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HYDERABAD: Infrastructure biggie Megha Engineering and Infrastructures Limited (MEIL) has bagged a $ 225.5 million (KWD 69.23 million) project from the Kuwait Oil Company (KOC) for the design, construction, operation, and maintenance of a new gas sweetening and sulphur recovery facility (NGSF) at West Kuwait’s oil fields.This project, which has to be completed in a…
NEW DELHI: IndiGo has placed a firm order for 30 more Airbus A350 aircraft, doubling its order for this wide body aircraft from 30 to 60. The airline had announced its intention to do so at IATA AGM in Delhi this June. It has signed an agreement with Rolls-Royce to equip its A350 fleet with…
This is a representative image Muhurat Trading: As Diwali 2025 approaches, the BSE and NSE will remain closed on Tuesday, October 21, for Lakshmi Puja. The only market activity on October 21 will be the one-hour Muhurat Trading session, a traditional ritual marking the start of the Hindu financial year. This year, the session will…
RIL recorded gross revenue of Rs 2.83 lakh crore, marking a 10% year-on-year increase. RIL Q2 FY 2025-26 results: Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a consolidated second-quarter net profit of Rs 18,165 crore. This is a 10% increase from Rs 16,563 crore in the previous year. The operational revenue reached Rs…
India’s foreign exchange reserves fell by $2.176 billion to $697.784 billion in the week ended October 10, according to data released by the Reserve Bank of India (RBI) on Friday.This marks the second consecutive weekly decline after reserves had dipped by $276 million in the previous week to $699.96 billion.According to RBI data, foreign currency…
NEW DELHI: ACME Solar Holdings Ltd through its SPV has signed a 25-year power purchase agreement (PPA) with Tata Power Co Ltd for its 50 MW firm and dispatchable renewable energy (FDRE) project.The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilisation Factor (CUF) of 40%…
Representative image (AI) Gold prices are on a remarkable upward trajectory, with international markets potentially seeing levels reach $4,500 per ounce, according to a report by Motilal Oswal Financial Services Ltd (MOFSL). The rally is supported by continued central bank purchases, geopolitical uncertainties, and strong demand from Asia. In 2025, gold has already surged over…
The Indian mutual fund industry reached an all-time high with assets under management (AUM) touching Rs 75.61 lakh crore in September 2025, reflecting a 12.7 per cent year-on-year growth, according to the latest Mutual Fund Industry Dashboard report published by Franklin Templeton. Equity-oriented funds accounted for the bulk of the growth, with AUM rising 9.5…
In a notable shift, India’s crude oil imports from Russia have surged in the first half of October, reversing a three-month decline observed from July to September. This resurgence is attributed to Indian refineries operating at full capacity to meet the heightened demand during the festive season, as indicated by ship tracking data.Russian oil imports…
Indian pharmaceutical companies are increasingly setting their sights on the Russian market, exploring opportunities to establish production facilities across various regions there. This development was highlighted by Sergey Cheremin, Moscow Government Minister and Head of the Department for External Economic and International Relations, during the “TIME: Russia-India. Mutual Efficiency” forum.Cheremin revealed that productive negotiations are…
