic coatings and international markets was partly offset by rising raw material costs and pressure on operating margins. Net sales rose 17% to Rs 9,954 crore. Source…
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday said the govt will ensure that sensitive sectors, including agriculture, are protected as part of the trade deal with the US.“I have the courage of conviction to announce boldly that once details are out on the US trade deal, the people of India will celebrate…
File photo: Noel Tata Bahram Vakil MUMBAI: Noel Tata has selected close friend and AZB & Partners co-founder Bahram Vakil to succeed him as chairman of Trent, the Tata Group‘s fashion and retail flagship established by his mother, Simone Tata. Vakil will take over as chairman of Trent on Nov 12, a day after Noel…
MUMBAI: Noel Tata, chairman of Tata Trusts, the controlling shareholder of Tata Sons, has called for greater scrutiny of large investments by the holding company, requiring management to present detailed business cases setting out the rationale, expected financial returns and risks of capital commitments before directors sign off on them, said people familiar with the…
File photo: Employees Provident Fund Organisation- EPFO NEW DELHI: Five years after govt allowed the Employees Provident Fund Organisation (EPFO) to invest in alternate investment funds (AIFs), the retirement savings body is now working to come up with guidelines to enable its investments in these high-growth asset classes and startups.A proposal to allocate up to…
File photo: HUL hits 14-quarter sales growth high as price hikes test India’s consumption recovery BENGALURU: Consumer goods major Hindustan Unilever on Wednesday reported a 3.8% increase in consolidated net profit to Rs 2,796 crore in the Sept quarter, while revenue rose 14.4% to Rs 18,386 crore, indicating strong growth despite cost pressure.Underlying sales growth…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Wednesday said the regulator will review compliance requirements for FPIs and issue a consultation paper to seek views on aligning Indian norms with global standards, while retaining safeguards for investor protection and market integrity.Acknowledging that some compliance requirements in India remain more onerous than those in other major…
File photo: Adani said to weigh deal for €3 billion energy storage firm VTTI Billionaire Gautam Adani, India’s richest person, is exploring a potential acquisition of Dutch energy storage group VTTI as supply disruptions make the facilities more valuable for energy trading, people familiar with the matter said.Adani Group, the tycoon’s power-to-ports conglomerate, is among…
File photo: India, Mexico launch preferential trade agreement talks to expand trade, investment NEW DELHI: India and Mexico have signed the terms of reference marking the formal commencement of negotiations for a preferential trade agreement.“The negotiations will focus on identifying mutually beneficial opportunities to expand trade, facilitate investment and strengthen supply chain linkages. Leveraging the…
