OPEC cuts global oil demand projections for 2024 and 2025 in latest revision

In its latest monthly report, the organisation projected a rise of 1.93 million barrels per day (bpd) in 2024, down from the 2.03 million bpd it forecast last month.

In its latest monthly report, the organisation projected a rise of 1.93 million barrels per day (bpd) in 2024, down from the 2.03 million bpd it forecast last month.

While China’s economic measures are under scrutiny, both Arvind Sanger, Managing Partner at Geosphere Capital Management and Benjamin Cavender, MD & Head of Strategy at China Market Research Group suggest that the road ahead may be volatile for investors, with…

The vertical’s EBITDA plummeted 23.8% to ₹12,413 crore, while the EBITDA margin fell to 8% from 11%.

Reliance Industries delivered a strong Q2 FY25 performance, achieving ₹16,563 crore in net profit. Key growth areas include the Digital Services and Retail businesses, reflecting resilience despite weaker O2C margins.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose 11% to ₹5,290 crore during the quarter ended September 30, up from ₹4,766 crore last year.

The Board has also declared a first interim dividend of ₹1 per share, which is 100% on equity shares of face value of ₹1 each for the financial year 2024-25.

Garuda Construction and Engineering’s IPO ran between October 8 and October 10, which was sold in the price band of ₹90-95 per share with a lot size of 157 shares.

HCL Technologies announced a ₹12 per equity share dividend for the 2024-25 fiscal, with a record date of October 22, 2024. The stock closed 1.38% higher at ₹1,865, having risen 26% year-to-date.

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The demand for copper is set to surge, fueled by increasing data center usage and the growing need for sustainable infrastructure.