Reliance industries

- A + A (May 19): The worsening gasoline crunch looks set to buoy Asian refiners — particularly those in India — as sky-high US prices encourage more exports. US pump prices have now risen above US$4 a gallon in all states for the first time ever as the summer driving season approaches. JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as US$6.20 a gallon by August, which would be more than double the price a year ago. Motor fuel is taking over from diesel as the major focus of oil-product supply fears, with the tightening market stretching a global refining system that was hit by closures over the last couple of years due to Covid-19. In Asia, gasoline margins jumped to almost US$35 a barrel this week, and are now near those for diesel, which have eased from a peak in early May. “The tightness in the Atlantic Basin, especially in the US, should continue to see Asian gasoline barrels pulled West,” said Dylan Sim, an … [Read more...] about Sky-high US gasoline prices to lure more imports from Asia

Share to Twitter Share to Linkedin In a recent Forbes article , we examined U.S. GDP by state and which states have seen the fastest growth in GDP. Here, we’re focusing on what are the biggest industries in each U.S. in terms of their real GDP as of fourth quarter 2021, the latest data available from the Bureau of Economic Analysis (BEA) . Real GDP is a more accurate measure of economic output because nominal GDP doesn’t take into effect inflation, and thus makes it appear as though GDP is on a near constant march upward year after year, when in reality the value of economic output may have not increased. Real GDP figures here are in chained 2012 dollars. Read on to find out the biggest industry by GDP in all 50 states plus the District of Columbia. Alabama Biggest industry in Alabama : Manufacturing Nominal GDP : $42.06 billion Real GDP : $38.23 billion Manufacturing is the largest industry by GDP in Alabama, as of fourth quarter … [Read more...] about The Biggest Industry In Every State Of 2022

- A + A SINGAPORE (May 19): Asia-Pacific (APAC) countries can embrace digital more successfully by focusing on three areas — digital infrastructure, industrial applications and digital talent, says Huawei rotating chairman Ken Hu. In sharing his thoughts, Hu said APAC countries are already doing a great job on digital infrastructure as according to the International Telecommunication Union (ITU), mobile coverage in the region has reached almost 100%. “This is an incredible achievement. Just 10 years ago, some APAC countries did not have any 3G or 4G infrastructure at all. “Now, the Global System for Mobile Communications Association (GSMA) estimates that by 2025, APAC will have 1.2 billion 5G connections,” he said in his keynote address at the Huawei Asia Pacific Digital Innovation Conference 2022 here on Thursday (May 19). In addition to strong connectivity, Hu said APAC countries also need to build more important infrastructure like cloud and data centres. On … [Read more...] about Huawei: APAC can go digital more successfully by focusing on infrastructure, industrial applications, digital talent

Speciality chemicals company Aether Industries Ltd has set a price band of Rs 610-642 a share for initial public offering. Earlier, the firm said its IPO will open on May 24 for subscription and close on May 26. The basis of allotment expected on May 31, credit of shares expected on Jun 2 and the firm may be listed on exchanges on June 3. The IPO consists of a fresh issue of Rs 627 crore and an offer-for-sale of up to 2.82 million shares by its existing shareholders and promoters. On the upper end of the price band, the firm will raise around Rs 801 crore. The proceeds from the issue worth Rs 190 crore will be used to fund proposed greenfield projects in Surat. The firm will also use Rs 138 crore from proceeds to pay debts. The company will use Rs 165 crore for funding working capital requirements. Close HDFC Bank Ltd and Kotak Mahindra Capital Co Ltd are the lead managers to the issue. Aether Industries is a speciality chemicals manufacturer in India … [Read more...] about Aether Industries sets price band at Rs 610-642 a share for its IPO

The space industry is one of the most future-focused fields, intent, in part, on seeing humankind achieve a robust off-planet existence. Whether it’s settling on Mars, finding more efficient ways to grow food or searching for life beyond Earth, space exploration has captured the minds of young people for decades. But it has been somewhat of a challenge to encourage Gen Z, who are as of this writing about 10 to 25 years of age, to choose aerospace careers as they enter the workforce. advertisement advertisement During their early years, Gen Zers witnessed unprecedented technological transformation. They also saw firsthand the devastating results of global warming and systemic inequality. On track to be the highest-educated generation yet, their unique experiences and skills could revolutionize the way we think about space. Young adults working in the industry have already made clear what needs to happen for Gen Z to embrace the new era of space … [Read more...] about How the space industry can appeal to Gen Z

Share to Twitter Share to Linkedin Eighty-five days into Russia’s wider war on Ukraine, the Kremlin’s aims have shrunk to miles and towns. If there’s an overarching strategic goal in Moscow right now, it’s to surround and destroy the handful of Ukrainian brigades around Severodonetsk, a city with a pre-war population of 100,000 in eastern Ukraine’s Donbas region. Compare that to Russia’s initial goals—to occupy Kyiv, decapitate the Ukrainian government, capture all of Donbas and Ukraine’s Black Sea coast and destroy the Ukrainian armed forces. Three months ago, Moscow planned to smash Ukraine into a leaderless, landlocked and unarmed rump state. Now, Russian leaders might settle for slightly expanding their control in Donbas and possibly eliminating a few Ukrainian brigades. Even that isn’t going well for the Russians. In the last week, Russian forces have captured a few hamlets around Severodonetsk. But the town of Lyman, which anchors … [Read more...] about The Russian Army Has Set Its Sights On A Single Small City In Eastern Ukraine

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Finolex Industries are: Net Sales at Rs 1,594.57 crore in March 2022 up 27.63% from Rs. 1,249.34 crore in March 2021. Quarterly Net Profit at Rs. 495.12 crore in March 2022 up 65.68% from Rs. 298.84 crore in March 2021. EBITDA stands at Rs. 289.42 crore in March 2022 down 31.67% from Rs. 423.59 crore in March 2021. Finolex Ind EPS has increased to Rs. 7.98 in March 2022 from Rs. 4.82 in March 2021. Close Finolex Ind shares closed at 147.75 on May 18, 2022 (NSE) and has given -32.78% returns over the last 6 months and -2.64% over the last 12 months. Finolex Industries Consolidated Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 1,594.57 … [Read more...] about Finolex Ind Consolidated March 2022 Net Sales at Rs 1,594.57 crore, up 27.63% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for V-Guard Industries are: Net Sales at Rs 1,050.27 crore in March 2022 up 23.69% from Rs. 849.10 crore in March 2021. Quarterly Net Profit at Rs. 90.60 crore in March 2022 up 32.59% from Rs. 68.34 crore in March 2021. EBITDA stands at Rs. 114.12 crore in March 2022 down 0.15% from Rs. 114.29 crore in March 2021. V-Guard Ind EPS has increased to Rs. 2.10 in March 2022 from Rs. 1.59 in March 2021. Close V-Guard Ind shares closed at 219.95 on May 18, 2022 (NSE) and has given -11.93% returns over the last 6 months and -2.53% over the last 12 months. V-Guard Industries Standalone Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 1,050.27 960.70 … [Read more...] about V-Guard Ind Standalone March 2022 Net Sales at Rs 1,050.27 crore, up 23.69% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for V-Guard Industries are: Net Sales at Rs 1,058.21 crore in March 2022 up 23.74% from Rs. 855.20 crore in March 2021. Quarterly Net Profit at Rs. 89.70 crore in March 2022 up 32.22% from Rs. 67.84 crore in March 2021. EBITDA stands at Rs. 114.66 crore in March 2022 up 0.29% from Rs. 114.33 crore in March 2021. V-Guard Ind EPS has increased to Rs. 2.08 in March 2022 from Rs. 1.58 in March 2021. Close V-Guard Ind shares closed at 219.95 on May 18, 2022 (NSE) and has given -11.93% returns over the last 6 months and -2.53% over the last 12 months. V-Guard Industries Consolidated Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations 1,058.21 967.38 … [Read more...] about V-Guard Ind Consolidated March 2022 Net Sales at Rs 1,058.21 crore, up 23.74% Y-o-Y

Representational Image. As the low base effect slowly wears off, industrial production in India continued to stabilise in September, expanding by 3 percent year-on-year (YoY). While it was lower than the 11.9 percent rise in August, this was due to the low base effect ending by August. Measured by the Index of Industrial Production (IIP) data, which was released by the Centre on November 12, industrial output maintained growth in the latest month even though the headline figures fell. IIP has maintained significant growth from March 2021 onwards, aided by a continuing low base effect. Case in point, industrial production rose by 13.6 percent in June, 27.6 percent in May and recorded a massive 134 percent rise in April. Till July, experts had said the indices for the months in 2021 were not strictly comparable with the same months from 2020, when the nationwide lockdown was in full force and a majority of factories were not operating. However, this effect has now worn off … [Read more...] about September IIP rises 3% as low base effect wears off